Full text of G.12.3 Industrial Production : July 25, 1944

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** » m m
BOARD OF «*E81K»S OF B E FEDERAL RESERVE SYS
For release in morning papeA
Wednesday, July 26, 1944
>

ci

JUL 2 61944

R&8
July 25, 1944
BUSINESS INDEXES

1959 average «*» 100 for factory employment and payrolls i
1923-25 average * 100 for construction contracts *
1955-59 Average • 100.for all other series

5
i
. i
i
ii
i

Industrial production
total
Manufactures
•
Total
?
Durable
Nondurable
Minerals
Construction contracts, valub
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods

|

1
i

i
i

Freight carloadings

i
i

Department store sales, value
Department--store stocks,, value

Adjusted for
seasonal variation
1944
1945
June
June I May

Without
Seasonal adjustment
1945
1944
June
June | May

p235

257

257

p236

257

258

p251
p552
pl69
pl45

265
567
169
145

268
558
177
117

p252
p555
pl70
pl47

255
568
168
146

259
559
178
121

p31
pl6
p44

55
16
46

45
52
55

p37
pl7
p55

40
19
57

55
36
67

pl58,6
p216.4
pllS.O

159,6
218.4
115.5

—
—

169.0 pl58.4
228.5 p216.6
122.5 pll2.5

WW

ww

#

ww

mam

*

«

*

—

159.0
218.4
112.2

168.8
22S..5
121.7

518.3
445.7
195.7

317.1
441.6
195.4

159

158

127

144

141

152

175

185

167

162

180

155 '

•

146

145

*

149

136

Note.—Production, oarloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total Index, shown in Federal Reserve Chart Book, multiply
durable by *579, nondurable by ,469, and minerals by .152,
Construction contract indexes based on 5-month moving averages, centered at
second month, of F. W, Dodge data for 57 Eastern States. To convert indexes to
value figures, shown in the Federal Reserve Chart Book, multiply total by
•410,269,000, residential by #184,157,000, and all other by <226,152,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics,




nroU.STRIAL PRODUCTION ,
(1935-39 average * 100)
i
without
Adjusted for
seasonal adjustment
—sQ&eoaal-variation
1943
1943
1944
1644 • June
. June j Jfey
- tltinb " "June "* I Myr
MANUFACTURES
Iron and i&teel
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles
Nonferrous metals and products
Smelting and refining
lumber and products
Lumber
^
"Furniture
Stone, clay, and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive and asbestos products
Textiles and products
'
Cotton consumption
Rayon 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
Wheat flour
Meatpacking Other manufactured foods |
Processed fruits and vegetables
Tobacco products
Cigars
Cigarettes
Other tobacco products.
p—Preliminary.




"

p204
*

225
183
52$
p439
p721
p227
*

'

p253
pllS
pl06
pl42
piei
66
*

pl26
pl76
p297
pl46
140
196
*

pi 14
*

*
*

#

pll8
pl53
pl08
-pl74
pl54
pl33
" •

*
*'

. •

210
210
p204
201
•
203
203
190
225
234
227
234
188
188
177
183
559
559
526
583
p439
440
-440
441
728
728
743
P 721
229
p227
229
215
#
.279
279
262
273
276
p252
273
124
126
128
pl24
115
118
pll5
119
141
148
pl42
141
165
161
175
pi 65
66 ,
65
06
41
*
79
76
127
122
plz3
139
121
182
180
pi so
204
300
p297
300
325
147
pl46
155
147
142
160
140
142
195
196
183
195
•
152
152
160
112 • 114
112
pll3
*
110
110
114
*
118
122
118
86
. •• . 83
, ^
M *
86
84
82 *
162
136
147
114
pll8
114
114
154
•144
147
pl53
110
102 . pl04.
106
180 . 159
pl72
180
157 ' 146
pl45
141
145
pl02
130
94
*
124 . 124
124
" *
69
102
89
*
154 , 149
154
*
60
78
81

201
190
227
177
583
441
745
215
262
275
135
128
148
177
41
136
137
208
325
155
160
183
160
113
112
117
8883
160
114
144
• • 98 • • •
158
137
100
128
102
156
.80

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935*59 average » 100)

' -MM^TACTURES (Cont'd,)

Without
" TiMjusted;
seasonal adjustment
. seasonal variation
1943
1944
1943
• ""1944
June
m*
i ihy.j r.vun&-.- June -i May
i

»

Paper and products
Paperboard
newsprint production
Printing and publishing
Newsprint consumption
Petroleum and coal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber
•

- 142

156
.

*

pido
86
*
#

pl37
*
*
$
*
*

p486
p324
p237
p410
p231

159
76
98
81
236
246
130
162
118
126
175
166
470
325
235
410
230

140
152
91
112
102
177
180
109
138
120
126
157
152
318
399
213
366
250

146
159
134
142
121

' 115
103
74
124
128

*

156
» •
plOO
84
$

•

pi 37
*
*

»

•
*

P486
p321
p237
p410
p231.

142
159
77
100
84
237
246
130
162
123
127
175
166
470
324
235
410
230

140
152
92
111
101
177 ;
180
109
138 .
120
119
157
152
1
318
396
213
' 366
230

146
159
134
142
145
313

115
103 '
74
124
159
341

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

pl46
pl58
pl28
pl44
-

,

*
*

•

»

p—Preliminary or estimated*"
:
:
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l#o*l*

pl46
pl58
pl28
pl44
*

*

*

* Data not yet available#
! FREIGHT CARLQAMNGS 5
.(1935*39 average » 100)
148
147
100
190
194
166
135
128
137
121
118
113
148
140
135
187
.192
195
143... ,144-. —•4.43' —
67
67
63

147
148.
188
191
137
113
106
100
146
154
281
291
147 - *"* K 5
67
66

100
• 162
140
86
145
297
146
63

Note •--To convert coal and miscellaneous indexes to points in total index, shown 3m
the Federal Reserve Chart Book^ multiply coal by *213 and miscellaneous by .548*