Full text of G.12.3 Industrial Production : June 23, 1944

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS
• R4S BI - 238
June 23, 1944

For release In afternoon papers
Friday, June 25, 1944
BUSINESS INDEXES

1959 average - 100 for factory employment and payrolls;
1925-26 average * 100 for construction contractsj
1635-59 average • 100 for all other series
Adjusted for
seasonal variation
1644
" 1943
my
May I Apr,
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight earloadings

Without
seasonal adjustment
1944
1 1943
Ifcy 1 Apr. I

p237

239

239

p237

237

239

p2S3
p367
P 170
pl43

256
361
172
140

258
359
176
129

p253
p357
pl69
pl46

255
361
169
138

258
360
175
132

p31
pl6
p42

36
17
52

52
31
68

p37
pi 9
p52

41
19
58

62
37
83

pl59.4
p217.7
pll3,5

161,5
221,1
114,5

167.9
225,9
122,2

p!58»8
p217,7
p!12*3

160.8
220,9
113 A

167,2
225,9
121,0

318,2
448,1
191,3

313,5
437.1
192,6

135

137

172

155

149

134

• mm

mm
mm
mm

*
*
*

136

138

135

141

Department store sales. value

*

173

158

*

Department store stocks,, value

#

143

131

• *

.

p—Preliminary«
* Data not yet available.
Bote.—Production, carloadings, 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 ,379, nondurable by ,469, and minerals by ,152,
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W, Dodge data for 37 Eastern States. To convert indexes to
value figures, shown in the Federal Reserve Chart Book, multiply total bv
#410,269,000, residential by 1184,137,000, and all other by #226,132,000*,
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics,




I

INDUSTRIAL PRODUCTION
(I93&.59 average - 1 0 0 )
Without
. seasonal adjustment .
1943
1944
May
Bay I Apr.

Adjusted for •
, seasonal variation
1
1944
- 1943
Hay
I A»r .

%

MANUFACTURES
p210

Iron end steel
Pig iron
Steel
Open hearth
Meotric
Machinery
transportation equipment
Automobile*
lonferrous metala and products
Smelting and refining
Lumber and products
Lun*er
Furniture
Stone, olay, and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive and asbestos products
Textiles sad products
Cotton oonswption
Bayou deliveries
Wool textiles
Leather products
Tanning
'Cattle hide leathers
Calf end kip leathers
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
:
m e a t flour
t
Meatpacking
\
Other manufactured foo^s
Processed fruits and vegetables
Tobacco products
Cigars
Cigarettes
Other tobacco products
p—Preliminary,




#

254
188
669
p440

P722
p223
*

p276
pl21
pill
pl39
pl6S
66
*

pl21
pl76
p295
p!47
142
196
*
*

»
"

•«

*
*
. .

pl53
pile

Pl81
pl64
piso
'

*

•
#

$

'

'

213
206
236
192
649
445
728
'
280
292
- 289
126
118
. 142
165
59
78
125
182
301
161
161
196
163
116
. 117 •
125
89
79
168 '
— * 116 •*•
157
114]
198 ;
157 •
150
126 '
89
161
73
'

'

208
196
233
184
584
443
729
211
264
270
133
126
147
175
43
130
136
203
320
159
169
186
168
118
122
132 4
92
87
164
"115
143
97
162
147
130
123
104
144
85

213
206
236
234
192
188
549
569
445
p440
728
p722
230
p223
*
292
289
p276
pl23
125
pll4
116
pl39
142
pl63
164
66
69
•
74
122
pl21
pl79
181
p295
301
pH7
151
142
161
196
196
*
153
*
116
• 116
*
125
86
*
81
$
165
* .
116
pl46
142
pill
110
pl82
183
pl39
139
p97
92
•
120
*
89
#
150
* ' ' 73
p210

>

1

208
196
233
184
684
443
729
211
264
270
136
130
147
180
43
137
136
205
320
159
169
186
158
118
122
132 "
88
85
177
- -116 ...
137 .
93
152 .
133
84
123
104
144
86

• Data not yet available.

,;

INDUSTRIAL PRODUCTION
(1955-59 average * 100)

j

' Adjusted for Without
awl variation i', seasonal adjustment •
f
1644
1945
1644
1945
1
my
I Apr.
b
y
•r.w-n
i
MANUFACTURES (Cont'd.)
..'.A

*

...

Paper and products
Paperboard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and ooal products
Petroleum refining
Gasoline
Fuel oil
Imbricating oil
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber,

!

- i"
"

%

!

4

»

p466
p524
p255
p410
p251

158 .
162 ,
75 .
101
84
251
240
129
161
120
125
176
167
464
526
252
408
256

pl45
pl59
pl55
pl41
pl27

145
155
129
159
124

169
•
plOO
81
*
*

plSO
s
*
*

»
*

e
142
150 1 159
*
89
pl02
112
102 :
84
*
175 i
*
174 f
104 I piso
*
157 I
e
116 a
•
122 i
*
166
•
157
p466
481
589
p525
214
p255
556
p410
224
p251

138
152
75
104
89
251
240
*29
161
125
127
176
167
464
527
252
408
256

142
. 150
90
114
106
175
.
m
, 104
157
121
124
166
157
481
589
214
356
224

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

129
145
124
125
' 129
**"

p—Pre 1 imin&ry or estimated*

'

P 145

pl59
pl55
1
pl41
pl55
p558

145
155
129
159
115
188

129
145
124
. 125
148
298

» Data not" yet available.

FREIGHT CARLQADINGS
(1955-59 average * 100)
Coal
Coke
Grain
livestock
F'-rost products
Ore
Miscellaneous
Mt-rcbandise, l.c.l.

•

. .

147
190
128
118
140
195
144
67

141
rlSS
190
181
125
140
120
rllS
141
158
195
165
146
• rl44
67 ,
•62 •*•*'

147
188
115
106
146
281
145
67

141
186
108
107
141
168
144
68

>135
179
123
rl02
145
269
145
62

r—Revised#
Note•—To convert coal and miscellaneous indexes to points in total index, shown in
the Federal Reserve Chart Book, multiply coal by ,215 and miscellaneous by ,548.