Full text of G.12.3 Industrial Production : March 29, 1950

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IN TTLSs SWTfON|
APR 3

1950

BOARD OF GOVERNORS OF THE FEDERAL RESERVE fffKTRM

™j

For release in morning papers, Thursday, March JO, 1950
G.12.3

March 29, 1950

BUSINESS INDEXES

1939 average • 100 for employment and payrolls;
1923-25 average * 100 for construction contracts;
1935-39 average * 100 for a l l other series.

Industrial production
Total
Manufactures
Total
Durable
Nondurable
minerals
Construction contracts, value
Total
residential
All other
Employment
Tctal nonagricultural
Tntal factory
Factory payrolls, total
Freight carlcadings
Department store s a l e s , value
Departsent store stocks, value
p— rreliminary.

Adjusted for
seasonal variation
19b0
j 1949
Feb. | Jan. | Feb.

Without
seasonal adjustment
r I91i9
19i?0
Feb.
Feb. j Jan.

pl80

183

189

P176

179

185

p!91
p207
pl?9
pll8

193
209
179
130

196
225
173
3i»9

pl88
p20li
pl75
p!12

189
206
175
125

193
223
163
lit 3

p2ii2
p2l*7
P238

21*2
215
239

169
123
207

p210
p220
p20 2

198
203
19ti

116
109
176

P139.6
plli0.3

110.6
liiO.3

lll.l
117.6

139.2
139.9
329.7

112.2

107

117

216

228

2hh

265

—

—

—

P137.7
pliiO.l
e33C.it

lOlt

117

126

96

p280

282

281

272

276

*

p22h
*

1L7.L
3L0.U

e — E s t i m a t e d . * Data not yet available.

Note; Proauction, carlcadings, 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 *&69, 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
vsluc figures, shown in Federal Reserve Chart Book, multiply total by
S&10,269,000, residential Ixy ?l8b,137,000 and a l l other by 3226,132,000.
Factory employment index, without seasonal adjustment, and payrolls index
compiled by Bureau of Labor S t a t i s t i c s .




2.

INDUSTRIAL PRODUCTION
(1935-39 average = 100)
Adjusted for
seasonal variation
1950
1949
Feb.
Feb.
uan.
MANUFACTURES
Iron and s t e e l
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles ( i n c l . parts)
Honferrous metals and products
Smelting and refining
Fabricating
Lumber and products
Lumber
Furniture
Stone, clay & glass products
Cement
Clay products
Textiles and products
Cotton consumption
Rayon deliveries
'"ocl t e x t i l e s
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 f r u i t s & vegetables
p—-Preliminary.




'ithout
seasonal adjustment
1950
19U9
Feb. j Jan.
Feb.
.

201
175
238
181
639
p237
p212
pl86
pl82
p200
pi?5

plSh
plhk

203
201
2hh

192
612
228
2b3
226
179
191
171

IhS

pl 73
P192
P156
pl7ii
liiU
356
*
*•

*
*
*
*
*
*

pl62
p!13
P1L9
pl71
plliO

13h
167
192
207
159
178
Xiiit
355
153
108
96
103
86
85
80
116
161
lit
151
168
112

232
220
267
199
755
262
2kl
206
185
200
180
123
107
151
202
222
176
157
125
305
11*3
113
107
122
85
89
86
117
162
127
156
169
136

201
175
238
181
639
P237
p212
pl86
pl92
p200
P175
plbO
pl2ii
P173
pl79
*

118
pl7L
lhh

356
#
«•

#

*
*
*

*
*

plL6
pll h
plh2

P155
p 88

203
201
2m
192
612
228
213
226
179
191

17h

130
111
167.
131
168
11*8
178
lhh

355
153
108
96
106
85
85
7U
116
lh9

lilt
183
155
92

232
220
267
199
755
262
zhl

206
185
200
160
115
96
lSh

187
168
166
157
125
305
113
116
115
131
89
93
95
117
116
128
1 h9
153
86

INDUSTRIAL PRODUCTION
(1935-39 average = 100)

3.

Adjusted for
seasonal variation
1950
1949
Feb.
Jan.
Feb.

Without
seasonal adjustment
19b9
1950
Feb.
Feb. | Jan.

tWiUFACTURES (Cont'd)
Paper and products
Paperboard
Newsprint
Printing and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
Chemicals
Paints
Rayon
I n d u s t r i a l chemicals
Rubber products

p 16
P250
plb6
P355
pb26
P196

179
209
98
158
lb7
211
176
192
15b
156
69
2b9
lbl
3b9
h21
19b

158
17b
98
152
lb6
221
170
19b
185
176
50b
251
309
309
b35
188

pll8
b3
38
65
Pl5t
p 82
p 76

133
91
96
69
15b
80
71

155
129
lb2
7b
165
76
81

158
17b
98
153
lb9
221
170
19b
185
176
5ob
250
113
309
135
188

pl79
205
98
pl68
166
P198
pl70
pl8b

P 16
p2b8
plb7
P355
pb26
pl96

179
209
98
16I»
159
211
176
192
15b
156
69
2b9
lbb
3b9
121
191

pll8
13
38
65
pl5b
pll9

133
91
96
69
15b
116

155
129
lb2
7b
168
113

pl79
20$
98
pl69
169
pl98
pl?0
pl8b
*

*

*
*

MINERALS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Petals
Iron ore
p—Preliminary.

* Data not yet available.
FREIGHT CARLOADIHGS
(1935-39 average = 100)

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

b6
122
113
65
119
156
130
52

97
151
119
70
118
169
133
52

12b
187
113
75
112
185
136
61

kb

130
111
52
115
39
122
51

97
158
119
68
106
he

122
b9

12b
198
111
60
107
U6

128
58

Note: To convert coal and miscellaneous indexes to points in total index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by ,5b8.