Full text of G.12.3 Industrial Production : May 25, 1945

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REC'O IN FILES SECTION

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

W
861945
R&S BI
249
TIUJ M , 10 ID

For release In morning papers
Saturday, May 26# 1945
BUSINESS INDEXES

1959 average • 100 for. factory employment and payrolls!
1925*25 average* * 100 for construction contractsf
1935-39 average * 100 for all other series ~

t .A

t
i

Total
;
Manufactures :
Total
Durable
Nondurable
•
Minerals
Construction contracts. value'
!
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls i
Total
Durable goods
Nondurable goods
Freight earloadings
Department store sales. value
Department store stocks,, value

i

.

H

.

1

• : ,

Adjusted for
seasonal variation
1944
1945
April
!

• .

p231

236

239

Without
seasonal adjustment
1945
| 1944
April | March j April
p229

232

237

-

252
3451
176
142

p247
p337
pl?4
pl40
p74
pig
pll9

;
;
;

pl55.4
p207.1
pH-1.7

72
15
118
158.4
212.5
115.8

256
561
172
140

p245
p336
pl71
pl40

249
344
171
136

255
361
169
138

36
17
52

p83
p22
pi 33

71
16.
115

41
19
58

pl54.7
p206.9
pll3.6

158.0
212.2
115.2

168.6
233.2
117.7

»

325.7
444.3
§09.7

555.0
474.8
198.2

169.4
233.4
118.9

—
MM*

*

—

*

'

141 '

145

138

139

136

135

; 181 :

223

173

175

212

172

145

145

•

148

150

* •

. . >

*

p--Frei3jsmmry#
* Data not yet available#
Noto.—product ion# car loadings, and department store sales indexes based on daily
averages# to convert durable manufactures# nondurable manufactures# and minerals
indexes to points In total index# s h o w in Federal Reserve Chart Book# multiply
durable by #376, nondurable by #4$9, and minerals by #152#
Construction contract indexes based on 3*month moving averages# centered at
second month# of ?* W. Dodge data for 37 Eastern States. To convert indexes to
valuta figures#, shown in the Federal Reserve Chart Book# multiply total by
#410,269,000, residential by $ 184#137,000# and all other by $226,132,000#
Employment^ Inde^ds, without seasonal adjustment^ and payrolls indexes
compiled by Bureau of Labor Statistics#
™ .




2.
INDUSTRIAL PRODUCTION
(1935-39 average » 100)
Adjusted for
seasonal variation
1945
1944
April
April !
I torch

Without
seasonal adjustment
1944
1945
April | March April

p208

p208 -

mimFACTURES
Iron and steel
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles
Nonferrous metals and products
1
Smelting and refining
Lumber and products
Lumber
Furniture
Stone, clay, and glass products
Plate glass
Cemont
Clay products
Gypsum and plcCstor products
Abrasive and Asbestos products
"Textiles and prdducts
Cotton consumption •
Rayon "deliveries
Wool textiles
Leather'products
Tanning
Cattle hido leathers
Calf and kip leathers
Goat and kid leathers
Shoop and lamb leathers
Shoos
Manufactured food products
Wheat flour
Meatpacking
Oth^r manufactured foods
Processed fruits and vegetables
Tobacob products
Cigars v :
Cigarettes
Other tobacco products
p—Preliminary•




210
198
254
234
* 169
184
590
661
p424
432
p650
677
p235
238
S - • 265
!l93
p!93
121
pllG
plD2
110
144
pl41
165
pl65
62
61
*
86
p!20
124
pl80
183
p306
307
153
P 151
ISO
143
212
220
•

*

pl21
*
*

*

*
*
•

-

#

pl57
pl 34
*132
pl66
pl66
*
*
*
•

*

•

213
206
236
192
549
445
730
232
292
289
126
118
' 142 .
165
59
78
125
183
297
151
151
196
*
153
122
116
117
117
132
125
89
88
79
69
143
168
, 126
116
' 160
158
125
' "114 "
198
146
158
168
180
152
123
126
93
89
147
161
91
73
•

*

234
184
590
p424 •
p650
p235
*

pl93
pll5
pl02
0141
pl63
62
*

pile
pl77
D306
pl51
143
220

*

*

pl21
*
• *

•
*
*
*•

pl43
P i2a
t)122
pl47
plOl
• *

-

' *

•*

210
198
234
189
561 432
677
238
265
194
116
101
144
162
61
71
119
177
307
153
150
212;
122
116
132
87
68
139
126
142
*122
135, 148
99
117
93
137
91

213
206
236
192
549
446
730
232
292
289
125
116
142
163
59
74
122
181
297
151
151
196
153
116
116
125
85
81
165
116
143
110
183
140
92
120
89
150
73

* Data not yet available.

INDUSTRIAL PRODUCTION
(1935-39 average » 100)
Adjusted for
seasonal variation
" 1945
1944
April
I March

•Without;
seasonal adjustment
1944
1945
April
April [March

MANUFACTURES (Cont'd.)
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

p316
p316
p238
p398
p230

141
157
82
105
83
272
288
145
166
134
131
171
164
383
318
244
400
236

138
152
73
101
84
233
242
129
161
180
125
176
167
463
323
232
408
231

pl45
pi 38
plSl
pl50
e

147
149
115
150
111

143
155
129
139
122

#

158
80
plQ6
85

•
*

pl43
*

•
#
*

#

*

158
82
pl08
90
*

*

pl43
*
'

*
*

*
*

p316
p318
p238
p398
p230

141
157
82
107
87
272
288
145
166
132
134
171
164
383
320
244
400
236

138
152
75
104
89
233
242
129
161
125
127
176
167
463
325
232
408
231

147
149
115
150
72
80

143
155
129
139
112
188

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

• " •••-

pl45
pi 38
pl31
pl50
*
*

p—Preliminary or estimated.

• Data not yet available.
FREIGHT CARLQADIRGS
(1935-39 average = 100)

Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merc.»skr.dise* l.c.l.

126
180
160
124
133
p210
153
71

137
190
134
129
134
218
159
67

rl40
190
123
120
141
195
146
67

126
176
141
111
133
p203
151
71

137
192
124
102
134
63
151
68

rl40
186
108
107
141
168
144
68

.
- ::J:\
'
' r—Revised.
Kate*—To convert coal and miscellaneous indexes to points in total index# shown in
the Federal Reserve Chart Book# multiply coal by *213 and miscellaneous by .548.