Full text of G.12.3 Industrial Production : May 26, 1950

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asc'D m n u s s SECTION 5
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYL TEM

WAY 3 1 1 9 5 0

For release i n morning papers, Saturday, May 27 JSSCL
0,12.3

May 26, 1950
BUSINESS I *3DEXES
1939 average = 100 f o r employment and p a y r o l l s ;
1923-25 average = 100 f o r construction c o n t r a c t s ;
1935-39 average *= 100 f o r a l l other s e r i e s .
Adjusted f o r
seasonal v a r i a t i o n
1950
19U9
Apr,.
Apr. | Mar.

I n d u s t r i a l production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Employment
Total nona^ricultural
Total factory
Factory p a y r o l l s , t o t a l

without
seasonal adjustment
19U9
1950
Apr. 1 Mar. Apr.

pl89

187

179

pl88

183

177

pl98
p221
P179
plb2

19L
212
180
ILL

18b
212
162
118

P196
p220
P177
plLO

191
210
176
139

183
212
159
1L6

p290
P312
P273

275
273
27b

177
lbl
206

P323
P333
P306

279
292
268

201
165
231

plU2.li
plU2.6

lLl.1
lLl.2

1L2.8
lL3.lt

p l L l . 3 139.5
plLl.l lLl.o
e335.8 333.5

—

——

1L1.9
lLl.6
319.2

Freight carloadings

126

127

127

122

120

125

Department store s a l e s , value

292

27L

293

286

257

295

*

285

278

*

290

285

Department s t o r e stocks,, value

p—Preliminary.
e—Estimated.
• Data not yet a v a i l a b l e .
Note: Production, carloadings, and department s t o r e s a l e s indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points i n t o t a l index, shown i n Federal Reserve Chart Book, multiply
durable by .379, nondurable by .L69, and minerals by .152.
Construction contract indexes based on 3-month moving averages, centered a t
second month, of F. W. 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 r h a r t Book, multiply t o t a l by
#10,269,000, r e s i d e n t i a l by $l8b,137,OGv and a l l other by 1226,132,000,
Factory employment index, without St ..»onal adjustment, and p a y r o l l s index
compiled by Bureau of Labor S t a t i s t i c s .




j

HllSTRIAL PRODUCTION
(1935-39 average * 100)

^

Adjusted f o r
;8#asonil variation
1950
Apr.
, Apr. I Mar.

2.

Without
seasonal adjustment
1949
1950
Apr.
Apr. I Mar. |

MANUFACTURES
Iron and s t e e l
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles ( i n c l . parts)
Nonferrous ratals and products
Smelting arid refining
Fabricating
Lumber and products
Lumber
Aimiture
Stone, clay & glass products
Cement
Clay products
Textiles and products
Cotton consumption
Rayon deliveries
Wool 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 l e a t h e r s
Shoes
Manufactured food products
Wheat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s & vegetables
p—Preliminary.




222
219
270
201
739
p25l
p229
p207
P198
p207
pl9li
Pl53
pllt2
pl75
Pl89
*

pl60
pl71
139
351
*

*

»

*
*
#
*

*

pl62
pl08
pl57
P169
pll*2

- 205
175
180
691
21*3
215
190
199
208
196
156
UU5
176
188
192
158
P173
138
350
*

115
98
108
77
91
81
127
166
111
160
173
151

219
217
2l*0
196
551
21*0
235
203
167
209
151
126
118
lhh
189
213
I6h
129
111
2U0
112
106
96
108
71*
80
76
113
162
103
ll*5
171
155

222
219
270
201*
739
p25l
p229
p207
pl98
p207
pl9l*
pl53
plii2
p!75
pl86
*

pl55
pl71
139
351
*
*
*
*

*
*
*
*

pll*8
P103
pll*5
P151
P 87

205
175
21*3
180
691
21*3
215
190
199
208
196
ll*7
133
176
180
157
151
Pl73
138
350
•»

115
97
108
75
90
79
127
11*8
109
11*8
151*
83

219
217
2U0
196
551
2it0
235
203
167
209
151
126
116
lhh
186
202
160
129
111
2lt0
112
1C6
96
108
72
83
75
113
11*8
99
131*
152
91*

* Data not yet available.

INDUSTRIAL PRODUCTION
<1935-39 average » 100)

3.
lithoui
seasonal adjustment
1950
| , 191*9
Apr*
Apr, 1 Mar. |

Adjusted f o r
, seasonal variation
191*9
1950 ..
Apr.
. Apr. j. Mar.
MANUFACTURES (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

P370
p252
pl50
P3l*9
pl*30
p205

179
203
102
171
170
206
173
178
11*6
11*5
186
250
11*7
352
1*26
195

11*6
162
99
157
163
209
170
169
182
173
1*77
239
11*0
265
1*17
177

pll*8
131
11*3
83
P157
P 91
P105

11*8
11*1
11*9
108
152
81
63

11*8
133
ltit
88
156
131*
260

153

139

— W
181*
121
68
119
228
130
60

11*6
162
97
152
151*
209
170
169
182
173
1*77
237
139
265
1*17
177

P175
207
«
pl7?
178
P203
pl70
pl73

P370
p250
pll*9
P3U9
pU30
p205

178
203
102
168
163
206
173
178
116
1U5
186
21*7
111?
352
1*26
195

pll*8
. 131
11*3
83
pl57
pl02

11*8
11*1
11*9
108
152
116

11*8
133
11*1*
88
156
11*5

pl75
20?
*

PJ72
168
P203
pl70
P173
*

#

*
*

MINERALS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

FREIGHT CARLOADINGS
(1935-39 average * 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, l . c . l .

isr"
181
131
68
129
136
137
53

155
11*3.
126
67
123
131*
131*
53

1#
188
138
76
119
215
132
59

'
.

177..
115
61
,129
63
135
51*

11*1*
116
53
123
39
127
51*

Note; To convert coal and miscellaneous indexes to points in t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .51*8.