Full text of G.12.3 Industrial Production : May 29, 1951

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BOARD CP GOVERNORS OF THE FEDERAL RESSRVT -YSTZZ
Fcr roleaso in Lfterno^n papers, May 29,

c.12.;

1

BUSINESS INDEXES
1959 a v e r a g e - 100 for employment and payrolls;
IS 25-25 average * 100 for construction contracts ;
1955*39 average = 100 for a l l other series.
Adjusted f o r

seasonal variation
" m r

T ££•
Industrial production

Total

12anufacturec
Total
Durable
Nondurable
2!ine rals
Cor struction contracts, value
Tctal
Residential
All other

Enrlo^iLent

:crtl nonagricultural
Total factory
Factory payrolls, total
Frei^pt carloadings
Department stare sales, value
Department store stocks, value

I-—ireliminary.

liar

p222

222

p233

2?U

pi 99

277
199
156

P329
?277
P372

292

P275
pl64

3<&
31U

P153-0 152.3
p l 6 l . l 161.5

1950

Without
seasonal adjustment
~W7T

w

•-•pr.

.-.pr.

{ liar.

190

p220

219

199

p231
P275
Pl95
pl62

275

221

19k

153

178

138

P375
P32U

307
307

325

;%pr.

222
180

li+0

28lt

298
273
lli2.7

11*3.2

vhn

230

308

pi 51.7 151.4
P159.U 161.1
eL26.2 W 3 . 6

188

197

%B

306

litl.7

11,1.6

337.2

136

139

126

133

130

122

e 506

290

292

*287

23k

2D 5

366

26o

372

29u

e—estimated.

Data not yet available.

I o*.e: Production, carlc^din^s, and department store sales indexes based on daily
pv -arcs. To convert durable manufactures, nondurable manufactures,- and rdnerals
i T ' . ^ s tc points in total index, shov.i, in Federal Reserve Chart Book, multiply
d u r s l b y .379, ncr.dvrtble by ..,69, and minerals by .1^2Co..;t:-aivion contract indexes based or. '-mor.tr. .cvir.c- averures, centered
at sec;:.J r.,vrr,h, of ?, ...
data for 37 3astern States. To convert indexes
to vai
:'.'-<re.;> sh:v,r. in Feder'.l Reserve C-'.-.rt roc.-', r.-.aitiply tofcal by
..:c, residential :y Cl^.. 137,-30 and a l l other by v2^6,132,000.
r i"' cry "r.flc;-' .er.t inues, *ith-jut seasonal adjustment, and payrolls index
compiled Ly Bureau of Labor S t a t i s t i c s .




2.
INDUSTRIAL "PROHJCTIOK

(1935*39 average • 100)
vdiihou't;
seasonal adjusi[anent
i5$i
1 19$0 '
| Apr.
Apr. | Mar. 1

Adjusted for
seasonal variation
1950
19bl

Apr.

|

Mar.

Apr.

263
228
298
217
879
335
307
259
212
225
207
169
15o
196
21+2
252
108
188
175
374

222
219
270
204
739
251
226
204
198
207
194
159
150
175
200
£18
158

HAKUFACIURE8
Iron and steel
Pig iron

Steel

%»en hearth

Electric

Machinery

Transportation equipment
Automobiles (incl. parts)
Konferrous metals and products
Sim! tinr and r e f i n i n g

Fabricating
Lumber and products
lumber
Furniture
Stone, clay & glass products
Cedent

Clay products
Textiles and products
Cotton consumption

Rayon deliveries
Wool textiles
Leather and products
Tanning

Shoes
Manufactured food products
Wheat flour
Meatpacking

Other manufactured foods
Processed f r u i t s & vegetables
Tobacco products
Cigars
Cigarettes

Other tobacco products
p—Prel iminary*




p264
*

302
218
697
P337
P295
p2l+0
p2l4
P225
p209
pl65
pl5b

pl8?
p2U7
pi 89
Pi 85
153
382
*
*
*
#

P170
P113
plol
pl 80

Pl79
177
104
248
66

*

118
105
127
169
pl!2
159
179
176
170
100
238
62

p264
*

302
218
m

p337
p295
p24o
p2l4
p225
p209
pl65
P153
P167
p243
pl64
pies

17h

139
348
15b
110
101
115
164
105
157
171
148
161
91
224
67

153
382
*

*
*
*

pl54
pl09
pl48
P159
P109
167
104
231
66

263
228
298
217
679
335
307
259
212
225
20?
160
141
196
232
207
180
188
175
374
*

118
105
127
150
pllO
147
158
97
161
100
222
62

222
219
270
204
739
251
226
204
198
207
194
158
150
175
197
207
154
174
139
3^8
154
110
101
115
150
101
145
153
90
152
91
209
67

' Data not yet available

*

INDUSTRIAL PRODUCTION

(1935-59 average » 100)
Adjusted for
seasonal variation

1951-

1950

Without
seasonal adjustment

1951

1950

Apr.

Apr. |

Mar.

Apr.

208
21+8
119
175
162
269
199
227
184
176
1+66
292
164
374
524
239

181
207
111
169
168
206
171
172
174
170
320
252
147
349
434

p210
253
121
pi 85
181
p256
Pl93
p210

206
246
119
176
169
269
199
22?
184
176
46c
296
164
374
524
239

182
207
113
174
178
206
171
172
174
170
320
253
149
349
434

163
111

147
131
143
83
155
98

pl68
119
133
64
P192
P129
P226

16?

147
131
143
83
155
87
79

- APT.

I liar.

p209

MmiPACWRES (Cont'd.)

Paper and products
Paperboard
Newsprint
Printing and publishing
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel oil
Coke
Byproduct
Beehive
Chemicals
Paints
Rayon

Industrial chemicals
Rubber products

25)

119

pl80

171

P256

Pl93
p210
*
*

p4l5
P297
pl62
P379
P539
p236

203

*

*

P415
P299
pl64
P379
p539
P236

203

MINERALS

Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum

Metals
Iron ore

pi68
119
133
64
pl92
pl4l

127
48
189
128

Ill
127
46
189
92
89

* l/ata not yet available.

p— Prel iminary.
FREIGHT CARLQADIKGS

(1935-39 average = 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous

Merchandise, l . c . l .

"ITS"
197
158
68
156
192
151
51

112
202
150
62

147
241
157
53

iS3"
181
131
68
129
121

137
53

112
193
139
61

156
193
149
51

Ti£~
204
136
49
147
70
149
54

123
177
115
61

129
63
135
54

in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .548.