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

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE : "YFTEM
For release in morning paper®, Tuesday, Octobe r 30, 195*1 ''

0.12.3

October 29, 1951

BUSINESS INDEXES

1939 average * 100 f o r employment and p a y r o l l s ;
1923-25 average " 100 f o r construction contracts;
1935-39 average = 100 f o r a l l other s e r i e s .
Seasonally adjusted
1950
"I55T
Sept.
:ept. | Aug.
Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Employment
Total ncnagricultural
Total factory
Factory payrolls, total
Freight carloadings
Department store sales, value
Department store stocks, value
p—Preliminary.

Unadjusted
1955
1551
Sept.
Aug.

p2l9

217

211

p22h

221

216

p228
p273
pl92
pl69

227
268
193
166

220
251
19ii
163

p233
p2?5
pl98
pl73

230
270
197
171

22h

253
201
168

*
*
*

291
292
291

321
332
312

*

303
289
311*

323
332
315

153.6
I58.it

1L9.2

15k.2

150.

133

133

13L

litli

137

llo

@312

319

320

e323

267

331

3b2

309

M

322

P153.2
P156.9

*

e—Estimated.

*

pl5L.8

156.0 P159.6 159.7 159.
eb36.1 U31.3

W.

* Data not y e i a v a i l a b l e .

Hew s e r i e s t Indexes of output of major consumer durable goods shown on page 3.
Note; Production, carloadings, and department store sales indexes based on
d a i l y averages. To convert durable manufactures, nondurable manufactures, and
minerals indexes to points in t o t a l 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
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 Chart Book, multiply t o t a l
by *110,269,000, r e s i d e n t i a l by 3l8&,137,000 and a l l other by #226,132,000.
Factory employment index, without seasonal adjustment, and payrolls
index compiled by Bureau of Labor S t a t i s t i c s .




TRIAL PRODUCTION
935-39 average * 100

A

Seasonally ac1justed
1*51
i m
Sept.
S e p t . 1 Aug.

2.

Unadjusted
1950
1951
Sept.
Sept. | Aug.

MANUFACTURES
Iron and s t e e l
Pig i r o n
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles ( i n c l , p a r t s )
Nonferrous r e t a l s and products
Smelting and r e f i n i n g
Fabricating
Lumber and products
Lumber
Furniture
Stone, c l a y and g l a s s products
Cement
Clay products
T e x t i l e s and products
Cotton consumption
hayon d e l i v e r i e s
Leather products
• Tanning
Shoes
Manufactured food products
'••heat f l o u r
Meatpacking
. Other manufactured foods
Processed f r u i t s
vegetables
Paper and products
Paperboard
P r i n t i n g and publishing
Newsprint consumption
Petroleum and co a l products
Gasoline
Fuel o i l
Coke
Chemicals
Paints
Rayon
I n d u s t r i a l chemicals
Rubber products
p—Preliminary.




257
231
298
213
902
P336
P319
p23lt
p2Ql
p212
pl96
pll*7
pl36
pl69
p226
219
P173
pl65
XI42
335
*
*
*

pl63
Pl03
P176
P170
133
P193
216
pl76
167
p26U
P 212
p210
*

P307
P153
p39l*
p568
P2L3

25b
230
291
208
881
328
310
230
198
213
192
ll*6
137
165
227
222
175
170
115
361
99
81
110
161*
112
162
172
133
196
221*
171*
l6h

265
213
209
187
307
161*
393
559
217

21*5
223
275
203
792
283
2814
265
216
209
219
166
150
196
215
206
169
191
152
380
121
111
133
167
103
168
171
11*2
19li
232
172
163
21*3
195
200
178
271
168
376
1*65
21*1*

257
231
29 8
213
902
P336
P319
p23lt
p201
p212
pl96
pl60
pl55
pl69
p236
2$k

pl8o
pl65
11*2
335
"

#

*

pl86
pll2
pl56
P199
258
P193
216
pl76
168
p261*
p212
p2l0
*

P3C9
pl56
p39h
p568
p2l*3

* Data not y e t a v a i l a b l e .

25k
230
291
208
881
328
310
230
198
213
192
158
151* '
165
237
251
181
170
11*5
361
98
80
no
187
111
139
198
262
196
221*
166
lli?
265
213
209
187
303
162
393
559
21*7

21*5
223
275
203
792
283
281*
265
216
209
219
179
170
196
223
239
175
191
152
38c
123
109
133
190
112
152
206
276
191*
232
172
165
21*3
195
200
178
272

166
376
1*65
21.1*

I

INDUSTRIAL PRODUCTION
(1935-39 average * 100)

3.

Seasonally adjusted
1950
1951
Sept. ) Aug.
Sept.

Unadjusted
1951
1 1950 Sept. 1 Aug. | Sept.^

MINERALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
"etals
Iron ore

P173
137
79
P197
pllii;

171
13it
77
19h

136

167
lhh

92
181
liil

——

pl73
137
79
pl97
P173
P305

171
13U
77
191
169
283

167
lWt
92
I3lt
171
265

100
113
85
52
96
76
97 *

i?y
188
16?
126
126
158
285

OUTPUT OF MAJOR CONSUMER DURABLE GOODS
(19ii7-ii9 average = 100)
Total
Passenger automobiles
Household goods
Carpets
Furniture
Major appliances
Radio and t e l e v i s i o n

Pio5

piilt
p 96
j

*

P 99
p89
pl22

102
113
89
55
97
A6
95

166
175
157
llii
12h
lh.2

273

Plo8

piili
pl02

«•

plOl
plOO
pl?6

L—rr~r—
Note: For d e s c r i p t i o n and back d a t a , see Federal Reserve Bulletin f o r October 1951,
pp« 1235-itG.
FREIGHT CARLCADIHGS
(1935-39 average = 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
miscellaneous
Merchandise, l . c . l .

130
211
132
81
11»2
205
3JU3
h6

122
215
U4O
67
li»8
209

135
201
128
72
lix9
r l 99

lhh
hi

lh2

55

130
209
lii8
107
153
308
I5ii
1x8

122
206
151
61
155
313
lh$
h7

135
198
llt3
95
160
298
I5lt
57,

Note: To convert coal and miscellaneous indexes to p o i n t s in t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by .SIS,

p—Preliminary.




* Data not yet a v a i l a b l e .