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:3 SECTION
SI P

1941

BCUUKD OF GOlG&uiORS (IP TIB FEDERAL KE62LV2 ISYSTSI&L
R&B BI - 205
September 16, 1941

Released f o r publication
Friday ^ornin, , Septtt^er 10
BUSINESS &#EXES

19^6-36 average « 100 f o r industrial production and f r e i g h t - c a r loadings;
IS25-26 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
1941
1940
Aug* I July
Aug.
Industrial procuration
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
A l l other
Factory employment
Total
Durable ^cods
Nondurable goods
Factory payrolls
Total
Durable goods
Nondurable goods
Freight-ear loadings
Department store s a l e s . value
Department store stocks , value

Without
seasonal adjustment
1B40
1941
Aug,# ( July
Aug.

pl61

160

124

plS2

ICS

124

pise
pEOl
plS 7
pl32

165
199
138
130

126
143
112
113

plS?
p201
pl40
plS4

164
197
138
130

125
139
114
117

olvv
pi2r
pi;r

139
117
157

90
62
96

plS'
ri-2
pi'.

153
116
181

94
81
106

130.6
137.3
125.7

107.4
102.4
112.2

152.8
172*6
130.S

1^5.5
10f .5
1 4.4

*
*

•

133.3
141*0
126.1

# #

• *

107.4
104*3
110*2

*
*
*

« .

*

e

*

..
.

.

*

139

138

112

140

138

113

pl33

115

98

plOG

79

77

*

61

69

*

73

66

p—Preliminary.
* Data not yet a v a i l a b l e .
Bote:--Production, carloadings, and department store s a l e s indexes based on d a i l y
averages* To convert durable manufactures, nondurable manufactures, arid minerals
Indexes t o points in t o t a l index,shown in Federal Reserve Chart Book, multiply
durable by *279, nondurable by .469, and minerals by .152*
Construction contract indexes based on 3-month moving averages, centered at
second nonth, of F* m. Dodge data f o r 37 Eastern s t a t e s . To convcrt indexes t o
value f i g u r e s , shown in the Federal Reserve Chart Book, multiply t o t a l by ^410,269,000, r e s i d e n t i a l by #184,137,000, and a l l other by $226,122^000.
Ezsploy&ent index, vithout seasonal adjustment, and payrolls index compiled
by Bureau of Labor S t a t i s t i c s #



yon HUES
B$y*b M*irpW

V

H'DUSTRLfvL PRODUCTIOlf
(1S2S-39 average = 100)
Adjusted f o r
seasonal variation
1S40
1941
Aug, 1
MAJ^JFACTUHES
Iron and s t e e l
185
182
Fig iron
198
Steel
Open hearth & Bessemer
172
382
Electric
d225
Machinery
p252
Tr* nsportation equipment
pl207
Aircraft
Automobiles
Bodies, p a r t s , & assembly pl46
plOl
Factory s a l e s
Bailroad ears
p258
Locomotives
p366
Shipbuilding
p542
Nonferrous metals and products pl8o
Copper sr$eltinr
p!35
Copper d e l i v e r i e s
p221
175
Zinc smelting
* in consunption
Lw±er and products
pl41
Lumber
pisa
Furniture
plSl
Stone, c l a y , and g l a s s products pl50
u?
Polished plate g l a s s
T e x t i l e s and products
pl&4
Cotton consmnption
160
pi 70
Rayon d e l i v e r i e s
pE7
Silk deliveries
plC4
%ool t e x t i l e s
Leather and products
T)121
Shoes
nl20
J&mufactured food products
pi 28
SC
Wheat f l o u r
Meat packing
pl35
Other &amiftietured foods
pl29
*
Paper and products
Paperboard
161
$
Printing and oublishine
p—PreIteimry or estimated#




Without
seasonal adjustment
1940
1941
Aug,' 1
Aug/

185
181
197
174
566
216
257
1003

163
162
166
169
239
138
149
460

171
164
234
342
469
169
181
234
173
ICS
141
131
161
161
146
156
162
173
78
167
pl27
131
126
103
126
128
147
170
126

121
137
pl24
91
71
p50
134
23
127
p2£8
234
130
p5C6
342
123
124
p642
213
459
202
137
189
pl66
133
133
pl35
127
131
.14
p221
234
133
i4 0
176
173
133
»
117
154
115
pl£-2
114
144
123
pUO
113
142
126
116
pise
149
118
p!69
119
166
133
114
109
96
93
113
pi £3
155
111
160
124
162
114
127
pi 70
173
137
61
70
p51
57
106
pl64
157
109
07
pl23
pl26
104
101
pl?6
127
114
114
p.148
138
131
SJi
99
102
100
119
pll6
119
102
116
pi 62
137
IcG
•
124
140
123
121
163
161
123
•
110
115
102
+ Data not yet a v a i l a b l e .

185
1C2
193
172
CH2
p225
p:z2
pl207

185
181
107
174
366
216
230
1003

158
161
161
154
212
135
122
460

INDUSTRIAL PRODUCTION
(lS3b-29 average • 100)
Adjusted f o r
seasonal variation
1940
1941
Aug. 1 July
Aug*
KAKUF^CrjREo (Cont'd)
Petroleum and coal products
Petroleum r e f i n i n g
Gasoline
Fuel o i l
Lubricating o i l
Kerosene
Beehive coke
Chemicals
Rubber products
Rubber consumption
^:&&ALS
Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore
Copper
Lead
Gold
Silver

*
#
*
*
*
*

p452
pl4S
pl51
132
pl29
pl47
pi 62
pllS
p!48
203
pl67
*
*

e

pl23
pl24
123
pi 23
133
108
42S
145
. 153
156

113
109
109

127
146
137
119
14S
207
158
114
106
139

112
121
115
108
123
159
139
114
93
68

Without
seasonal adjustment
1940
1941
Aug*
Aug . I July
*

*
*

lie

*

98
111
263
115
116
116

p—Pre!imin&ry or estimated*

*
*

p4E2
pl43
pl31
132
pl26
plSS
pi 20
pi 22
ol67
325
plE3
*
•

*

$

*

pl 29
pl25
127
pl21
131
103
429
138
153
156

110
112
114
97
107
210
112
115
116

121
128
107
119
186
344
146
110
113
129

109
111
65
111
164
308
135
114
100
91

Data not yet available* '

FBBIOKT-CAR LOADINGS
(1935-•59 average = 100)
Coal
Coke
Grain
Livestock
Forest products
Ore
Miscellaneous
Merchandise, 1*e *1 *

168
19&
103
84
152
155
141
59

150
200
112
83
149
156
140
100

124
162
96
96
115
139
110
95

139
167
125
60
160
271
141
99

127
172
163
70
149
283
139
99

109
136
117
91
rl20
244
110
96

r ~ Revised •
H o t e : ~ I o convert coal and miscellaneous indexes t o p o i n t s i n t o t a l index, Multiply
coal by *213 and miscellaneous by *5%6. Back f i g u r e s nay be obtained upon r e quest from the Division of Research and S t a t i s t i c s *