Full text of G.12.3 Industrial Production : September 25, 1944

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BOARD OP OOVBSHORS CP THE FEDERAL RESERVE SYSTEM

R&S BI - 241
September 25, 1944

For release In morning papers
Tuesday, September 26, 1944
BUSINESS INDEXES

1939 average • 100 for factory employment and payrolls;
1923-26 average • 100 for construction contracts t
1935-39 average = 100 for all other series

Industrial production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction contracts, value
Total
Residential
All other
Factory employment
Total
Durable goods
Nondurable goods
Factory payrolls
Total
Durable goods
nondurable goods
Freight oarlo&dings
Department store sales. value
Department store stocks , value

ict justed for
seasonal variation
1944
1943
-tog.
Aug. I July

Without
seasonal adjustment
1943
1944
Aug.
Aug. 1 July

p232

231

242

p235

232

245

p248
p349
pl66
pl42

247
348
166
139

261
• 366
178
135

p250
p350
pl70
pl46

248
349
167
143

264
366
181
140

p40
pl3
p62

38
14
57

59
35
79

p43
pl5
p67

43
14
66

63
35
85

-

pl5?,6
p213.3
pll3.7

157.7
213.9
113.4

169.6 pl58.7
230.0 p213.7
121.9 pllS.4

..
—

—

*
*
*

157.8
214.2
113.4

170.8
230.4
123.8

310.2
427,2
195.8

322.2
448.2
199.0

142

143

140

146

147

145

pl8?

194

165

pl58

143

139

*

163

167

*

147

161

Note.—Production, oarloadings, and department store sales indexes based on daily
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index, shown In Federal Reserve Chart Book, multiply
durable by .379, nondurable by ,469, and minerals "by ,162,
Construction contract indexes based on 3-month moving averages, centered at
second month, of F. W, Dodge data for 57 Eastern States. To convert indexes to
value figures, shewn 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 index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics,




1

2.
INDUSTRIAL'PRODUCTION
(1935-39 average • 1 0 0 )
,

•:

>
•

*

-

-

.

.
•,

.

i .

.

/ Adjusted for
-seasonal variation
1948
1544
*
**»• f July

Without
seasonal adjustment
1943
1944
Aug.
Aug. 1 July

p203

p203

MANUFACTURES '
Iron and steel
Pig Iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles
Hooferrous metals and products
Smelting and refining
Lumber and products
Lumber
Furniture
Stone, clay, and glass products
Plate glass
Cement
Clay products
Gypsum and plaster products
Abrasive and asbestos products
Textiles and products
Cotton consumption
Rayon deliveries
Wool textiles
Leather products
v
" Tanning.
Cattle hide leathers
—6aIf--and kip leathers - •
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
— #*eat flour
.Meatpacking
'
Other mtiufaotured foods
Processed fruits and vegetables
TtSbacco products
.
Cigars
Cigarettes
Other tobacco products
:
p—Preliminary,




.

-

$

224
183
512
p436.
pTO9
p2S3
*

p234
P l 2 7

P118.
pl43
pl63
66

•

pll9
pl82
p293

•

pl40
pl88
*•

pllS .
•
* *

*
*

p!12
pl49
- pll5
pl69
pl51
pl30
1 2 6

202
196
222
184
491
436
708
227
243
246
124
114
143
165
60
86
124
182
294
139
139
192
131
105
•113
126
' 79 ...
81
144
100
152
113 .
175
;152
131
1 2 2

92
1 5 2

92
'

86
154
» 78

210
202
236
185
598
445
762
232
264
279
130
119
152
173
49
114
132
203
327
145
147
177
150
111
106
109
.80
• 82
174
114
145
110
182
144
128
136
96
169
92

•

224.
183
512
p436
p709
p233
#

p228
pl34
pl30
pl43
pl64
66

•

pl22
pl82
p293
*
pl40
pl86
*

pll2
*

•

.

*
*

pl!2
pl68
pll3.
pl46
p!75
p247
12#
9S
160
89

202
196
222
184
491
436
708
227
243
244
130
123
143
165
60
94
124
:
182
294
139
139
192
131
103
108
119
78 ..
80
154
100
162
... 11?. .
1 6 2

159
170
1 2 7

86
1 6 2
7 8

210
202
236
185
598
445
762
232
264
279
137
130
152
179
49
129
135
204
327
145
147
177
160
•110
105
105
.8.1
-80
180
114
1 6 4

109
154
168
243
140
96

ni

89

• Data not vet available.

INDUSTRIAL PRODUCTION
(1936-39 average • 100)
• ...
Adjusted, for - •• i—MT » . Without
seasonal variation
seasonal adjustment
1944
1943
1944
1943
Aug,
Aug. I July
Aug,
I July
-

• miJUFACTUBES (Cont'd,?
Paper and products
Paperboard
Newsprint production
Printing and publishing
Newsprint consumption
Petroleum and ooal products
Petroleum refining
Gasoline
Fuel oil
Lubricating oil
Kerosene
Coke
Byproduct
Beehive
Chemicals
Rayon
Industrial chemicals
Rubber
MINERALS

*

p422
p313
p239
p405
p227

133
146
83
96
87
247
268
137
164
126
128
170
164
443
316
237
408
226

143
151
90
115
103
193
196
116
153
123
107
170
159
523
404
223
382
227

pl46
pl54
pl23
pl45
pll6

143
151
118
' 142
118

137
153
128
131
123

158
77
plOl
87
*

*

pl36
$

*
*
$

•

p422
p309
p239
p406
p227

132
143 ,
148
151
82
89
89
110
76. . 93
247
193
258
196
137
116
164
153
124
121
119
102
170
170
164
159
443
523
400
312*
237
223
408
382
226
227

pl46
pl54
pl23
pl45
pl46
p336

143
161
118
142
143
323

168

11

p96
78
*

*

pl36
*

•
•
*
*

'

Fuels
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

•

'

p—Preliminary or estimated*

•

'

i
'

146
185
131
121
155
188
149
68

143
194
144
124
166
189
150
66

137
153
128
131
161
363

* Date, joot yet available.

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

1

'

146
191
147
117
148
208
145
r64

146
143
188
178
172
141
102
115
162
15*
31281
151
ILi
68_. ...66.

146
183
158
111
166
312
147
. 64

r ~ReVised,
Note«—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,