Full text of G.12.3 Industrial Production : September 27, 1950

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fS HUES tiKCT!
BOARD OF GOVERNORS OF THIS FEDERAL RESERVE SYSTEM

3bp Y > iSbu

For release in morning papers, Thursday, September 28^
September 27, 1950

G#12#3
BUSINESS INDEXES

1939 average » 100 f o r employment and p a y r o l l s ;
1925-25 average * 100 f o r c o n s t r u c t i o n c o n t r a c t s ;
1955-39 average 55 100 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
1
1 %9
Aug.
Aug' 1" July
'

I n d u s t r i a l production
Total
Manufactures
Total
Durable
Nondurable
Minerals
Construction c o n t r a c t s . value
Total
Residential
All o t h e r
Employment
Total n o n a g r i c u l t u r a l
Total f a c t o r y
Factory p a y r o l l s , t o t a l
F r e i g h t carloadings
Department s t o r e s a l e s , value
Department s t o r e s t o c k s , value

Without
seasonal adjustment
191+9
I950
1 Aug.
Aug. 1 J u l y

P207

196

170

p210

198

17U

P2l6
p2L5
pl91
pi 58

205
236
161

178
193
165
129

P219
p2L7
pl95
pl63

207
237
182

lk9

181
194
170

13k

#

325
369
289

229
228
230

#
*

351
372
333

238
226
2U8

1L6.0
150.5

i i a . 5 pll»8.1i
139.6 P155.4
—
e392.l

1L5.5
1W.2
367.2

142.0
lia.i
323.0

*
*

plliB.l
P15L.6

—

*

135

126

117

lho

130

120

e?35

362

283

@281

283

238

*

268

253

*

259

254

Note* Production, carloadings, and department s t o r e s a l e s indexes based on d a i l y
averages. To convert durable manufactures, nondurable manufactures, and minerals
indexes t o p o i n t s i n t o t a l index, shown in Federal Reserve Chart Book, m u l t i p l y
durable by ,379# nondurable by J469* and minerals by .152.
Construction c o n t r a c t indexes based on >month moving averages, centered a t
second month, of F* W# Dodge data f o r 37 Eastern States* To convert indexes t o
value f i g u r e s , shown i n Federal Reserve Chart Book, m u l t i p l y t o t a l by
# 1 0 , 2 6 9 , 0 0 0 , r e s i d e n t i a l by #184,137*000 and a l l o t h e r by #226,132,000.
Factory employment i n d e x , without seasonal 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 #




INDUSTRIAL PROEDCTIOS
(1935-39 average = 100)

2.

Adjusted f o r
seasonal v a r i a t i o n
T W
" W
Aug.
• 1 July

'Without'"
seasonal adjustment
TW
"I955T
July
Aug.

mKUPACTURES
Iron and s t e e l
Pig iron
Steel
Open hearth
Electric
Machinery
Transportation equipment
Automobiles (incl# parts)
ionferrous metals and products
Smelting and refining
Fabricating
Lumber and products
lumber
Furniture
Stone, clay & glass products
Cement
Clay products
Textiles and products
Cotton consumption
Rayon d e l i v e r i e s
Wool t e x t i l e s
Leather products
Tanning
Cattle hide leathers
Calf and k i p leathers
Goat and kid leathers
Sheep and lamb leathers
Shoes
Manufactured food products
Wheat f l o u r
Meatpacking
Other manufactured foods
Processed f r u i t s & ve*
p—Pre 1 iminary.




234
*

262
197
720

p28l
p282

p269
p203

p210

228
225
264

201

710
265
271+
264

203
208

p202
pi 60

200

p!90

174

pl45

p2l8
*

pl66
pi 87

155
563
*
*

*
*
*
*
*
*

pl66
Pll7
pl 57
P172
pljl

151

140
211
208

160
165
125
360
135
102
91
106
56
80
76
108
166
113
151
173
146

178
170
191
165
376
216
246
225
141
174
128
126
115
148
183
183
145
i4o
111
259
134

110
91

104
69
72
78
123
166
109
153
174
151

234
#

262
197
720
p281
p282
p269
p203
p210
p202
pl69
Pl59
pl93
p227
*

pl71
pl87
155
363
*
*

•
*

*

*
*
*

pi 88
pll6
P136
pl97
P249

228

223

264
201
710
265
274
264
202
207
200
161
155
174
213
229
161
165
123
360
135

100
37
100

178
170
191
165
376
216
246
225
141
174
128
134
126
148
190

207
149

140
111

259
1?4

110
90
101

72
70

56

79

71
108
177

112

141
181
190

# Data not yet available

81
123
189
108
134
203

287

.

INDUSTRIAL PRODUCTION
(1935-39 average - 100)

3
Without
seasonal
adjustment
^
>
' w
Au;
Aug

. Adjusted' f o r
seasonal variation
T59T
w
Aug
Aut
dull
15:
MAMIFACTURES (Cont*d.)
Paper and products
Paperboard
Newsprint
P r i n t i n g and p u b l i s h i n g
Newsprint consumption
Petroleum and coal products
Gasoline
Fuel o i l
Coke
Byproduct
Beehive
z
Chemicals
Paints
Rayon
Industrial chemicals
Rubber products

pi94
228
116
pl69
165
P235
p200
Pl93
#
p460
p269
pl67
p36l
p46l
p236

173
198
117
162
167
228
19b
187
176
170
371
261
161
359
JUU9
221

pl62
pl 33
pl42
P 97
P177
P129

li*8
101
109
68
171
124

*

172
198
115
150
144
228
194
187

p 194

228
115
pl6l
148
P235
p200
P193

184
101
151
151
203
177
168

146

150
33
229
137
257

176

170
371
257
159
359
449
221

p46o

P266

pl65
p36l
p46l
P236

388

178

100
143

136

203
177
168

146
150

J135

257

388
178

MINERALS
Fuels
Coal
Bituminous coal
Anthracite
Crude petroleum
Metals
Iron ore

plo2
pl33
pl42
P 97
P177
pl63
P341

134
102
108
82
149
102

148
101
1C9

68

171
153
343

134
102
108
82
149
135
505

* Data not y e t available*

p—Preliminary.

FREIGHT CARLOADINOS
(1935-39 average » 100)
Coal
Coke
Grain
Livestock
F o r e s t products
Ore
Miscellaneous
Merchandise, l . c « l .

•

TST

194
139
60
155
190
147
56

-

155"
195
135
61
148
186
i4o
51

10)
123
138
77
125
160
127
57

i

126
186
150
57
163
285
149
56

'

105
190
162
48
149 ,
298
141
51

103
119
149
73
131
240
128
57

Notei To convert coal and misceiLlaneous indexes to points i n t o t a l index, shown
in Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by ,548.