' ^ i fc;.- l -• '9-r. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM!

Jji'.. TM-W"*

For r e l e a s e in morning papers ' \«4S BI - 213 Saturday, May 25, 1942 Kay 21, 1042

BUSINESS INDEXES

1935-39 average « 100 f o r i n d u s t r i a l product ion and f r e i g h t - c a r loadings $ 1923-25 average - 100 f o r a l l o ther s e r i e s

Adjusted f o r Without seasonal v a r i a t i o n seasonal adjustment

1942 1941 1942 1941 Apr i l 1 March Apr i l Apr i l | March Apri l

I n d u s t r i a l product ion Total p i 74 172 144 pl72 168 144 Manufactures

Total p l 8 1 180 153 pl80 177 153 Durable p234 230 180 p234 227 181 nondurable p l 3 8 139 131 pl37 137 130

Minerals p l30 127 96 p i 25 116 56 Construct ion c o n t r a c t s , value

Tota l p l l S 125 103 p l31 125 117 Res iden t i a l p84 95 80 p99 99 93 Al l o ther pl40 149 121 pl57 147 136

Factory employment Total # 154.7 122.0 * 135.0 122.6 Durable goods * 146.9 126.3 * 147.4 127.7 nondurable goods * 123.1 118.0 * 123.2 117.8

Factory pay ro l l s Total # # * 182.9 134.7 Durable goods * * * 217.3 149.9 nondurable goods * 144.3 117.7

F re igh t -oa r loadings 143 156 112 136 129 108

Department s t o r e s a l e s . value p l l 7 124 104 p i 14 118 106

Department s t o r e s t o c k s , value * pi07 74 * pl09 76

p—prel iminary or e s t ima ted . » Data not y e t a v a i l a b l e . Hotei—Production, oa r load inga , and department s t o r e s a l e s indexes based on da i l y

averages . To convert durable manufactures , nondurable manufactures , and minerals indexes t o p o i n t s in t o t a l index , shown in Pedercl Reserve Chart Book, mul t ip ly durable by .379, nondurable by .469, and minerals by .162.

Cons t r u o t i o n con t rac t indexes bused on 3-mouth moving averages , centered a t second month, of P . W. Dodge data f o r 37 Eas t e rn S t a t e s . To convert indexes t o value f i g u r e s , shown in thu Federal Reserve Chart Book, mul t ip ly 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 o the r by ^226,132,000.

Esqsloynent index, without eearonc.1 t .d jus tnen t , end pay ro l l s index compiled by Bureau of Lubor S t a t i s t i c s .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

INDUSTRIAL PRODUCTION (1935-39 average - 100)

Adjusted f o r - s ea sona l -va r i a t ion

Without seasonal adjustment

1 W l&cl - 1942 19-11 Apr i l | Naroh • • Apr i l April , i March Apri l

MAHUF̂ CIURES Iron end s t e e l pl98 198 181 pl98 198 181

Pig i r o n * 194 170 s 194 170 S t e e l 21? 216 192 217 216 192

Open hea r th rnd Bessemer 179 180 172 179 180 172 E l e c t r i c 483 473 333 .483 473 333

JUachlncry p274 265 194 p274 265 194 Tr&neportution equlpmcnt p345 327 196 p345 327 206 Ncnferrous metals fend pro&rte pl82 184 183 pl83 185 184

Copper smelt ing pl55 147 148 pl55 147 145 Zinc smelt ing 185 184 164 185 184 164 Copper d e l i v e r i e s plS6 208 221 pl96 208 221 Zinc shipments 145 148 147 145 148 147

Lumber and products pl34 134 132 plS3 129 130 Lumber p i 27 128 128 pl27 120 128 Furn i tu re p l49 146 138 p l 4 t 147 135

Stone,elay #and g lass products plGO 171 141 pl59 142 140 Cement 161 188 139 161 141 139 Pol ished p l a t e g l a s s 43 41 142 43 43 142

Tex t i l e s and products pl51 152 150 p i 51 152 150 Cotton consumption 177 169 161 177 169 161 j&yon d e l i v e r i e s . 170 . .. 175 158 170 175 158 Wool t e x t i l e s * 148 152 * 148 152

Leather products pl21 120 115 pl25 128 I IS Turning * 125 109 * 126 l i e

C a t t l e hide l e a t h e r s * 139 119 * 140 119 Calf and k i p l e a t h e r s Goat and kid lot-thers

* 96 97 * 91 96 Calf and k i p l e a t h e r s Goat and kid lot-thers # 117 96 * 116 99

Shoes p l l 8 116 119 pl24 129 125 Manufactured food products pl36 137 123 p i 24 121 112

Wheat f l o u r 98. 101 110 92 98 103 Meatpacking pl41 144 126 pl33 131 119 Other manufactured foods pl38 138 122 p i 21 121 107

Paper and products » 150 184 » 155 137 Pk.perboc.rd I K 152 143 157 168 146 Hewsprint product ion 109 106 114 109 106 H i

P r i n t i n g and publ ishing p l l 9 • 121 118 pl25 126 124 Newsprint consumption S8 103 105 105 107 113

p—Preliminary or e s t ima ted . r—Revised. *Datu not ye t ava i lab le .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

IlfDDSTRIaL PRODUCTION (1935-59 a v e r s e « 100)

Adjusted for Without seasonal v a r i a t i o n stnaoiml c-d.justwunt

mi 19* i2 19*1 Apr i l |% "March Apr i l Apr i l | Uarch Apri l

MAimF^CrjRES (Cont 'd) - 6 "

Petroleum and coal products * 126 121 * 122 120 Petroleum r e f i n i n g * 120 119 # 116 119

Gasoline p i 06 117 120 pl05 112 118 Fuc1 o i l * '̂ 124 120 # 122 117 Lubricat ing o i l * 131 118 s 130 122 Kerosene * 113 117 » 115 119

Coke 160 160 133 160 160 133 Bouhiw 502 476 69 602 476 69 Byproduct 160 151 134 160 151 I K

Chemiculs pl66 161 133 p i 71 165 136

MINERALS Fuels pl25 122 86 pi 20 122 67

Bituminous coal p i 76 146 22 p i 60 140 18 Anthruci to p l H 113 71 vlZZ 116 76 Crudt, potroluur. pl05 114 113 pl07 115 116

Metals pl56 15* K 9 p i 58 £•8 K 9 Iron ore 21? 215 193 235 23 210 Copper pl70 162 152 pl75 165 156 Load # 13* 119 * 131 121

p-*Proliainc.xy or e s t ima t ed . * Data not ye t a v a i l a b l e .

FREIGHT-CAR LCLDING8 (1255-39 average = 100)

Coal 160 122 46 135 125 38 Coke 200 168 137 179 176 120 Grain 117 119 113 100 102 96 Livestock 101 97 93 SO 77 82 Fores t products 159 14S 130 159 149 130 Ore 267 282 266 218 73 203 Miscellaneous 141 143 130 142 159 131 Merchandise, l . o . l . BO 92 102 81 92 103

Koto':~To coLVcrtcofel and iidsccllu&cous indexos t o po in t s i n t o t a l Index, mul t ip ly coal by .213 t.nd miscellaneous by .548.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis