3 B 6 p 5 5 i i UAD O r? It

•BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYS DEM MAR 2 7 1 9 4 5

For r e l e a s e In a f t e rnoon papers Monday, Uaroh 26* 1945

.'*• 'ii. R11

-r R&S BI - 247 ?" March 26# 1945

BUSINESS .INDEXES ' * 1* * : & *

, . P ? 9 . . « s r a s e - JOO f p r f a g t f f r y employment end p a y r o l l s ; , t r u s s * * .W. . W p o s t r a o t s t ~

1955-59 average - 100 f o r a l l o the r s e r i e s

.v- ; -' •«

• i - ; - - '

• V , (

:— - Adjusted f o r seasona l v a r i a t i o n

Without seasona l ad jus tment

.v- ; -' •«

• i - ; - - '

• V , ( ..... l M 5 1944 1945 1944

.v- ; -' •«

• i - ; - - '

• V , ( Feb . . I J a n . Feb. F@H * ( J a n . Feb. •V-. :

I n d u s t r i a l p roduc t ion . T o t a l p2S5; 234 244 . p231 530 240 Manufactures.

p2S5; p231 530

T o t a l p252 261 262 p249 247 259 Durable P346 344 367 p344 342 366 Nondurable , p l76 = 176 177 . p l 7 l 171 173

Minerals P;H2 1 140 142 p l35 131 136 Cons t ruc t ion c o n t r a c t s , v a l u e f

p l35

T o t a l | ; p41 ; 49 46 p35 , 39 , 38 R e s i d e n t i a l t p l2 14 21 p l l 11 18 Al l . o t h e r _ ' j p66 75 64 p55 61 55

Fac tory employment p55

T o t a l j V p l 6 0 . 4 160.9 17* .6 p l 5 9 . 9 160.1 174.0 Durable goods ( p 2 l 6 . 1 216.3 241.5 p215.6 215.9 240.9 Nondurable gooda p l l 6 . 5 117.2 121.9 p l l 5 . 9 116.0 121.3

Fac tory p a y r o l l s p l l 5 . 9

T o t a l » 330.3 344.7 Durdblo goods * 454.2 487.3 Nondurable goods- * 209.2 205.3

F re igh t ea r load ings [ .139 143 r l42 . ISO 132 133

Department s t o r e s a l e s , va lue p211 200 175 p i 71 156 142

Department s t o r e s tocks . i value * ' 147 154 * 132 147

.Note . - •Produot lon , | e a r l o a d i n g s , and department s t o r e s a l e s indexes board on d a i l y , ave rages . To co t ivcr t .durable manufac tures , nondurable manufac tures , and mine ra l s 1 Indexes t o poin t# l a t o t a l index* shows t o Federa l Reserve Chart Book# m u l t i p l y

durab le by .879,; nondurable by $469, and minera l s by .162 . Cons t ruc t ion c o n t r a c t indexes based on 3*»onth moving averages , centered a t

, second month, of; F . W* Dodgo da t a f o r 37 Eas t e rn S t a t e s . To convert indexes t o valitp f i g u r e s , shown i n t h e Federa l . Reserve Chart Book, m u l t i p l y t o t a l by $110,269,000, r e s i d e n t i a l by #164,157,000, and a l l o the r by $826,132 ,000. . ~- -8mploy»e$* ifide*# wi thout seasona l adjustment* and payrol l ' s index compiled by Bureau of Labor S t a t i s t i c s . Tijcujx^s wcro r rv i s^d beginning Jenunry 1042,

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INDUSTRIAL PRODUCTION (1935-59 average • 100),

Adjusted f o r 1 • Without, @e&aawl v a r i a t i o n seasonal adjustment

1945 1944 1945 1944 1 3*n« . FeU. Feb* § JAQ« #eti«

MANUFACTURES ' !

Iron and s t e e l p203 ,197 212 p203 197 212 - Pig iron * 188 207 188 207

Stee l 327 . 219 238 227 219 236 0p6n hearth , - 180 176 188 180 176 188 E l e c t r i c - « 55a 625 578 559 523 578

Machinery p434 430 *458 p454 430 , 468 Transportation equipment p 701 ! 70S 746 p701 705. 746

Automobiles p236 238 238 p236 235 238 Nonferrous metals and products * 240 • 285 * 240 285

Smelting and ref ining * 187 299 * 187 299 Lumber and products pl24 126 131 p l l 4 113 122

Lumber p l l 4 118 122 p99 99 107 Furniture pl43 - 142 150 p l45 142 150

Stone# clay, and g lass products pl65 166 168 pl58 160. 161 Plate g lass 56 S 60 58 56 60 68 Cement * 87 88 * . 71 67 Clay products pl21 125 131 p l lS . 116 125 Gypsum and p las ter products j>185 182 198 p i 76 176 191 Abrasive arid asbestos products p307 303 312 p307 303 312

Text i les and products pl53 150 152 p l53 .160. 152 Cotton consumption 152 145 151 152 145 151 Rayon de l i ver i e s 215 215 187 215 . 215 . 187 Wool t e x t i l e s * 147 159 * 147 159

Leather products * * i 115 111 - # 11S_ 114 Tanning $ 112 105 * 112 113

Cattle hide leathers * 134 110 * 126 119 Calf and kip leathers * 85 76 • * .. 83 79 Goat and kid leathers / * 68 84 • 68 88 Sheep and lamb leathers - m 153 161 * 143 177

Shoes * ' p l !6 114 * p l l 6 114 Manufactured food products plB6: 156 158 pl40 143 143

Wheat f lour , * pl31 - 1 3 0 . . 125 pl32 130 127 Meatpacking pl41 146 215 pJ35 • 171- • -. 207 Other manufactured foods pl64 165 157 . p l47 148 " f 142 Processed f r u i t s and vegetables pl62 163 140 pl02 , 106 89

Tobacco products * ' 128 119 * 125 114 Cigars • * 101 92 * 101 92 Cigarettes , 147 145 . » 147 136 Other tobacco products * 95 79 . * 93 77

. i gfita not ye t a v a i l a b l e .

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i I

IHSITRIAL PRODUCTION (1935*39 average = 100)

3.

Adjusted tor Without seasonal v a r i a t i o n seasona l adjustment

1945 1944 1945 1944 Feb. ! J a n . Feb. Feb. I J a n . Feb.

lANUFACTURES (Con t ' d . )

Paper and products * 136 138 * 136 139 Paperboard 152 153 148 152 153 148 Newsprint p roduc t ion * 76 74 * 76 74

P r i n t i n g and pub l i sh ing pl02 102 102 plOl 99 101 Newsprint consumption 84 85 85 83 79 83

Petroleum fend oo&l products * 270 230 # 270 230 Petroleum r e f i n i n g . * 286 238 * 266 238

Gasol ine pl46 143 128 pl46 143 128 Fuel o i l * 171 161 * 171 161

.Lub r i ca t i ng o i l * 129 126 * 129 124 Kerosene * 126 124 * 126 130

Coke * 167 176 * 167 176 Byproduct * 162 166 * 162 166 Beehive p377 333 503 p377 333 503

Chemicals p318 316 359 p319 315 360 Rayon *245 244 229 p245 244 229 I n d u s t r i a l chemicals p397 396 406 p397 396 406

Rubber p245 246 244 p245 245 244

MINERALS

Fuels p l47 145 145 pl47 145 145 Bituminous coa l p l50 151 162 pl50 151 162 A n t h r a c i t e p l l 2 96 143 p l l 2 96 143 Crudo petroleum pl4S 118 139 pl49 148 139

Metals •m 111 127 * 67 85 Iron ore 65 63 72

p—Preliminary or estimated# * Data not ye t a v a i l a b l e *

FREIGHT CARLOADINGS (1935-39 average = 100)

Coal 139 141 r l 4 8 139 111 r l 4 8 Coke 178 176 180 188 185 191 Grain 119 128 148 117 128 145 Lives tock 121 120 135 97 115 108 Fores t products 133 142 146 128 * 128 140 Ore 168 161 193 42 40 48 Miscel laneous 152 157 117 142 143 138 Merchandise# l . c . l . 66 66 67 64 63 64

rwRo vised# Hote#~To convert coa l and miscellaneous indexes t o p o i n t s i n t o t a l index# shown in

t h e Federa l He servo Chart Book, m u l t i p l y coal by .213 and miscellaneous by •548#

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