BCUUKD OF GOlG&uiORS (IP TIB FEDERAL KE62LV2 ISYSTSI&L

Released for publication Friday ^ornin, , Septtt^er 10

:3 SECTION SI P 1941

R&B BI - 205 September 16, 1941

BUSINESS EXES

19^6-36 average 100 for industrial production and fre ight-car loadings; IS25-26 average 100 for a l l other ser ies

Adjusted for seasonal variat ion

Without seasonal adjustment

1941 1940 1941 1B40 Aug* I July Aug. Aug, # ( July Aug.

Industrial procuration Total pl61 160 124 plS2 ICS 124 Manufactures

Total p ise 165 126 plS? 164 125 Durable pEOl 199 143 p201 197 139 Nondurable plS 7 138 112 pl40 138 114

Minerals pl32 130 113 plS4 130 117 Construction contracts , value

Total olvv 139 90 p l S ' 153 94 Residential pi2r 117 62 r i - 2 116 81 Al l other pi;r 157 96 p i ' . 181 106

Factory employment Total * 133.3 107.4 * 130.6 107.4 Durable ^cods * 141*0 104*3 * 137.3 102.4 Nondurable goods 126.1 110*2 * 125.7 112.2

Factory payrolls Total # # . * 152.8 1^5.5 Durable goods * e . * 172*6 10f .5 Nondurable goods .. . * 130.S 1 4.4

Freight-ear loadings 139 138 112 140 138 113

Department store s a l e s . value pl33 115 98 plOG 79 77

Department store stocks , value * 61 69 * 73 66

pPreliminary. * Data not yet ava i lab le . Bote:--Production, carloadings, and department store sa les indexes based on dai ly

averages* To convert durable manufactures, nondurable manufactures, arid minerals Indexes to points in to ta 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 for 37 Eastern s t a t e s . To convcrt indexes to 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, res ident ia 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 Digitized for FRASER http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

H'DUSTRLfvL PRODUCTIOlf (1S2S-39 average = 100)

Adjusted for Without seasonal variation seasonal adjustment

1941 1S40 1941 1940 Aug, 1 Aug, ' 1 Aug/

MAJ^ JFACTUHES Iron and s t e e l 185 185 163 185 185 158

Fig iron 182 181 162 1C2 181 161 Steel 198 197 166 193 107 161

Open hearth & Bessemer 172 174 169 172 174 154 Elec tr ic 382 566 239 CH2 366 212

Machinery d225 216 138 p225 216 135 Tr* nsportation equipment p252 257 149 p:z2 230 122

Aircraft pl207 1003 460 pl207 1003 460 Automobiles

pl207

Bodies, parts , & assembly pl46 171 121 pl24 137 91 Factory sa les plOl 164 71 p50 134 23

Bailroad ears p258 234 127 p28 234 130 Locomotives p366 342 123 p5C6 342 124 Shipbuilding p542 469 213 p642 459 202

Nonferrous metals and products pl8o 169 137 pl66 189 133 Copper sr$eltinr p!35 181 133 pl35 131 127 Copper de l iver i e s p221 234 .14 p221 234 133 Zinc smelting 175 173 i4 0 176 173 133 * in consunption ICS 117 154 115

Lwer and products pl41 141 114 pl-2 144 123 Lumber pisa 131 113 pUO 142 126 Furniture plSl 161 116 pise 149 118

Stone, c lay , and g lass products pl50 161 119 p!69 166 133 Polished plate g lass u? 146 114 109 96 93

Text i les and products pl&4 156 113 pi 3 155 111 Cotton consmnption 160 162 124 160 162 114 Rayon de l iver ies pi 70 173 127 pi 70 173 137 Si lk de l iver ies pE7 78 61 p51 70 57 %ool t e x t i l e s plC4 167 106 pl64 157 109

Leather and products T)121 pl27 07 pl26 pl23 104 Shoes nl20 131 101 pl?6 127 114

J&mufactured food products pi 28 126 114 p.148 SJi

138 131 Wheat f lour SC 103 99

p.148 SJi 102 100

Meat packing pl35 126 119 p l l 6 119 102 Other &amiftietured foods pl29 128 116 pi 62 137 IcG

Paper and products * 147 124 140 123 Paperboard 161 170 121 163 161 123

Printing and oublishine $ 126 110 115 102 pPreIteimry or estimated# + Data not yet ava i lab le .

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

INDUSTRIAL PRODUCTION (lS3b-29 average 100)

Adjusted f o r Without seasonal variation seasonal adjustment

1941 1940 1941 1940 Aug. 1 July Aug* Aug . I July Aug*

KAKUF^ CrjREo (Cont'd) Petroleum and coal products * pl23 113 * pl 29

Petroleum ref ining # pl24 109 * pl25 110 Gasoline * 123 109 * 127 112 Fuel o i l * pi 23 l i e * pl21 114 Lubricating o i l * 133 98 * 131 97 Kerosene * 108 111 * 103 107

Beehive coke p452 42S 263 p4E2 429 210 Chemicals pl4S 145 115 pl43 138 112 Rubber products pl51 . 153 116 pl31 153 115

Rubber consumption 132 156 116 132 156 116

:^&&ALS Fuels pl29 127 112 pl26 121 109

Bituminous coal pl47 146 121 plSS 128 111 Anthracite pi 62 137 115 pi 20 107 65 Crude petroleum pl lS 119 108 pi 22 119 111

Metals p!48 14S 123 ol67 186 164 Iron ore 203 207 159 325 344 308 Copper pl67 158 139 plE3 146 135 Lead * 114 114 * 110 114 Gold * 106 93 * 113 100 Silver e 139 68 $ 129 91

pPre!imin&ry or estimated* * Data not yet available* '

FBBIOKT-CAR LOADINGS (1935-59 average = 100)

Coal 168 150 124 139 127 109 Coke 19& 200 162 167 172 136 Grain 103 112 96 125 163 117 Livestock 84 83 96 60 70 91 Forest products 152 149 115 160 149 rl20 Ore 155 156 139 271 283 244 Miscellaneous 141 140 110 141 139 110 Merchandise, 1*e *1 * 59 100 95 99 99 96

r ~ Revised Hote:~Io convert coal and miscellaneous indexes t o points in t o t a l index, Multiply

coal by *213 and miscellaneous by *5%6. Back f i gu re s nay be obtained upon r e -quest from the Division of Research and S t a t i s t i c s *

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