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For release in morning papers, -ednesday, December 24, 1947

G.12.3

BOSIKBSS INDEXES

1959 average 100 for factory employment and payrolls; 1923-25 average * 100 for construction contracts;

1935-39 average 100 for a l l other ser ies .

Adjusted for seasonal variation

Without seasonal adjustment

1947 1946 J S I 1S46 aov 1 Oct. Kov. Kov. Oct. | r'ov.

Industrial production 183 total P192 190 103 pl92 193 183

Manufactures Total P196 197 191 P199 200 192 turable P225 223 214 p225 224 214 Nondurable P177 175 173 P176 180 174

Minerals pl 56 154 126 P155 158 135 Construction contracts. value

Total 184 139 ; * 175 125 Residential * 170 122 * 164 118 All other * 196 152 * 164 liO

Factory employment 156.5 151.5 156.9 152.0 Total / ' * 156.5 151.5 156.9 152.0

Durable goods * 180.7 176.4 * 180.8 176,7 Nondurable foods * 137.4 131.9 * . 138.1 132.5

Factory payrolls * 341.6 298.2 Total - * 341.6 298.2

Durable goods - * 579.6 531.1 Kendurable [-cods - * 304.5 266,0

Freight carloadings 147 145 137 150 156 i4 i

Department store sa les . value 300 275 271 372 298 336

Department store stocks , value * 252 256 * 283 277

LESS DEC 2 41947

pPreliMnary *L&ta not yet available# MotesProduction# carloadings, and department store sale# indexes based on daily

averages# To convert titrable 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 #1$2#

Construction contract indexes based on 3~month moving averages, centered a t second month# of F# II# Dodge data for 57 Eastern States To convert indexes to value figures, shown in Federal Reserve Chart Book# multiply total by 1410,869,000, residential by $18!+,137,000 and a l l other by $226,122,000,

Employment index, without seasonal adjustment, and payrolls index ooapiled by Bureau of Labor Stat is t ics

(12s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B'EUSTRIAL PROLtK TlOti (1935-39 average 100)

2 ,

Adjusted for Without seasonal variation seasonal adjustment

m ? ' 1%6 1947 1 l'yli 6 Nov. . | Oct. Hov. Kov. | Got.j Nov.

MAKUFAC TUBES Iron and steel p202 20U 178 p202 20k 178

Pig iron * 198 nk * 198 174 Steel 222 22k 193 222 22k 193

Open hearth 162 18U 163 182 18U Electric 508 509 508 509

Lachioery p282 280 271 p282 280 271 Transportation equipment p238 233 235 ?238 233 235

Automobiles ( inol . parts) p200 198 187 p200 198 187 Honferrous metals and products * 179 192 * 179 192

Smelting and refining pl7k 175 175 j P175 175 176 Lumber and products pli*9 ll*3 1U2 piM 150 139

Lumber Pi 35 128 135 Pl3i 138 131 FUrniture pl 76 172 157 p!76 172 157

Stone, clay and glass products p201 201 202 p206 211 207 Plate glass 1U3 156 152 li+3 156 - 152 Cement * nk 162 * 202 175

Clay products Pl65 161 150 Pl71 170 155 Gypsum and plaster products P231 230 215 P235 236 219 Abrasive and asbestos products P223 225 252 P223 225 252

Textiles and products Pl7i 16U 174 Pl71 16k 17k Cotton consumption 149 139 16L 11*9 139 lOi Rayon deliveries 291 280 256 291 280 256 Lool t ex t i l e s * 168 181 * 168 181

Leather products * 126 121 * 125 123 tanning * 123 110 * 122 Ilk

Cattle hide leather * 136 121 * 137 126 Calf and kip leathers * 9U 91 * 96 9k Goat and kid leathers * 100 70 * 100 68 Sheep and lamb leathers * 112 137 * 112 145

Shoes * P127 129 * pl27 ' 129 Isanufactured food products P158 15k 156 pl6o 165 158

Y.heat flour plW P139 145 pi50 plitf 146 Meatpacking P173 lU2 163 P192 i a 181 Other manufactured foods P159 159 160 pl66 176 166

Processed frui t s and vege-P159 pl66

tables P135 133 160 pl2U 171 147

p-Pre! iminary. ' +Cata noF yet available

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

INDUSTRIAL PROLUCTIOK (1935-39 average 100)

3.

Adjusted tor ~ seasonal varietriw

Without . seasonal adjustment

1947 '1%6 W ! i9Lb KOVe | iiov. I Oct# j iCV,

(cont^d.) 11 J . | > I I

\

Paper and products 161 155 * 161 153 paperboard 186 164 175 186 iau 175 Kev/sprint production. * 91 84 * 91 65 :

Print ing and publishing P151 152 130 pl57 155 135 4 Newspring 'consumption 137 , 158 : 118 149 115 : 129

petroleum and coal products * * P177 $ * P177 Gasoline Pl6l 162 ike Pl6l 162 1ba-Coke * 177 152 S 177 l sa

Byproduct * 169 1JU8 * 169 146 Beehive1 r * p430 m f 272 p430 ii48 272

Chemicals ' p249 21*8 2U3 p251 250 - 2W : Rayon . ; P29U 2S4 261 p29U 294 26l Industr ia l chemicals pl426 425 1+11 pL26 425 4 l l -"

Rubber products p226 223 21+3 p226 2*3 243 MINERALS

Fuels pl64 162 140 pl 64 162 11*0 Bituminous coal pl69 16? 116 pl69 163 116 Anthracite Pll9 126 123 pl 19 126 123 Crude petroleum Pl66 P166 150 pl66 pl66 150

Metals * 107 117 * 132 105 Iron ore * 257 nh

FREIGHT CaRIOAIJIKGS (1955-39 average '* 100)

Coal 160 156 117 160 156 117 Coke 195 192 166 195 188 166 Grain 145 152 147 142 152 144 Livestock 105 104 i ; 6 133 161 171 Forest products 150 147 151 147 .155 143 Ore 163 163 157 - 163. 235 166 Miscellaneous 151 149 148 . 158 163 154 Merchandise, l * c . l . 75 75 r82 77 78 84

p-Freliminary. rRevised. * Lata not yet available.

Bote;To convert coal and miscellaneous indexes to points in total index, shown in federal Reserve Chart Book, multiply coal by .213 and Miscellaneous by .548.

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