"SBCPD m FILES SECTION

AUG 2 5 1942 BCUJu) OF GOVERNORS OF THE FEDERAL RESERVE SYSTEfci #

• ... K „| ^>V For release In morning papers '* B&S BI - 216 Monday, August 24, 1942 August 22, 1942

BUSFJESS HDBXSS

1935-?S average - 100 for Industrial production and freight-oar loadings; 1925-25 average « 100 for all other series

Adjusted for seasonal variation

Without seasonal adjustment

1942 1941 1942 1941 July f June July jMly I June July '

Industrial production Total pl80 176 ISO pl81 177 159 Manufactures

Total pl88 184 165 pl89 185 164 Durable p261 243 199 p253 245 rlS7 Nondurable pl36 136 138 pl37 13o 13d

Minerals pl33 133 131 pl33 132 rl31 Construction contracts, value

pl33

Total p208 193 139 p235 228 153 Residential p7? 76 115 p77 85 116 All othor p315 266 15V p363 Z46 182

Factory employment p363

Total * 139.9 135.3 * 139.1 130.6 Durable ̂ oods * 156.9 140.7 * 157.1 137.6 Nondurable goods 124.6 126.3 * 122,0 123.9

Factory payrolls Total # * # * • • 197.7 152.7 Durable goods * # * * * 243.3 172.2 Sonduraole goods ' # 146.6 130.7

Freight-car loadings 142 141 136 142 139 138

Department store sales. value 117 104 115 81 100 79

Department store stocks, , value # pl34 82 . * pi 28 73

p—Preliminary or estimated. r—Revised. * Data not yet available. Motei—Production, oarloadings, and department store sales indexes based on daily

averages, To convert durable manufactures, nondurable manufactures, and minerals indexes to points in total index, shown in Federal Reserve Chart Book, multiply durable by .375, nondurable by .t69, and minerals by .162. ,

Construction contract indexes based <m 3-month moving averages, centered at second nonth, of F. W. Dodge data for 57 Eastern States. To convert indexes to , value figures, shown in the Federal Reserve Chart Book, multiply total by $410,-269,000, residential by #164,137,000, and all other by $226,132,000.

Employment index, without seasonal adjustment, and payrolls index compiled by Bureau of Labor Statistics.

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

2.

INDUSTRIAL PHGOJCTICK (1935-39 average .* 100)

• 'Ad3Wited for— ' n* • I Without seasonal initiation seasonal adjustment

:- 1942 -1S41 1942 i 1941 July t June . • -July 1 Jirne 1 Julr

MANUFACTURES - *

Steel 221 21E 196 221 215 196 Open hearth end Bessemer 179 177 173 179 177 173 Sleotric 519 485 358 . 519 485 358

Machinery p292 285 216 p292 285 216 Transportat ion equipment p423 397 255 p423 £97 229 Nohferrous metale and products pi 92 187 192 pi 91 187 191 Lumber and products pl36 132 141 pl39 139 144

Lumber plSO 127 131 pl40 138 142 Furniture pl47 144 161 pl37 140 149

Stone, clay, and glass product* pl42 186 151 pi 60 160 165 Cement 160 145 143 136 133 177 Polished plate glass 49 37 146 32 37 36

Textiles and products pl51 153 155 pl51 153 155 Cotton consumption 166 169 182 166 169 162 Rayon deliveries 168 169 173 166 169 173 Wool textiles $ 151 157 $ 151 167

Leather products pll9 125 130 pll5 114 126 Tanning * 120 125 * 116 120 Cattle hide leathers * 142 137 * 134 128 Calf and kip leathers * 87 93 m 80 102 Goat and kid leathers .' • 90 116 * 90 115

Shoes pile 128 134 pll5 112 130 Manufactured food products pl41 139 126 p!64 140 137

llheat flour 106 102 103 105 95 102 Meatpacking pl43 153 125 p!36 149 119 Other manufactured foods pl45 141 128 pl55 134 137

Tobacco products 121 122 114 131 ._T32 123 Cigars 109 112 106 113 120 111 Cigarettes 136 136 123 153 150 138 Manufactured tobacco & snuff 89 94 97 91 96 99

Paper and products » • 134 146 * 133 139 Paparboard 115 120 162 109 120 154 newsprint production * 103 112 * 104 109

Printing and publishing pl07 103 127 p96 103 116 Newsprint consumption r 103 97 106 90 * 98 92

p—Preliminary or estimated. * Data riot yet.available.

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

INDUSTRIAL PRODUCTION (1935*59 average.« 100)

Adjusieti'for " ' I Without - - .. -

i

!

i [ seasonal adjustment

1 6 4 ? ; . " 1541 1942 1941 JWLy 1 June . July i 1 Juiy 1 June July

MANUFACTURES (Cont'd)

Petroleum and coal products • 114 128 * 115 129 Petroleum refining * 107 124 • 108 125

Gasoline pios 99 123 pl06 101 127 Fuel oil • 125 124 • 123 122 Lubricating oil * 125 135 * 125 151 Kerosene * 99 108 * 97 105

Coke 162 164 rl55 162 164 rl55 Byproduct 155 154 146 155 154 146 Beehive 477 . 509 r462 477 509 r452

Chemicals pl70 171 146 pl64 165 159

MINERALS

Fuels pi 29 128 rl28 pl21 121 121 Bituminous coal plSO 168 rl48 pl41 144 rlSO Anthracite ' pl56 127 rl42 pi 22 117 rill Crude petroleum pllS 113 119 pi 15 115 119

Metals pl59 159 151 pl99 195 184 Iron ore 240 255 205 404 581 544

p»~Preliminary or estimated* r—Revised. • Data not yet available<

FREIGHT-CAR LOADINGS (1935-59 average » 100)

Coal 155 ISO 150 132 155 127 Coke 205 199 200 177 179 172 Grain 95 113 112 153 111 165 Livestock 90 105 83 76 81 70 Forest products 172 169 rl48 173 165 149 Ore 180 185 156 525 518 285 Miscellaneous 149 144 140 148 145 159 Merchandise, 1.c,1. 57 30 100 57 60 99

r—Revised, '' ' "" : " Note:—To convert coal and miscellaneous Indexes to points in total index, shown in

the Federal Reserve Chart Book, multiply coal by .213 and miscellaneous by *648*

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