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1927 - 28
ESbS HDI - 34
FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS
For r e l e a s e i n morning p a p e r s ,
Monday 9 October 10, 1927
R e t a i l Trade in the United S t a t e s i n September, 1927.
Sales of 551 department s t o r e s r e p o r t i n g t o the Federal r e s e r v e system
were in about the same volume i n September a s a y e a r ago. Sales of two mail
order houses averaged 8 p e r cent l a r g e r than in September of 1926 and those of
e i g h t f i v e - a n d - 1 e n - o e n t s t o r e s were about 11 p e r cent l a r g e r .
While f o r the country a s a whole s a l e s of department s t o r e s wore in
about the same volume a s i n September of l a s t y e a r , they were l a r g e r i n the
Boston, Now York, A t l a n t a and San Francisco Foderal r e s e r v e d i s t r i c t s , in
the P h i l a d e l p h i a , Cleveland, Richmond; S t . Louis, Kansas City and D a l l a s
Federal r e s e r v e d i s t r i c t s s a l e s woro s m a l l e r , while i n the Chicago and Minnea p o l i s d i s t r i c t s they were in about the same volume a s in September of l a s t
y o a r . Of the t o t a l number of s t o r e s (551) r e p o r t i n g f o r the country as a
whole 250 showed l a r g e r s a l e s and 301 showed smallor s a l e s than a yoar ago.
Percentage changes in d o l l a r s a l e s between September, 1926, and September, 1927, and the number of s t o r e s r e p o r t i n g aro given in the following
tablo:
Federal
Re servo
District
Boston
How York
Philadelphia
ClovolancL
.Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
©alias
San Francisco
Total

: Percentage of increase or do-:
Rumber of s t o r e s
: crease i n s a l e s - Sept. ,1927 : Total
: Number r e p o r t i n g
; compared w i t h September.1926 : r e p o r t i n g ; Increase ^Decrease
+
+

—

+
*

+

—

—
+

2.8
2.5
4.1
2.2
0.5
3.0
0.1
8.8
0.3
1.1
3.2
2.0

84
53
91
51
48
24
59
19
11
31
18
62

51
23
40
22
21
16
12
7
3
11
13
31

3
30
51
29
27
8
47
12
8
20
5
31

0.1

551

250

301

Mail order housos
+ 8.1
Fivo-and-ton-cont s t o r e s +10.8




(2 houses)
(8 chains)