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1527 - 51 m s RTI - 35 FEDERAL For roloase in morning payors, Thursday, November 10, 1927, RESERVE BOARD STATEMENT FOR THE PRESS R e t a i l Trade/ in the United S t a t e s in October, 1927. Sales in October of 561 department s t o r o s r e p o r t i n g to the Federal reserve system were 3 p e r cent smaller than in October of l a s t y e a r . Sales of two mail or dor house s and e i g h t f i v o - a n d - t o n cent chain s t o r o s woro about 8 p e r cent l a r g e r . Reports from department s t o r o s by Federal r e s e r v e d i s t r i c t s i n d i c a t e that the l a r g e s t d e c l i n e s i n s a l e s from a year ago woro i n the i n d u s t r i a l s e c t i o n s of tho country included in the Boston, New York, P h i l a d e l p h i a , Cleveland and Bidhtoond Federal r e s e r v e d i s t r i c t s . In tho S t . Louis and San Francisco d i s t r i c t s s a l e s woro s l i g h t l y l a r g e r and in the A t l a n t a and Minneapolis d i s t r i c t s they woro in about tho same volume a s a year ago. Of the t o t a l number of s t o r e s (561) r e p o r t i n g f o r the country a s a whole, 354 showed d e c l i n e s and 207 showed i n c r e a s e s . Porcontago changes in d S l l a r s a l e s between Octobor, 1926, and October, 1927, and the number of s t o r o s r e p o r t i n g are given in the following t a b l e : Federal Ro servo District : Percentage of increase or do-: Number of s t o r e s j croaso in s a l e s - Oct. , 1927 : Total : Numbor r e p o r t i n g : compared w i t h Octobor. 1926 : r e p o r t i n g : Increase :Decrease Boston New York Philadelphia Cleveland Richmond ATlanta Chicago S t , Louis Minneapolis Kansas City Dallas San Fra: .cisoo Tote. J. — - — - + - + 3.8 4.3 8.0 4.4 4.2 0.2 1.7 1.8 0.4 2.2 3.2 0.6 •82 55 84 53 49 33 55 19 15 26 18 72 37 13 • 19 14 '12 16 14 10 6 10 11 45 3.3 561 207 Mail order houses + 8.2 Five'-and-ton-cent s t o r e s * 8.9 (2 houses) (8 chains} 45 42 65 39 37 17 41 9 9 16 7 27 354 . . m
@FedFRASER