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"Z?3W.<. e„. FEDERAL RESERVE BOARD June g, 1932 r&s r t p - 90 For r e l e a s e i n morning papers Friday, June 10. DEPARTMENT STORE SALES IN MAY, 19J2 Preliminary Report Preliminary f i g u r e s on the value of department s t o r e s a l e s show a dec l i n e from April to May, contrary to the usual seasonal movement. The Fede r a l Reserve Board's index, which makes allowance both f o r number of business days and f o r usual seasonal changes was 74 i n May on the b a s i s of the 19231925 average as 100* compared with 80 i n April and 72 in March. In comparison with a year ago the value of s a l e s f o r May, according to the preliminary f i g u r e s , was 24 per cent smaller, e The aggregate f o r the f i r s t f i v e months of the year was 22 per cent smaller. / PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO May* Total January 1 to May 11* Number of reporting stores Number of cities -24 -22 510 218 Boston New York Philadelphia Cleveland -19 -23 -20 -26 -21 -20 -20 -25 98 48 38 31 29 26 18 15 Richmond Atlanta Chicago S t . Louis -18 -29 -24 -26 -18 -24 -26 -21 53 28 62 17 22 l4 30 10 Minneapolis Kansas City Dallas San Francisco -25 -28 -32 -29 -21 -22 -28 -23 16 29 15 75 8 16 5 25 Federal r e s e r v e d i s t r i c t : *May f i g u r e s preliminary; i n most d i s t r i c t s the month had the same number of business days t h i s year and l a s t y e a r .
@FedFRASER