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r t FEDERAL RESERVE BOARD November 9» 1932 r&s r t p r 95 For r e l e a s e i n morning papers F r i d a y , November 11, DEPARTMENT STORE SALES IN OCTOBER, 1932 Preliminary r e p o r t Preliminary f i g u r e s on t h e value of department s t o r e s a l e s show an i n c r e a s e from September t o October of about t h e estimated seasonal amount. The Federal Reserve Board's index, which makes allowance both f o r number of business days and f o r usual seasonal changes, was JO in October on t h e b a s i s of the 1923-1925 average as 100, compared with JO i n September and 66 i n August. In comparison with a year ago t h e value of s a l e s f o r October, according t o the p r e l i m i n a r y f i g u r e s , was 21 per cent smaller; when allowance i s made f o r t h e f a c t t h a t t h e r e was one l e s s b u s i n e s s day i n October t h i s year than l a s t the dec l i n e i s IS per c e n t . The aggregate f o r t h e f i r s t t e n months of t h e year was 23 per cent smaller than f o r t h e corresponding p e r i o d of 1931* PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO October* Total - 21 Number of reporting stores Number of cities 23 569 23S 21 21 21 27 100 59 4i 53 28 29 16 16 20 24 27 23 5% 33 61 21 22 19 36 9 20 22 25 24 19 29 17 82 12 l4 6 31 January 1 to October 11* - Federal r e s e r v e d i s t r i c t : Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco — — - — - - — 21 21 l6 26 21 23 24 22 17 20 15 22 - ex. mm - •— — * October f i g u r e s preliminary; i n most d i s t r i c t s t h e month had one l e s s b u s i ness day t h i s year than l a s t y e a r .