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0AL REsJ^n^ c \ 1 <a- LIBRARY ' x ^ ^-" y ) I I D I E A l RESERVE BOARD B O A R D _ / — A p r i l 10, 1935 R & S r t p - 124 For r e l e a s e i n morning p a p e r s Satarctay, A p r i l 13 DEPARTMENT STORE SALES IN MARCH 1$35 Preliminary report Department s t o r e s a l e s i n c r e a s e d from February t o March by c o n s i d e r a b l y more t h a n t h e e s t i m a t e d s e a s o n a l amount. The F e d e r a l Reserve B o a r d ' s index, which makes allowance f o r d i f f e r e n c e s i n t h e number of b u s i n e s s days, f o r u s u a l s e a s o n a l movements, and f o r changes i n t h e d a t e of E a s t e r , was SO i n March, on t h e b a s i s of t h e 1923-25 a v e r a g e a s 100, compared w i t h 75 i- n February and J2 i n J a n u a r y , S a l e s i n March were s m a l l e r t h a n a y e a r ago by 8 p e r c e n t , r e f l e c t i n g t h e i n f l u e n c e of t h e l a t e r d a t e of E a s t e r t h i s y e a r and a l s o of t h e s m a l l e r number of working d a y s . PERCENTAGE CHANGE FROM A YEAR AGO March* Total January 1 to . March 31* - 8 0 -lb - 8 Number of reporting stores Number of cities 540 257 56 29 28 15 10 Federal Reserve d i s t r i c t s : Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o -13 -13 -10 - 6 - 4 - P4 + 1 ~ + 3 + 2 - 4 + 7 0 - 0 + 6 + 3 + 4 + 1 4 4 4 6 53 32 29 57 4i 66 3s 43 22 24 85 27 25 30 20 21 13 10 31 * March f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had one l e s s b u s i n e s s day t h i s year than l a s t y e a r .
@FedFRASER