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cA-v^,/v'f RES£/^ L I B R A J?|E R A L RE S E RVE BOARv BOARD August 9, 1935 R&S r t p - 12S For release in. morning papers Tuesday, August 13 DEPARTMENT STORE SALES IN JULY 1935 Preliminary report The Federal Reserve Board's seasonally adjusted index of department store sales remained unchanged in July at 80 percent of the 1923-25 average, r e f l e c t i n g a decline in sales from June to July of the usual seasonal amount. Aggregate d o l l a r volume of sales during the month of July was larger than a year ago by l4 percent, and on a daily average basis the increase was 9 percent. The aggregate f o r the f i r s t seven months of t h i s year was 3 percent larger than f o r the corresponding period l a s t y e a r . PERCENTAGE CHANGE FROM A YEAR AGO July* January 1 to July 31* Number of reporting stores Number of cities +l4 +3 522 256 Boston New York Philadelphia Cleveland + 8 +10 +10 +l4 - 2 - 1 0 + 2 53 54 29 33 26 29 13 13 Richmond Atlanta Chicago S t . Louis +16 +18 +16 +17 + + + + 6 4 6 1 56 35 53 36 27 22 29 21 Minneapolis Kansas City Dallas San Francisco +l6 +l4 +15 +18 + 5 + 5 + 6 +10 39 18 25 91 20 13 11 32 Total Federal Reserve d i s t r i c t s : * July f i g u r e s preliminary; in most c i t i e s the month had one more "business day t h i s year than l a s t year.
@FedFRASER