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^BOi&F^DF'&Q ORS OF THE FEDERAL RESERVE SYSTEM November 8, 1939 R&S r t p - 179 For r e l e a s e i n evening papers Thursday,, November 9// ;VS STORE SALES IN OCTOBER 1939 P r e l i m i n a r y Report Department s t o r e s a l e s in October showed s l i g h t l y l e s s t h a n t h e u s u a l seasonal i n c r e a s e from t h e advanced September l e v e l , and t h e Board's a d j u s t e d index declined from 91 t o 90. The index i s shown below f o r t h e l a s t t h r e e months and f o r October 1938• Oct. Index of department s t o r e s a l e s 1923-1925 average = 100 Adjusted f o r s e a s o n a l v a r i a t i o n Without seasonal adjustment / 1939 Sept, 90 99 91 97 Aug. 1938 Oct * 89 69 84 92 Sales in October were 6 per cent l a r g e r t h a n in October 1938, and t h e t o t a l f o r t h e f i r s t t e n months of t h e year was 5 per cent above l a s t year* REPORT BY FEDERAL RESERVE DISTRICTS Percentage change Number Number from a year ago of s t o r e s of c i t i e s October* Ten months r e p o r t i n g included +6 +6 551 248 Boston New York Philadelphia Cleveland 0 +4 +4 +13 +3 +1 +6 +7 51 55 30 31 31 28 12 11 Richmond Atlanta Chicago S t . Louis +4 +8 +12 +5 +4 +9 +7 +6 57 26 92 32 27 17 32 15 +6 -1 +4 +4 +4 +1 +1 +4 36 24 19 98 18 16 9 32 Total F e d e r a l Reserve d i s t r i c t s : Minneapolis Kansas C i t y Dallas San F r a n c i s c o * October f i g u r e s p r e l i m i n a r y ; in most c i t i e s t h e month had t h e same number of b u s i n e s s days t h i s year and l a s t y e a r , but in October t h i s y e a r t h e r e were f o u r Saturdays as compared w i t h f i v e a year ago.
@FedFRASER