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BOyJiD 03', OOVERI-IORS oF Til£ FEDERAL .RESERVE SYST2*:

.

February 2, 1944
PAS rft - 20

Lu.TAIL FJRiIITUKE RE.ORT FOR DECEMBER 1343

Retell furniture store soles in Beceirber showed less then the
customary 'csr.scnsl expansion i * o r the comparatively high November level. Both
.r;.
cash . nd credit £ile.-j Increased less than is usual during the month but cash
sales continued in larger vlujr.e than a-yehr n^o'. Credit soles on instalment
ond choice accounts fell bo low the December 1342. levels. Instalment. silos "ccountod for slightly l/>ss then three—fifths of tvtnl st:les,. compared with about
fivo-vir,hths during the corresponding %onth'.n yocr ago.
Inventories doclinnd ab'cut 6 per cent during December and continued
approximately one quarter below the yenr-i£*o lovul. At the una
f the month
they * mounted tc : three norths*
•
>
supply -A th.?: current rate o f sale, compared
with "bout three r i d one-half months' supply -it t h e end of the corresponding,
-:
month o year ago.
Instr.ir.orrt accounts rocAivnbie .-t the end of December rose slightly
from th? November lovo! ?,ut vwrs in vonsi'dorably• smsllt-r volume thin at the end
of December 1042. The rstio of colle ctLon:= during December t: instalment accounts outstanding on the first 'f the month wr.s 22 per cent, four points above
t: at for December of too previous year.'
These accounts ore now collected in
about oirht months, c m p n r c d oith on overi^e collection period of ton months a
yeara^.

Furniture St or v Statistics for December • 1043
j

Percentage :c"i- i%e fr:m:
Doc. 1342 to
l.'ov. 194? to
>.c. 1943
Dec. 1943
Met -solos
Total
Credit sole3:

instalment
Charge ".-.•count
Accounts receivable, at end of o n t o
Totcl
'
Inst olment
Collection.** during r. 5nth
Total
Instclmurvt
Inventories, end
of Kor.th* at retail value




- 8"
+ i
:
-11"

-29
-?8
-1.5
-16
-24

*16
+35
* 3
*14

'

.

+ ,2
* R
- 2
- 3
- 8

-

2

-

F.3TAIL F d P N I T U H E S T O R E S - D e c e m b e r 1943
S a l e s anrt I n v e n t o r i e s

Total
Fo-iernl R e s e r v e
Dis t r i c t

-

net sr-lec

Cr.sh

Percent?-e
trosi:
Sov.
134Z

Doc.
I94f:

-12
-11
- h

+ 9
' " •+ 3

0
- 6
+ 5

If

.

' 5
- 5

I
!

757

;T -store-2

' At

+ 16
7 67

-

i
|

Dec.
1942

Nov.
1343

-15
-It
- 5
-11;
-n
- e

- 1
+ I
+1%
+11
+ 1"
+ 2

-19
-30
-IP
-SO

- 7
- 8
- 8
- 7
_ -10
_

"

•5£
+ 53

+u

!

5

1

* *

j

>

/

Percent ::-/e
fro n:

N ov.
1942

;

+??
+r.4
+ 44

•

-21
-44
-11
-L'7
-2'0
-25
--5
-3.6.

•?

-17
* 3+ 31 + 19
j

1

1942

+05
+ 14

2
-if)

Inventories,
•end of-nonth

P«rc»nt:ige
chnnsii "rem:

1945

T

+ 13
+ 7

-11
-if;
- 6
-14
- 9
-11
- 5

••'3 "
• "3 '
+ fo
+ 31

-17
- 6
-16

+

+ : :•
-

-IS

+ 10

-24

- 8

-Oz

• Ot

504.

r'.o:

^

.
A-rcountr,

.^ ;w Yr,rV
. .
: 1
J •ri'- •
' ir - .
.
'
r;
?.'i
1
At] • r l '
.-.

L w M , - t-nd Cvl! utt.i * - «
•.

A C T . unfcs recoi-ij -lR, . ^ T U. Tit'
f
T.tal
:r.3t:l-,L%t
c r i: ntn^.j
-OCnt-*=?
c r.nrG frrrr:
fr.:.::
i'ric.
Lr-c.
i *7cv.
13^
13!
^s=E
I94r

Liat-l-t

!|

-.71

;

->

i

~7i

- 1

i

+

+ r
+ L

' f nt T * .;
. v

:

;

' 1




7' '
•

- • •'
•

;'
•

t

i
i

+ r

from:
::: v.

-1"
-l':

- 7
- •
-

-18
-17
-LI

•

- 2

-'1
- 8

- i
+ 7

-?G

i
+

+

'

!

; '

-

- •
•
^ r
; -• ••

'

- -

!

1

1

- "
; -,v

j

|

-

|
rs.:

-".j
- i,
r
™

rev

|
.i

- 5
"

0

•

|

* r
• *

:-:trcvnt:>.i.-e
from:
tec.
i9--«:

W
i-v-O.

+ C/

+

- 4

: c. U;., tv..- .
iuring z o n t h
;
Vr. ; j.
I::st.:ln-vnt

-.'1

-

rt.
u.tj
'' I"'' " 7 % :3
K,;/.'
-?y
1/ jl-%".
^ ..
.
= CC';.

r-r'ir
'.-ro

tj-.le;

Doc.

0

*10
+ 5.0
+52
+22
••Pi
+ 11
+ 3
+25

- 8

' U. S. T(.t:l
Nurir-vr

' +19
+1?

-11
-1-2
5
- 5
-lo
- 8

Credit

Parcent-igo
ch-\n°' fro.n:

J-OC .
134%
Post or
Hc-% Y o r k
:-i 11".ad .•hi*1.
vJ.velcnu
r'.vh~:-?r£
•At VtlLc
C M c;eo
'.CM. inner p ='.is
K 7-,C\S ' ? 7
.
T - 11 ~
.
3 - v Frrnclsco

s^les

-

!

- 1
+ *6
-:->7
- b

-1r:

- %••

-18

- 3

r'35