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BOARD OF GOVERNORS -OF THE FEDERAL RESERVE STSTEII
G#l6

February 6 , 1952
RETAIL'"FURNITURE REPORT FOR DECEIBER 1951

Total s a l e s of f u r n i t u r e s t o r e s were up 25 per cent i n
December, a month during which sharp gains u s u a l l y occur. All types
of s a l e s shared i n the i n c r e a s e . However, only instalment s a l e s i n creased over a year ago. A 9 per cent gain i n these s a l e s from
December 195^ vzas s u f f i c i e n t t o o f f s e t decreases i n cash and chargeaccount s a l e s .
Instalment accounts r e c e i v a b l e increased 11 per cent from
the November l e v e l . Despite t h i s monthly g a i n , instalment balances
outstanding vrere 5 per cent below the year-ago l e v e l . Although the
d o l l a r amount of c o l l e c t i o n s on t h e s e accounts declined 3 per cent
i n December, the r a t i o of c o l l e c t i o n s t o accounts r e c e i v a b l e was
the same i n December as i n November.
The r e t a i l value of i n v e n t o r i e s declined s e a s o n a l l y i n
December t o a l e v e l 8 per cent below t h a t of the preceding monthend and 5 per cent below the year-ago f i g u r e . At the c u r r e n t r a t e
of s a l e s , stocks on hand were equivalent t o a- l i t t l e more than
t h r e e month*s supply, about the same as a year ago.

F u r n i t u r e S t o r e S t a t i s t i c s f o r December 1951
Percentage change from:
Dec. 19)0
Nov, 19Si
to
to
Dec. 1951 . Dec, 1951

Item

Net s a l e s
Total
Cash s a l e s
Credit sales:

Instalment
Charge account

Accounts r e c e i v a b l e , a t end of month
Total
Instalment
C o l l e c t i o n s during
Total
Instalment

month

I n v e n t o r i e s , end of month, a t r e t a i l value

.

+25
' +ItO
+2U
+13

+ 1
- 6
+ 9
-17

+ 8
+11

- 7
- 5

- 2
- 3

- 7
- 5 '

-8

-5

NOTE:—These f i g u r e s a r e preliminary and. s u b j e c t to r e v i s i o n i




RETAIL FURNITURE STORES - DECEMBER 1951*
Sales and I n v e n t o r i e s

Federal
Reserve
District

Percentage change
Inventories
Total n e t s a l e s
Cash s a l e s
Credit sales
end of month 2y
Nov.»51 Dec.*50 Nov.'51 Dec.'50 Nov „ ' 5 1 Dec.'50 Nov.'51 Dec,'50
to
to
to
to
to
to
to
to
Dec.»51 D e c . ' 5 1 D e c . ' 5 l Dec.>51 D e c . ' 5 1 D e c . ' 5 1 D e c , ' 5 1 D e c . ' 5 1

- U
- 8
-18
-16
- 9

->

+1h
+h?
+22
+16
+18
' +28
+ 9
+17
+12
+10
+33
+11

+ 9
+ 3
+ 3
- 2
+12
+21
+ 9
+ 1
+ 2
- 6
' +17
- 9

+1^

- 6

+22

511

5ll

511

+20
+Uo
+26
+16
+2U
+32
+22
+22
+21
+13
+3U
+lu

+ 7
- 1
- 1
- 3
+1U
+18
+ 5
0
- 1
- 8
+13
- 8

+71
+30
+69
+59
+U5
+Ui
+3U
+Wt
+72
+22
+51
+38

U. S . Total

+25

+ 1

Number of s t o r e s

658

658

-os ton
ev York
?',iladelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San Francisco

- 6
- U
-11
-10
+29
+ 3

- 6
-lU
- 7
- 9
-11
-11
- 7
- 8
- 8
— 8
- 5
- 5

- $
- 8
- 6
- h
- 2
- 6
- 1
- 8
— 8
- 9
- 9
- 3

+ 3

- 8

- 5

. 511

U63

lt63

1 / At r e t a i l v a l u e .
Accounts Receivable and C o l l e c t i o n s

Federal
Reserve
District

Percentages change
C o l l e c t i o n s during month
Accounts r e c e i v a b l e , end of month
Instalment
Total
Total
Instalment
Nov. »31 Dec.'50 Nov*'51 Dec.'50 Nov*'51 Dec.'50 Nov.'51 Dec.«50
to
to
to
to
to
to
to
to
D e c . ' 5 1 D e c , ' 5 1 D e c , ' 5 1 D e c . ' 5 1 D e c i ' 5 l D e c . ' 5 1 Dec•'51 D e c . ' 5 1
+ U
+16
+ 8
+ 5
+ 6
+10
+ 5
+ 5
+ 5
+ 5
+ 7
+ 6

-12
- 3
- 2
- U
- 3
-15
- 8
-13
-11
- 7
- k
- 7

+ 3
+16
+ 8
+ 7
+ 7
+ 8
+ h
+ 6
+ 5
+ 3
+ 5
+ 1

- 1
- 3
- U
-Hi
- 3
- 8
-16
-16
-11
+ 2
+ 7
+ U

- 5
- 3
+ 1
- 2
-12
+ 8
- h
- 1
- h
- 2
+ 2
- 3

-16
- 5
- 2
— 8
- 7
- 9
- 9
-10
- 9
-lk •
- 2
- 6

- 2
- 3
0
- U
-19
+ 2
0
+ 2
- 3
- 6
+ 7
- 1

-10
- k
- 2
- 6
- li
- 3
-10
-13
-12
- 1
- 7
-11

U. S . Total

+ 8

- 7

+11

- 5

- 2

- 7

- 3

- 5

Number of s t o r e s

592

592

219

219

592

592

219

219

Boston
Nev: York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t ft l a u i s
Minneapolis
Kansas C i t y
Dallas
San Franbisco

1951 f: gures a r e preliminary and s u b j e c t t o r e v i s i o n
Digitized*forDecember
FRASER