Full text of G.16 Retail Furniture Report : January 10, 1958

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.l6

January 10, 1958
RETAIL FURNITURE REPORT FOR NOVEMBER 1957

Instalment accounts outstanding at furniture stores
at the end of November were up 1 per cent from the preceding
month-end, arid continued "below the year-ago level. The ratio
of collections to accounts receivable at the beginning of the
month remained at 13 per cent, 1 point above a year earlier.
Total sales at reporting furniture stores were 7 per
cent larger in November than in October, reflecting increases
of 10 per cent and 6 per cent in cash and credit sales, respectively, Compared with a year earlier, however, sales were down
4 per cent. Total sales for the first eleven months of the year
were 4 per cent below the corresponding period of 1956.
Furniture Store Statistics for November 1957

Item

Percentage change from:
Jan.-Nov. 1956
Year
to
ago
Jan.-Nov. 1957

Month
ago

Net sales during month
Total
Cash
Instalment
Charge account

+ 7
+10
+ 6
+ 6

-4
+1
-4
-6

-4
0
-4
-5

Accounts receivable, at end of month
Total
Instalment
Charge account

+ 2
+ 1
+ 4

-3
-4
-2

XXX

Nov.
1957

Oct.
1957

13

1?

Collection ratios on instalment accounts if

Nov.
1956"
12

l/Collections during month as percentage of accounts outstanding
at beginning of month.




G.16

-

2

-

RETAIL FURNITURE STORES - NOVEMBER 1957
Sales "by Type of Transaction
(Percentage changes)

Federal
Reserve
District

j instalment | Charge-account
Cash i
sales
i
salea
Year j Month
Year
Month
Month | Year
ago
ascr
afio
axo
a«o

Totsl net sales
Month 1 Year
ago
ago

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San. Francisco

+ 5
+ 9
+25
0
+ 2
+ 6
+10
+ 5
- 3
+11
- 4
+.5

U . S . Total

+ 7

-14
- 4
+ 2
0
- 3
- 3
- 6
- 9
+ 6
- 2
- 5
- 4

+ 14+ 3

- 3
- 4
+ 1
+ 3
- 5
+ 5
+11
- 7
+16
+15
- 8
- 8

0
+11
+30
0
+ 1
+ 7
+ 5
0
- 6
+14
- 3
+ 9

-18
- 4
+ 1
- 1
- 2
- 4
- 8
- 7
+ 1
- 9
- 6
- 1

+10

+ 1

. + 6

j- 4

+15
0
+25
+ 4
+ 6
- 1
+25
+13
+17

+?o

i

+11
+14
+16
+ 4
- 1
+19
. +12
- 5
- 2
- 9
- 3
+ 6

- 6

1

Cumulative Sales by Type of Transaction, and
Instalment Accounts Receivable
(Percentage changes)

Federal.
Reserve
District

Boston
JNew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas' City
Dallas
j
San Francisco j

Cumulative i
sales, Jan,.-Nov.,
change from 1956 to 1957
Total
Cash
InstalChargeaccount
ment
i
I
-4
- 8
- 9
I
-7
- 2
0
- 2
!
-3
- 1
-1
- i
i
-1
-1
-2
- 5
|
- 5
-4
- 2
1
- 3
-9
+7
-4
- 2
-3
|
-8
+3 1
- 3
l - 3 |
-8
iI
- 4
- 5
-5
+4
- 3
!
+7
-10
-15
!• -5
-5
+ 2
-2
+3
+ 2
j
-6
- 6
-1
-

j

U . S . Total |

i•

n.a. - Not available




0
!

5

I

-4'

|

-5

!
i
i
!
1
i
!
1
j
1
I
i
j
|

Instalment
receivables,
end of month
Month | Year
ago ! ago

:

1

r

o
+3
+3
+1
+2
0
+2
0
0
0
0
o

!

+i

1

| . L
I - 8
I
5
n.a.
- 4
- 5
-16
-14
+24
+ 1
- 3
- 7

!
i
!
:
i
|
i
.
!
|
j
!

+
+
-

4
6
3
2
2
1
3

- 6
-13
+10
-11

| - 4

+