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)5&
tWARY
"*'111949
FtDERAL RESERVE BANK
OF RICHMOND
0il6"

RB6EARCH DEPARTMENT
J A N 1 31949
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTE II
FEDERAL :V£SERV!: B . K
Qv,.-!-;
"RETAIL" PORlftfURE REPORT FOR NOVEMBER 191*8

Total furniture store sales increased 8 per cent in November,
with gains, registered in ; dach type;of transaction.-: Although both cash
and credit safes continued below the year-ago volume, the percentage
declines over the year-period were smaller than in the preceding month.
Instalment accounts receivable rose slightly in November, and
were "30 per cent larger tharr on the corresponding date last year. Collections on instalment accounts in November were somewhat smaller than
a month earlier, and th6 collection ratio continued at 18 per cent. Little change has occurred in the rate of repayment for instalment
accounts since mid-19li8, the average liquidation period approximating
ten months.
Inventories were up slightly in November and were l£ per cent
above the level of a year earlier. At the end of the month stocks on
hand amounted to approximately four and one-half months 1 ' suoply at the
current rate of sale.

Furniture Store Statistics for November. 19U8

fPercentage change from:"
I Oct. 19U8
Nov. -19U7
to
to
Nov, .19UB -Nov. 19U&

Item

Net sales
'
Total
'
' Cash sales
'• ,
Credit sales: Instalment
Charge account

'

; '

Accounts receivable, at end of month
Total
Instalment

.

'•

.

+8
• +11
4. 8
.45

4 1
4 1

-12
-16
-11

'

430
430

Collections during month
Total
Instalment

* 0
- 1

4.7
*11

Inventories, end of month,, at retail value

4 1

415

Note.—These figures are preliminary and subject to revision.




RETAIL FURNITURE STORES - NOVEMBER 19U8*
Sales and Inventories

i
i

?e change

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

Inventories
end of month 1/
Nov, 'U7 Oct. 'Uti Nov. 'U7 Oct. »Uo Nov.'U7
Oct. 'Uti Nov.'47
to
to
to
to
to
. to
. to td„
Nov. 'U8 Nov, 'US Nov.'Ua Nov. 'U8 Nov. 'It8 Nov. »U8 Nov.'U8 Nov.'UP
I
» 3
0
+12
* 2 .
+ 2
- 2
+ 3
+10
+16
- 1
+36
+ 8
+35
+31
- 9
. - 8
-16
. + 1
+ 1
-10 .
+ 5
.+ 3
+ 7
-16
+ 2
+13
+ 7
-15
-15. , +10
+ 7
0 .
+ U
- 1
+2U
+ 5
* 6
+ 8
-28
-28
*•8..
- 2
+ 5
-3U
+ 6
+12
-12
-11
+ 3
+ 3
-13
+ 3
+ 8
+ 1
+11
-11'
+ 9
+23
-17
-27
6 .. -15
-18 .
-1.6
* 1
+ 3
-10
+ 2
+ U
+ 9
+ 3
+25
- 9
- 9
-20
+ .2
+16
+10
. -21
+ 9
+23
-17
-10
+18
-21
+ 3
+ U
-lU
+ 3
+ 5
Total net sales

Cash sales

1
1

Federal Reserve
District

Credit sales

+U

-B

+U

U. S. Total

+ 8

-12

+11

-16

+ 8

-11

+ 1

+15

No. of stores

7U0

7U0

576

576

576

576

528

528

y

Data reflect effect of October ivork stoppages in trucking and of special November
sales events.
, " A c c o u n t s Receivable and Collections

Federal Reserve
District

-

Percentage change"
Collections during month
Total
Instal:-sent
'
Total
| Instalment
Nov.»U7
Oct. 'U8 Nov.«U7 Oct. 'U8 (Nov. 'U7 (Oct. *U8 I Nov. «U7 Oct. 'Uti
to
to
to
to
!
to I
to
I
to
I
to
f
Nov. 'U8 Nov.'U8 Nov. 'U81Nov. U8 )?Iov. 'U81 Nov. 'JU8 (Nov. 'L8Nov.'U8

+16

Bostons
NexrTork
Philadelphia
Cleveland
Richmond
Atlanta^
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

• o
+ i
* l
+ 3
- 1
+ 1

U. S. Total

+ 1

+ 3
• 0
* 2

- 5

+29
+30
+33

+
+
+
-

+25
+25
+20
+19

^
-

+U0
+32
+30

No.for
of FRASER
stores
659
659
Digitized
http://fraser.stlouisfed.org/
* November 19U8 figures are preliminary
Federal Reserve Bank of St. Louis

1
8
2
1
0
2
2
1
11
0
0

+ 6
+33
+28
+U1
+18/
+26
. +26
+30
+27 +36
+28
+28

+ 1

+30

231

231

- 2
+10
- 6
- U
0
- 3
+ 3
- 3
0
• 0
+ 2
- 5

+ 5

+11
- 7
-10
-10
• 0
+ 1
- u
+ r
- 6
+ 3
- 7

+ 7

- 1

+11

659

231

231

o •
659

+ 5

• 0
+13
+ 6
+12
+13;
+ 2
+11
+ U
+ u
+ 7
+10
+ 1

and subject to revision.

+18

+5

+ 8
+ 1
+ 3
+12

+U

+ 8
+12

+5