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BOARD OF GOVERNORS OF THE FEDERAL PESF.RVE SYSTEM
G.16

March 11, 1958
RETAIL FURNITURE RLPGRT FOR JANUARY 1958

In s ta lme n t accounts receivable a t f u r n i t u r e s t o r e s declined
3 oer cent i n January and continued below the year-ago l e v e l . C o l l e c t i o n s
Taring the month amounted to 12 per: cent of accounts r e c e i v a b l e a t the
beginning o f the month, the same as f o r both a month ago and a year ago.
Both cash and c r e d i t s a l e s a t r e p o r t i n g f u r n i t u r e s t o r e s were
down sharply from December t o January, as i s u s u a l a t t h i s time of year.
T o t a l s a l e s were somewhat smaller than t h e year-ago volume, r e f l e c t i n g
a decline i n c r e d i t s a l e s o f f s e t i n p a r t by an i n c r e a s e i n cash s a l e s .
Furniture Store S t a t i s t i c s f o r January 1958

Item
Net s a l e s during month
Total
Cash
In s ta lme n t
Charge account

|

Percentage change from:
Year
Month
ago
a so

Accounts r e c e i v a b l e , a t end of month
Total
Instalment
Charge account

C o l l e c t i o n r a t i o s on instalment
accounts 1 /

-37
-36
-hi
-19

-h
+2
-7
-1

- 5
- 3
-10

-3
-3
-2

Jan.
1958

Dec.
1957

Jan.
1957

12

12

12
-

1 / C o l l e c t i o n s during month as percentage, of accounts
outstanding a t beginning of month.




RETAIL FURIETUP.E STORES - JA1TJARY 1958
Sales by Type of Transaction
(Percentage changes)
[Total net s a l e s
! Month
Year
ago
ago

Cash s a l e s •
Mo nth
Year
ago

J

> 9
3
•13
- it
-21
-h
> 6

Boston
New York
Philr-ielpMa
Cleveland
Richmond
Atlanta
Chicato
S t . Louis
I Minneapolis
Kansas City
Drill-'5
San Francisco

-26
-L5
-L2
-hi
-U3
-h$
-38
-U3
-28
-32
-30
-2U

- 2
0
- 3
-13
- 7
- ii
- 6
- 2
* 6
- 9
+ 2
- 3

-39
-31
-23
-27

>18
> 7
•10
- 9

U. S. T o t a l

-37

-

U

-36

j > 2

-30
-31
-38
-55
-53
-12
-3h

+

* U

-IU

Instalment
sales
Year
Month
ago
ago
-23
-50
-US
-ho
-U8
-hi
-16
-U8
-29
-30
-32
-2U

j ^ 1
+ 1
- 6
-13
-11
- 5
-10
-12
+ 3
-23
+ 1
- 3

-hi

- 7

Instalment Accounts Receivable
(Percentage changes)

Federal
Reserve
District
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco

l

^ 4 . S. Total
n. a. - Not a v a i l a b l e




Instalment
receivables,
end of month,
Month j Year
ago
ago
-

3
h
5
9
h
2
5
2
7
2
0
• 1
- 3

| -6

1 • 8
I - - 1
- 2
1 - 7
1
o
1 - 5
- i
!:
- 8
-13
• 8
- 6
- 3

account
les
Ho nth
Year
ago
ago

LI

Federal
^ Reserve
Listrict

-29
- 3
-36

- 6

-1L

-36
-?/
-20

>11
• 9
- 9
>19
> 8
>lli
- 1
0

-19

- 1

-22
- 5
. -33

-16

-22

- 5