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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.16

March 9, 1951
RETAIL FURNITURE REPORT FOR JANUARY 1951
Retail furniture store sales showed considerably less
than' the usual seasonal decline in January and were 23 per cent
greater than in the corresponding period of 1950. Cash sales
declined 33 per cent during the.month while instalment and charge
account sales were down 39 per cent and 19 per cent/ respectively.
Both cash and charge-account sales were in substantially larger
volume than a year earlier. Instalment sales, which had been
below the year-ago level since September, shewed a year-to-year
i-ain of 9 per cent in January.
Instalment accounts outstanding declined 5 per cent
in January but at the end of the month were 8 per cent larger
than on the corresponding date of the preceding year. Collections
on instalment ac'counts in January were slightly larger than in
December and, when related to accounts receivable on the first of
the month, gave a collection ratio of 10 per cent, one point lower
than in the preceding month.
The retail value of stocks on hand at furniture stores
rose h per cent during January and at the month-end was 33 per cent
above that of a year earlier. Inventories held on January 31 were
equivalent to approximately five and one-half months' supply at the
current rate of sale as compared with five months supply on the corresponding date of 1950.
Furniture Store Statistics for January 1951

Item

Net sales
Total
Cash sales
Credit sales:

Instalment
Charge account

Percentage change from:
Dec. 1950. Jan. 1950
to
to
Jan. 1951
Jan. 1951

-32
-33
-39
-19

+23
+36
+ 9
+5k

Accounts receivable, at end of month
Total
Instalment

+13
+ 8

Collections during month
Total
Instalment

+17
+11

Inventories, end of month, at retail value

+38

NOTE.—These "figures are preliminary" and subject to revision.




G^6
RETAIL FURNITURE STORES - JAIiUARY 1951*
. Sales and. Inventories

Percentage change
Federal
Reserve
District

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

Inventories
Credit sales
end of month V
Dec.'50 Jan.'50 Dec.'50 Jan.'50 Dec.'50 Jan.'50 Dec.'50 Jan.'50
to
to
to
to
to
to
to
to
Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.*51 Jan.'51 Jan.'51
Total net sales

-21

Cash sales

-57
-36
-31
-36
-38
-28
-3 k
-22
-Hi
-29
-17

+11
+12
+32
+22
+ 9
+ 6
+23
+22
+ul*
+Uh
+ 9
+36

U. S . Total

-32

+23

-33 "

+36

Number of stores

687

687

SbS

ShS

-51
-I46
—ji.
l.i
-39
-1*3
-12
-28
-3U
-U2
-16
-hi
-22

+ 8
+39
+23
+37
+ 6
+15
+28
+48
+61
+54
+16
+ii7

+11
+ 1
+3U
+21
+ 9
+ 3
+20
+23
+h3
+iil
+ 5
+35

+
+
+
+
+
+
+
+
+
+

6
7
6
5
7
7
5
2
5
l
3
1

-32

+20

+

a

545

515

-16
-61
-3li
-31
-35
-38
-23
-28
-Hi
-13
-32
-17

1x63

+35
+36
+L5
+48
+39
+W
+35
+12
+28
+U
+ii2
+30
+38
J

I163

Accounts Receivable and Collections

Federal
Reserve
District

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
U . S . Total
Kumber of stores

Percentage change
Accounts receivable, end of month
Collections durinr month
Total
Instalment
Total
Instalment
Dec.'50 Jan.*50 Dec.'50 Jan. '^0 Dec.'50
50 Dec.'50 Jan.'50
to
to
to .
to
to
to
to
to
Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.'51 Jan.'51

-

5
3
U
7
7

h

6
3
3
2

- 2

>11
+ 9
>16
+ 15
+ 9
+ 7
+12
+12
-+16
+25
+ 8
+25

-

a
5
3
7
5
9

-

u

+
-

6
3
3
3
5

-h

+13

628

234

 fipiires are pro] i mi nary" and
* «Jarmary 195^


2
3
2
6
3

23h

+ 1
+20

+22
+ 9
+23
+2it
+16
+15
+20
+lii
+16
+21
+19
+20

+1u

+16
+ 8
+10
+22
+20
+36
+ 8
+32

+ 5

+15
+ 6
+ 8
+ 1
+ 6
+ 1
+19
+17
+ 9
+13

- 5

628

+
+
+
+
+

+17

+ 1

+11

628

628

23L

23k

h
2

- 2

+ 3
- 2

subject to revision.

+
+
+
+
+
+
+

1
3
7
5
9
5
7
2
2
6

-

U

+15
+ 7
+18
- 2