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BOARD

OP

GOVERNORS

OF

THE

FEDERAL RESERVE

SYSTEl'.

'My 2, 1946
retail

furniture

report

for

iurck

1946

Furniture store sales showed about the customary seasonal expansion
in March, reflecting substantial gains in both cash and credit sales. Cash
and charge-account sales continued in considerably larger volune than a year
earlier, while instalment sales exceeded last year's volume by 25 per cent.
Inventories increased a-rtir. in siarch, and -sere 11 per cent above
?
those held on the corresponding date last year. At %he end or tl • month
they amounted to about three souths* supply at the current rat* of r-.le, as
f
compared with nearly four mentis supply at the end of ^arch 104a „
Instalment accounts receivable increased slightly i.i Inarch, and
continued about one-tenth greater than a year ago. The collection rtxtio on
instalment accounts increased four points during Larch to reach a new high
of 28 per cent. These accounts vrorc collected in approximately six months,
about one month less than in Li&rch last year.

Furniture Storu Statistics for ?.iarch 1F4£

Net sales
Total
Cash
Credit sales:

Instalment
Charge account

Accounts rc.ceiva.blc, at end of -or.t':.
Total
Ir.stE.1' lent
Collectioi.s durine month
lo-r.l
Instalment
Inventories, end of month, at r : t-xil
«

Note:—These figures ere prclisainary and subject to revision.




-

2

*

RETAIL FURNITURE STORES - MARCH 1946»
Sales and Inventories
Percentage change
Federal Reserve
District

Inventories
end of m o n t h ! /
Feb.'46 Mar.*45 Feb.'46 Mar .'45 Feb.'46 Mar .'45 F e b . *46 Mar .'45
to
to
to
to
to
to
to
to
liar .'46 Har .'46 liar .'46 Mar.'46 Mar.'46 Mar .'46 liar .'46 liar.'46
Cash sales

Total net sales

Boston
New York
Philadelphia
Cleveland
Richnond
Atlanta
C'Mcafo
ct., Louis
;'irLneapclis
Kansas City .

+20
+28
+20
+18
+25
+23
+22
+23
+24
+13
+12
+13

+33

+23 ,
+37
+15
+17
+20
+22
+18
+30
+29
+14
+12

+45
+4C
+44
+35
+31
+52
+52
+60
+67
+60
+38

San Francisco
U . S . Total
l.'ur.r.er, cf r tores

IT

Credit

j

+ 50
+104
+ 73
+ 62
+ 44
+ 77
+ 69
+ 91
+ 85
+104
+ 55

+20
+26
+21
+18
+26
+24
+21
+27
+22
+13
+12

+44
+28
+35
+30
+29
+43
+35
+47
+61
+42
+30

+
+
+
+
+
+
+
+
+
+
+

1
4
9
5
8
9
7
3
4
3
5

+10
+16
+12
+20
+11
+ 8
+15
+19
- 1
+21
+11

+15

+ 44

+14

+29

+ 6

+ 6

+20

+45

j

+21

+ 70

+20

+36

+ 6

+11

791

791

!

649

649

649

649

563

553

I
retail v a l u e .
Accounts Receivable and Collections
Percentage change
receivable, end of month
Collections <
during month
Instalment
To tal
Instalment
Feb.*46 Mar .'45 Feb.*46 liar.'45 Feb.*46 Mar.'45 Feb.'46 Mar .'45
to
to
to
to
to
to
to
to
liar .'46 liar.'40 Mar.* 46 liar.' 46 liar .'46 liar.'46 Mar.'46 Liar.'46
Accounts

Federal Reserve
District

Boston
Kevz York
Philadelphia
Cleveland
Richmond
,
Atlanta
Chicago
St^ Louis
Linr.c-'*rolis

Sar. Franc i: co

+
+
+
+
+
+
+
+
+
+
+
+

4
1
1
2
1
1
5
3
6
4
2
3

+15
+ 8
+12
+16
+16
+13
+16
+12
+22
+19
+ 9
+ 4

- 1
0
+ 1
0
0
0
+ 4
+ 3
+ 3
+ 5
+ 5
+ 5

+13
+ 9
+13
+13
+17
+ 8
+15
+ 5
+21
+16
+21
+ 8

+ C
+16
+18
+14
+13
+11
+16
+14
+14
+17
+ 8
+16

+39
+21
+30
+30
• +15
+31
+27
+38
+43
+42
+28
+19

+29
+19
+17
+ 7
+11
+11
+21
+13
+15
+27
+10
+ 8

+57
+22
+29
+19
• - 5
+21
+26
+24
+38
+33
+33
+25

U . S . Total

+ 2

+12

+ 1

+11

+14

+28

+15

+22

Nur.bor of stores

740

740

252

252

740

740

252

252

*

i o f P -';
,
f-




revision.