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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
G.16

May 7, 1951
RETAIL FURNITURE REPORT FOR MARCH 1951

March furniture store sales showed somewhat less than the usual
seasonal expansion and were only slightly above the volume of a year
earlier. Instalment and charge-account sales increased 11 per cent and
6 per cent, respectively,while cash sales were but 1 per cent above the
February level. Both cash and charge-account sales were in larger volume
than a year ago with the latter showing the itiore substantial increase.
Instalment sales, however, declined moderately from the year ago level.
Instalment accounts receivable were 2 per cent less than in
February, but showed a gain of h per cent over the corresponding date of
1950. Collections on instalment accounts rose 9 per cent in March and
the ratio of collections during the month to accounts outstanding on the
first of ilarch was 11 per cent, one point higher than in the previous
month.
The retail value of inventories at furniture stores rose 7 per
cent during March and at the end of the month was 36 per cent larger than
a year earlier. Stocks on hand on March 31 were equivalent to approximately
6 months supply at the prevailing rate of sale as compared with four months
supply on that date last year.

Furniture Store Statistics for March 1951

Item

Percentage change from:
Feb. 1951
Mar. 1950
to
to
Mar, 1951 Mar. 1951

Net sales
Total
Cash sales
Credit sales: Instalment
Charge account

+ 8
+ 1
>11
+ 6

+ 2
+ 6
- 7
+25

Accounts receivable, at end of month
Total
Instalment

- 2
- 2

+ 7
+ h

Collections during month
Total
Instalment

+ 5
+ 9

Inventories, end of month, at retail value




-

>

7

» revision.

+1h
+ 6
+36

G»l6

- 2 tRETAIL FURNITURE STORES - LARCH 1951*
Sales and Inventories

1
I

Ee change
Inventories
Credit sales
Total net sales
Cash sales
end of month 1/
Feb.'51 i'ar.'SO Feb.>51 i:ar.'50 Feb.'51 Liar.' 50 Feb.'51 I.ar.'50
to
to
to
to
to
to
to
to
Liar .'51 i:ar.'51 Mar.'51 liar. '51Iar.«51 I'.ar. '51Tar.'51 ; ar.'51
1

Federal
Reserve
District
Boston
Nev: York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

-11
- 7
- 3
> 1
- 1
> 8
- U
-10
- 9
> 6
- 2
>11

> 8
> h
> 7
> 6
+ h
+ 3
>10
+ 3
- 5
+10
0
>12

+36
+33
+U0
>ltO
+31
+37
+32
+30
+33
+ia
+39
>iiO

>10

> 2

> 7

+36

$67

567

500

5C0

> 7
+16
- 1
> 6
+ 3
+13
>11
+ 7
0
-10
>11
-16

-29
+17
-22
> 3
-13
+10
+ 9
>16
> 6
0
+ 8
> 8

+ 7
>22
>11
> 7
> a
>28
0
> 9
- 6
+ 1
+20
> 6

> 2

> 1

> 6

71k

567

567

> 7
>18
> 8
> 7
> h
>28
> 2
> 8
- 7
- 2
+17
0

—
+
>
+
+
>

-lh
0
6
2
3
8
3
7
7
5
3
9

U. S. Total

> 8

Number of stores

711;

1/ At retail value.
Accounts Receivable and Collections

Federal
Reserve
District

Boston
I'Jew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas CityDallas
San Francisco

Percentage change
Collections during month
Accounts receivable, end cf mcnth
Total
Instalment
Total
Instalment
Feb.'51 ar.'SO
7 3 T ar.'50 Feb. '51 "ar.'50 Feb.'51 :
to
to
to
to
to
to
to
Lar.'gl :ar.'51 lar.'&L
liar.'51 ar.'5l iar.'Sl

- 3

U. S. Total

- 2

+ 7

- 2

>

u

+ 5

>11

+ 9

Number of stores

618

6L8

238

238

6I18

6L8

238

- 2
- 2

>
-

3
1
3
5
3

- 2

-

k

- 2
- 2

- u
- h
0
- 3
- 5
- U.

+ L
+ 6
>10
+ 5
+ 3
- 2

> 7

> 1
> 3
+ 12
> 9
+ -5
-11
> 7
> 2
+ 6
+20
> 1
+23

- 5
- 2

+ 2
- 6

> 8

X X- ii

+ 5
>10
+ 8
+ 7
+ h
- 9
> 6
>11
- 7
> 2

h

> 6

>13
>20
>11
- 6

>17
> 6
*12
>21

> 7

+ 15
+31

> 7
>lu
> 7
> 6
> 9
.0

>10
> 9
> 2

> 6

195^1 figures are preliminary and subject to revision.
Digitized forInarch
FRASER
1/ withheld to avoid disclosure of operations of individual establishments.