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vUJiD OF GOVERNORS OF THE FEDERAL RESERVL SYSTEM
G.16

October 3, 19ii7
RETAIL FURNITURE REPORT FOR AUGUST 191*7

Retail__furniture store sales: rose 7 per:cent in August, reflecting
increases in both cash and credit sales.- Crsh sales, which had been below
the year-ag.6 volume for the preceding six months, were 16 per cent less in
August than a year earlier. Both .instalment and charge-account sales,
however, -were 16 per cent larger -than in the corresponding month of 19,it6.
Inventories increased 2 per cent in August, and were up 17 per
cent front the level of the, preceding year. At the end of the month they
amounted to four months1 supply at the current rate of sale, as compared
:vith around three and'one-half months' supply a year ago.
Instalment accounts outstanding at the end of August showed a
2 per cent gain, and were 35 per cent above the yedr-ago level. Collections
on instalment accounts were slightly larger than in July, but the collection
ratio was unchanged at. 22 per cent* The average cdlle'ction period for
instalment accounts outstanding in August was approximately eight months,
a somewhat longer period than in August last year.
Furniture Store Statistics for.August -19U7 %'
Percentage change from:
August 19U6
. July i;h7
to
to
August. 19U7 . August 1917
Net sales .
Total i
•'
Cash sales
Credit -sales: -Instalment
"
Charge account

.
*

. .

-

+ s
-16
+16
+16

• 7
- *U
+ 9
+ 7

Accounts receivable, end of month .
Total
Instalment

+ 2
*2

,

Collections during" month
Total
Instalment

.0
• 1"

.
;

Inventories, end of month, at retail value

: *

2

!

"

i

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




' +13 - + 8
•
+17

9
0*16

— 2 —
RETAIL FURNITURE STORES - AUGUST 191*7*
Sales and Inventories
percentalze chance

Inventories
Credit sales
end of month 1/
r cuci ox iicscrvc
July 117 Aug.*16 July' hi Aug. 'k6 July'k7 Aug. 'k6 July'k7 Aug. 'k6
District
to
to .
to
to
to
to
to
to
Aug.'U7 Aug.*U7 Aug.'k? Aug.'k? Aug.'k7 Aug. »k7 Aug. 'k7 Aug. »k7
Total net sales

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

>11
+10
• 7
• 3
•2k
•16
- 2
•10
•10
•11
- 1
.• 6

U . S . Total

• 7

Number of stores

738

Cash sales

•16
• 7
• 9
•18
• 1
- 7
•36
•2k
•18
•3k
- 3
•30

•
•
•
•

2
5
3
6
3
2
0
- 2
• 3
- U
•30
- 1

- 6
- 1
+ 1
• 1
• k,
- 3
• 1
• 7
- 3
• 5
• 1
•21

- 3
•10
• 6
- 7
>17
* 5
— 8
- 2
• 6
•18
- 3
• 5

-23.
-17
-25
-31
-17
-33
-21
-26
-13
-16
-26
•• l
i

•15
•10
• 6
• 2
•27
•22
• 3
•12
•15
•10
- 1
• 6

- 1
• 6
• 7
• 8
•11
• 6
•10
•21
0
•15
. • 7
•30

• 5

• I

-16

• 9

•13

• 2

•17

590

510

510

738

590

590

590

Accounts Receivable and Collections

Federal Reserve
District

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

Percentage change
Accounts receivable, end of month
Collections during month
Total
Total
" • Instalmefit'
I
Inst;
alment
l
July'k7 Aug. *k6 July »k7 Aug. k6 July*k7 Aug.'1*6 July»k7 Aug.'k6
to.
to
"to
to
to
to
to
to
j
Aug.'k7 Aug. " U 7 Aug. »k7 Aug. fk7 Auz.'k? Aug.*17 Aug.'k7 Aug.*k7 i

.

•
•
•
•
•
•
•
•
•
•
•
•

2
1
1
3
1
k
1
k
1
2
2
k

U. S. Total

• 2

Number of stores

673

•22
•38
•29
•13
•3k
•3k
•36
•27
•23
•52
•35
•kt

• 2
• 1
0
• 2

• 5
• 3
• 2

• 5

• 2
.

• 5

• 1
• 3

•37

• 2

673

22k


* August 19k7 figures are preliminary


• 7
•kk
•2k
•39
•36 .
•32
•28
•33
•23
•kl
•23
•25

- 3
- 6
t k
• - 2
• k
• k
- 2
• 3
0
- 2
- 1
• 1

• 3
•10
• h
• 6
•11
• 9
• +13
• 9
• 3
•21
• 6
•28

0
- 1
- • 6* _
- 7
•12

• 5

0

•11
+ 2
• 8
• 8

• 5

7
2
1
k
5

• 5

• 7
- 1
- 1
•lk
• 9
•21

•
•
•
-

•35

0

•13

• 1

• 8

22k

673

673

22k

22k

and subject to revision.

1

"

f