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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SIS TEL'
G.16

.

September 1, 1950

RETAIL FURNITURE REPORT FOR"JULY 19^0
^

y

Retail furniture store sales increased contra-seasonully in July
with substantial _gains recorded for both cash and credit sales. The growth
in credit sales on both instalment.and charge accounts.was-more-pronounced
than the expansion in cash sales, and stemmed largely frcm the accelerated
demand for durable goods which accompanied the Korean crisis. Total sales
in July were about cne-third larger than during the corresponding month of.
19h9 with increases ranging from 26 per cent fcr cash sales to U2 per cent
for charge-account business.
Instalment accounts receivable rose 2 per cent during July and at
the end c"f the month were 28 per cent above the amount outstanding a year
earlier. Collections on instalment accounts were is lightly smaller than in ;
June and when compared with f ir s t -c f -ir. on t h accounts receivable yielded a.
collection ratio of 11 per cent for July. The instalment collection ratio
was 12 per cent in July 19u9.
Stock on hand at furniture stores declined 3 per cent in July
but at the er.u of the month were 10 per cent larger than these carried a
year earlier. At the current rate of sale stock on hand amounted to
approximately three and one-half months' supply in July compared with more
than four months' supply a year earlier.
Furniture Store Statistics for July 1950
Percentage cr.ange from:
June 1950
July 1 9 U 9
to
to
July 195'0
July 1950

Item

Net sales
Total
Cash sales
Credit sales:

Instalment
Charge account

Accounts receivable, at end of month
Total
Instalment
Collections during month
Total
Instalment
Inventories, end of month, at retail value

.

1
j

+ 12
- + 8
4 13
+11;

+33
+26
+33
. +12

+ 3
+ 2

+30
+23

i

- 1

+ 16
+ 114

- 3

+10

+

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




G.16

— 2 —

• '

RETAIL FURNITURE STORES - JULY 1950*
Sales and Inventories
Per c entage cha;r.pe
Inventories-, /
end of month-'
June'50 July'ii? Jane'50 July'19 June'50 July'u9 June'50 July'^9
to
to
to
to
tc
to
to
to
July'50 July'50 July'50 July'50 July'50 July'50 July'50 July'50
Total net sales

Federal
tteserve
•District

Boston
Hew York
Philadelphia
Cleveland
Richmond •
Atlanta
Chicago
St. Louis
I.Cinneapclis
Kansas City
Dallas
San Francisco

+

'i !
+ 6

+ ik

+ 6
+ 12

+ lk

+ 23
+ 33

U. S. Total
Number of stores

U

+ 36
+ 1U

1

-

30
19
30
38
31
llO
15
29
Lli

+ 12

+ -33

733

733

J

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

- 11
- 13

+ k3

+
+
+
+
+
' +
+
+
+

Cash sales

k

- 7
- 2
+ 6
+ 12
+ 8
- 1
+ 28
+ 18
•31
+
|

8

581*

10
lli
19
17
25
18
33
35
18
36
15
35

| + 26
1

58U

Credi t sales

+ 6
- 11
+ 8
+ 5

+

k7
k7
27
lk

+
-

1
3
1
1
2
3
6
0
6
6
2
6

j + 36

-

3

+ 10

518

518

+ 32
+ 17
+ 32

k

+ 18
+ 21
+ 2

+ lk

+ 11
+ 21

+ 3k
+ iii
58U

+
-

+ 39
+ 20

+ k7

+ ko

+ 25

+
1+
+
I +

i
I

58k

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

5
13
12
5
17
11
12
9
2
10
18
8

1/ At retail value.
Accounts Receivable and Collections

Federal
Reserve
District

Boston
l.'ew York
Philadelphia
Cleveland '
Richmond
Atlanta
Chicago
St. louis
::inreacclis
Kansas City
Dallas .
San rar.ciscc

Percentage charife
•icgsunto roccivaoio.er.i c:
tal
Instalme.. t
June'sO July'u9 June'SO July'U9iJune'5G July'u> June'50
tc |
to
to
to
to |
to
to
Jul/'50 July'50 July'50 July'50,July'50 Jxly'5ol uly'gO
+
-

3
1

+ L.9
+ 26
+ 22

+ 2k

1+

3
7

+ 26
+ 27
+ 38
+ 26
1+29
29
I +
I »!i0

+
+
+
+
+
+
+

+

3
0
2
2
2
3
3
1

k

+ 30

U. S. Total

66L
^j^July
figures are preliminary



66L

2k0

+ 3k

+ 2k

+ 16

+
+
+
+
+
+

29
19
L7
25
33
39

+

+
+
+
+
+
+
+
+

+
| +
' +
! +

2'S

+

+ 6.-3

; +

+28

I +

2l0

and subject lc reviri

-

+ 33
+ A
+ 18

+ 27
+ 21

k

66U

-

+ 6

17
10
20
21
20
18
16
IB

+ 3
+ 10

+

k

+ 8
+ 8
+ 19

+ 6

+ 16

66k

k

9
1

-

|

lk

1

2k0

I

2h0