View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

B A D OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OR
G.16

September 10, 19$6.
RETAIL FURNITURE REPCRT FOR JULY 195.6

Instalment accounts outstanding at f ur nitur e stores at the end
of July were down slightly from the preceding month-end, but continued
above the year-ago level. The r a t i o of collections on these accounts
t o first-of-month balances, estimated at 12 per cent, was unchanged from
a month ago and a year ago.
Total sales of reporting furniture stores declined 7 per cent
from June t o July, when some decrease i s usual. Sales for the f i r s t
seven months of 1956, however, were 3 per cent above the corresponding
period of 1955.
The r e t a i l value of furniture store inventories was h per cent
below a month e a r l i e r , but continued above a year ago. At the July r a t e
of sales, stocks on hand amounted t o about a U months' supply.

Furniture Store S t a t i s t i c s for July 1956

Item

Percentage3 change from:
Jan.-July 19b!?
Month Year
.-to
ago
ago Jan.-July 1956

Net sales during month
Total
Cash
Instalment
Charge account

-7
-4
-8
-6

-2
+3
-U
+5

+3
+2
+3
+7

Accounts receivable, at end of month
Total
Instalment
Cnarge account

-1
-1
-3

+3
+3
+5

XX
X
XX
X
XX
X

Inventories, end of month,.at r e t a i l
• .value

-It

+3

XX
X

July
June
1956 1 195>6
Collection ratio# on instalment accounts^

«!

12

July
1955
12

Collections during month as percentage of accounts outstanding at
beginning of month.




G.16

- 2 RETAIL FURNITURE STORES - JULY 1956
Sales by Type of Transaction
(Percentage changes)

Federal
Reserve
District

Total s e t s a l e s

Cash s a l e s

Month
" ago

Year
ago

to nth
ago

Year
ago

Boston
Mew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t , Louis
Minneapolis
Kansas City
Dallas
San Francisco

- 6
- 7
-25
-13
-10
- 7
• 2
- 8
- 9
-13
-11
- 1

• 1
• u
- 8
- 1
- 5
- l
- 1
- 8
- 5
-Hi
-5
• u

- 6
- 7
-18
- 6
- h
- 6
• 5
• U
- 7
- 9
! - 8
• U

-13
• 6
- 2
- U
- 5

-

- 7

- 2

- u

U. S. Total

Charge-account
sales
Year
Month
ago
ago

Instalment
sales
Year
H>nth
ago
1 ago

• 16
•2U
• 8
• 2
*13
-11
0
-16
- 9
- 5

* 5
- l
- 2
- 2
» 1
•10

-3
- 8
-28
-15
-10
- 7,
• 1
- 6
- 9
-1U
-15
- 2

- 2
+ 1
-Hi
- 1
- 9
- 2
- 3
- 8
- 5
-20
- 8
• 2

-11
> 2
-21
• 6
-13
-20
• 3
-26
-11
-11
0
- 1

• 5

• 3

- 8

-

h

- 6

* 5

•

h

•

k

Cumulative Sales by Type of Transaction, Instalment
Accounts Receivable, and Inventories
(Percentage changes)

Federal
Reserve
District

Total Cash
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
^
Minneapolis
Kansas CityDallas
San Francisco
U. S. Total

Instalment
receivables,
end of month
I n s t a l - Charge- Month j Year
ago
ago
ment account

! Cumulative s a l e s , J a n . - J u l y ,
change from 1955 to 1956

- 1
- 2
• 3i . i
1 +10

1
• 2
+ 8

•
•
•

• 3

• 2




2

h
1
8
6
7

Inventories
end of month,
a t r e t a i l value
Kb nth
Year
ago
ago

• 1
- h
• 2
•11 !
• 5
• 3
• 2
• 1
• 3
- 8
0
• 9

- 2
• 7
• 9
• 3
•in
- 5
• 9
• 6
•2U
• 1
• 8
• 7

•

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

• 1
-11
0
•12
• 9
• 2
• 7
• 8
0
-12
• 5
•16

•
-

u
5
2
5
l
2
7
U
6
5
3
3

•13
- 5
• 5
- 2
• 6
- 6
• 8
0
• 6
- 5
• 2
• 8

+ 3

* 7

- 1

• 3

- U

• 3

•