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• . BOARD. .OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.1TJ2" r - - y - . - V March \ ; 1918 ; :;f: . Retail Instalment Credit "j at Furniture, Household Appliance, and.Jewelry Stores January 19h8 Instalment accounts outstanding of furniture stores showed about the -customary .small decrease in January, but at the end of the month were substantially larger than a year earlier,' Jewelry store accounts receivable declined less than seasonally from the a • December high, while those of household appliance stores remained at the.level of the preceding month.' Compared with the corresponding .. ." date of 19U7, instalment accounts on January 31 showed a gain of . 7 £. per cent for jewelry stores and 80 per cent for household iappliancp... stores. I v.; Furniture and household appliance store collection ratios'"" were reduced two points in January to'18 per cent and 37 per cent,... respectively. The January;, collection 1 ratio for jewelry stores, 19. per cent, was down considerably from a month earlier, as is usual at this time of the year.'.'/: