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' I I FEDERAL RESERVE BOARD A p r i l S, 1932 r&s r t p - 8 8 Tor r e l e a s e In morning papers Monday, A p r i l 11 DEPARTMENT STORE SALES IN MARCH, 1$}2 Preliminary report P r e l i m i n a r y f i g u r e s on t h e value of department s t o r e s a l e s show a c o n s i d e r a b l y smaller i n c r e a s e from February to March than the estimated seasonal amount. The Federal Reserve Board's index, which tiiakes allowance "both f o r number of b u s i ness days and f o r u s u a l seasonal changes, i n c l u d i n g changes i n t h e date of E a s t e r , was 74 i n March on t h e b a s i s of the 1923-1925 average as 100, compared with 79 in. both January and February; In comparison with a year ago the value of s a l e s f o r March, according t o the preliminary f i g u r e s , was 20 per cent s m a l l e r , and when allowance i s made f o r t h e f a c t that t h e r e was one more t r a d i n g day i n March t h i s year than l a s t , the dec r e a s e from l a s t year i s about 23 per cent* PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO March* Total - 20 Humber of reporting stores Number of cities 20 515 226 January 1 to March 11* - Federal r e s e r v e d i s t r i c t ! Boston New York Philadelphia Cleveland 19 20 21 22 20 15 19 22 100 52 8 31 29 15 13 Richmond Atlanta Chicago S t , Louis IS 22 21 17 16 20 24 15 5% 22 56 20 22 14 31 3 Minneapolis Kansas City Dallas San Francisco 19 18 21 20 19 20 24 19 19 25 12 l4 6 31 % •March f i g u r e s p r e l i m i n a r y ; i n most d i s t r i c t s the month had one more t r a d i n g day t h i s year than l a s t y e a r .
@FedFRASER