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1927 - 22
B&S RTI- 32
FEDERALFor r e l e a s e in morning papers,
Wednesday, August 10, 1927.

HESERVE

BOARD

STATEMENT FOR THE PRESS

B e t a i l Trade in the United S t a t e s i n J u l y , 1927.
Retail trade of 615 department and other s t o r e s reporting to the Federal
reserve system was 3.6 per cent smaller in July of t h i s year than in July, 1926,
owing in p a r t to the f a c t that f i v e Sundays in July of t h i s year r e s u l t e d in
one l e s s 'business day than in July, 1926. On the b a s i s of d a i l y averages the
value of s a l e s in July of t h i s year f o r the country as a whole was about the
same as a year ago. Sales of two mail order houses were 3 per cent l a r g e r than
a year ago and those of five-and-ten cent chain s t o r e s (8 chains) were about
7 per cent l a r g o r .
Reports by Fodoral reserve d i s t r i c t s indicate that tho extent to which
volume of s a l e s i n July of t h i s year was lower than a year ago varied widely i a
d i f f e r e n t sections of tho country. In the Cleveland Federal reserve d i s t r i c t
s a l e s woro loss than one per cont smaller than in July of 1926, while in tho
S t . Louis and Dallas d i s t r i c t s they woro 8 and 12 per cont l o s s , r e s p e c t i v e l y .
0£ tho t o t a l nynibor of 615 storos reporting d i r e c t l y to tho Fodoral reserve
banks from a l l soctions of tho country 387 showod smaller sales than in July of
l a s t yoar and 228 showod incroasos.
Porcontago changes in d o l l a r salos between J u l y , 1926* and J u l y , 1927, and
tho nutnbor of s t o r o s reporting aro given in tho following t a b l o :
Fodoral
Boservo
District

: Porcontago of incroaso or
:
Number of storos
: docroaso in salos - July,
: Total
: Number reporting
; 1927. compared with July.1926: reporting;Incroaso iDocroaso

Boston
How York
Philadelphia
Cloveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco
Tbtal
B a i l ordor houses
Pivo-and-ton-cent storos




- 3.7
- 3.0
— 5.6
- 0.4
- 5.9
- 4.9
- 1.1
- 8.0
- 4.2
- 4.1
-12.1
- 3.6

90
44
92
77
49
31
53
20
16
23
11
109

49
13
29
28
22
10
19
7
6
8
3
43

50
31
63
49
27
21
34
13
10
15
8
66

— 3.6

615

228

387

+ 3.0
+ 7.5

(2 houses)
(8 chains)