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1928 - 2$ R&S RTL- 44 FEBEiiL 1 BE S E R V E BOARD STATEMENT FOR SHE PRESS B e t a i l Trade ±n the United States in July, 1928. Retail trade isas larger in July than in the corresponding month of l a s t year, according to reports to the Federal reserve system. Sales of 478 department stores were 3 per cent larger than in July, 1927, and those of mail order houses and of five-and-ten cent chain stores were larger by 22 per cent and 6 per cent, respectively. As compared with trade of department stores in June of t h i s year, sales in July were seasonally smaller, but the declines were less than usual. After adjustment f o r seasonal variations trade in July was sustained at a higher level than in June. Department store sales were larger than in July of l a s t year in a l l sections of the country, except in the Philadelphia and Cleveland Federal reserve d i s t r i c t s . The largest increases wore reported in the Chicago, St. Louis, Minneapolis, and San Francisco Federal reserve d i s t r i c t s . Of the t o t a l number of department stores reporting, 231 showed increases and 247 reported decreases. Percentage changes in the amount' of sales between July, 1927, and July, 1928, together with the number of storos reporting are given in the following table: Federal reserve district Bumber of stores :decrease in sales—-July, 1928 Total : ITumber reportine :compared with Julv . 1927 reporting : Increase ; Decrease Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco + 3.6 + 3.7 - 1.2 — 2*8 + 3*8 + 1.5 + 5.1 + 7.4 + /6*7 / 2.0 + 3.2 + 5.6 Total + 3.2 Mail order houses Five-and-ten cent stores +22.1 + 6.2 (2 houses) (8 chains) 74 40 79 26 38 27 54 18 14 17 19 72 45 19 30 11 16 11 27 11 7 10 9 35 29 21 49 15 22 16 27 7 7 7 10 37 478 231 247