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I F E D E R A L R E S E R V E B O A R D August 8, 1931 r and s rtp - 80 For release in morning papers Tuesday, August 11 DEPARTMENT STORE SALES IN JULY 193I Preliminary report from eral days I925 Preliminary figures on the value of department store sales show a decrease June to July of somewhat more than the estimated seasonal amount. The FedReserve Board's index, which makes allowance both for number of business and for usual seasonal changes, was $2 in July, on the basis of the 1923average as 100, compared with 95 in June and 97 in May. In comparison with a year ago the value of sales for July, according to the preliminary figures, was 8 per cent smaller. The aggregate for the first seven months of the year was also 8 per cent smaller. PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO July* Total Federal reserve district: Boston New York Philadelphia Cleveland January 1 to July 11* - 8 Number of reporting stores Number of cities — 8 523 231 , -10 - 7 - 7 - 8 - 7 - 7 - 8 - 9 100 48 43 35 30 27 18 l4 Richmond Atlanta Chicago St. Louis - 4 -11 - 8 -12 r 3 - 9 -10 -12 55 28 19 22 17 34 9 Minneapolis Kansas City Dallas San Francisco -10 -15 -17 - 8 - 5 - 8 -11 - 9 20 26 16 75 11 15 6 28 58 •July figures preliminary; in most districts the month had the same number of business days this yc&r and last year.