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1
I
FEDERAL

RESERVE

BOARD
December 8, 1933
R&S r t p - 108

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For r e l e a s e i n morning p a p e r s
Tuesday, December 12
DEPARTMENT STORE SALES IN NOVEMBER, 1933
Preliminary report

P r e l i m i n a r y f i g u r e s on t h e v a l u e of department s t o r e s a l e s show a d ecreas e
from October to November. The F e d e r a l Reserve B o a r d ' s index, which makes a l l o w ance b o t h f o r number of b u s i n e s s days and f o r u s u a l s e a s o n a l changes, was 65 i n
November on t h e b a s i s of t h e 1923-1925 average a s 100, compared w i t h "JO i n Octob e r and a l s o i n September.
I n comparison w i t h a y e a r ago, t h e v a l u e of s a l e s f o r November, a c c o r d i n g t o
p r e l i m i n a r y f i g u r e s , was 2 p e r cent l a r g e r . Decreases compared w i t h l a s t year^
were r e p o r t e d f o r t h e Boston, New York, and P h i l a d e l p h i a F e d e r a l Reserve ' d i s t r i c t s ,
and i n c r e a s e s f o r a l l t h e o t h e r d i s t r i c t s , the l a r g e s t i n c r e a s e s b e i n g i n t h e A t l a n t a and D a l l a s d i s t r i c t s . The a g g r e g a t e f o r t h e f i r s t e l e v e n months of t h e y e a r
was 6 per cent s m a l l e r t h a n l a s t y e a r .
PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO
November*

January 1
to
November 30*

Number of
reporting
stores

Number
of
cities

+2

~6

465

226

-1
-1
-1
+7

-9
-S
-7
-2

54
49
33
29

28
26
16
13

Richmond
Atlanta
Chicago
S t . Louis

+1
+15
+4
+8

-6
-4
-6

55
23
59
29

22
14
29
17

Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

+2
+3
+13
+3

-4
-5
v2
-8

12
23
22
77

8
13
9
31

Total
F e d e r a l Reserve d i s t r i c t :
Boston
New York
Philadelphia
Cleveland

* November f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had t h e same number of
b u s i n e s s days t h i s y e a r and l a s t y e a r .