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i FEDERAL i RESERVE BOARD February % r&s r t p - 7*4- For r e l e a s e i n morning papers Wednesday, February 11. DEPARTMENT STORE SALES IN JANUARY, 1931 Preliminary r e p o r t Department s t o r e s a l e s decreased from December to January by l e s s than the estimated seasonal amount, according to p r e l i m i n a r y f i g u r e s r e p o r t e d to the Federal Reserve Board, and t h e Board's index of department s t o r e s a l e s , which i s a d j u s t e d f o r seasonal v a r i a t i o n , consequently advanced by 6 per cent f o r t h e month. In comparison with a year ago, the aggregate value of s a l e s in Janua r y , according to t h e p r e l i m i n a r y f i g u r e s , was 7 per cent s m a l l e r . PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO January* Number of reporting stores Number of cities - 7 557 255 Boston New York Philadelphia Cleveland. - 9 103 54 33 27 Richmond Atlanta Chicago S t . Louis - 3 78 40 Minneapolis Kansas C i t y Dallas San Francisco - 2 19 — 8 - 9 15 77 Total Federal r e s e r v e d i s t r i c t : — 6 -11 - 6 4o 44 - 8 32 - 5 - 6 20 0 Us 16 16 20 30 10 26 * January f i g u r e s preliminary; t h e month had t h e same number of b u s i n e s s days t h i s year and l a s t . 12 l6 6 29
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