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F E D E R A L

R E S E R V E

B O A R D
February S, 193**
R&S rtp - 110

For release in morning papers
Monday, February 12

,

DEPARTMENT STORE SALES IN JANUARY I93U \ A
Preliminary report
,>
x
Preliminary figures on the value of department store sales show a decrease
Lticcoder to January of about the estimated seasonal amount. The Federal
Reserve Board's index, which makes allowance both for number of business days and
for usual seasonal changes, was bS in January on the basis of the I923-I925 average as 100, compared with 69 in December and 65 in November,
In comparison with a year ago, the value of sziles for January according to
preliminary figures was 18 per cent larger; when allowance is made for the fact
that there was one more trading day this year than last, the increase from last
year is about l4 per cent. Increases compared with last year were reported for
all districts; the largest increases were reported in the Dallas, Cleveland, and
Atlanta districts.
PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO
January*

ivmiiber of
reporting
stores

Number
of
cities

Total

+18

447

224

Federal Reserve district:
Boston
New York
Philadelphia
Cleveland

+23
+13
+12
+33

51
51
25
21

27
2o
12
13

Richmond
Atlanta
Chicago
St. Louis

+l4
+28
+21
+25

45
29
53
35

19
IS
28
20

Minneapolis
Kansas City
Dallas
San Francisco

+13
+24
+36
+16

25
17
is
72

13
13
8
27

* January figures preliminary; in most cities the month had one more business day
this year than last year.