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FEDERAL RESERVE BOARD February 9» 1935 R & S r t p - 122 For release i n morning papers Wednesday, February 13 DEPARTMENT STORE SALES IN JANUARY 1935 Preliminary report Preliminary f i g u r e s on the value of department s t o r e s a l e s show a decrease from December to January of more than the estimated seasonal amount. The Federal Reserve Board's index, which makes allowance f o r d i f f e r e n c e s i n the number of b u s i ness days and f o r usual seasonal changes, was ~[2 i n January, on the b a s i s of the 1923-25 average as 100, compared with j6 i n December and 73 November, In comparison with a year ago, the value of sales f o r January was 4 percent l a r g e r . The l a r g e s t increases compared with l a s t year i n t o t a l sales f o r the month were shown in the Cleveland and San Francisco d i s t r i c t s , while a decrease from a year ago was reported f o r the Boston d i s t r i c t , PERCENTAGE CHANGE FROM A YEAR AGO January* Total Number of cities Number of reporting stores +4 503 237 0 +2 +14 53 52 29 27 28 26 13 11 +6 +6 +9 +2 50 39 55 37 24 22 22 19 0 +5 +9 +11 43 IS 20 80 24 12 7 29 Federal Reserve d i s t r i c t s : Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis Kansas City Dallas San Francisco - - - • January f i g u r e s preliminary; in most c i t i e s the month had the ness days t h i s year as l a s t year, ^ of b u s i^/\ LIB R A R Y
@FedFRASER