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FEDERAL RESERVE BOARD For release in evening papers Friday, July 10. July 8, 1931 r and s f t p - 79 DSPiSBBNT STORE SALES IN JUNE 1931 Preliminary r e p o r t Preliminary f i g u r e s on the volume of department s t o r e sales show a decrease of 6 per cent from May to June on an average d a i l y b a s i s . The Federal Reserve Board's index, which makes allowance both f o r number of business days and f o r usual seasonal changes, was 96 i n June, on the basis of the 1923-1925 average as 100, compared with 97 in May and 106 in April. In comparison with a year ago the value of sales f o r June, according to the preliminary f i g u r e s , was 3 per cent smaller, and the aggregate f o r the f i r s t half of the year was 9 per cent smaller. PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO June* 1 • Total Federal reserve d i s t r i c t s Boston New York Philadelphia Cleveland January 1 to June 30* Number of reporting stores Number of cities -3 -9 514 222 -6 0 -2 -5 -7 ' -7 -9 -9 103 62 39 35 30 29 17 13 Richmond Atlanta Chicago St. Louis +2 -2 -4 -4 -3 -9 -11 -12 52 27 54 19 24 15 32 9 Minneapolis Kansas City Dallas San Francisco -6 -3 -14 -7 -5 -7 -11 -9 17 23 14 69 9 15 5 24 * June f i g u r e s preliminary; in most d i s t r i c t s the month had 26 business days t h i s year and 25 l a s t year.