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1927 - 16 P&S 3D I- 50 P E D E S A L B E 8 E 3 7 S BOARD STATEMENT FOB T1IE PRESS For release in morning papers, Friday, June 10, 1927. Detail Trade in May, 1927. Be tail trade of 629 stores reporting to the Federal reserve system was 3 per cent smaller in May, 1927, than in Iky, 1926. Sales of two m i l order houses were in approximately the same volume as a year ago, while those of fiveand-ten-cent chain stores (8 chains) were 5.7 per cent larger, reflecting in part a growth in the number of stores in the different cliain systems. Jteports by Federal reserve districts indicate that sales of department and other retail stores were smaller than in May of last year in all sections of the country, e:ccept in the Dallas and San Francisco districts where thoy were slightly larger. The largest docreases in sales from May of last year wore in the Philadelphia, St. Louis and Minneapolis Federal reserve districts. Of the total number (629) of firms reporting for the country as a whole, 439 showed smallor sales than last year and 190 reported increases. Percentage changes in dollar sales between May, 1926, and May, 1927, and the number of stores reporting are given in the following table: Federal Be servo District : Percentage of incroaso or • Number of stores : decrease in sales - April, :Total : Number reporting : 1927»compared with A~oril. 1926:re porting: Incroaso :Decrease Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Oity Dallas San Francisco Total Mail order houses Five-and-ton-cont stores + 3.5 2.9 6.5 2.3 3.7 1.8 4.3 9.2 8.1 3.0 1.5 3.1 86 58 89 76 46 34 60 22 15 30 13 100 — 3.0 629 + + 0.05 5.7 — - - — - + (2 houses) (8 chains) 29 15 17 27 • 15 9 9 3 0 12 5 49 190 57 43 72 49 31 25 51 19 15 18 8 51 439
@FedFRASER