The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
C-"1 <^v* FEDERAL RESERVE BOARD June 9, 1931 r&s r t p - 78 For r e l e a s e i n morning papers Thursday, June 11. DEPARTMENT STORE SALES III MAY 193I Preliminary r e p o r t P r e l i m i n a r y f i g u r e s on t h e volume of department s t o r e s a l e s show a decrease of 6 per cent from April to May on an average d a i l y "basis. Th6 Federal Reserve Board's inde::, which makes allowance both f o r number of business days and f o r usual seasonal changes, was 95 i% May, on the b a s i s of the 1923-1925 average as 100, compared with 10b i n A p r i l and 97 i n March. In comparison with a year ago the value of s a l e s f o r May, according to the p r e l i m i n a r y f i g u r e s , was l 4 per cent smaller, and t h e aggregate f o r t h e f i r s t f i v e months of t h e year was 9 P e r cent s m a l l e r . PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO i May* Total Federal r e s e r v e d i s t r i c t : Boston New York Philadelphia Cleveland t January ] to May 31 - 14 J il 7 g 14 l6 Richmond Atlanta Chicago S t . Loui s 16 12 Minneapolis Kansas City Dallas San Francisco 13 10 12 13 10 10 4 9 s 10 11 13 4 7 10 10 Number of reporting stores Number of cities 540 234 21 102 43 2I 30 29 IB 15 So 20 33 9 21 31 12 17 67 zl *May f i g u r e s preliminary; the month had 25 business days t h i s year and 26 l a s t y e a r . # u