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FEDERAL RESERVE BOARD March 8, 1934 E&S r t p - 111 For r e l e a s e i n evening papers Saturday, March 10 DEPARTMENT STORE SALES IN FEBRUARY 193^ Preliminary r e p o r t Preliminary f i g u r e s f o r February i n d i c a t e t h a t , as i s usual a t t h i s season, t h e r e was l i t t l e change i n department s t o r e s a l e s from the preceding month. 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 fQ i n February on t h e b a s i s of the 19231925 average as 100, compared with 69 i n January and 69 i n December. In comparison with a year ago, the value of s a l e s f o r February according to preliminary f i g u r e s was l 6 p e r cent l a r g e r . I n c r e a s e s compared with l a s t year were r e p o r t e d f o r a l l d i s t r i c t s , the l a r g e s t i n c r e a s e s being i n the Dallas, Atlant a , Chicago and Cleveland d i s t r i c t s . The aggregate f o r the f i r s t two months of the year was 17 per cent l a r g e r than l a s t y e a r . PERCENTAGE INCREA.SE OR DECREASE FROM A YEAR AGO February* January 1 to February 28* Number of reporting stores Number of cities Total +l6 +17 503 258 Federal Reserve d i s t r i c t s : Boston New York Philadelphia Cleveland + 9 + 6 + 8 +29 +15 + 9 +10 +27 55 5^ 30 20 29 27 13 12 Richmond Atlanta Chicago S t . Louis +11 +37 +32 +24 +n +34 +26 +24 -4i 4i 60 35 23 25 27 20 Minneapolis Kansas City Dallas San Francisco +18 +21 +38 +l4 +l6 +20 +34 +lb 50 22 20 75 33 15 7 27 *• February f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had the same number of bus in e s s days t h i s year and l a s t y e a r . /
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