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I ) FEDERAL RJSIKVE BOARD For release in morning papers Saturday, May 10 M&y 7ยป 1930 r&s r t p - 65 DEPARTMENT STORE SALES IN APRIL, 193O Preliminary report Department s t o r e sales in April were 8 per cent l a r g e r than in the corresponding month a year ago, according to preliminary reports made to the Federal reserve system by 520 stores located in leading c i t i e s of a l l Federal reserve d i s t r i c t s . The increase r e f l e c t e d in part the f a c t that the date of Easter, which was very early l a s t year (March 31), was very l a t e t h i s year Comparison of sales in March and April taken together so as to (April 20). include the Easter s e l l i n g season in both years, shows a decrease of 2 per cent from a year ago. Sales during the f i r s t four months of t h i s year were 4 per cent "below the level of a year ago. PERCENTAGE ]CNCREASE OR D]ECREA.SE FROM J1 YEAR AGO Federal reserve district April* Total (520 s t o r e s ) + g - Boston New York Philadelphia Cleveland + t + t 10 12 6 10 Richmond Atlanta Chicago S t . Louis + + + 12 2 5 10 Minneapolis Kansas City Dallas San Francisco + 1 + 2 - 1 + 5 *April f i g u r e s preliminary March 1 to April JO* 2 January 1 to April 30* 4 520 - 1 + 3 T 7 - 5 + 1 t 2 T 5 - 8 110 51 38 41 - 2 - 10 - 7 - 3 - 1 - 10 - 11 - 7 51 25 57 19 - - 16 24 20 68 4 5 6 0 - Number of reporting stores 7 6 8 2
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