The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BQt^D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM May 9, 1939 R&S r t p - 173 f p f , - r extso.Be e l e a s e iAUJSM5 n .^^e.fting papers DEPARTMENT STORE SALES IN APRIL 1939 Preliminary Report Department s t o r e s a l e s showed t h e usual seasonal r i s e from March t o April and t h e Board's a d j u s t e d index remained a t 88. The index i s shown below f o r t h e l a s t t h r e e months and f o r April 1938. I Index of department s t o r e s a l e s 1923-1925 average = 100 Adjusted f o r seasonal v a r i a t i o n Without seasonal adjustment Apr. 1939 Mar. Feb, 1938 Apr, 88 88 88 82 87 69 83 86 Total s a l e s i n A p r i l were 1 percent l e s s than i n April of l a s t y e a r . .When, however, allowance i s made f o r t h e f a c t t h a t t h e month had one l e s s business day t h i s year t h a n l a s t and t h a t i n 1939 E a s t e r was on April 9, while i n 1938 i t was on April 17, t h e volume of s a l e s on a comparable b a s i s was 6 p e r c e n t above t h e amount f o r t h e corresponding month a year ago, REPORT BY FEDERAL RESERVE DISTRICTS Number Percentage change Number of cities of s t o r e s from a year ago included r e p o r t i n g A p r i l * Four months . Total -1 +1 567 263 -1 -4 +1 +3 51 59 33 28 31 30 13 12 0 +6 +2 +2 57 27 95 34 27 20 31 17 +1 -1 0 38 26 20 99 19 17 10 36 Federal Reserve d i s t r i c t s : I Boston New York Philadelphia Cleveland -4 •*5 +1 +1 Richmond Atlanta Chicago S t , Louis —6 Minneapolis Kansas City Dallas San Francisco -1 -1 -1 -4 +4 +4 +1 • +2 * April f i g u r e s p r e l i m i n a r y j i n most c i t i e s t h e month had one l e s s b u s i n e s s day t h i s year than l a s t . y e a r .
@FedFRASER