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BOARD FEDERAL RESERVE BOARD May 9, 1935 R and S r t p - 125 For release in evening papers Saturday, May 11 DEPARTMENT STORE SALES IN APRIL 1935 Preliminary report Department store sales increased from March to April by considerably less than the estimated seasonal amount. The Federal Reserve Board's index, which makes allowance for differences in the number of business days, for usual seasonal movements-, and for changes in the date of Easter, was 74 in April, on the basis of the 1923-25 average as 100, compared with 82 in March and 75 in February, Total dollar volume of sales in April was larger than a year ago by 12 percent, r e f l e c t i n g chiefly the influence of the l a t e r date of Easter t h i s year and of the larger number of working days. The aggregate for the f i r s t four months of this year was 3 percent larger than for the corresponding period a year ago, PERCENTAGE C A G P O A TEAR A O HNE RM G I April* January 1 to Aoril 30* Number of reporting stores Number of cities +12 + 3 513 238 Boston New York Philadelphia Cleveland + 8 4- 6 +16 +13 - 4 — 2 0 + 3 52 53 28 37 26 27 12 10 Richmond Atlanta Chicago St. Louis +21 +12 +11 0 + 7 + 4 + 7 0 55 37 63 38 25 23 28 21 Minneapolis Kansas City Dallas San Francisco +11 + 5 +14 +22 + + + + 42 16 22 80 20 10 10 26 Total Federal Reserve d i s t r i c t s : I 3 5 5 8 * April f i g u r e s preliminary? i a roost c i t i e s the month had eae more business day t h i s year than l a s t year.
