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^v GOVERNORS OF THE FEDERAL RESERVE SYSTEM * *For* s@kad&^L%d * * ^ evening papers November 9, 1935 r ^P *" 3 ?vember 12 DEPARTMENT STORE SALES IN OCTOBER 1935 Preliminary r e p o r t Value of department s t o r e s a l e s showed l i t t l e change, on the b a s i s of d a i l y averages, from September to October, a season when t h e s e s a l e s u s u a l l y i n c r e a s e . The Board 1 s index, which maxes allowance f o r usual seasonal movements and f o r d i f f e r e n c e s i n the numoer of business days, was 77 percent of the 1923-25 average i n October as compared with 82 percent in September and 79 percent i n August. Aggregate d o l l a r volume of s a l e s i n October was 6 percent l a r g e r than a year ago and f o r t h e f i r s t t e n months of the year was 4 percent l a r g e r ,than during t h e corresponding period i n 193*+• REPORTS BY.FEDERAL RESERVE DISTRICTS Percentage change from a year ago January 1 to October* October 11* Number of stores reporting Number of cities included 529 254 + 5 + 4 Boston New York Philadelphia Cleveland + 1 - 1 + 4 +10 + + + 1 1 2 4 51 55 34 3b 28 28 lb 12 Richmond Atlanta Chicago St, Louis + 4 +11 +12 + 9 + + + + 7 5 6 1 58 38 53 37 26 21 27 21 Minneapolis Kansas City Dallas San Francisco +12 +11 + 9 +12 + 7 + 6 + 6 +10 39 17 24 87 21 12 11 31 Total Federal Reserve d i s t r i c t s : * October f i g u r e s preliminary; i n most c i t i e s the month had t h e same number of b u s in e s s days t h i s year and l a s t y e a r .
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