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;^ "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Fpr, morning papers »Mortify, OctoberlO October 8, 1938 R&S rtp - 166 , <v> f* - tr - • U / - ' : D E P A R T M E N T STORE SALES IN SEPTEMBER 1938 Preliminary Report Department store sales increased, by more than the usual seasonal amount from August t@ September, and the Board's adjusted index was 86 percent of the 1923-1925 average in September as compared with 83 in each of the tw« preceding months. The indexes are shown below for the last three months and for September 1937: 1938 1937 Index of department store sales Sept. Aug, July Sept. 1923-1925 average = 100 Adjusted for seasonal variation 86 83 r83 9& Without seasonal adjustment 91 65 58 100 Total sales in September were 9 percent less and in the first three quarters of the year 10 percent less than in the corresponding periods of 1937. REPORT BY FEDERAL RESERVE DISTRICTS Percentage change from a jrear ago • Nine 111VX1 vXiO Sorting Number of cities included Total i o i September* Number of stores re539 253 -7 -8 -14 -16 52 57 31 40 32 30 15 13 -4 -3 -9 -8 -4 -4 -14 -7 53 24 73 34 25 16 30 17 -S -10 -6 -15 -4 -7 -2 -9 40 25 19 91 21 17 8 29 -9 -11 -6 -12 -14 Federal Reserve districts t Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco * September figures preliminary; in most cities the month had the same number of business days this year and last year,
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