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I FEDERAL \ RESERVE BOARD October 9, 1933 R&S r t p - 106 For r e l e a s e i n morning p a p e r s Thursday, October 12 DEPARTMENT STORE SALES IN SEPTEMBER, 1933 Preliminary report P r e l i m i n a r y f i g u r e s on t h e v a l u e of department s t o r e s a l e s show an i n c r e a s e from August to September of l e s s t h a n t h e e s t i m a t e d seasonal amount, The F e d e r a l Reserve B o a r d ' s index, which makes allowance b o t h f o r number of b u s i n e s s days and f o r u s u a l s e a s o n a l changes, was 70 i n September on t h e b a s i s of t h e I923-I925 a v e r age a s 100, compared w i t h 77 i n August and "JO i n J u l y , In comparison w i t h a y e a r ago, t h e v a l u e of s a l e s f o r September a c c o r d i n g to p r e l i m i n a r y f i g u r e s , was 2 p e r cent l a r g e r . The a g g r e g a t e f o r t h e f i r s t n i n e months of t h e y e a r was 9 p e r cent s m a l l e r than l a s t y e a r , PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO September* Total Federal reserve d i s t r i c t : Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Minneapolis Kansas City Dallas San F r a n c i s c o January 1 to September 10* Number of reporting stores Number of cities +2 -9 466 221 0 -3 +13 +16 -11 -10 -9 -5 52 51 37 33 27 25 16 11 +2 -2 +5 -11 -g -g -7 -9 53 22 58 21 23 13 32 10 -9 -7 -3 -9 16 21 21 81 10 13 10 31 -3 • -5 -9 0 * September f i g u r e s p r e l i m i n a r y ; i n most c i t i e s t h e month had t h e same number of b u s i n e s s days t h i s y e a r and l a s t y e a r .