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I 1 FEDERAL H E S S EVE BOARD September 8, 1932 r&s r t p — 93 For r e l e a s e i n morning papers Saturday, September 10 DEPARTMENT STORE SALES IN AUGUST, 1932 Preliminary r e p o r t Preliminary f i g u r e s on the value of department s t o r e s a l e s show an i n c r e a s e from J u l y to August of somewhat l e s s than t h e estimated seasonal amount. The Federal Reserve Board's index, which maizes allowance both f o r number of b us i n e s s days and f o r usual seasonal changes was 66 i n August on the b a s i s of the 1923-1925 average as 100, compared with 67 i n J u l y and 71 i n June. In comparison with a year ago t h e value of s a l e s f o r August according to the p r e l i m i n a r y f i g u r e s , was 24 per cent smaller; when allowance i s made f o r the f a c t t h a t t h e r e was one more t r a d i n g day i n August t h i s year than l a s t , the decrease from l a s t year i s about 26 per c e n t . The aggregate f o r t h e f i r s t e i g h t months of the year was 24 per cent smaller than f o r the corresponding p e r i o d of 1931• PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO August* Total Number of reporting stores Number of cities 24 ' 494 211 22 21 22 28 98 51 4i 39 28 28 17 13 21 26 27 24 56 23 55 17 24 i4 30 7 22 24 29 25 17 18 15 64 January 1 to August 31* - 24 Federal r e s e r v e d i s t r i c t : Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Minneapolis Kansas City Dallas San Francisco M ' — - M - - 23 15 23 34 23 23 29 29 23 24 28 23 «— - — - —* - • 11 10 6 23 * August f i g u r e s preliminary; i n most d i s t r i c t s the month had one more business day t h i s year than l a s t y e a r .
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