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FEDERAL RESERVE BOARD September 10, 19j4 R&S r t p - 117 For r e l e a s e i n evening papers Wednesday, September 12 DEPARTMENT STORE SALES IH AUGUST, 1934 Preliminary report P r e l i m i n a r y 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 c o n s i d e r a b l y more t h a n t h e e s t i m a t e d s e a s o n a l amount. The Federal Reserve B o a r d ' s index, which makes allowance f o r d i f f e r e n c e s i n t h e number of b u s i n e s s days and f o r u s u a l seasonal changes, was 79 i n August, on t h e b a s i s of t h e 1923-1925 average a s 100, compared w i t h 73 July and 74 i n J u n e , I n comparison w i t h a y e a r ago, t h e l a r g e r , The l a r g e s t i n c r e a s e s compared A t l a n t a , and Chicago d i s t r i c t s , while a Boston d i s t r i c t . The a g g r e g a t e f o r t h e cent l a r g e r t h a n l a s t year*, value of s a l e s f o r August was 2 per cent with l a s t year a r e shown i n t h e Richmond, decrease from a y e a r ago i s r e p o r t e d f o r t h e f i r s t seven months of t h e year was 15 per PERCENTAGE INCREASE OR DECREASE FROM A YEAR AGO January 1 to August 11* Number of reporting stores Number of cities 2 + 15 460 229 4 0 3 0 9 g + 12 + 23 52 50 36 18 30 25 15 11 Richmond Atlanta Chicago S t , Louis 4- 10 + 6 + 6 0 + 16 45 34 47 37 19 21 26 20 Minneapolis Kansas City Dallas San F r a n c i s c o + + 36 17 20 68 17 12 8 25 August* Total Federal Reserve d i s t r i c t s : Boston New York Philadelphia Cleveland. + — + + 0 5 2 5 + + + 31 + 21 + 13 + 10 + 17 + 25 + 9 * August 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 .
