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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For release in evening papers Saturday, September 9 , . September 8, 1939 R&S rtp - 177 | DEPARTMENT STORE SALES IN AUGUST 1939 Preliminary Report , Department store sales increased by more than the usual seasonal amount from July to August and the Board's adjusted index advanced 3 points to 89, about the same as the level reached in the latter part of last year. The index is shown below for the last three months and for August 1938, Index of department store sales August 1923*1925 average = 100 Adjusted for seasonal variation 89 Without seasonal adjustment 70 1939 July June 86 60 86 83 1938 August 83 65 Sales in August were 7 per cent larger than in August 1938, and the total for the first eight months of the year was 4 per cent above last year. REPORT BY FEDERAL RESERVE DISTRICTS Percentage change Number Number from a year ago of stores of cities August * Eight months reporting included +7 +4 509 237 Boston New York Philadelphia Cleveland +1 +6 +4 +13 +2 0 +5 +6 51 61 23 27 31 30 10 11 Richmond Atlanta Chicago St, Louis +6 +15 +7 +12 +3 +9 +6 +6 50 25 90 33 25 17 31 16 Minneapolis . Kansas City Dallas San Francisco +10 +7 +1 +3 +4 +1 +1 +3 34 17 20 78 16 11 10 29 Total Federal Reserve districts: * August figures preliminary; in most cities the month had the same number of business days this year and last year*.
@FedFRASER