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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM G.7.1.2 FOR IMMEDIATE RELEASE May 5 , 1958. ^ MONTHLY DEPARTMENT STORE STOCKS (Based on r e t a i l " d o l l a r amounts) ^ 6 MARCH 1958 lg$8 Department s t o r e stocks declined f u r t h e r In ^ March a f t e r allowance f o r the usual seasonal change. The seasonally a d j u s t e d index i s estimated a t 11*3 per cent of the 191*7-1*9 average compared with lU6 f o r February and 150 f o r March a year ago. Federal Reserve District Boston New York Philadelphia Cleveland Index numbers (Ave rage end-of-month stocks 191+7-h9=100) Unadjusted Seasonally a d j u s t e d 195o 1958 1957 1957 Mar. Feb. Feb. Mar. Mar, Mar. Percentage change March 1958 from Month Year ago ago 129 13k 1U9 126 rl3U rl35 rl5l 130 11*0 137 150 135 131 138 15U 130 rl26 127 rll*5 125 11*2 114 155 139 + 5 -f 8 + 6 4- 1* Richmond Atlanta Chicago S t . Louis P163 pl9U 131 ll*o 166 199 135 11*2 176 202 139 II48 P173 p20l* 132 ll*6 15'9 197 127 138 187 212 11*1 + + + + 9 3 1* 6 - 8 - 1* - 6 Minneapolis Kansas City Dallas San Francisco 132 pll*8 pl62 Plli 9 rl3S 151 163 151 11*5 159 rl68 rl5U 136 Pl53 P170 rl32 + Pl5o 158 ll*2 11*9 165 rl77 156 4- 2 6 8 6 - 9 - 7 -1* -1* pll*3 11*6 150 P1U7 139 155 + 6 - 5 United S t a t e s il*5 15 U + 4- - 8 2 1 7 - 5 p—Preliminary. r—Revised. Note;—Indexes are based on value of stocks a t end of month. For d e s c r i p t i o n and monthly indexes f o r the p e r i o d January 19k7 t o October 1957 see Federal Reserve Bulletin f o r December 1957, pp. 1323-1352. Indexes p r i o r to 191*7 may be obtained from the Division of Research and S t a t i s t i c s . Indexes f o r the most recent thirteen-month p e r i o d are shown r e g u l a r l y i n the B u l l e t i n . Percentage changes are based on unadjusted indexes.