New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-29
Federal Reserve Figures for
June Indicate DollarVa luc
Only z p. C.. Under 1920;
Less Favorable i'm Ohio

Retail trade in this vicinity has
been but little affected by the de-
preston. Net sales in dollars by rep
resentative department stores report
ing to the New York Federal Reserve
Bank for the month of June were Z
per cent below those of June last
year and less than ] per cent below
those of May This year, according to
statement issued yesterday by the Fed
eral Reserve agent here. With prices
from 20 to 80 per cent below those of
last year. and the number of trans
actions reported II per cent more
than a year ago, the volume of mer-
chandise going to the consuming pub
lie, according to the reserve agent, is
considerably larger than it was a year
ago. Compared to June, 1919, sales in
June this year were 20 per cent
greater, although the price levels were
approximately the same. Sales for the
first half of 1921 were about per
cent less than in the same period in
1920, but about % per cent greater
than in 1919.
"Stocks held by department stores"
says the reserve agent, declined
about per cent between June l and
July /, a seasonal movement due to
the liquidation of spring and summer
merchandise. Practically no fall goods
have been received as yet, although
there is q disposition among retailers
to place fairly large orders for fall
orders is usually placed in August.
Stocks held by retailers on July
were about ~ per cent below those
held on the same date last year,
whereas sales decreased only about 7
per cent. Stock turnover during the
first six months of 1921 was at the
rate of SO times a year, com pared
with 81 times Il year during the first
six months of 1920 and SO times a
year in the first six months of 1919.
"In June sales by strictly apparel
stores and by the apparel sections of
department stores showed some fall
ing off and sales by housefurnishing
departments some gain. This is in
direct contrast to conditions that pre-
vailed in May, and is due to seasonal
slackening in the demand for clothing
as we'll as to a larger demand for
housefurnishing goods, following price
revisions by many of the department.
stores. Sales of cotton, silk and
WOODEN piece goods were also above
those of last year"
Sales of mail order houses and chain
stores have not been maintained in
recent months as we'll as of depart
ment stores. The accompanying fig
ures, compiled by the bank, bring the
sales of three large mail order bouscs
into comparison with department store
sales:
Mail Depart.
Percentage Chain Order Stores
Comparison Of Sales Stores Houses 2dDist.
June '21 and June, 20 --14To --27Gol- 10
June, '21 and June. 10 1850 --15go 1880
January June. '21 and
January June, go. - 90 -34Ts - $50
Contrasted with New York, the
showing Of retail trade in the Fourth
Federal Reserve District, covering
Ohio, western Pennsylvania and east
ern Kentucky, is less favorable. In
that district June sales, as compiled
by the reserve agent at Cleveland
and made public to-day, were AL per
cent below those of June, 1920, al
though the drop in sales for the first
six months this year, compared to last
year, was but IL per cent.