The autumn and holiday season trade thus far has justified rather completely the optimistic prophecies frequently made for it in earlier months. Employment is practically complete, wages in many lines are very high, and the public is buying goods in generous quantities. The Federal Reserve Board's index of department store sales established a new high record during last October, which was 6% over the level reached the previous month. Sales of woolens have been particularly large; with cotton and silks dragging considerably behind. In anticipation of the Christmas trade, stores began to stock...
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