Two Chicago Houses

Combined March sales of Sears Roebuck & Co. and Montgomery Ward & Co. were exceeded only once before, in 1920, when prices were about at the peak. Considering the difference in price levels, last month s business was better than in 1920.

The continued remarkable recovery in the mail order business leaves little doubt that the American farmer is both able and willing to purchase.

Sears-Roebuck sales last month were $19,755,338, an increase of 25 03% over March, 1922, while sales for three months at $55,800,179 showed a gain of 31.6% over the first quarter of last year. Montgomery-Ward sales last month were $12,975,073, an increase of 61.55% over March, 1922, while sales for three months at $30,515,616 showed a gain of 57.21% over the first quarter ot 1922.