The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-07-08
FARMERS ARE
HOLDING STOCK
RENEWED CONFIDENCE OF AeRl-
CULTURAL NORTHWEST RE-
ELECTED IN REDUCED
SALE or CATTLE!

St Paul, July s.-That the farmers
ot Sthe northwest generally have re-
gained confidence in the crop situa-
ton To q large extent is plainly in
dictated. by the disappearance of the
heavy excess OF live stock receipts
at, South ST. Paul over the normal
summer runs such as was quoted a
week or two ago. In marked contrast
TO the almost frenzied marketing Of
stock, such as followed reports of wide
spread damage to crops and pastures
the latter part of June, most depart
ments at South st. Paul show a falling
or In receipts since July / as com
pared with the same period the year
before.
The shrinkage is not to be attributed
to a decline in prices as in almost ev-
cry instance stock is selling on the
market at higher rates at the be-
ginning Of the month. With the hay
crop admittedly a partial failure in
many places and a complete one in a
few, the situation has been such as to
give stockmen and farmers in general
considerable concern as to the ways
and means of retaining their stock un-
til 1t is in condition.
Northwestern farmers are proving
equal to the situation and 1t is expect
ed that hundreds OF them will respond
TO the plea sent out from the agricul-
tural colleges at st. Anthony Park and
Fargo, N. D., to prepare feed for their
stock by planting fodder corn. AL
ready large acreage of this crop is
in, according to reports from the
country, and miIlet has also been sown
in large quantities.
Farmers realize that the very fact
that many stockmen have been forced
to liquidate their stock will make it all
the more profitable for those who are
able to hang on to do so. Dairymen
appear to, be more generally alarmed
than farmers who grow stock for the
block, and the sale Of mich cows at
South st. Paul is the one feature of
the marketing these days.
Farmers Not in Want.
Local investment men say that dry
weather in the northwest has had lit
tie effect on the mortgage loan bust
ness. What effect there has been, is
along the line of helping the men who
have money to loan.
2. w. Randall president of Mu-
tual Life Insurance Co.., says. the COM
pany did more business in June than
in any other month for three years.
Grant Van SAINT, vice president of
a local investment company, says
that, the parts, of the northwest
which are usually without much mois-
ture have had rains this year, and
the drfest weather has been in, those
portions OF the country where there
have been excellent crops for years
past Farmers there have money in
the bank and will not come to want
IL crops us year do not rnateriaIize.
Mortgass loan men say that loans in
the Dakotas have been placed with.
conservatism, especially In view Of
the constantly increasing value Of
cultivated land there. For this rea-
son there will be little or no. tendency
to dispose, Of loans previously made.
Several loan men agree that more
satisfactory rates can be obtained now
than at the first of the year. Farm
ers in the northwest have not been
especially anxious to borrow money,
and in many cases they were the ones
In position to dictate terms.
Farmers have had abundant crops.
Their granaries have been more than
over. They have got top
prices for all their products, and
don't look for any serious results
from this lack of rain, from the stand
point Of the mortgage loan business"
said another man. 80