The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1915-11-11
n. W.FARMERSA RE
BUILDING S|L0S
MORE THAN EVER BEING ERECT.
Ed IN THIS DISTRICT, SAYS RE.
SERVE AGENT J. n. RICH
MORE FINANCING BY BANKS To Be DONE
Corn Situation Will Make an Increased
Demand for Money Necessary-In-
crease in All Business

Information from numerous cores.
pondents confirms the earlier reports
OF severe damage to corn. says John
II. Rich, federal reserve agent of the
Ninth Federal Reserve Bank. The
crop is a partial failure over a large
part OF the area where it is an import.
ant item of production and the farm
ers of the Ninth District face a ser.
ious problem in being suddenly called
upon TO utilize an immense amount of
valuable feed. Reports from many
points show a rapid increase in bills
of lumber sold at local yards for silo
construction. The Northwest has
probably lever seen more activity in
preparations to onver corn into en-
silage for winter feed. This is the one
desirable result of the peculiar con-
ditions arising out of the failure Of
much of the crop TO mature. In many
sections where farmers are not pre-
l"4NN ~ NOAlSlA Ut S4AOS, lAIt QUESTION
is a difficult one and there is active
inquiry as to how soft corn can best be
saved and utilized, These conditions
have brought about a widespread in
quiry for stock to place on feed, and
are beginning to produce considerable
demand for accommodation at local
banks.
Most Of the farmers in the corn
growing sections have been ~forehand-
ed in providing seed for next years
planting and agricultural experts say
that there is nc danger upon this score
Grain Shipments Get Setback
A second unusual feature of October
conditions was a severe setback to
grain shipments during the first two
thirds of the month, owing to rain ard
unfavorable weather over practically
all Of the grain-growing territory.
Heavy roads prevented farmers from
hauling grain to local elevators and
the rains stopped threshing and SER
iously interfered with fall blowing.
There was general apprehension that
continued rains would cause serious
damage to grain in the shock and
sever loss after one of the best crops
this district has ever seen. Clear and
cool weather during the last ten days
of the month has relieved this appra-
hension and started a flood of grain
into the terminal markets at Mime
apolis and Duluth. Record receipts i'm
mediately followed the change in wea-
Their conditions and grain is moving in
very heavy volume. There is some
fear of car shortage at local grain
shipping points, but this has been dis
counted by the railroads, which have
prepared in advance for a large move
ment during the remainder of the ship
ping season. The shortage of grain
receipts at Minneapolis during the
first two-thirds of the month was a
serious embarrassment to the milling
trade which had difficulty in securlng
enough dry, hard wheat to grind dur
ing a period when orders were heavy
and the trade unusually brisk. Practi.
cally the entire Minneapolis milling
capacity is employed and -four ship.
ments have been very large. The very
unusual conditions in the grain trade
have maintained good prices and cash
wheat has been at a premium through
out the month.
Retail trade and collections both suf
fered because Of the setback to thresh
ing, and the month has been dull SC
far as merchandising at local points
is concerned. Wholesale houses have
been experiencing an increasing vol
ume Of orders and the outlook for No
vember and December is bright. Will
the resumption Of shipments ant
heavier receipts at terminal markets
farmers will be better prepared to taxi
ARE of their local obligations durins
the next thirty days and a period O
very good business is anticipated.
Industrial lines are in good condi
ton and reports from all parts of tn,
district where manufacturing is a fac
tor, are favorable.
Collections Are Lower
Until this date the collections O
wholesale houses at the larger point
are lower on the percentage basis a
against sales, than in either 1914 o
1913 due to the slowing down Of trad,
at local points. Probably not NOR
than Is to 1919 Of the grain crop Ii
western Minnesota. North and Soutl
Dakota has been threshed. This ha
had a tendency to retard collections
but the improved conditions in tn
grain belt will. 1t is believed. ovel
come the October record and produc
excellent collections dpIing Novembe
and December. The inost favorabl
feature OF the situation IL that tn
farmers have become very appreher