Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-10-08
Will Continue 50 For Some
Time, Says Federal
Reserve Agent.
MILLING SITUATION
Farmers Prosperous and Elk
pected to Invest General
ly in Liberty Loan.
By John II. Rich.

Chairman and Federal Reserve Agent.
Business in the Ninth Federal Re-
serve district is good. . There were no
developments during September to in
dictate hat it will not continue in sat
isfactory volume for some months to
come. The final return on the 1917
crop will probably be better than the
estimates Of 80 days ago., and 1t is al
ready clear that with a crop in the
eastern hall OF the district, which is
unusual from the standpoints OF yield
and money value, that the prosperity
same extremely favorable pricea cover
the whole range Of marketable farm
products, from the western n Of the
district as we'll, which although it did
not harvest the same crop, has still Z
considerable amount of grain and live
stock.
Milling situation Improved.
During the early part of the month,
the principal mills we're Handicapped
by slack deliveries, and were not able
to get sufficient supplies Of new wheat.
The milling situation is somewhat ia
proved now.
Wholesale houses make very favor-
able reports as to both sales and COL
iections. Even lines the are ordinarily
rather quiet at this season of the year.
show satisfactory activity, and orders
are in good demand.
The chief interest at this date cer-
tiers upon the second Liberty Ioan NJ
1917. The Ninth Federal Reserve
allotment OF 100000. 900, and it. "a
expected to raise 3175,00o,0 900, The
sums seem great, but represent In :s1r
only about 8 1-2 per e n Of the nral
amount that must be raised u2nn t.:e
second loan. The apportiOnMsnt ~
the states of the Ninth district "a .
on the general basis of their banking
resources and the investinx aba.,t2
Of the people has been taken tnn Ls~
sideration.
Organization More Cnsmpie1>
With a much larger and much rahrs
complete organization than It MAJ 11,a~
sible to form during the trst yhs6.
and with the valuable e~xDertsnn< aa.s4-
ed in May n June an a E1iG@, X n
probable that the second lnan VIZ ~:
far more successful than the sra
Banks, business men and iGGJylE Dz.s
should, however, bear clearly ~ tass6
that without the nEs0s shS a7.-
ergetic efforts, an OYER 30 bscr5rf;r=
the Ninth Reserve district ia sarfsy
probable. The tsrrttnry IL isr1a,y
agricultural and the rrob,4re 1T rss1s-
ing tho farmers 10 No difficult ehsr.
there Ii practically no sciutsnr sxA4os
for the committeeman tn isdsvfE 5a,iy
call upon each farmer ia afs hISs4.
The second loan at A 8 per t>rx rAsA
Will undoubtedly make 4 6fcaH sg-
pasl to all cIassAs Of th4 Se<1,4 n
should especially appeal 70 mo sfm&-
ers. since 1t ls the hf4ssst Srsfb.H
type OF investna ent, INC fk4s@ ~ 40
Investment more readily convsrGiDie
into cash y no c~o1iazA444 mora ys4-
sable thai & per cent Lb4rty b>nbs
Th4 farmArs ~ the B6rsH1ek naye
prosDeTed Heatiy. and 81 If ey5eesA1
that they, WITH 6Eher elassAa 81 gss
irsbpse, WIFI ffvesz 44ne4o,lssy IN L4,-
sSty bondss
EsesybrAy Ca HesH
a0t afE OF tn4 c@opse o. the Nfntb
rsd1szl Esssrve 6isfSfrt vfH have IN
,SvSssttAfey tn serve on LAberty loan
essRsRftsss4 bae svery fndivfd,,aI
sssDSGH HasfaefS&s4 fl this imperative
euvssENssSG Those wfs0 eann0t be
sppn1s<hSA tsAs,5dua1sy shou5d al
vntf ~ ~ fByftaf1Dn but sliouA vol
1nsess 49, sssyfea0 70 thsar Jonal
bank . fbsG1 1Oc11 Liberty Ioaa
conn1tfs~ and 5oln bsa1ta1y II the
work q p canapadm Ths ee-opsra-
don u organiIat1ons, societies and
clubs = es1ectaliy invifsA. . r de
help and &tstance 81 country and CITY
school eupertntendsnts, and the great
army 81 teachers IN urban and rural
col taHssghcpt.tAS 1OsthWsst