Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-12-07

of seed but without immediate action
to gather inc safely store seed corn
that will terminate, it is probable that
next years acreage will be very con-
siderably reduced. The danger of
such a result, at a time when a large
production of this important crop
is SO urgently needed. is sufficient to
justify the immediate attention of
bankers and business, men to this
question and such action in each To-
cality as will make sur that no corn
fit for use as seed is permitted to be
used as feed or otherwise made un<
available.
Liberty Loan Drive a Success.
The final figures on the second Lib
erty loan, compiled during the month,
are such as to cause great Satisfac-
ton. The Ninth Federal Reserve dis
trict subscribed a total of $14O,932,-
$50, OF approximately s32 yer indi-
vidual or $3.50 per family, on the ba-
sis of population. A fraction better
than IA per cent of all the people in
the Ninth Federal Reserve district
were bond buyers as compared with
an average of "a per cent for the
United States as a whole. Liberty
bonds have found their way into 70
per cent of all the families in the dis
trict, and an especially satisfactory
feature of the result is the fact thai
620,S11 people purchased bonds in
denominations of $4,000 or less. The
exceptionally wide distribution of the
small denomination bonds indicates
that every class Of the~population par
ticipated, and that the sales among
the farmers and in the purely agri-
cultural sections were very satisfac-
tory. .
It is proable that in point of the
general distribution of bonds to the
people, and percentage of bond sales
on the basis of population. the Ninth
Federal Reserve district has done as
well, If not better, than any other dis
trict in the United States.
Normal business, conditions have
prevailed during the month. Whole
sale and retail trade have been sat
isfactory and collections good. Bank
clearings in practically all cases are
about b same as a month ago
Industrial concerns are operating
with large forces of e and labor
has ~been in good demand at good
wages. Labor conditions have been
satisfactory except in st. Paul and
Minneapolis, where difficulties be-
its employees resulted in some disor-
der.
The demand at both city and
country banks has been active and
rates have been very firm, WITH some
slight advances. The discount rates
Of the Federal Reserve bank have un-
dergone fractional advances in order
to bring them into line with banking
conditions throughout the district.
Much Stock Moved. :
An unsatisfactory feature of the
months development a been the
heavy movement of stock out Of Mon
tanaS due<to "a shortage Of iced and
an apprehension on the part of stock
men that ~they<would not be able to
carry stock through. in ase OF anoth-
er winter as evere as the last. This
movement has made heavy demands
on the railroads. with theSresult that
stock cars have been hard ITO obtain
and shipments interfered with in both
North and South Dakota and Minne-
Ssota. A reduced movement from
Montana pronisesssto relieve the car
situation 50 far as " other
shippers. The shortage OIL box cars
issseverely felt at practically all coun-
try points, especially in the western
half OF. the district where cars are
urgently needed to. move grain. Coun-
try elevators r we'll filled, but are
having difficulty in niaking shipments.
The movement to encourage capacity
lOading~has had some effect, but ,is
not yet geneTod enough to provide
Exceptionally favorable weather
Throughout all Of November has per-
Esifted farmers sto complete large
amount Of fail o Recent freez-
Ing weather has puIlan.aend tp plow-