Philip weekly review and Bad River news. [volume] (Philip, Stanley County, S.D.) 1912-1918, 1917-02-22
JANUARY A SURPRISE
IN BUSINESS WORLD
FEDERAL RESERVE AGENT FINDS
CONDITIONS IN DISTRICT
NOT AT ALL DULL


report of crop and business con-
didions in the nimhh federal ne
serve district for january. pre-
pared by john H. Rich, federal
reserve agent.
In some respects january was
a IN nth of surprises. The usual
lull in business after the holi-
days WAS less pronounced than
in t Tme1r yeals, and january
retail tlrtadte WAS satisfactory,
both in the cities and at country
points. The usual failing eff of
bank deposits ard loans and
dlScorhts was less marked than
usual, and the demand, alth ugh
atFs continued how and showed
but little chIange. was satistac-
tory. Over the district as a
whole, there is evidence off sub
stamtial prosperity The po II
crops have evidently had little
effect i'm impairing the purchas-
ing r0wer of the FARMERS, and
heln has been a continued and
noticeaIhlIe disp stiom ito make
Investments in the kind of perma
nent farm improvements that
cntrilmte to prodcction and
to better farm meth IDS. From all
parts of the district, reports
show that SINCE the last crop was
out of the way, farmers have
een r'utt.mg mp dairy BARNS,
,ilos and il lg houses and have
been buying freely Of good stock
This WAS especially IN tive cable
in December and january in
eastelm Montana, where the
var demand has taken thousands
of head of horses, and where
farmers have been buying freely
of first GLASS breeding st Ick
from the breeding farms of SOU
thern Minnesota, Iowa ahld Tli-
nois. 1t lis predicted that an in
direct result Of tine War will be a
very substantial improv i'm
Moht anna. breeds, resulting from
the ability of stockmen to clean
up their old stock, and ein-
ploy the proceeds I'M re rganiz
ing their business on a better
basis. Much the Same process is
in progress with respect to cattle
and a Large amount Of good breed
ing stock has moved during ne
cent weeks in to the Dakotas
and Montana.
The spling outlook is favor
able. Whatever ulnfa V orable in
fluenees may come from the pre-
emit serious international situa-
ion cain hardly effect, to- amy
great degree, the Substantial
prCsI elity of this district. The
next crop will probably go into
the ground Nnder very favorable
conditions. There has been excel
ent pre'paratiC IN of the soil, and
while there as danger of heavy
,pring floods, the district as a
whole has the promise of go9h
moisture conditions.
lndnHt rial enterprises are do
mig a large business and have
satisfactory ordels ahead. Mer-
chants are not overbuying and
from the evidence available,
seem to have taken stock of the
general satluatitm, with the re-
suit that they are exercising
,iuudemoe Individuals are buying
freely, but not recklessly. Colllec-
tions are good. Savings bank fig
unes indicate that a large sec
ton of the public is exercis-
ing commemdable thrift.
Sudden unfavorab1e develop
memts may create lower price
.evels for farm products, but in
that case, are almost certain to
bring recessions in the present
extremely high prices of all the
Things that enter into the cost
Of living, and lit is therefore
evident that with a satisfactory
crop year, agricultural prosperity
will continue, although there
may not be the heavy Show of
money into the hands of the
farmers that has continued for
more than a year.
January was a heavy month at
the South st. Paabl stick market
Cattle Receipts amounted to 81
855 head as against 1928 year
ago; receipts of calves were IL,
l61 as against 5000; and sheep
1882 as against 60,572 a year
ago. The figures show a de-
crease of 146,989 i'm receipts of