El Nuevo mexicano., 1919-06-26
HIGH TIDE OF GENERAL BUSINESS
AND INDUSTRIAL ACTIVITY SHOWN IN
TENTH FEDERAL RESERVE DISTRICT

I Reports, however, Indicate that the
rust did little damage as it did.not
reach the heads containing the grain
while in all but o few instances the
warm weather and sunshine follow
ing brought up the wheat SO It could
be cut without material loss. In WyO-
ming wheat is reported exceptionally
good in patches favored by pleptious
showers, and medium to poor in re-
gions less favored with moisture. In
Colorado and New Mexico, where
cold weather held on ipt0N May and
retarded growth. the wheat is heading
out well and promises a good yield.
The harvesting which began in Ok
lahoma early in June is now under
way as FAR north as Central Kansas
Federal and state employment agen-
eies, with commercial and civic bod
les in cities and towns cooperating,
are endeavoring to supply plenty of
haryesters, and generally with fair
success. While complaint OF a short
age OF labor are coming from numer
GUS sections, IL is believed the situa-
tion will be handled and the wheat
will be taken care Of.
The frequent rains w the eastern
half Of this district also were unfav-
orable to the proper growth and de-
velopment OF oats and rye, and also
for the proper cultivation of corn.
Considerable damage to corn by cut
worms is reported in many sections,
necessitating much replanting- Freez-
ing weather late in May did consider
able damage TO small crops in Colo
RADIO. The fruit crop is reported fair
in the Missouri valley. In the noun
tain regions some damage to fruit by
frost is reported.
Grain Movement,
Movement of grain to the markets In
May and in the first half Of June was
somewhat smaller In volume than it
was In the earlier weeks of this year,
Still, the receipts of wheat, oats and
rye at this season are heavier than q
year ago at this time. Corn receipts
are considerably less than last year at
this time, which is due to the short
crop Of last fall.
Even with a record wheat crop in
sight there has been no material
weakening of prices such as might
have been anticipated. This Is due
mainly to the fact that stocks Of 1918
wheat are pretty we'll cleaned up and
anly a small supply of old wheat Is
in the hands OF the farmers, No. 2 hard
wheat sold on June 7th at $2.52@2,54
at Missouri River points. Corn was al
maintaining its remarkably high
record, No. ? selling at S1.75@1,7 on
the same date.
While a large majority Of dealers
apparently are holding back their or
ders until the new wheat crop begins
to arrive at the markets, the millers
have been producing flour at close to
40 percent capacity, while at this
time last year their operations we're
below is percent capacity. Millers,
however, would welcome an oppor-
tunity to make q general cleanup be-
fore beginning ON the new 1919 wheat,
and they are not pushing sales.
Live Stock Markets.
While receipts Of cattle at the SIX
markets of this district dropped off
about $4,000 head, or nearly 7 per-
cent, in May as compared with the
receipts Of May, 1918, the supply Of
calves, hogs and sheep, and also Of
horses and mules, showed a substan-
Iial gain over the record of a year
ago. rM -rs
In the face Of the slight falling Off
IN receipts OF cattle top prices Of ma
i've steers were $3.50 in May as com
pared with 1880 in April and s17.75l
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