Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-09-27
SURVEY REVEALS
IMP R9lEMENT IN
RAILROAD GLUT
Cor Shortage Somewhat Re-
lleved, But Continues to
Affect Many Lines of Bus
mess Reserve Bank SAYS.

Ssr MORNING. JOURNAL SPECIAL IsAsEp WISH
Kansas City, Mo-, Sept. 26.-Cal
shortage continues to afford many
lines of industry in the Tenth fed
eral reserve district, according tC
the monthly bulletin issued Sep.
tember rs by the federal reserve
Dank here. Traffic conditions
though still unsatisfactory, are re.
ported improved, however, by the
bulletin, which says;
The railroads. according to nj,
reports, put larger efficiency in c
the movement of crops without ma
terially aiding their equipment, and
although the transportation service
is far from adequate there is less
complaint of car shortage, DELAYED
freight and congestion"
Continued favorable weather has
resulted in a further increase in
the volume of grain crops, and
farmers in many districts are keep
ing grain on the farms, waiting for
a favorable market. or feeding corn
TO cattle. Grain receipts at Kan
sas City, Omaha and Wichita dur
ing August were only about so per
cent of the receipts of August, 1919.
The car shortage and deter
mination on the part of the grow
ers to hold wheat on the farms
rather than sell at prevailing
prices" says the bulletin, are said
TO have curtailed receipts"
Livestock is reported in excel
lent condition in all parts OF the
district with an over abundance of
feed for fall and winter and pas
lures in splendid condition. There
is strong movement of stocker
and feeder cattle from the markets
to the farms and ranges, and indi-
cations are said to be that the late
fall and winter will see a larger
proportion of fat stock and smaller
of half-finished stock on the mar
ket."
Merchants in the district, while
anticipating an unusually good fall
and winter trade, are showing
much caution in placing orders for
goods on account of uncertainty on
prices of merchandise.
Oil production has continued to
boom, and in the first eight
months of 1920 has shown an in
creased production of 1S,234,559
barrels over the corresponding pc
riod of 1919-a PAS per cent in
crease. Pipeline shortage is begin
ming to affect production the bull
letin reports, particularly in Wy
oming.
While lead and zinc mines
showed increased production dur
ing August over July, and leat
prices rose $14 ton and zinc
prices 81 ton conditions are still
not satisfactory in the industry.
"Production conditions" the bul'
letin reports, continue to be diff
ficult, and fuel from the Kansas
fields is difficult to obtain. while
other mining and milling supplies
are getting out of stock in many o.
the supply houses. Labor, on fh'
other hand, is more plentiful and l.
growing more efficient. The mos
difficult thing facing the distrlc
at the present time appears to b'
shortage of cars for shipping ore
and the increased freight rates
which have just gone into effect"
Building operations continue fal
below normal, and while up to tn
end of August, 1920, $50 more
building permits had been isauet
than for the corresponding periot
last year, the estimated cost of new
construction showed decrease o
2.341.667, or 37.7 per cent.
Coal conditions are reported de
cidedly better at this time las
year. With labor difficulties set
tied and the miners back at worl
at increased wages prospects for {
good supply of coal for the winter
are described as excellent, and it i
said that only a shortage of car:
can cause a coal shortage any
where.