Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1920-07-27

practically 100 per cent. The total
navigation and the enc Of June, 1920,
were ~1,38s,017 tons as compared with
3.781,772 toni on the same date in
1919. The receipts for the current
year are therefore 36.7 per cent Of one
year ago.
A closer analysis of the total re-
cetpts for the current year to date as
compared with year ago shows
that the receipts Of soft coal have
been 29.1 per cent and hard coal 92.2
per cent. If the Improvement shown
in June over May continues, there will
probably be no difficulty in securing
enough anthracite coal for residence
heating purposes, but the problem Of
securing bituminous coal for industrial
usage is serious.
Range conditions are reported from
all sections as better than for many
years. Native a is sufficiently
heavy in some districts to be cut for
hay. Livestock in health and flesh has
never been better. Much is now suffi-
GENTLY fat for marketing, but will not
be shipped until fall. Shipments will
be lighter than usual on account Of
losses during the past winter; and the
fact that the ranges are in such good
conditions will lead owners to build up
their herds. Some stock may be ship
ped early in August. Estimates as to
the number of cattle on the ranges
compared with a year 6 vary from
10 to rs per cent less than a year ago,
! the average of all estimates being As
per cent.
The wool clip has been practically
good quality and about normal in
quantity. The market is seriously de-
pressed, prices having fallen consid-
erably. In all districts the growers are
holding the clip for better prices,
meanwhile owing considerable sums
to banks which they find ut difficult
to liQuidate. Soma wool has been con
signed with advances Of rs cents q
pound.
The volume Of cattle loans is prac-
tically unchanged. and the loan value
is considerably less than a a ago.
The South st. Paul territory is prac-
tically cleaned up on dry fed cattle.
grassers and the palmer odds and ends
are now coming, Inc newt month will
see the BEGINNING Of the annual fall
movement The early June advance on
cattle encouraged farmers and grow
ers, but with the marketing of the
corn fed varieties, the market prompt
ly took a slump. =
Trade Decreases.
There is a noticeable slowing down
in general trade. Among the causes
should be mentioned railroad conges-
ton, with shortage Of cars and delay
in deliveries, strikes, and inefficient
labor in spots, a growing spirit OF
economy on the part of the people, q
tight money market with no imme-
dication of price declines in important
commodities which have disturbed
confidence, causing buyers to with
hold orders and manufacturers to hes
itate in making commitments. Collec-
tons are slower and retail trade ex-
hibits a diminished turnover.
Freight tonnage passing through
the 500 canals in the month Of June
1920. eastbound, totaled s,153.S84
short tons and westbound totaled l..
493,935 short tons, or a total move.
meat of 10.647.81s short tons. When
compared with one year ago, there
has been an increase in eastbound
freight during the month Of June OF
59S.9O5 tons, or Z per cent, and q de.
crease in w~estbound freight during
the month Of June of 1,170,602 o OF
40 per cent. or a decrease in the total
freight tonnage of 571,597 tons or :
per cent. (These figures include the
freight to and from Fort William and
Port Arthur.
Reports Of individual debts appear
to indicate that the physical volume
OF trade or the price level, or both. II
the Ninth Federal Reserve district
has decreased more than that Of any
other federal reserve district. except.
ing New York. both when compared
with last month and when compared
with a year g o To the extent thai
this may represent genuine liquida'
fion If stocks and Drice declineA. VI
are in a stronger position than thu
other districts. outside of New York.
Reports from manufacturers o.
lumber show a slight increase in TIL
output Of mills as compared with tn,
previous month, but a shortage a
compared with the IN month q yea
ago. Shipments were approximately II