The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-01-27
TREND IS UPWARD
Federal Reserve Report Tenth
District Highly Optimistic.
Even Weather Is Cooperating
to Readjust Business.

Kansas City. NJ. Jan. 27.-Altho
Improvement in financial, industrial
and commercial conditions in the
Tenth Federal Reserve district with
the coming of the new year has not
been as great as desired, there appears
to be a better tone to the general sit
uation, according to the monthly re-
view of the Kansas City Federal Re
serve bank
Evidences of a trend toward speed
Ter and more satisfactory liquidation
of bank loans brought slight relaxa-
ton in the financial strain. the review
said. December statements from
eighty-three member banks of the dis
trict showed smaller loans than for
any month of 1920. Clearir house
reports from seven principal cities in
the district indicate an increase in
the volume of business week by week
since Christmas.
weather Is Helping.
The winter thus far is reported as
generally favorable to outdoor farm
work and in some sections spring
blowing is progressing. Moisture was
reported insufficient in many sections.
particularly on the western great
plains and in some Rocky Mountain
sections grain was reported suffering
Wheat is reported as having fine
green color and in excellent condition.
A better demand for wheat and
more liberal shipments were the out
standing features of the opening week
of the new year at the grain centers,
the report says. Receipts of wheat for
the first fifteen Gays of January were
reported 81 per cent larger than for
the same period last year. Corn re-
ceipts were reported about 30 per cent
larger, while receipts of oats fell off
about 20 per cent.
.,.oIr 6T1r q g
trict are generally good. the report
says, due to the mild winter and an
abundance of feed
Little Stock Disease.
There is little disease reported with
the exception of a few cases OF hoS
cholera in spots. Movement of live
stock to the principal markets of the
district continues light, as to cattle
and calves, the report says altho there
is a fairly good supply of hogs Re
ceipts of cattle for December were re-
ported 49.3 per cent less than in No
vember and 40 per cent less than in
December 1919. There was an in
crease of three-t- this per cent m hog
receipts in December as compared
with November. but a falling off of
35.4 per cent from December 1919 was
reported. Sheep receipts for Deem
Der rwere reportd As pr cent under
those of the corresponding month the
Reductions of 80 per cent to so per
cent in purchases of crude oil by re-
finers within the past thirty days, to-
gether with seasonable changes have
resulted in a material decrease in pro-
duction in Kansas and Oklahoma, the
report says. The decrease in produce
ton, it continues. indicates the output
of wells in Kansas and Oklahoma Will
fall below eleven million barrels for
the first time in more than a year.
Fuel Production Good.
Production of soft coal in the dis
trict was reported fairly active because
of improved operating conditions, little
interruption from strikes and better
transportation facilities and in spite of
general business and industrial acttv-
ity and reduced purchases due to mild
weather.
Previous records for the yearly pro-
duction of lead and zinc in Missouri,
Kansas and Oklahoma were broken in
1920, the report says. The increase,
says the circular is phenomenal in the
fact of economic conditions that have
prevailed during the past year.
: Building activities are better than
anticipated, in view of the slump which
started last midsummer and continued
thru the year, according to the review
A total of siXty-siX business failures
were reported during December in the
tenth federal reserve district with to-
tai liabilities of $4,74S,65S. This was
the largest months failures during the
year. the bank reported.