Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-03-29

year Of only s4,sso.ooo. An evxn
larger reduction as compared with
last year took place in the second
four weeks Of this rear ending Feb
ruary 36. amounting to 3~3,S63,ooo, ~
compared with but $4,000 In the
The total reduction inIAverase weekly
circulation since last year (akQdt
1870 has not been4as great as the
reduction in business shown BY the
average weekly payments through
banks (about 1890. so that We are
lrapidly reaching a situation where
note Issues relative to business vol
ume '(measured by turnover in
pricesl is much greater than former
therefore tagging behind the declines
in business volume and in prices in
this district. Evidently pocket money
in use and private money boards are
larger than normal.
Price Changes.
Rices during the month Of Febru-
airy exhibited pronounced downward
trend with but few exceptions.
The highest,i lowest, and medium
prices for. cash sales Of wheat, corn,
OATS rye, Sand flax decreased in Min
neapolis in February as compared
with January: while the highest and
median prices Of barley also de-
creased. The decreases in median
rye. IL: wheat, SIX: corn, ~; barley.
=, and oats SIX cents per bushel,
These median prices furnish an index
of conditions prevailing throughout
1.-The month and r a means for Sim
lplifying the variations due to changes
In daily quotations. The median is
that. price at which the number Of
bushels sold at a higher price is ex-
actly equalIto the number of bushels
sold at a lower price.
The .median quotations for cash
sales of live stock at the South st.
Paul stockyards during February as
compared with January declined with
the exception of hogs. The declines
in median prices were as follows:
Veal calves, $3.50; butcher steers,
75c, butcher cows and heifers, stock
tand feeder steers, and lambs, soc. Tho
increase in hogs was but 18 cents.
Wholesale produce prices for SO inn
portant articles in Minneapolis indi-
Gated six declines. three increases, and
twelve unchanged prices in February
we're decreases in eggs, potatoes, to-
matoes, green beans, veal, and onions.
The increases were in hens, new
beets, and butter.
Building material prices as pub
lished by the american Contractor"
for st. Paul and Minneapolis. declined
for practically all kinds of Douglas
fir, from an average of $3.50 to
$34.10 on February 26 as compared
with, February S. Other building ma
terials were unchanged except brick,
which advanced from $50 to $21 per
1000, Douglas fir prices on February
&c, 1921, were 43 per cent of the
prices prevailing on March 6, 1920.
All other materials advanced between
the same dates except brick, which
declined about S per cent, and sand,
which remained unchanged.
Many Decreases.
Dun's Review in quoting minimum
prices for our selected list of 10 i'm
! portant commodities at wholesale in
representative cities Of the United
States for February rs, 1921, exhibit
ed 10 decreases, 4 unchanged prices,
and S increases as compared with
~.creases in rubber, copper, pig iron,
lead, coke, silk, print cloth, hides,
hogs and potatoes, There were in
creases in oak, cement, wheat, flour,
and butter; and unchanged prices for
hemlock, paint, serge and leather.
The average price of farm lands
declined during the year ending Mar,
/, 1921, "a per cent in Montana, s
per gent in Wisconsin, 2 per cent in
South Dakota, and Y of 1 per cent
in, North Dakota, while it increased
4 per cent in the a 8 of Minnesota,
according to estimates prepared by
the bureau of crop estimates Of the
tUnited States department of agricul-