Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-01-01

HSS0SA Y oAA W %NOoN ="
millions. There has been no-important
change. between these two dates in the
total amount of note issues, or inter-
est rates. The total accommodation
given by this bank to its member
banks or December 90 had increased
more thar 19, per cent as compared
with December % a year ago.
Livestock.
The receipts at. South St. Paul in
November increased. 80 per cent owe
October and were slightly larger than
a ear ago. This increase in volume
of shipments coupled with the pre-
va1ence of poor n common grade
cattle, increased offerings in poultry.
slackened country demand for stock
ers and feeders, inadequate stock cars
for shipping purposes. and low prices
in the eastern markets, account for a
great decline. in the prices realized.
The big day of the year in cattle was
November Is when 25,657 head, ex-
elusive of calves, were received. More
feeders were shipped in November
than in October but about 10 per ent
less han a year ago. Hog receipts in
November were ~ per cent larger
than in October and only slightly bet
! ter in duality. During the week of Mo-
venber "a, there was a phenomenal
decline in hog prices. bringing them
considerably lower than when the
United States entered the war. The
increase in receipts Of all kinds Of
cattle in November brought the total
for the year from January i up to the
total receipts for a similar period in
the previous year.
Building and Lumber.
Building operations measured by
the number and valuation of permits
declined in November to about two
thirds of the October volume. A more
striking contrast is shown with the
figures of a year ago. the valuation of
current permits having declined to SO
per cent of November, 4919!sThe cities
Of Great Falls, Missoula and Fargo
exhibited substantial increases despite
the general downward tendency.
Reports from a selected list Of lum-
Der manufacturers and retailers COW
ering operations for November, indi-
cate substantial declines in lumber
cut. in shipments by manufacturers
and in sales by retailers. In a compar-
lson made with a "A ago for these
same companies, it appears that there
nave been substantial declines in ship
meits. OF manufacturers, in sales of
retailers, in lumber cut, and in the
. of men employed. hut there
Were increases in stocks on hand, both
80 De ..'
Lake Transportation.
Inter-lake navigation closed Decem-
Der 10 with a total tonnage of iron
ore shipped from upper lake ports
from the opening of navigation of
5S,527,226 0 which is "a per cent
larger than during the preceding sea-
son and 20 per cent larger tina the
1O-year average from 1909 to 1918 in
elusive. The total coal tonnage receiv-
ed at the Duluth-Superior harbor
from the opening to the close of navi-
CATION totaled 5000, 696 tons which
1 was l02 per cent Of the receipts in
1919 and 10 per. cent OF. the receipts
in 1918, and about 90 per cent Of the
average yearly receipts from 1915 to
1919. Exceptionally favorable weather
conditions at the end Of the season
made it possible to overcome some of
the deficiencies of the spring months.
The seasons receipts of coal when
added to the stock on hand at the
opening of navigation in, 1919 were
11.330,OO0 tons, and for 1920 but o.
1900 tons. The shortage is greatest
for bituminous coal, amounting to l.
100000 tons Freight tonnage passing
through the 500 canals in November
was less thar three-quarters Of the
October volume but nearly double
that of a year ago.
Copper Mining.
Copper production in November
was substantially the same as in Oc-
tober. but only 80 per cent of a year
ago. Lack Of export demand and low
prices account for this decline. The
number of men employed in these
mines In. November vas about SO per
cent of October and 81 per cent Of a
year ago.. After due allowance is made
for the richer quality of some of the
ore, 1t Is evident that increased eff
fciency has taken place in the labor
force. Wage reductions were quite
general in the Michigan section.
General Business Conditions, (
The general situation as to changes
which took place in the volume of
business n in the price level during
November may be measured by the
volume Of payments made through
lsclearing house banks in the eleven
!tD1ost important cities Of this district.
The average volume per-week' during
the five weeks ending December /. as
compared with four weeks ending Oc-
tober t27 indicated a decline of 8 per
cent. Some of this decline may be con-
lsidered as seasonal because a COM
parison Of similar periods last year
Indicated decline Of Tour per cent.
In spite of the general downward
tendency. the city OF Great Falls res
lscorded a substantial increase. Az COM
with November q year ago,
1these payments through banks exhibit
t.An ~incfease'of S per cent, owing tosin-
~rcreases In the cities Of Aberdeen, Du-
luth, Great Falls, Helena, Superior