Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-08-28

Business
dihOns III The
Past Month
hogs declined three-dfths.
t.s Nh M Marketing.
= marketing OF farm products
docjined ,aa compared with last month
Tor both grains and live stock. Grain
were one-sixth lower than q
ago and liYe stock receipts were
two-thirds greater than q year ago.
Receipts were more than normal for
Wheat ana rye, approxtmately-at nor--
nal for oats, but less than normal for
and max. Receipts Of live
stock during Jely followed the nor
NAL seasonal trend but in most cases
were not atsa normal level for re-
cepts '.ofI calves were double normal.
cAttleS and hogs well above normal,
and receipts OF sheep about normal.
wholesale prices OF tho principal
farm products showed Uneven ten
denotes during July. There were
moderate Increases in the median
other than oats and rye. The median.
price Of rye fell 10hc during the
month Live stock prices at South St..
showed two increases and four
decreases In the grades and Glasses
which arc tabulated In this Office.
Wholesale produce prices at Mime
apolis showed aSgreat majority of de-
creases during July which were most
seasonal. Flour prices have de-
cllned steadily aince JULY to the
lowest point in several years.
Retail. Buying.
|, The volume Of retail: buying. de-
during the month II per. cent
for general merchandise and 10 per
cent for lumber. At wholesale there
were substantial increases in sales Of
farm implements and dry goods, but
declines in groceries, hardware and
shoes. Apparently there was in In
crease in wholesale trade in tho aE-
gregate. AS compared with a year
agos all sales were down both at re-
tall and at wholesale except lumber
retail and hardware at Wholesale.
Employment.
Employment, conditions were nor
NAL during July. It is customary at
this time, of thel,year, to have an In
creased demand for farm labor, and
shortages were reported in some To-
caliies- Montana reported the
largest number Of Communities lack
ing farm labor. The copper mines in
Montana are still suffering from an
ncuEe anortaeeyof skilled miners due
10 q OF tho mines Tor about
q e and consequent dissipation OF
sklleq LABOR TO other centers. It Is
copper:mining in Montana, there is q
need TOR 1000 additional experienced
men
Manuiactur1ng acuv1ty In
hour br decreased IN lumber 9 the
month ont Doth were greater than q
year Q .producucn
oy ABOUT one-ffth in all parts OF the
diStract during July over June with an
apnormaLS large rea or almost
one-third At nneapon pro-
AUCTION IN TINS d1stI1ct was also ~
r tnan:a year ago, OWING to large
OF hour from Minneapolis n Duluth
were o~ne-fourth larger IN July than
in June 2 40 larger than a year
g July.
shipped $l6W less lumber IN July than
in June.and also twice as a. IN
jury last year. n mills U q snsnt-
~ smalleE, volnme N July tnhn N
June apdHone-thlrd more than IN July
last 2 shipments 81 linseeq
INL- 49,.
snlpm eng M.caaeU.leSoos June
and sscompare with q veal
age. shtpmen8 OF products
We're Q T o-hftn fas large will
decllnes IN both oniand ol cake.
FINANCIAL conolnons IN the nortn'
West, as evidenced. ~ reporIs 1ron
So large membe .oanks IN seiecteo
July Loans declined more than
million dollars, while deponrsN de.
chned only /.
money and y 3. secur1nes held
creased about 7 one m1non- Co!!ec'
lions as reported BY lumber retailer
were better man, IN
and much better than in ' july one
year ago Brokers paper outstand
ing In h Mnneapolis territory De
cltned 2 millions or Q
between June ~ q july 81, ana I'M
AMOUNT Nas about 4 mii11ons lowe
nan last.year a. ne ENG OF .Ine
continued qnletness the money
market has induced a further decline
In interest rates in Minneapolis Th'
longer mAturtdeo OF customers note.
declined Q 4 to n per cent
bankers a~oceptances we're down frac'
ttonany, but commodity paper Secur'
cd by warehouse receipts n
per cent h lowest quotation dur
Ing Tho mont nth ending sna n4 Ansu. do Is 40 TO-
p pas ! paper z ~, rs r aG.eF thu sasn o sss ,'T zee:
e ssss ,ss@Ps sass q = th H's9 ain asss sh
from s to ~ Per cent on All classes
Of cans and redi1conniS otner tnaI