Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-30
REPORT OF
. JOHN RICH
MADEPUBLlC
Movement Of Farm Products
is Being Issue, Reserve
Agent Says.

! monthly report 81 John Rich! federal
reserve agent for the Ninth district.
has just been issued FOR T5October.tnSA
/, summary Of the conditions as {s>re-
ported by. Mr.. Fitch. follows:
The movement Q ttfarm products to
Interest this month. The large grain
crop ha rvested has brought ship
,nents above normal. fortunately,
the markets have been able&to; absorb
this Observation-Disclosures of-sroffe rings
without price declines. vhesEleInand
for cars has bsen hard to raeet with
the 4 existing equipment. Railroads
have Ehown very reasonable cohstd-
GRAFTON. however, to those localities
products, There should be 9 decreas-
Ing pressure to-llarket in each sue
caeding month, The Transportation
burden is Certainly the greatest now
while endeavorinS. to move an extra
ordinarily large production Of pota-
toes before freezing temperatures
prevail; as well as to move; the usual
run ot range cattle before bad
weather and SHOWS set In
Grain receipts at thes head Of the
lakes and At Minneapolis We're two
thirds larger in September than in
August, and one-ffth larger than last
year In September, The receipts Of
wheat and flax were much above
normal Il. .. 10 year average). while
barley and a t were below this
normal. Corn receipts for which no
ten year figures are available showed
the saHae tendency to rise which was
displayed In the last two years.
crease between August and Scptem-
Der from II million to 28 million
bushels. This year the increase was
from IA million to 35 million bushels.
Rye receipts during September are
normally about three million bushels,
but amounted to II million bushels
In September. Normally. September
Is the peak month in rye receipts. but
this month, although receipts were
abnornally large there was a decline
of one million " bushels from the
August figure owing to the still. more
nbn ormal conditions prevailing In
August. Flax receipts were double
the normal amount in September
after being we'll below the normal for
a year until August. when they
reached a normal volume. Receipts
peak during September, were slightly
smaller than during August and We're
Eabout as far below the normal in
September az they were above in
August. Receipts Of barley, which
have been well below normal for
more than " years, continued to be
below the normal amount and in
between August and September. while
normally they increase four million
bushels In the same period: AS COM
pared with a year ago, receipts Of rye
In our markets were two and one
half times as large this year, Of
wheat were one-tenth larger. and Of
flax one-halt larger. The other grains
were below the last years figure.
/ Live Stock.
Receipts OF live stock at South St.
Paul showed a slight decline from the
movement Of cattle ana hogs. and an
increase of one-fourth in receipts of
sheep, This movement Of 1--we stock
| wassabnormally large for hogs. calves
and cattle. Receipts OF cattle, which
normally. increase aim st .nna-half
between. August and September. were
unchanged; but as the movement has
been 'abnormally large during the
whole, year, It Is not surprising that
the increase. did not occur. Receipts
Sof sheep ought normally to increase
more than to double between August
and September instead. Of increasing
only one-fourth. AS compared with
a year ago, the, September receipts
this year were up one-flfth with re-
celpts Of cattle three-fourths larger,
calves two-ffths larger, hogs \ one
tenth larger, but sheep down one
fourth =
Prices at central markets in the
northwest. for the principal products
Of the farm evidenced remarkable
stability, with some gains during the
month of September. There were
very slight changes in the median
prices OF grains at Minneapolis, the
most pronounced changes being a
decline OF 4 cents In the price OF rye
and an increase Of 4 Cents in the
price Of barley. At South St. Paul
the median prices of important grades
OF killing cattle remained practically
unchanged but stocker and feeder
steers declined 4 trife. Calves, lambs
and hogs. On the other hand. showed
pronounced gains.
Grain Stocks.
Stocks of grain at Minneapolis and
the Head ok~the Lakes were almost
one-half larger at the end of Septem-
Der than at the n Of. August, bat
one-sixth smaller than 4 year ago
Wheat, rye and corn are stocking UP
moro than is usual at this time OF
the year. There were increases in
stocks of other grains, but these in
creases did not bring the stocks tc
the level OF September in the past
&-y> .. TrA- 49, at