The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-12-01
BUSINESS SURVEY
OF Ninth DISTRICT
Report Federal Reserve
Agent Rich
FOR MONTH OCTOBER
Car Shortage For Moving Grain
and Livestock Has
Reached Peak
Associated Press pispateh. l

for the ninth federal reserve district
has issued the October report of the
crop and business conditions for his
district which he has forwarded to
the Federal Reserve board at Wash
ington. The report follows:
s c sh no age ,s,t being Slina ted
@ %s8e ten fa dsys sS.y .S effort win
Montana ranges before the heavy
cannot Craze after the FIRST heavy
snowfall and should be marketed, I'M
less provision has been made for feed
ING them through the winter. When
these Montana shipments have been
taken care of. stock oars will be re-
Dakotas and Minnesota. This shortage
has been intensified in appearance by
the fact that in the panicky conditions
prevailing, stock growers have ordered
could use but one, thinking that such
z large order would bring at least the
loading capacity that they needed.
The grain car shortage has not been
empies. Grain in congested elevators
or piled on the ground along the sid
Ings furnishes an acurate measure of
the real need of cars at each point.
because Montana farmers have poor
facilities for stocking grain on the
farms, their average haul TO market is
longer, and the roads will be more
rearly impossible after the first SHOWS
han in the other states, all of which
conditions have caused greater con-
=Cstion in Montana elevators than in
the states to the east AS soon as
Montana is taken care OF, or at least
as soon as the grain is carried out that
- piled on the ground without protec-
viii be able TO devote a larger proper
ton OF their cars to the rest of the
grain growing region.
Considerable progress has been made
repo-ts relief to seventy elevators out
~ ninety which were full of grain
month ago. Also more cars for grain
purposes are being, returned by eastern
r,erce Commission order of October Is.
These additional empties. it is confid-
0ntly expected. will accomplish a great
Improvement during the next ten days.
In spite of the shopmen's strike there
has been no shortage of motive power
in the Northwest. One railroad reports
number OF effective locomotives
stored in white lead until there is need
Grain Receipts.
Grain receipts at Minneapolis and
Duluth Superior were down one-fourth
in October from the September volume,
hut were fully as large as receipts last
year and slightly larger than October
receipts in 1920. Receipts OF wheat
we're responsibie for the Greatest part
October and feli from thirty i've
and half million bushels, which was
aLnormally large for September: to
bushels, which was somewhat be-
low normal for October the normal
in each case being the ten-year aver
age. Rye receipts. which were second
off two-thirds from the September vol
Ume but were still more than double
the normal amount. Receipts of oats
lave not been up to -pormal for Sep
cline of o1e-sixth between the two
months. Receipts Of barley were down
One-sixth from Senter1her and less
,.,o "n" one. Of normal in October and
since August. 1921. Receipts of fax
Lave been about normal for the last
three months. having been above nor,
rial in September and below normsf
in October: but from the experience of
rast years. the November and Deem
Der receipts viii be larger and more
important than the receipts in the early
normal volume OF fax will come to
market. Flax receipts showed the
only increase among the grains be-
increase OF more than one-hah. Re
"eipts Of corn were two-fifths smaller
in October than in September. AS
compared with last year. October re-
tefIFtS VI rye were diIDOSI three tunes
what larger and wheat declined slight
~; but cats declined one-third and
corr two thirds. Duluth Superior fig
grains other than fax during October
than during September, owing to the
approach Of the close of navigation
- comnared with last year; however.
receipts increased materially in rye
and fax. and did not change much for
the other grains. 1t appears from the
foregoing that the Eastern buyers
The new receipts CT Northwestern fax
than the Minneapolis. BUYERS.
Bread Grains Export.
Exports of bread grains continued to
/show the effects Of the same world
references as were shown earlier in
the season. From July I to November
only two-thirds as much wheat and
wheat -four was exporteaeas last year
and slightly smaller volume of barley
hut twenty--four times the volume of
oats. nearly four times as much rye
and more than twice as much corn
was exported this year as last.
Stocks of grain in terminal elevators
in Minneapolis and the head OF lakes
increased one-tenth bstween the end
Of September and theoend Of October.
due to increases in stocks of wheat,
rye. fax. barley. and corn. It is Gus
tomary for stocks of all grains to rise
somewhat during the month of october
on account OF Inc excess Oh receipts
over consumption and shipments. How
ever. rye stocks increased to nearly
double the volume at the end of Sep
ierber showing that the demand from
the chief customer. Europe. has not
been sufficient to absorb the available
scpnlies. Stocks of fax more than
doubled, bringing the supply Of fax
hack to more favorable volume.
However, Of the. 100000 bushels in
Northwestern terminal elevators, only
one-tenth of the amount was in Min
neapolis terminals and nine-tenths
ably for. shipment down the lakes
Stocks Of OATS which have formed a
very large proportion of terminal grain
stocks for more than year, declined
slightly during October. although it is
customary. for them to increase. show
mslJy being worked of. AS compared
with last year, there was not much
variation in the stocks OF wheat: but
stocks of corn. oats and barley were
down considerably; and fax stocks
wepZ more than three times as large
For all grains combined, stocks were
Tpout one-fifth lower this year than
last.
Receipts Of livestock at South, st.
Paul showed more than. seasonal in
crease between September and Octo-
Der and were somewhat larger than
the ten-year average for the month
Hogs in particular showed this tenden-
CIV with an increase in October to more
tie receipts were slightly larger than
normal and showed an increase cf one
fifth over September. Receipts of calves