The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-11-03
OCTOBERCROP AND
TRADE CONDITIONS
Ninth Federal Reserve
~. District Reviewed
IS MONTHLY SURVEY
Movement Farm Products To
Market of Paramount Issue;
. Other Mutations.

Reserve agent John H. Rich of the
Ninth District of this city, in his
regular monthly review of the crop
and business conditions FOR his
district just issued, says
The movement OF farm products 10
market is the subject OF paramount
interested this month. The large gram
crop harvested has brought shipments
ABOVE normal. Fortunately. the markets
volume OF offerings without price de-
cl.nes. The demand for cars has been
hard TO meet with the existing equip
ment. Railroads have shown Very
reasonable consideration. however. 10
those localities requiring cars TO move
perishabl products. There should be Il
decreasing pressure 10 market IN eacA
succeeding month: Tine transportation
burden Is certainly the greatest now
while ondeavoring 10 move an eX-
Lraordinarily large production of po-
tatceS before freezing temperatures
prevail we'll as to move the usual
run Of range cattle before bad weather
Grain Receipts
Grain receipts at the head of the
Lakes and at Minneapolis were two
thirds larEsr in September ina, insn a IN
year in September. The receipts oil
wheat ana naX were much above nor
NAL Il. c. ten year aNeragel' whiIe
NAL. Corn receipts for which no ten
wear fisUies are aVallaDle snowCu the
same tendency 10 rise whlch was Gis-
played in the last two years normally
The receipts OF wheat increase between
August and september from eleven
million TO twenty-eiGht million bushels.
This year the increase was from Tour
teen. to thirty-iye million bushels. kNe
receipts during September are normally
about million bushels but amounted
10 eleven million bushels in September.
Normally, September IS the peak month
in rye receipts. but this month, al
there was a decline of one million
bushels from the August figure owing
10 the still more abnormal conditions
prevailing in August. Flax receipts
were double Nthe normal amount in
September after being Wen below the
normal for a year until August wheh
they reached normal volume. hecetp.e
Of oats. which normally rise 10 thelr
pcak during September were slightly
smaller than during August and were
about as far below the normal in Sep
eceipts Of barley. which have been well
below normal for more than two years.
continued to be below the normal
amount and increased less than one
September. while normally they in
crease four million bushels IN the
same period. AS compared with a year
ago. receipts OF rye in our markets
]
this year. Of wheat were one-tenth
larger The other grains were below
the last years figure.
Receipts of livestock at South 81
Paul showed slight decline from the
August figure in calves. an unchanged
movement of cattle and hogs. and an
increase of one-fourth in receipts OF
sfeep. This movement OF livestock was
ahpor1nPIly large for hogs, calves, and
cattle. Receipts of cattle, which nor
rally increase almost one-hah between
August and September were. mchanS'
ed: but as the movement mas ben
year. it is not surprising that the IN
Greece did not occur. Receipts OF sheen
ought normally 10 increase more than
10 double between August and Sep
TENDER instead OF increasing only one
fourth As compared with year ago.
the September receipts this year were
Up one-fifth with receipts or Cattle
three fourths larger. calves two hfths
larger hogs one-tenth larger, but
sheep down one-fourth.
Shipments Of Feeders
SHIPMENTS OF feeders from South st.
Paul were up one-half during Septem-
Der over a year ago on account of an
increase OF eighty-five per cent in
shipments of feeder calves. Feeder hogs
and sheep showed smaller shipments
during September than year ago. As
compared with last month, there was a
decline Of fifteen per cent in shipments
OF feeder cattle, but an increase OF
One-flfth IN Sneep, OnS-lOuTiI ilO6S.
and two-thirds in calves.
Prices at central markets In the
Northwest for the principal PROD
OF the farm evidenced remarkabl BILE
month of September. There were very
slight changes in the median prices OF
grains at Minneapolis. the most rro-
nounced changes being decline OF four
crease Of four cents in the price of bar
lev. At South St. Paul. the median
prices of important grades of killing
cattle remained practically unchangeI
hut stocke- and feeder steers declined
a trafe Calves lambs. and hogs. or
the other hand, showed pronounced
gains.
the Head of the Lakes were almost
one-half larger at the head of Septem-
be- than at the end of August. hnf
n,e-sixth smaller than wear ago.
Wheat rye, and corn b ere + StoeNi nf t up
year There were increases in stocks ~
othe-. grains, but these increases cIh
rot bring the stocks to the level OF
September in the past two years. oars.
in particular did not rise as usual. In
1920 and 1921. there were increases in
August End September Of four and I'VE
nniIlicn bushels of oats, respeeuyely
hut as the stocks in 1920 and 1921 have
not been worked off in the CUSTOMARY
manner the receipts. purchases. ard
price of oats have all dragged and ~
consequence STOCKS inns year Tose OHlN
two hundred thousand bushels between
the two months. Dat stocks at the
end of September amounted TO airnos'
seventeen million bushels or more than
nne-half Of the total stocks in our ter
rnfnai elevators. A year ago at the end
~ September they were twenty-threc
million bushels. a figure which would
have been exceeded this year If recelpts
had BEEN normal in September. STOCKS
OF wheat at the end of September were
S7na roo bushels. figure four and ope-
half Tires as Ia rye as the August nS-
= IRE and one-fifth larger than a year
ago Rye stocks were 2,90O.O 600 bushels
at the end OF September. which was
two-thirds larger than the figure a
large as a year ago. Stocks of fax were
twenty-three times as large at the
end of September as at the end oi
August. but only one-fifth as large as
last year. Indicating that they are verg
much below normal Stocks OF corr
almost trehled last mouths figure anc
were one-fifth larger than last year
and stocks of barley were up two-third
over last month but were only one
half of last year. (
The Northwestern coal situation hal
improved on account of receipts at thu
Head of the Lakes of seventeen time!
as much soft coal during Septemoe
as during August and further limit
ed amount of hard coal Soft coal re-
ceipts during Sept en1ber were n'or'
than twice as large as a year ago
which shows that concerted effort u
,being made TO meet the need. There
ie a possibility that two million tons q
an kinds Of coal will come up the Lakes
able weather prevails. This viii nak'
tr,.aI N fopr million tons of water