The Bozeman courier., 1925-09-23
RECORD-BREAKING
wheat RECEIPTS
Early Volume Attributed to Rail
Efficiency-AH Livestock
Shipping Heavy

HELENA.-That grain marketing (
began earlier this year than last, and I
the operating efficiency of railroads
in this district brought about some
record breaking daily receipts Of
wheat, during" the first half Of Sep
tember, is revealed in a preliminary
summary Of agricultural conditions |
prepared by the Federal Reserve bank
Of Minneapolis. The report also
shows that the grain receipts at ter
minals in August were 100000 Ii
bushels greater than last year. This
! has been an important influence on
/ the total carlOadings in this district,
which were II per cent greater dur
/ ing the first three weeks Of August /
than a year ago. Median cash grain
prices have shown mixed trends, with /
wheat, rye, and flax advancing and |
corn, oats and barley declining as |
compared with a year ago. Trading |
In grain futures increased both as
compared with a year ago and with
the preceding month. The customary
effects Of crop moving are shown in
banking figures. City correspondent
banks have had rising deposits due
country banks and rising loans, while
Federal Reserve bank loans and note
issues have expanded.
2 Many Oats Marketed.
Extraordinarily large stocks Of oats
! are now held at terminal elevators
and tendency for Oat stocks to in-
: crease is apparent. Fourteen million
bushels of oats were received at ter
minals during August, which is twice
as large as the receipts Of August a
- year ago, and the total stocks at
, Minneapolis and Duluth-SuperiOr were
100000 bushels at the end Of Aug
ust as compared with 100000 bush
els a year ago, ard as compared with
d 15,0O0,000 bushels a month ago.
g For. the second consecutive month,
is there has been apparent a noteworthy
IS movement Of feeder livestock. The
" August movement of feeder hogs was
: the largest for that month since cur
re records began III 1919. As compared
with a year ago, shipments Of feeders
were greater for all kinds with par.
ne ticularly large increases in the cases
is Of cattle and hogs. This is to some
n extent a reflection Of the price stu
Is alton for livestock, all kinds quoted
tn by us showing advances in August al
ed compared with a year ago, excep
tie butcher steers, hogs alone having ad
e. vanced during the year from $s.25 Z
rs s12.25.
ma Building Activities.
I'D Prospective business activity In thi
Is, district is indicated by building permit
er reported to ua by Is cities in thi
ir- district. AS compared with a yea
Dr. ago, there was an increase in Aug
he ust Of about q tenth in total valus
ds ton and number Of permits. As com
In pared with the preceding month, Aug
Of ust permits increased per cent ]
q number and declined 3 per cent
valuation.
"a The total volume Of business in thi
w. district IS indicated by individus
~ debts reported by representativ
sct banks ga important cities was l9 pe
les cent larger IA August ol this yea
Of than year ago. ft IS significant +
sh note 80 this connection the aforemeI
he toned Of nearly ~ per cent 81 t1
BE physical volume 81 business IS show
- BY The cer'oadine during 1
m. ree weeks Of August 81 coupeEe
he With fhe p.o lest year, ~
9n classes cf fet s1o