The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-07-29
GREAT TRADE
GAIN IS MADE
IN DISTRICT
Higher Prices for All Farm
Products Reported in
July Review
BUYERS PAYING CASH
Increased Purchases of Man
ufactured Goods and Much
Building Noted
BUYERS PAYING CASH

MlnneapOlIS, Mlnn., July ...-
P)-fiigher prices for farm pro-
du,ts. increased purchases OF
manufactured goods and great.
rr building and commercial &C.
tivity are noted in the July re.
view of agricultural and com.
mcrcial conditions in the Ninth
Federal reserve bank.
These conditions. together
with the increased money value
of business transacted during
the month, has helped to create
growing confidence in the
sustained purchasing power Of
these northwestern states" the
review AYERS.
Although damage has occurred
to wheat in the western half OF
the district because Of the heat.
wild hay and forage crops are
heavy and corn is making GOOD
progress.
Greater business activity is held
to be in prospect by reason of the
increase in building permits issued
in is representative cities in the
district. Banks in the larger cities
reduced their commercial loans and
reported increases in the volume OF
demand deposits. At the same time
non-commercial loans were increased
and investment and reserve funds
were enlarged.
Securities In Demand
4 notable increase occurred in
~. purchase by the public, Of securi-
ties. Foreign securities and stocks
were especially in demand with Il
slight decline in city and farm
mortgages offered in the market.
lnl 1n hslr nj e
that Il. greater reduction in corn and
potato acrraycs were made by farm
ers than were apparent from the
March l "intrntion to plant report
oi the federal agricultural depart
ment Acreage planted to flax in
creased by 10000 and the July !
forecast Of corn reduction is larger
than any crop previously harvested
with the exception Of the 1923 crop.
Spring wheat acreage is j. per cent
greater than last year. but is nearly
200 900 acres smaller than the previ-
ous five-yoar average.
Car loadings were 10 per cent
larger during June. 1926, than in
Jane last year and all groups Of com
mod,ies, except livestock, showed
increases. The largest increases
were in shipments Of less -than-car
load lots and miscellaneous COM
modites.
Shipments from Minneapolis and
st. Paul of key commodities to the
northwest showed the same increases
over shipments in June, 1874, as
have other months of this year.
Farmers Buy Implements
Agricultural and vehicle ship
ments jumped from 26G carloads in
nn,,lN dc. ~
June, 1925, and shipments Of rep
1000 ears last June compared with
lsl2 ears in June year ago. Ship
mcnts Of automobiles, trucks and
tires totaled l,Ohj cars in June this
year compared with 754 cars in June
last year. Shipments Of linseed
products increased 60 per cent and
flour one per cent
Labor conditions arc said by the
review to have been more favorable
to laborers in June this year than
was the case a year ago, the estl-
mate being based on the number of
advertisements for help in compari-
son with advertisements for posi-
tions.
Wholesale trade during June and
the preceding five months showed
marked increases over the corre-
spending periods year ago with the
exception Of wholesale groceries. In
creased sale of farm implements
was especially notable. Seven firms
reported June sales As per cent
larger than for June year ago.
Sales for the six months ending with
June were Ga per cent larger than
for the same period year ago:
n~l, l~S Dc ~
shoe sales also made increases IN
comparison with year ago.
Buyers Pay Cash
Emphasis is placed by the report
on the fact that accounts receivable
and notes held by wholesalers have
not increased in proportion to the
total volume of business. Credit in
struments held by farm implement
wholesalers and manufacturers on
July ] were five per cent less than
a year ago. Shoe wholesalers held
13 per cent more credit paper than
was the case year ago, but dry
goods receivable were only one per
cent larger and wholesale hardware
and grocery credit instruments were
10 and per cent less, respectively.
Other business also responded to
the improved outlook, gains of five
per cent in department store sales,
is per cent in retail lumber sales
and &c per cent in building permits
being recorded, in contrast with
June 1924.
The number of business failures
was 27 per cent larger than in June
last year, hut 10 per cent smaller
than in May this year. The liabili-
ties involved were 3,342,444. q fig
nre larger than that for June last
year or May this year.
Z, III Grain Receipts Large
rs Grain receipts at Duluth Superior
we're l6 per cent large than in-June
last year. Receipts oats. barley and
FAX were more than twice as large
and wheat receipts increased 20 per
Continued on page three)