The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-09-06
CROPS MAKING
GOOD PROGRESS
Federal Reserve Bank Report
Optimistic For Two Da.
kOtaS, Montana

"CrOps in the ninth federal reserve
district made good progress in July"
says the monthly ~eview of agri-
cultural and business conditions in
this territory issued by the federal
reserve bank at Minneapolis. The
August ! forecasts OF the United
States Department Of Agriculture
were higher than forecasts made a
month earlier for all important.
crops, except OATS" the review con-
tinucs. .There was rise Of ten
cents in the median price Of No. l
dark northern spring wheat III July
over the June price. If the crops
are as large as forecasted on August
cash income from wheat, rye, flax
and potatoes will be approximately
as large us the income from the 1924
crop, which was $444,00O.OOO.
Good Rains Beneficial
GOOD rains over our whole terri
tory in the middle of August were
beneficial to corn and pastures. but
hindered harvesting and threshing Of
small grains for a day or two. Rust
damage is an enigma. Ear'v SOW
wheat apparently escaped with small
damage. However, the planting seat
son was unusually long and late
sown grain has been badly injured
in areas scattered throughout the
district. Rust damage to oats has
been very severe in Minnesota and
South Dakota. The cool weather
since July ~ has been nnfa "ras,
for the development Of rust, but has
also retarded the growth OF com
Crop prospects in Montana and the
portions Of Wisconsin and Michigan
included in this district are excellent.
emphatic warnings have been
issued by one Of the principal rail
ways and by an important grain
firm regarding harvesting immature
grain with combines Grain
marketed with high moisture con-
tent cannot be handled by the ordin-
airy country elevators in our district.
As they are not equipped with dryers.
High moisture wheat is reported to
be selling at heavy discounts.
Dairy Product Income Larger
"The income from dairy products
in July was larger than the july,
1896 income. Livestock marketings in
July were much smaller than mar
ketings in July, 1926. Butcher steer
and veal calf prices were higher in
July than in any preceding Ju,y
since 1920. Hogs sold at lower
median prices in July than in any
month since July, 1924; eggs were
lower than in any July since ls..
and hens sold ut the lowest price in
the postwar years.
"lhe Northwest Shippers Advisory
board estimates Il 32 per cent increase
in shipments Of agricultural nipple
mcnts and vehicles i'm the third quar-
ter Of 1927 over shipment in the third
quarter Of 1926. Other important in
creases are forecast for grain, pota-
toes, iron and steel, cement, lime
and plaster and paper, printed mat
ter and books. Decreases are fore
cast for shipments Of livestock and
lumber.
Building Permits Less
Building permits in July were q
per cent smaller than in July, 1926
Building contracts were only per
cent smaller, owing to the letting Of
a contract for 100000 wareho GU Sc
in Minneapolis.
"In any comparison between the
volume Of business in July. l927rand
the volume in July last year.. allow
ance must be made for the faetathat
July, 1927, had one less business day
than July, 1926, and decline Of
nearly per cent from TINS cause Is
to be expected. However, after allow
ing for this circumstance, business
in July was on II slightly lower level
than year ago. Debts to individual
accounts were per cent smaller aud
carloadings Of. freight were . per
cent smaller than in the correspond
ing period last year. Flour and lin
seed products shipments and depart
ment store sales were smaller than
in July last year."