The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-07-28
BANK CLEARINCS IN
NORTHWEST STATES
Show Big INCREASE
Business in Ninth Federal Re.
serve District Records
Improvement

Increases over last years figures
for June was reported by the monthly
review OF agricultural and business
conditions OF the Ninth Federal Re-
serve District. Freight car loadings,
residential building contracts. flour
shipments, linseed products ship
ments, iron ore movements, copper
output, grain marketings, receipts Of
cattle and hogs and wholesale trade
showed increases. Decreases occurred
in building permits, department store
sales, and receipts Of calves and
sheep. The great majority OF these
business indicators for the district
made better showing in June than
In May when compared with last
years records.
Bank debts and country check
clearings continued to increase during
the first part OF July. Bank debts
at II cities for the three weeks ending
July 10 we're 20 per cent larger than
in the corresponding weeks last year
and were about at the level Of the
fall of 1891. Country check clearings
in the first Is business days of July
were SO per cent larger than in the
corresponding days of last year. II
this volume continues for the re-
mainder of the month, the country
check clearings index for July will be
higher than any other since the fall
of 1880.
A gain of 81 per cent in employ.
ment for June over May was shown
The increase in payrolls was is pei
cent over May. The increase from
May to June was most pronounced II
manufacturing in which employment
increased 40 per cent and payrolls 81
per cent. A few increases in wage
rates were reported during June ane
cuts in pay practically ceased.
Farm Income Rises
The cash income Of farmers In thu
district increased again very sharpl!
in June and exceeded last years leve
by greater margin than In any othel
month this year. The increase ovel
the corresponding month last yea
was 80 per cent, as compared with {
81 per cent increase in May and an
per cent increase In April. Durint
the first three months of the yea
farm income was smaller than In tn
corresponding months year ago.
Dairy products were added during
June to the list of sources of farm in
come which exceeded the volume II
the preceding year. The income from
all of the other items which are es
timated was larger in June than
year ago, the greatest increase occur
ring in wheat, owing to higher price
and heavy volume of marketing.
Wheat stocks on farms in the fou
states lying wholly within the Mint
Federal Reserve district were nearl
four times as large on July as
year ago and more than twice q
large as two years ago. The govern
ment estimates indicate that whea
stocks on farms In those states Wer
81 100000 bushels. This large increas
in farm stocks arose from the fac
that last years crop was markete
very slowly last fall.
The 1888 pig crop was per cen
larger than that Of 1882 according t
the June / survey of the U. 8. Depart
ment Of Agriculture. In the fou
states there was an increase Of les
than per cent In the number O
sows narrowed when compared wit
the spring of 1882. In North Dakot
there was decrease Of 10 per cen
in the number of sows narrowed
which resulted in 10 per cent de
crease in the crop when compare
with last year, despite a slight In
crease in the number Of pigs saved pc
litter.