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The Bul~ti._> i_• i88Ued for the •~forma.ti<>n of Me~iber Banko ana the Bcuinus Interests of this District. I/ copv ill rsceived in advance, it should be uniioutooii ,t "' mteniied"" a special co1Wtew, and ,ts cont•nt• a~• co11fid•ntiaL This cop11 4 not to b• released for publication befor• MARCH 2·s, 1919.
FEDERAL RESERVE BANK OF KANSAS CITY
ASA E. RAMSAY.
C. K. BOARDMAN,
CHAIRMAN BOARD OF DISECTORS
AND F:EDERAL RESERVE AGENT
ASSISTANT
F£0£RAL RESERVE ~G£NT
REPORT OF CONDITIONS IN THE TENTH FEDERAL RESERVE DISTRICT
Kansas City, March 2.5, 1919.
T
HE so me,vha t chaotic conditions s ince the
s igning of the Axmistice appear t o be approac hing adjl1stment th.ro ugh an a waken111g of the bus iness i1µ:erest s of this co untry
to the knowledge that too rriuch precious time and
energy is being wasted by ,vaiting for things to take
a tum.
A slight decline in prices in January and
February brought the average level of l_)rices to about
10;7o below the war peak level of last July, but it i,;
()ecoming apparen~ that whatever· of change in price,
1s yet to come will come slow1y, not spasmodical:y
as many had been led to e..~pect. Recognizing thi.,;
as a_ fact, busi_ness men of this section of the country
realize there 1s no excuse for blocking progress toward a general s.tabilization of trade and industry b)'
hesitancy and inaction. The country, and the Tenth
Federal .H.eserve District in particular, is prosperous
as never before--there is more wealth in the hands
of the pepple than ever before-and now that the
hideous war nightmare is over, \;\,' estern business men
see that the thing to do is to return the soldiers an<l
sailors to ciYilian life, put over the Victorv Libertv
Loan to enable the Government to foot the· bills, anJ
get down to h1.1siness, leaving price adjustment to tak~
its natural course.
Reports from all sections of the Tenth District this
month point to a year of activity and of prosperity.
\Vestern farmers, with all conditions favorable arc
making ready to grow the largest crops in histo~y in
1919. ~Ianufacturing industries are beginning to get
~ack to something like normal activity and are turnmg out products for home consumption. The demand for engines, tractors, farm machinery and implements shows considerable improvement with good
:eturns to farmers from last year and good crops
m prospect. Manufacturers of these, however, are
complaining of inability t o obtain materials with
which to make them,. maki1:g it impossible to supply
t he <lema_nd a n~ also unpos s1ble t o reduce prices. The
a utomobile busm_ess, p~actically dead during the last
ye_ar of the war , 1s commg back. Dealers a r e making
fairly good sales, although it cannot be exp ected that
sales will a ttain their former volum e unt il t oward t he
end of ~he _year, or by the spring of 1920. Build ing,;
are beg111111ng to go up to m eet the requirem ents of
business and the housing demands neglected while
the nation was busy winning the w a r. The oil inrltt~tr_y sho:vs signs of renewed life and producti V("
activity, with a demand for m o re oil. than the w ell ,
t~e P_aSt six months "?ave. been able to produce.
}Immg 1s slow at this time, but hopeful of civilia11
dem an ds soon absorbing t he ouput of m etals t hat
during the war went int o bullets and shells. L abo r
is finding employment at good wages and t he a d Zent
of spring promises plenty of w ork for aJ\ hands. T he
mercant ile t rade is improving; w ith t he people ready
to ,buy and willing to pay good prices if the man ufacturers and m erchant R w ill only supply th e t hing.~
needful.
in.
O n t he ,vhole, t he s it uat ion in t he T ent h Federal
Reserve D ist r ict is on e of encouragement and there
is a larger degree of optim ism on t he part of t h e
business m en, bankers, farmers, and manufacturers
t han ha s been e-xhibited at any t ime in recent months .
Financial.
. The den_ian_d f?r loans remains strong, with rate,;;
ftrm, and md1cat1o n s point to a continued heavy· demand from the cattle industry, as well as for ao-ricultural and commercial purposes.
.
.,,
~he . excellent pr~spects. for a~undant crops, the
satisfactory state of mdustnal affairs and the generally
prosperous and healthy condition over the district all
serve to indicate the ease with which this district m~y
be expected to absorb its full quota of the Victors
Libertv Loan.
Bank clearings in this district made a remarkable
shmvin_g in February, considering that business in
some Imes was retarded by the process of adjustment,
Seventeen clearing house cities by their reports show
the aggregate of clearings for the month were 187-,
b~low the total for January, yet there was a decrease
ot less than 1% from the total clearings in February.
1918. The reports are:
.
Feb., 1919
Feb., 1918
Kansas City ......... $ 692,935,213
$ 739,729,900
Omaha . . . . . . . . . . . . . 199,782,575
188,210,644
Denver . . . . . . . . . . . . .
93,826,746
77,983,748
St. Joseph . . . . . . . . . .
68,443,209
71,732,542
T ulsa . . . . . . . . . . . . . . .
36,021,856
Jl,640,035
Wichita . . . . . . . . . . . .
36,864,037
-31,729,757
Oklahoma City . . . . . .
35,736,259
33,807,716
Lincoln . . . . ~. . . . . . . .
15,608,742
17,067,086
Topeka . . . . . . . . . . . . .
13,181,948
12,442,246
.\1 uskogee . . . . . . . . . . .
11,109,637
8,615,886
Joplin . . . . . . . . . . . . . .
5,977,000
7,023,605
Colorado Springs . . . . .
2,980,611
2,877,139
Pueblo . . . . . . . . . . . . .
2,670,525
2,621,515
Kansas City, Kas.. . . . .
2,340,441
1,9 13,012
Fremon t . . . . . . . . . . . .
2,253,033
3,375,169
H a.stings . . . . . . . . . . . .
1,837,204
2,080,434
Lawrence . . . . . . . . . . .
1,450,014
1,480,300
February total . . . ... $1,223,019,050
Year tu date ......... 2,718,371,050
$1,234,330,734
2,624,051,880
Agriculture.
Crop prospects are brighter at this time than at
the :'inter break-up in any of the last ten years, aci:ordmg to reports from all states induded in the
Tenth Federal Reserve District. Heavy snows falli1w
at intervals during the winter months ·with heav~
rains _this month,.are giving a fine start to vegetati01~,
assurmg a plenh_o us growth of feed for spring and
summer and leavmg a good surplus of reserve moisture in t.he ground .as a guarantee against a possible
dry spnng .or summer. Soil conditions for spring
farm operations are reported as nearly 100% perfect
as farmers could hope for. Kansas, Nebraska, Oklahoma and \Vestern· Missouri-hard hit by dry ·weather
l~st summer-:-each report an average of soil condi-t1ons for their counties but little below the 100%
mar k. Under such conditions, and with reasonable
assurance of good market prices for products, the
farmers are optimistic concerning the futur e.
Condition of winter wheat, reported from widely
scattered sections of the district, is the best that has
yet heen recorded for the mo~1th of Jvlarch. \Vbea t
was generally well protected from the severe blizzards
hy snow covering and no material damage from other
causes has th us far appeared.
The acreage of corn, oats and potatoes to be planted
this spring will be ::,;lightly reduced 'in some sections
on account of the e:,,.-t:raordinary ,vheat seeding, although Oklahoma r eports a 11 o/o increase of the acreage of oat s to be planted, w hile Colorado and vVyoming will increase their potato acreage. S u gar beet
g rowers a re increasing the size of their fields to the
l'irnit of their ability to handle them.
Februarv movement of ·wheat to the markets of the
<li;;trict ,v,;s about double that of February, 1918, but
there was a marked falling off of r eceipts fro m ths::
Janua ri r ecord. Reports shmv that the 1918 c rop of
w hea~ in farmers' han<ls is rapidly diminishing. Kans as and Oklahoma r eport only +%. o( the 1918 wheat
in farmers' h ands, M issouri a.nd Nebraska about the
same, while there is a litle larger percentage o[ the
Colorado and \i\ryom.ing ,yheat to be moved, due to
delayed t hreshing a nd inadequate transpo rt ation.
Stocks . of wheat a t tern1ina l elevat or s were reduced
some 4,000,000, bushels in February by the Gonrnment allotting wheat to millers.
l{eceipts of corn at the markets in February clearly
;,eveal the extent of the damage to th~ crop last year
by dry weather, the marketing of corn being only
about one-fourth the size of the receipts in February,
1918, a nd considerably below the t otal fo r Januar y of
th is year. Offerings of oats were about t he same a.s
in February of last year, which estahlis hed a h igh
record for the second mou th. Rye r eceipt s are a little
heavier than at this time last year, while barley receipts at this season are making a phenomenal spurt.
1n the face of a market which is hedged in ,vith
uncertainties the output of flour since J a nua r y l, is
a little more than 7% hea,·ier t han the ou pur fo r th..:
con espunding ten weeks in 1918. The output oE t he
mills at Kansas City ,Uld O m aha and th e mills in th e
d is trict o uts ide o f ·these c ities to Februa ry 8, 1919.
was 2,709,986 barrels as against 2,529.674 baHCI:- in
the corresponding perio<L of 1918. Most of the gain
of 180.312 barrels w as in Februa r y. At t his writing
there are indications of a ([ecidcd impn)\·emcnt in th..:
flour market. Bakers and dealers are buying more
freely to fill up depleted stocks, al though e,-idence.s
a re not want ing to show that th e enactment o f the
wheat guara nt y bill h as a good d.eal to do with th~
improved tone.
Live Stock.
R emoval this month of restnct10ns 011 exports of
hug products t0 allied countries, taken in connectio n
with the abandonment of the agreement bebveen t he
G<.l \'en1m e11t and the packers to maintain minim.urn
prices, has r esulted in an advance <J( about 75 cell t,;
per hu11dred J>ounds o n li,·e hogs w ithin t he past we1c:k.
But at th e same time the hog m a rket, stabilized ior
several month s by the F ood A dministration's guarantee of prices and marketing regulations, is in an unsettled condition. In consequence of the enlarged field
of trade and a limited hog supply it is freely predicted
t ha t prices of hogs z..n d pork may for som~time r emain higher than the stabilized prices that were maintained. Prices of both cattle a nd sheep have, t o a11
extent, been influenced by the new conditions t hat
ha \·e come to the hog market. ·
P acking hogs for the w eek ending March 15 wcrl~
selling at $18.85@$19.10 per hundred pounds as compared with $16.90@$17.60 in Februa ry, \\'hich i:=. -i
:--;hade hig her than a t this t ime last year while the
war was on. Cattle prices haYe heen maintained at
$2.00@$4.50 per hundred pound.~ a boYe the prices o(
a year ago, t op price:; on st eers reaching· $18.50 ili
Febrna ry as compa r ed with $ 13.75 in Febrnarv of last
year, other classes a nd gra des of cattle he i~1g relati\'el_y hig h. Top prices of la mbs, which in J;inuar y
dropped to $16.95 per hundred pounds or 30 cenb
below th e t op of lam bs in Janua r y, 1918, r ose to
S18.60 in F ebruary and on M ar ch 4, sale.~ were ma<le
at a n e,v r ecor d price of $19.50 per hund red pmrn<ls,
the latter being SO cents higher than the peak war
price of March, 1918.
The movement of meat animals to the markets is
running ahead of this time last year, as the following
figures of receipts at the six markets of the distrit:t
show:
February ·
'I'wo Months
1919
1918
1919
1918
954,579
890,849
Cattle . . . , . . 389,438 403,445
59,114
35,841
Cah·es . . . . . . 23,038
13,900
Hogs ....... 1,029,542 964,575 2,446,144 1,938,716
855,123
935,351
Sheep . . . . . . 384,609 403,800
Indications of a decided slump in live stock marketing, as compared with the heavy war-time rush oi
food animals to the markets, are disclosed in the re- '
ceipts, which are running lighter in March than in
March of last year.
Packers' operations in February were materially reduced from the heavy operations maintained. for the
prcviom; five or six months. Purchases of animals
for slaughter at the six markets in February were
218,000 cattle, 900,000 hogs and 243,000 sheep, as compared with the record of February, 1918, of 241,000
cattle, 849,000 hogs and 240,000 sheep.
Petroleum,
The oil industry in the _:\,lid-Continent fields of Kansas and Oklahoma, and also in the Rocky Ivlountain
fields of \Vyoming and Colorado, is beginning to show
a general livening up. Not only is production increasing in response to market demands, which i1~
recent months has been some 3,000,000 barrels a
month in excess of the output, but more activity i:,
,;een in developments.
During February the average daily prod1.{ction from
\veils in Kansas and Oklahoma was 299,925 barrels
a,; against 277,80D barrels in January, an increase of
22,125 barrels daily. \Vyoming, with its daily average
production cut down by seyere winter weather t.o
32,000 barrels in January, m·ade a good increase in
February and with the spring warming up that state
i,; expected to be a bigger factor in oil supply than
C\·er.
Field operations in Kansas and Oklahoma resulted
in the completion of many wells of large flush pr0d1.1ction. Initial daily production, while not quite a,
great a s that of January, which was a record mont:i,
was ,·ery encouraging. 'I'he field summaries are:
Completio ns
Kansa,; . . . . . . . . .
245
Oklahoma .
603
Wyoming . . . . . .
23
Production
9,837
38,106
2,430
Dry
46
189
Gas
5
l
14
G3
T o tal F ebruary... .
871
50,373
240
78
747
51,749
203
63
J a nuary 'fat al.....
The number of rigs and drilling wells at the close
of Fehruary : ln Kansas 494, in Oklahoma 1,427, ia
\\'yarning 274, a total uf 2,195, which was 157 less
than at the close of January.
Mining.
Light demand and lower prices have caused a slowing do wn of operations in the Colorado metal mines
During February there was a further reductio n of
the working for ces. All of t h e t ungsten mines were
clo,;ed, affecting dir ectly a lm ost 1,000 persons . L oss
b y fire of the m ill at Vanadium st opped product ion
a nd t hrew several· hun dred o ut of employment. Operations in t he carnotit e fields a lso stopped. This closed
a ll activities of t he ra r e metal mines, except those
;:rn<lucing molybdenum.
The zinc m ines are curtailing production furth er
a nd m uch of their prod uct is being stored for future
!<ale. The lead production of Colorado is coming
wholly from mines producing associated preciou,;
meta ls. T ,vo or th ree of t he manganese shippers han~
contrac t s running t o mid-summ er a nd ar e continuingoperations a t about 25% normal. Som e sm all co ntracts for florospa r ar e still in effect and oper ations
are a bout 50% of the aver a ge, for 1918.
There was very little change in the Missouri, Kansas and Oklahoma lead and zinc mines in the month
of February. The averag~ prices for blende ores
for the month on the Joplin market were $41.78 as
compared with $43.44 for the previous month. The
anrage for calamine was $26.87 as comparerl with
$35.01 for January. Lead ores averaged $51.95 as
compared with $60 in January. At the same period a
year ago average prices were: $56.07 for blende, $32.81
for calamine and $85.48 for lead.
outlook good. \Vhile there have been some indication of a decline in lumber prices, on account of hesitancy to place orders, no reduction of consequence has
yet materialized. Trade in other building materials
is about the same as in lumber. Cement is in good
demand at 20c@2Sc per barrel above prices a year
ago in consequence of the starting of public improvement in cities and extensive building of roads, culverts and viaducts. Common brick are bringing $1@
$2 mo1e pc:r 1,000 than a year ago.
Labor.
The situation respecting labor is clearing up with
the opening of spring and the resumption of ont-door
work. Commerc ial organizationi:i, working in harmony with Government and state labor bureaus and
agencies. are accomplishing a great deal in adju sting
contlitions, and as a result there are probably fewer
Production conditions were worse in February men out of employment than is usua l at this !:> eason.
than in January, colder weather interfe'ring at a num- The most critical labor situation is in the mining disber of plants. This, together with the lower prices, tricts where the transiti.o n from war to peace has
resulted in a much greater curtailment than had been brought lower. prices and a slackened demand for
anticipated. Owing to lowered production surplu,; the p rodncts of rhe mines, t hu s ca us ing a reduction of
stocks of zinc ores were reduced from 22,000 tons at operations and enforced idleness of a large number
the end of January to 12,000 tons at the close of Feb- o [ m iners. The sma:Uer camps in Col orado have reruary. Buyers absorbed the production of lead ore,; duced wages 50c@ 75c a day, an<l there is a general
lea,·ing only 200 tons as surplus in the field.
feel.ing th at wages a r e to be reduced in a ll camp:;
except C.rjppJe Creek. There an advance of 50c per
The coal industry, now free from all government day was made d u ring the. war and no r eductio n i,,;
restrictions, has practically returned to its mvn, al- now expected. \Vherever reductions ha\·c been made
though .since Febri.iary 1, production has been running . there has been no protest from employees.
but little above 50% normal on account of lack of
market. Coal OP.erators and dealers generally are_ ,.veil
The wage schedule of tlic b~ii"ding trades have been
satisfied with conditions, as from their expenence practically adjusted throughout t he district, an<l the
while under government regulation they learned a season is opening ,vith less friction than was expected,
good deal about computing costs and doing business wages generally higher and satisfactory to the men.
that will starid them. well in peace times. It is predicted that there will be fewer failures, more stability
.-\ few minur strikes .since the beginning of t he year
and a !{Cnerally healthy tone to the fuel business in h ~ve involved .sucb. a small number o f employees as
n o l tu rnaterially affect the general situation.
the future.
In spite of the low prices paid for ores there were
heavy shipments of blende ores, amounting to 9,857
tons per \Veek, calamine shipments averaging 200 tons
per week, or a total of more than 10,000 tons per
week of zinc ores. Lead qres averaged 1,254 ton~
per week, the average production.
Building and Construction.
Reports from the building department:; of the citie~
of this district iirdicate a revival of building activity
during the comii1g season, Fourteen cities, for which
complete r eturns. for Febrnary are in, shmv a total o[
967 permits issued in that month for buildings of an
estimated cost of Sl,872,504, as compared with the
January record of 573 perrnits and an estimated cost
of $1,334,392. \Vhile February permits were about
80% larger in number than in the corresptmding
month last vear, the amount of money involved in
construction - was· consideral>ly less . F a llo win g are
the reti1rns o n per mits for February, 1919, with perc ent of increase or ,d ecr ease a s compa r ed wit h per mits
for Febru.u:y. 1918 :
No. Permit~ Bst. Cost
238
Kansas City, Mo.
$ 360,860
... . . . .. ... 129
Omaha
Denver
. . . . . . . . . . 141
......... . .. 1.36
Tulsa
....... .. .
65
\ Vich ita
21
Topeka .. . . . . . . . . . . "
..... . . . . 20
St. Joseph
.. · , ..
75
Oklahoma City
25
Kansas City, Kan s . . ..
20
.. . .. . . . '
:.\-l uskogee
....... . . .
Lincoln
36
..
16
Colorado Spring s
....... . .... 33
P ueblo
.... - ... ...
12
J oplin
Total February, 1919 ..
967
274,715
219,500
351,520
158,250
30,200
18,755
175,310
63,335
105,238
68.190
4,570
23,196
18,865
Los,; or
Ga in
-78
+57
+26
_:,_;39·
+25
+ 112
-32
+ 152
+1284
+ 115
+625
--60
~1,872,504
T he lumber t rade, w hile it ha s no t a ttained its anticipa t ed volume, is b eginning t o s how a ctivity with
inc reasingly heayy buying for ea rly spring building .
City yard mana gers r eport a good m an y o rder s in
prospect and t he line yard managers in rural d ist r ict:.-;
sta te business is s lig htly a hea d o f last year w ith the
Mercantile.
The third 111011th of 1919 shov,'s improvement in
the mt:rcantile trade despite a t endency on the part
of manv retailers tu hold back o rder::. to wholesale
hous~-s .in the hop~ of a lowering of prices. vYhile
retailers arc still buying \vith a good deal of caution
the sum t o tal of their ·orders has swelled the volume
of trade somewhat i11 excess of that of last year at
this time.
T here is no g reat predominance in demancj o( one
line- of merchandise over a no t her , except that articles
o n which ther e have been reduc tions in price naturally
find readie r :;ale.
To ·meet th e sliding scale ' of prices which is now
prc,·alent, mercha1rts everyv.,-here are resorting to ad,·ertising and keeping t heir pr ices in line by c areful
purchases. l\fail order houses in · pa:rticular are meeting this condition by publishing at short interval:;
sales bulletins · in which articles priced very close to
the m arket a rc list ed. In this way a steady demand
for commodities is beirig maintained. It is suggested
that if m erd1ants e verywher e will keep their lines
"';.;;11 advertised, im pre ssing upon prospective customers rb e nee<J oL th e a r ticles at t h.~ _t im e when t hey arc
seasonable, it w i.!I d o 1tm ch h)" ease tlie cou:□trv's comm e rc ial in.tere:;;ts over a peribd ,{;hich is naturally unst able.
ln the depa rtment s to res both February a nd )..lar ch
show~d a m arked improvement in t r a de in a ll departm enb. Sales of spring w o men's apparel, shoes and
millinery are brisk , w hile in clo thing and m en's furnishings ther e has heen added a :stimulus due to r equirements of soldier s and sailors r eturning t o c iv ilian
life.
I n t he g r ocery line w holesa le dea ler s r eport reta ilers lmying in small q uantit iei:i for t he ir customer s'
n eeds. Cerea l foods show a s lig ht decline. Canned
good ~ are st a tionary, aft er a slight drop in J a nuar y,
and w aiting to s ee ,vhat is to be g rown t o put into
the ca ns .
Statement of Condition of the
FEDERAL RESERVE .BANK OF KANSAS CITY
INCLUDIN'(,."" BR'ANCHES
At close of business March 14th, 1919.
RESOURCES
Gold with Federal Reserve Agent. ...................... . $ 45,359,465.00
Gold Coin, Certificates & Redemption Fund .... ·......... . .
6,320,67220
Gold Held with Foreign Agencies. . . . . . . . . .. . . . . . . . . . . . . . .
291,443.73
Credit Balances (Gold Settlement Fund). . . . . . . . . . . . . . . . . 26,201,531.98
Legal Tender N ates, Silver Certificates and Subsidiary Coin. .
231,983.00
Total Reserve Cash ........ .... .. . . . . . . .... . . ... ... $ 78,405,095.91
T·otal Non-reserve Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial Paper (rediscounts) . . . . . . . . . . . . . . . . . . . . . . . .
Member Banks Collateral Notes. . . . .... . ..... .. .. .. . ... .
Acceptances . . .., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U .S. Bonds to Secure Circulation . . . . . . . . . . . . . . . . . . . . . . . .
U. S. Certificates of Indebtedness to Secure Circulation . . . . . .
Other U. S. Bonds.. ..... ............. ...... . ... .. ......
Other U. S. Certificates of Indebtedness . . . . . . . . . . . . . . . . . .
Premises . . . .... ... ... .... .. ... , . . . . . . . . . . . . . . . . .
Due from Other Federal Reserve Banks . . . . . . . . . . . . . . . . . .
Due from Depository Banks & Trust Companies . . . . . . . . . . .
Due from Branches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
All Other Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bank·
9,422,858.09
32,060,510.95
47,174,185.55
14,143,208.73
8,000,000.00
5,820,000.00
867,700.00
300,500.00
400,000.00
8,194,837.87
28,520,442..57
3,010,193.20
1,423,194.14
Total Resources .. . ... . .. ... . ...... . .. ...... .. . . .. $237,742,727.01
LIABILITIES
Capital Paid In . . . . .......... . . . ..... .... .. .. .... . .. . $ 3,737,900.00
Surplus . . . . . . . .. ... . . . . . . ... . ............. ... .. ..... .
2,421,426.71
Reserve Deposits, Net . . ... .. . ... . . . . ...... .. .. . ... . . . . 69,248,318.28
U. S. Government Deposits, General Account . . . . .... . . ... , 10,645,050.46
U. S. Government Deposits, Special Account. . . . . . . .... . . . . 28,520,442.57
Federal Reserve Notes Outstanding ......... ......... . . . . 107,916,250.00
Federal Reserve Bank Notes Outstanding .... ... . . . . ..... . . 13,775,700.00
1,477,638.99
All O.ther Liabilities .. . . ............. . . . .. . .. . . .. . .. . . .
Total Liabilities ....... . .. . ... .... , . ... .. ... ...... . $237,742,727.01
CLEARINGS
Total Clearings for Week .. '. ."... ......... . ... . .. .' . .. . . . . $174,052,910.09
Total Number of Items Handled .. . . .. . .. .. . . . . .. : . .. . . .
513,600
@FedFRASER