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Foreword
Minneapolis presents herewith the statistical facts that tell the story of the rapid
growth of the country and of the City. It offers herewith the reasons why
the Northwest should have a Federal Reserve Bank and why Minneapolis
is the logical place for its location.
Minneapolis represents the Northwest, the most prosperous and rapidly growing part of the United States. The City and the vast country over which
its financial influence extends, are vitally interested in the new currency law.
The financial legislation known as the Federal
Keserve Act, Minneapolis business men believe and
business men of the Northwest as a whole agree,
will work out successfully and beneficially, if in
the regional alignment at organization time proper'
consideration be given to great fundamental economic factors that are existent. The agricultural,
commercial and financial tendencies will shape conditions of the near future should also be considered.
The growth of the Northwest and the ever-increasing financial necessities, find presentation herein. Billions of dollars are recorded in the annual
turnover.
For the consideration of the organization committee this representation sets forth elsewhere in full
detail the facts concerning Minneapolis, as the
Financial center of the Northwest
Grain trade center
Manufacturing center
Distributing center
Milling center
Freight traffic center
What Minneapolis Presents
Minneapolis finances the major portion of the
crop movement from the farms of Minnesota, North
and South Dakota and Montana. It is the greatest
wholesale market. The lumber trade is financed
and managed fromTllinneapolis. It is the world's
greatest milling city. Its predominant position was
gained by9 and is based upon agriculture. Considered by itself, in relation to the Northwest or in relation to St. Paul it presents these facts and comparisons :
Minneapolis bank clearings, 1913... $1,312,000,000
St. Paul bank clearings, 1913
$530,000,000
Minneapolis bank deposits, not including savings banks
$101,000,000
St. Paul bank deposits, not including savings banks
$51,000,000
Minneapolis daily average loaded
freight cars received
1,159
St. Paul daily average
freight cars received
loaded
787
Minneapolis daily average freight
cars shipped
1,101
St. Paul daily average freight cars
shipped
519
Minneapolis total loaded carlot in
and out traffic, 1913
763,519
St. Paul total loaded carlot ia and
out traffic, 1313
410,848
Minneapolis averse, daily shipments
of merchandise) pounds.
3,400,940
St. Paul average daily shipments of
merchandise, pounds
1,841,390
Capital and surplus in all national
banks in Minneapolis in 1913
$13,710,000
Capital and surplus in all national
banks in St. Paul in 1913
$9,600,000
The net banking power of Minneapolis is 70 per
cent greater than that of St. Paul.
Minneapolis bank clearings in 1913 exceeded
those in Spokane, Denver and Seattle combined.
St. Paul has increased bank balances
since 1900 by
200%
Individual deposits in
national banks in 1913
Accounts carried by outside banks in
Minneapolis banks
3,327
Minneapolis
Increase in individual deposits in Minneapolis national banks since 1900...
$45,000,000
350%
Individual deposits in St. Paul national
banks, 1913 •.
$35,000,000
Increase in individual deposits in St.
Paul national banks since 1900
200%
Balances of Minneapolis national banks
in 1913
$35,000,000
Balances of St. Paul national banks in
1913
$17,000,000
Minneapolis has increased bank balances since 1900 by
,
500%
Farm output of Minnesota, North and
South Dakota and Montana advanced
nearly 400 per cent in 1890-1900.
Farm output of the United States as a
whole advanced 184 per cent in 18901900.
Merchandise cars, forwarded and received, 1913, Minneapolis
225,021
Merchandise cars, forwarded and received, 1913, St. Paul
156,197
Minneapolis-Duluth market in 1913 received 62
per cent of all grain received in Minneapolis, Duluth, Kansas City, St. Louis and Omaha.
The Northwest and the New Currency System
Minneapolis and Its Relation to the Rich and Rapidly Growing Territory
Whose Agricultural, Commercial and industrial Activities
the City Finances.
The plea for the location of a federal reserve
bank in the Northwest is based on the clause in
section 2 of the federal reserve act, which states:
"Provided, that the districts shall be apportioned
with due regard to the convenience and customary
course of business and shall not necessarily be coterminous with any state or states."
The business men of the Northwest are grateful
for consideration accorded by the organization committee to just claims to recognition as an agricultural, commercial, manufacturing and banking district, in putting into effect a piece of legislation
which is confidently believed by the great majority
of the people to be the most important and beneficent, from an economic standpoint, of any that has
been passed in a half, at least, if not a whole, century.
neapolis from a half hour to three-quarters of an
hour sooner than St. Paul, and depart westward
from a half hour to three-quarters of an hour later.
This district is served by railroads whose mileage
has grown from 19,706 miles in 1900, to 29,642 miles
at the end of June 30, 1911, with terminals at Minneapolis and St. Paul.
Minneapolis and St. Paul constitute a center with
a population, according to the census figures of
1910, of 516,152 people, of which 301,408 lived in
Minneapolis. Minneapolis gained in population
from 1900 to 1910, 47 per cent, and St. Paul gained,
during the same period, 31 per cent. At the same
rate of increase, at the next federal census in 1920
the population of Minneapolis will be 450,000, while
tflat of St. Paul will be 280,000.
This commercial, marketing and banking center
represents essentially an agricultural people, and
the value of total farm jproducts from these states
from 1870 to 1910 is shown by the following table:
In that vast new and growing territory extending from Minneapolis, St. Paul and Duluth westward to Puget Sound, amounting in area to over
one-fifth of the United States and consisting of
Value of Farm Products by Decade* with the Perabout one-sixth of the arable lands of the United
centage of Increase in the Last Ten-Year Period.
States, with a variety and. extent of natural reTotals Include the Return from Dairy Products
sources not exceeded, if equaled, by any other terriand Live Stock.
tory of like size on this continent, there is a gene
ral and universal desire and even eagerness on the
Per Cent of
Part of all national and most state banks and trust
Increase in
1910
1900
Last Decade
companies to enter the system provided by this new
currency bill. No section of the entire country will
GS
$270,000,000 $161,217,000
this bill a more cordial welcome or a heartier Minnesota
211
In speaking of the Northwest, reference is made
Particularly to the states of Minnesota, North and
»°uth Dakota, Montana and Washington, comprise s an area of 447,070 square miles. This is nearly
a A I ? *f6t8h et hNee awr Ee an o f N e w Y o r k > Pen nsylvania
;*W °
^ a n d states combined, which
* 160,850 square miles.
The Railroads and the Banks
entire
district
» running east and
are four great trunk lines centering into Min-
*IT ± and St PauL
Kan?
These
PaUl & S a u l t Ste
m
1>acifie
a u d Ohi
'
^
Marie
'
are the Min
Great
ne-
Northern,
PauL
•
'
<>ago, Milwaukee & St.
th all of the traffic, freight, passenger,
* With
ex
e
ex
We
We ***** press, passing over these lines from the
to the
th east, trains
i on these roads enter Minto
North Dakota—
South Dakota
Montana
Washington
Total
162
112
191
126
1390
Minnesota.
North Dakota
South Dokota
Montana
Washington
Total
200,000,000
173,000,000
60,500,000
101,300,000
64,252,000
66,082,000
28,616,000
34,827,000
$804,800,000 $354,994,000
1880
1870
$71,238,000 $49,468,000
21,264,000
5,648,000
22,047,000 /
6,273,000
2,024,000
13,674,000
4,212,000
$27,440,000
$61,352,000
$31,216,000
$134,496,000
400,000
1,376,000
2,000.000
The Rapidly Growing Northwest
Minnesota, North and South Dakota, according
to the reports of the Agricultural Department of
the United States, had from 27 to 35 per cent of
their tillable soil under cultivation in 1909. They
are credited by the same authority with having
146,000,000 acres capable of cultivation, as against
311,000,000 acres actually cultivated in the entire
United States in 1909. Judging from the tremendous increase in the production of these states during the last thirty years, it is hardly possible to
over-estimate the probable production during the
next ten or twenty years.
The population of these states in 1890 was 2,350,022, while the 1910 census gives the same states
a population of 4,654,695, or a gain of nearly 100
per cent.
The increase in business, agricultural products
and banking capital and deposits is many times
greater than the increase in population, as will be
shown by the following figures :
In 1898 the total deposits of the 216 banks in
Minnesota were $59,370,000; in South Dakota the
deposits of the 190 banks were $9,713,000; total deposits of the 111 banks in North Dakota were $9,109,000, or a total for the three states of $78,192,000, while in 1913 the deposits of the 1,046 banks
of Minnesota were $379,013,000; deposits of the 625
banks in South Dakota were $90,535,000, and of the
751 banks in North Dakota, $90,321,000, or a total
of $559,869,000.
It is not possible to take any similar area in the
United States and show any increase even approximating this.
State Banks and the New Law.
Of the 2,978 banks in the five states comprising
the district under consideration, Minnesota, North
and South Dakota, Montana and Washington, with
a combined capital of 109,944,000 and surplus of
$61,711,000, with deposits of $858,660,000 and loans
to customers of $765,220,000, 652 are national banks
and the remaining 2,326 are state or private banking institutions. In round numbers, $80,000,000
of the capital and surplus of the total of $170,000,000, is held by national banks and the balance, $90,000,000, by state banks.
The only possible inducement that could be offered these 2,326 state banks to join the Federal
Reserve System is the convenience and usefulness
of such a bank to them, and that convenience and
usefulness lies in making it possible for them to
use the system along the lines of present established
relations.
In a map presented herewith is shown the distances between the Twin Cities and the various
supply centers for the Northwest, also the distance
between Chicago and these centers. It is important to note the fact that currency can reach the
eastern border of Montana within one day from
Minneapolis, while from Chicago the time required
is two days. This means much to the local bank
as well as to the local grain buyer.
Less than a quarter of a century, and, as to a
large part of this territory, less than a decade,
measures the period of its greatest growth and
development. Its past performance and its present
prosperity and condition are but an earnest of what
it will do in the future.
While this representation covers particularly the
agricultural products of this territory, it is important to consider that Minnesota is the greatest ITOE
producing state in the Union, and Montana likewise
takes the lead in copper production, and this is
clearly shown by the data and charts herewith.
Western Canada and the Future.
Enhancing the importance of this district, is the
fact that within the last few days the local parliaments of the provinces of Manitoba, Saskatchewan
and Alberta have unanimously passed resolutions to
be forwarded to the Dominion Parliament at Ottawa, in favor of removing the Canadian tariff on
wheat, and the presnt premier of Manitoba, who
strenuously opposed reciprocity, and also one of
the conservative members of the present cabinet
have come out strongly in favor of such removal
It is confidently predicted in Canada that it is only
a question of a short time when this tariff will be
removed, and, when it is removed, Minneapolis will
be the cash market for a large amount of the wheat
to be grown in those provinces. Thousands of citizens of the United States are now making their
homes in Canada. Their desire is to trade with
the States, and the business of the two countries
would be greatly facilitated by the location of a
Federal Reserve Bank at Minneapolis, the natural
gateway to all "Western Canada.
In addition to being the greatest primary grain
market in the world, Minneapolis is the leading distributing center of agricultural implements to this
entire Northwestern country.
In diversity, variety and volume of production
from the soil, the forests and the mines, no other
district of similar area in the United States can
begin to equal it.
The Northwest Is Optimistic.
Even* during the natural and temporary business
lull of a presidential year, and of the one immfr
diately following a change of federal administration, this entire territory, with only negligible exceptions, and Minneapolis its natural metropolis
were prosperous to an unprecedented degree.
the passage of the recent tariff bill, fraught with
an almost certain increase in our trade intercourse
with the Canadian Northwest, which is beyond the
fair estimate of the most far-sighted and even
visionary, supplemented by the beneficial provisions of the currency bill, its people of the Northwest, and Minneapolis business men believe, of the
whole country, are entering upon a period of safe
and sane development and prosperity, such as we
have never before experienced. Happily, the doleful forebodings of impending business disaster
which in the near past have been emanating from
certain quarters, have largely passed away, and
optimistic predictions as to an immediate awakening in all lines of business are now being generally
made. These predictions are in line with the best
judgment of the business men and bankers in this
great district.
Size of Farms Has Bearing on Reserve Bank Problem
Northwest Section Requires Extraordinary Agencies for Gathering,
Storing, Marketing and Financing of Agricultural Products—
Unique Credit System Developed.
a magnificent surplus of values each year, it logically follows that the prevalent farm credit is a relatively short-time obligation associated with the improvement and equipment of farms and the financing of crops. Such securities do not lie within the
category of the usual farm mortgage in static com*
munities or on the margin of settlement where the
farm debt carries the first costs of acquisition and
development.
It has been demonstrated that Minnesota mortgages are of such nature, as to time, purpose and
amount, as to place them in the highest class of
real-estate securities, indeed, to a degree, analogous
to "commercial paper/* *
The prevailing size of farms taken in connection
with the nature of agricultural industries and conditions of farm tenure, may be indicative of certain
commercial activities and associated banking operations of regional significance.
Minnesota, the Dakotas and Montana are states
of large farm units. These farms are mainly engaged in specialized production and contribute
strongly to the national food supply, and to the export trade. For these reasons this section requires
extraordinary agencies for the gathering, exchange,
storage and distribution of such products, and for
the financing of great values involved. In certain
instances the elaboration of crude products has
come to constitute large manufacturing industries,
particularly, the milling of grains, flax, and forest
products.
These industrial activities and commercial transactions are largely seasonal, and involve relatively
short periods of time fend likewise a short-time
financial and trade turnover, thus constituting the
most substantial basis of bank credit as recognized
by accepted banking theory and modern laws in all
commercial nations.
Payments Have Significance
The significance of expenditures for farm labor
in the northern states becomes apparent when such
payments are considered in connection with .Uhe
relatively sparse population, small number and
large size of farms, and the relatively extreme seasonal nature of farming activities in this part of
the United States.
The seasonal demand for labor in the wheat fields
of Kansas is well known. It is a matter of fact
Grain Financing System Developed
that the harvest demand for labor in Minnesota
The banks, grain houses and millers of Minne- and the Dakotas surpasses that of any other food
apolis, have of necessity developed a system of producing section of equal area and importance in
handling and financing grain which is not only the world.
unique and indigenous to this district, but is reThe seeding and harvesting of wheat in the North
markably similar, almost identical in principal, to
is
not co-ordinated, as in states farther south and
the European discount system, an adaptation of
which is apparently contemplated by the new cur- east, with the sequential operations of general
farming and the contiguous processes of cultivarency law.
tion,
harvesting and feeding characteristic of the
A study of farm credits reveals noteworthy facts
corn
country.
Furthermore, the share tenant sysconcerning agricultural finances in the country tribtem
and
stable
labor supply of the southern counutary to the Minneapolis money market, namely
try
reduces
to
a
minimum the need of banking acthe relatively high and seasonal demand for bank
accommodations as compared with the South and commodation in aid of harvest operations.
The seasonal demand for wage payments is a
West, and a comparative absence of tenancy in contrast with equally productive areas in other regions. unique factor of considerable importance in the
In other words, the lands of Minnesota, the Dakotas necessary funding operations of the banks of the
and Montana, are cultivated and managed by their Northwest. This demand arises out of the necesowners; and, in view of the fact that they produce sity for a relatively large number of farm laborers,
6
for relatively short periods of employment, and at
a relatively high cash wage.
The fact that such expenditures are almost immediately reflected in commercial products, commanding a world market and stable and certain
values, is especially significant
Farm Employment Figures from Census
Census reports upon farm employment for 1909,
including approximately 60 per cent of all farms,
for Minnesota, the Dakotas and Montana as compared with Kansas, Nebraska and Iowa, appear in
the accompanying table:
Minnesota
Dakotas
and
Montana
Total farm wages. $69,800,000
Average wages per
farm
$343.00
Kansas
Nebraska
and
Iowa
Excess of
Northern Section Over
Southern
Section
$59,000,000
$10,800,000
18%
$224.00
$119.00
54%
•Report on conditions in Minnesota with regard to
agricultural credit, by committee appointed by Gov. A. O.
Eberhart, December 9, 1913.
Minneapolis Finances The Agricultural Northwest
Grain Drafts Aggregating $217,909,000 Were Paid By Minneapolis
Banks Last Year. Clearings Totaled $1,312,000,000.
Currency Shipments Amounted to $34,358,000.
If the organization committee ghall designate the
territory embracing Minnesota, North and South
Dakota, Montana and Washington as a federal reserve district, it will be charged with the further
duty, second only in importance, of designating
within such territory a federal reserve city. Section 2 of the act requires "that the federal reserve
districts shall be apportioned with. due regard to
the convenience and customary course of business
and shall not necessarily be coterminous with any
state or states." The real purpose and spirit of this
requirement, with respect to the reserve districts,
is peculiarly applicable in designating the reserve
cities. It is especially the convenience of the peopie within the district and the usual and customary
course of business therein which must necessarily
be controlling in the selection of a reserve city.
Merely geographical, educational, social, sentimental, governmental or political reasons should have
little if any weight, in the selection of such a city.
By the census of 1910 Minneapolis had a population of 301,408, while St. Paid was given 214,744.
This lead in population of Minneapolis over St:
Paul of 86,664 in 1910 (and now in all probability
considerably greater) tells but a small part of the
real story. The constantly increasing prestige and
precedence of Minneapolis over St. Paul as the
commercial, manufacturing and banking center of
the Northwest is so marked and indisputably proven
by the facts and figures of official records as to
leave no room for doubt or discussion.
St. Paul had the advantage of being the older
city and the capital of the state, which, in the days
of small things, gave it an artificial lead over Minneapolis, but commencing with 1880, a decade of
real rivalry and competition set in, at the end of
which Minneapolis was well in the lead of St. Paul
in practically all the lines of activity in which these
cities were engaged, and every year since has but
emphasized and increased this lead. Comparisons
are said to be odious, but if this be true, circumstances sometimes make them necessary.
Minneapolis the Logical Place
That city should be selected which, by reason of
its location, the extent and variety of its business,
the volume of its banking capital and surplus, its
resources in available deposits, as well as its size and
8
commercial and general importance, is most intimately connected with, and most closely touches,
the various activities of the whole district,
We wish to show the supremacy of Minneapolis
as the location for a reserve bank as compared
with St. Paul.
First* in reference to its banking capital and surplus at the present time:
Minneapolis—
Capital
$10,630,000.00
Surplus
9,723,000.00
*
Total
$20,403,000.00
as against
St. Paul—
Capital
$6,750,000.00
Surplus
•
5,241,000.00
;
Total
'
$11,991,000.00
Second, deposits:
Minneapolis
$112,244,000.00
St. Paul
58,403,000.00
Third, bank clearings for 1913:
Minneapolis
$1,312,412,257.00
St. Paul
530,515,562.00
This makes total clearings for the year 1913 for the
two cities of $1,842,927,819.00, of which Minneapolis
had 72 per cent and St Paul 28 per cent
Just in what degree the beginning of the crop
movement annually affects Minneapolis may be seen
i n a c h a r t presented herewith, which shows that
weekly clearings rose from $17,776,000.00 in AugU st, 1913, to $37,616,000.00 in October, 1913, and
in St. Paul from $9,790,000.00 in August, to $12,588,000.00 in October. Comparisons for a period of
years show that these changes always occur at crop
moving time and that Minneapolis always carries
the load of providing money or credit for the Northwest
In this connection, it is an interesting and significant fact that the lowest weekly clearings of Mm*
neapolis exceeded by about $4,000,000.00 the highest
weekly clearings of St. Paul for the year 1913.
Minneapolis bajnks handled in 1913, $217,909,*
000.00 worth of grain drafts, and shipped out for
the purchase of grain in currency, $34,358,000.00,
of which $20,782,000.00 was shipped during the
months of August, September, October and November.
There are 2,978 banks in Minnesota, North Dakota, South Dakota, Montana and Washington, and
the number of country bank accounts carried in the
Minneapolis banks all told during December, 1913,
was 3,329.
The total of out-of-town checks handled by the
banks of Minneapolis during 1913 was $1,328,274,000.00.
The process of growth in national bank capital
and surplus of the two cities from 1872 to the present time is strikingly illustrated by the following
figures:
In 1872 the
Capital of national banks in
Minneapolis was
$542,000.00
Surplus
41,585.00
Total
In St. Paul
Capital
Surplus
$583,585,00
$1,077,900.00
249,021.00
Total
In 1880
Minneapolis
Capital
Surplus
$1,326,921.00
$1,250,000.00
105,588.00
Total
St. Paul
Capital
Surplus
$1,355,588.00
$2,200,000.00
505,000.00
Total
In 1890
Minneapolis
Capital
Surplus
Total
St. Paul
Capital
Surplus
Total . . , .
In 1900
Minneapolis
Capital
Surplus
Total • . . . . . . ,
$2,705,000.00
$4,500,000.00
602,000.00
$5,102,000.00
#
$5,200,000.00
1,290,000.00
$6,490,000.00
$4,000,000.00
697,000.00
$4,697,000.00
9
St. Paul
Capital
Surplus
$3,800,000.00
667,000.00
Total
$4,467,000.00
Financial Strength of Northwest
As showing the banking resources of the states
of Minnesota, North Dakota, South Dakota, Montana and Washington, the following figures are significant :
Capital of state and national banks
in Minnesota
$45,426,000.00
Surplus of state and national banks
in Minnesota
30,315,000.00
Capital of state and national banks
in North Dakota
14,015,000.00
Surplus of state and national banks
in North Dakota,
6,585,000.00
Capital of state and national banks
in South Dakota
12,644,000.00
Surplus of state and national banks
in South Dakota.
5,470,000.00
Capital of state and national banks
in Montana
•
13,591,000.00
Surplus of state and national banks
in Montana
7,262,000.00
Capital of state and national banks
in Washington
24,268,000.00
Surplus of state and national banks
in Washington
12,079,000.00
Total capital of the states named
$109,944,000,00
Total surplus of the states named.. 61,711,000,00
Total deposits of the banks of the states above
enumerated, $85S,666,000.00, with loans of $765,220,000.00.
Minneapolis has long financed the Northwest crop
movement. Its ownership of grain elevators, line
lumber yards, branch houses of produce firms and
its interests in numerous country banks, have made
banking records that afford immediate access to
the credit situation in the Northwest.
The intimate acquaintance of the Minneapolis
bankers with the bankers of the entire Northwest
and their personal knowledge of the territory in
which they are operating would be quite indispensable to the proper management of a federal reserve
bank in this territory.
The Strategic Situation
The strategic position of Minneapolis as a location for a federal reserve bank as against the claim
of St. Paul, can be shown in no better manner than
by stating that in North Dakota only one town can
reach St. Paul without first passing through Min-
neapolis. No cities or towns in Montana or Washington can reach St. Paul without first passing
through Minneapolis. This is true also of threefourths of Minnesota and more than one-half of
South Dakota.
Minneapolis especially represents and is the natural center for all agricultural, commercial and
banking interests of this entire district. It is the
peculiar merit of this bill which has so generally
commended it to the intelligence and conscience of
tthe American people that it is to be the especial
handmaid of the legitimate industries of the whole
country, be they agricultural, commercial or manufacturing. Those speculative activities which are,
and always have been, essentially parasitical are,
with rare wisdom, not fostered by this bill and are
10
only recognized by it to be expressly excluded from
any of th§ benefits of its provisions.
The federal reserve districts and the federal reserve cities which your committee will designate,
will, in all human probability, remain unchanged
for five, ten, fifteen or perhaps twenty-five years.
The important and far-reaching effect of your work
in these respects cannot well be exaggerated. You
are charged with the duty of meeting not merely
the necessities of the present but also of providing
for the probable requirements of the future. The
designation of this territory as a federal reserve
district and of Minneapolis as the reserve city will
best serve the interests of that portion of the country and fully meet the requirements of the currency
bill.
Grain Crops of the Northwest Flow to Minneapolis
City is Distributing Center of Agricultural Yields of Minnesota, North
Dakota, South Dakota and Montana, and of All Products
Blanufactured Therefrom.
Minneapolis is the market through which pri- value of the 1913 crop of grain, including hay and
marily the great bulk of the agricultural products potatoes, of $441,090,000.
of Minnesota, North and South Dakota and MonReceipts of grain and flaxseed at Minneapolis and
tana finds distribution. An important part of the Duluth, by crop years, with average price per year,
grain and agricultural products of Northern Iowa and values, for 1900, 1903, 1906, 1909, 1912 and
and Nebraska is also distributed through this mar- 1913, are shown in Grain Exhibit " B . "
ket center. "While a certain portion of the grain
Attention is called to the fact that receipts at
from North Dakota and Northern Minnesota is Minneapolis and Duluth combined, for the year 1900,
marketed at Duluth, nearly all this grain is re- totaled more than 150,000,000 bushels, and that of
ceived and handled at Duluth by branch offices of the crop of 1912, nearly 337,000,000 bushels were
Minneapolis grain firms, and nearly all the financing received by both Minneapolis and Duluth combined,
of the crops of Minnesota, North and South Da- of which about 207,000,000 bushels were received by
kota and Montana is arranged for in Minneapolis.
Minneapolis, and 130,000,000 bushels by Duluth.
Estimated value of the receipts at Minneapolis
Attention is directed first to the character and
value of the products of the farms of these four was over $193,000,000 for the crop of 1912, and
states, the extraordinary growth in total quantity $135,742,160 for Duluth, making the total value of
produced, and the value thereof, during the past the grain and flaxseed received at these two markets
thirteen years. It will be shown later that the in- during the crop year of 1912, $328,783,180.
Minneapolis is a very important shipping center,
crease in quantity and value of farm products
throughout the Northwest is vastly greater than and on Grain Exhibit " C , " shipments of grain
and flaxseed from Minneapolis by crop years, with
the proportional increase in the Southwest
Production and value at the farm of wheat, com, the average price per year and value, are set forth,
oats, barley, rye, flaxseed, buckwheat, potatoes and for the crop years of 1900, 1903, 1906, 1909, 1912
hay, are given in Grain Exhibit " A " hereto attach- and^part of 1913. Total value of the grain and flaxed, showing the yield and the value for Minnesota, seed shipped from Minneapolis in 1900 was slightly
North and South Dakota and Montana, separately, over $16,000,000, while shipments from Minneapolis
also the total production and value of these four in the crop of 1912 reached $77,745,000. This shows
states. These are shown also for the crop of 1900, the enormous growth of Minneapolis as a shipping
1903, 1906, 1909, 1912 and 1913. All estimates of and distributing center during the past twelve
production and farm values are taken as of De- years.
cember 1 each year, and are from the tables comThe Fanners and Country Elevators. V/
piled by the United States Department of AgriculIt is a well known fact that the farmers and proture.
ducers of the Northwest desire to market the bulk
The total production of grain and potatoes in of their crop during the months of September, Octhe crop of 1900 for these four states was nearly tober, November and December following the har242,000,000 bushels, total value being estimated at vest, and the quantity of farm products thrown up$97,690,000.
on the market during the crop-moving period is
Contrast this with the production in the crop of therefore vastly in excess of the requirements of
1912 of over 928,000,000 bushels of grain and pota- consumers. This necessitates the carrying of the
surplus until demand is reached, and it is to the
V i ' ^ 1 1 a n e s t i m *ted value of $421,745,000.
The crop of 1913 in the Northwest was less than banks of Minneapolis that those engaged in carrytnat of 1912, and yet the total production of grain ing this grain look for the funds necessary for this
an
<* potatoes in these four states alone equaled work.
The enormous strain which this situation places
yearly 759,000,000 bushels, with an estimated value,
^ecember 1, 1913, of $407,413,000. Adding to this upon the resources of the banks of Minneapolis is
"7. Pro<*u<>tion of 4,618,000 tons of hay, with an clearly shown by Grain Exhibits " D , " " E " and
estimated value of $33,677,000, gives a total fi>rm
11
Grain Exhibit " D " shows the stocks of grain nearly all of which must be arranged for by the
and flaxseed (and values) in store in terminal ele- Minneapolis banks during these four months.
vators at Minneapolis, on various dates from AuExperience in the 1907 Panic
gust 31, 1913, to January 1, 1914, showing an inOne of the main purposes of a federal reserve
crease in value from August 31, when the amount bank is to relieve periods of extraordinary strain.
was $8,853,700, to $21,673,500, on January 1, 1914, In this connection, attention should be called to
an increase of about $13,000,000 in the value of the the practice of the farmers and grain producers
stocks in store in Minneapolis in four months. This of storing grain in country elevators in enormous
increase was* less, in fact, during September, Octo- quantities, taking storage receipts therefor, which
ber, November and December, 1913, than is usually storage receipts are later surrendered and the grain
the case for corresponding months of previous sold.
years, owing to the fact that an unusually large
Storage receipts outstanding in farmers' hands
quantity of grain was carried over during the mid- during the height of the crop movement of the crop
summer months; the fact being that in the majority of 1912 were estimated to represent a total value
of years the terminal stocks are very low during the of $8,000,000. In case of a panic, or other abnormid-summer months and at the beginning of the mal condition, all of these storage tickets are likely
crop movement in the falL
to be presented and surrendered, and demand made
Grain Exhibit " £ " shows the same features re- upon the elevator companies for their value. This
garding grain and flaxseed in store in terminal ele- actually happened during the fall of 1907, and, elevators at Duluth, during the same period, the total vator companies, being unable to secure funds from
value of grain and flaxseed in store at the terminal the Minneapolis banks, were entirely unable to purelevators on August 31, 1913, being $5,485,690, and chase the grain represented by the storage receipts.
on January 1, 1914, $13,042,490.
It is a condition such as this that a reserve bank
In other words, on August 31, 1913, in the ter- is designed to care for.
minal elevators in both Minneapolis and Duluth,
The Great Milling Industry
there was in store grain and flaxseed to the value
Minneapolis is well known to be the largest flour
of $14,339,390, and in four months from that date manufacturing center in the world. Grain Exhibit
this amount had been increased to $34,715,990, an
"G" sets forth that there were manufactured and
increase of over $20,000,000.
shipped by the Minneapolis mills during the calenIn Grain Exhibit " F " is set forth a statement,
dar year 1913, 17,673,725 barrels of flour, with a
showing the total number of country grain elevators
total value of $68,043,841. Of this amount, 1,764,805
in the four states tributary to Minneapolis to be
barrels were expqrted, having a value of $6,794,499.
5,239, with a total capacity of about 104,780,000
Some fifty-one country mills are located in the
bushels. The total quantity of grain in store in
territory immediately tributary to Minneapolis,
these country elevators, as per the statement in the
with a total daily capacity of 40,865 barrels. The
"Northwestern Miller'1 (in January 7, 1914, issue,
output of these country mills was 62 per cent of
page 26), is from twenty-five to twenty-seven miltheir capacity in 1913, making the total daily output
lion bushels. This represents a value of about
of these country mills about 25,000 barrels, and the
$18,200,000.
yearly output 7,500,000 barrels, with a total value
Taking the stocks of grain and flaxseed on hand
of $28,875,000.
in the Minneapolis terminal elevators, Duluth terIn other words, the Minneapolis flour mills and
minal elevators, and country elevators, on January
the country mills in the territory tributary to Min1, 1914, the total amounts to nearly $53,000,000 in
neapolis manufactured 25,173,725 barrels of flour
value; and practically all o fthe money necessary
during 1913, with a total value of $96,918,841.
to carry this grain is arranged for at Minneapolis.
Practically all of this enormous flour manufacturCountry elevators are as a rule almost entirely
ing business is financed by banks in Minneapolis,
empty on August 31 of each year; and if to the
and the smaller banks of the Northwest.
increase in value of grain in store in terminal elevators at Minneapolis and Duluth, from August 31,
Linseed Oil and Mill By-Products
1913, to January 1, 1914 (which, as stated before,
Minneapolis is also the largest linseed oil manuis over twenty million dollars) be added the value facturing center in the world. Grain Exhibit "H"
of country elevator stocks on hand January 1, shows that during the calendar year 1913, 216,222,1914, it makes an increase of about $38,500,000, 794 pounds of linseed oil were manufactured, with
12
on account of the removal of the tariff to Minneapolis and Duluth, it would represent a total of
about 40,000,000 bushels, with a value of $30,000,000, which would be added to the value of the grain
necessarily financed by the banks at these market
places.
Northwest Compared with Southwest
In considering the question of the location of a
federal reserve bank at Minneapolis the importance
and value of the agricultural products of the Northwest should be compared with similar data regarding the Southwest, tributary to Kansas City and St.
Louis and Omaha.
Grain Exhibit " K " sets forth the United States
government crop reports, showing the production
and farm value of the crops of Missouri, Kansas, Nebraska, Oklahoma and Colorado, and the totals for
the same crops, with reference to Minneapolis. The
United States Department of Agriculture estimates
of production and values are used, as in the tables
for the Northwest, the values being based on December of each calendar year.
These five states are tributary to the grain markets of St. Louis, Kansas City and Omaha.
In Grain Exhibit "K" your attention is called to
the fact that the total farm value of the products
of these five states for the crop of 1900 was $356,000,000, and for 1913 $565,591,000; while the value
of the products of the four Northwestern states for
1913 is $441,090,000, compared with $97,690,000.
This shows that the Northwestern states are increas$95,445,378 ing at a vastly greater rate in agricultural importance than is the case with the Southwestern states.
The New Tariff, and Western Canada
Grain Exhibit " L " sets forth the receipts of
In Grain Exhibit "J" is set forth the production grain at St. Louis, Kansas City and Omaha, the
of grain and flax in the three Northwestern Cana* three leading grain markets of the Southwest, at
provinces of Manitoba, Saskatchewan and Al- 201,940,111 bushels, while receipts of grain at Minberta, according to the dominion census for the crop neapolis alone for the same crop year reached
of 1913, the total being 472,109,000 bushels in the 206,812,670 bushels. In other words, Minneapolis,
<*op of 1913.
alone received more grain and flaxseed than all of
the three Southwestern markets combined.
t The production of grain in Western Canada is
greasing yearly at a rapid rate. During 1913
Terminal Grain Storage
about 1,750,000 bushels of grain and flaxseed were
Grain Exhibit " M " sets forth the terminal elejeceived at Minneapolis from Western Canada, and vator stocks at Minneapolis and Duluth, as con™e duty paid, the value being about $1,000,000.
trasted with the Southwestern terminals. On April
recei
ved since August 1, 1913, about 2, 1913, there was in store in the terminal elevators
00 bushels of grain and flaxseed in bond and at Minneapolis alone 24,426,000 bushels of grain and
ise, with an estimated value of over $4,000,- flaxseed, and on the same date there was in store
. If the duty of Canadian grain entering the at Duluth 26,102,000 bushels, a total of 50,528,000
ited States is removed, possibly one-fifth of the bushels in both markets. The grand total on these
shipped to Fort William will be shipped to dates for the three Southwestern markets was 19,**0* a n d Duhith. Receipts at Port.William 261,000 bushels. In other words, Minneapolis alone,
year 1913,would exceed 200,000,000 bush- or Duluth alone, had in store in their terminal eleoae-fifth of this amount should be diverted vators a very much larger quantity of grain than
'
13
a total value of $14,414,853. The oil cake manufactured at the same time equaled 432,445,590 pounds,
with a value of $6,486,684, making a total value
of the products of the linseed oil manufactured of
$20,901,537. About 75 per cent of this oil cake was
exported.
The manufacture of ground screenings in Minneapolis is a growing industry, and the 1913 output
was valued at about $500,000.
Stock foods manufactured in Minneapolis during
1913 represent $1,000,000 in value, and the stock
foods manufactured outside of Minneapolis, but
financed in Minneapolis, represent $800,000 in value.
Grain Exhibit "I" sets forth the importance of
the malting and ground feed industries in Minneapolis, showing the total value of malt manufactured at Minneapolis during 1913 to have been $3,500,000, and of ground feed, $1,500,000.
The manufacturing processes directly connected
with the grain and flaxseed receipts at Minneapolis
alone represent a grand total of $95,445,378 of output, the financial arrangements for all of these
enterprises being arranged for at Minneapolis.
These in order are made tip as follows:
Flour manufacturing
$68,043,841
Linseed oil and oil cake
20,901,537
Ground screenings
500,000
Stock foods
1,000,000
Ground feed
1,500,000
Malt
3,500,000
the total amount in store in the terminal elevators
at St. Louis, Kansas City and Omaha combined, taking the greatest amount in store on any day in the
y^ar for each of these three markets.
Minneapolis has 50 terminal elevators with storage capacity of 38,550,000 bushels. Duluth and
Superior combined have 34 elevators with a storage
capacity of 32,275,000 bushels. Together, Minneapolis and Duluth-Superior have a joint terminal
capacity of over 70,000,000 bushels.
Terminal elevator capacity at St. Louis is 10,000,000 bushels; Kansas City, 11,235,000 bushels;
Omaha, 6,575,000 bushels. In other words, the terminal elevator capacity of the three Southwestern
grain markets combined is only 27,830,000, as compared with the terminal capacity of 38,550,000
bushels at Minneapolis alone.
The flour milling capacity at Minneapolis is 77,160
barrels daily. The milling capacity of the flour
mills at St. Louis, Kansas City and Omaha, combined, is 26,100 barrels daily, or about one-third of
the capacity at Minneapolis alone.
Grain Exhibit " N " sets forth the elevator and
milling capacity of all the grain markets of any
importance in the United States and Canada.
One small flour mill of 500 barrels capacity .is located, at St. Paul. A few country flour mills are
financed from St. Paul. Two very small elevators,
with a capacity of about 40,000 bushels, are located at St. Paul, these elevators being of the size
of the ordinary elevator located at a country station.
St. Paul distributes more hay than Minneapolis,
the receipts of hay at Minneapolis amounting to
37,870 tons, with a value of about $378,700; St.
Paul receipts being 209,950 tons, with a value of
$2,099,500. This one agricultural item, however,
is relatively unimportant as compared with the
agricultural data generally. Grain receipts at St.
Paul for the year ending August 31,1913, amounted
to 114 cars inspected at St. Paul. About 600 cars
were forwarded from Minneapolis to St. Paul during this period.
14
Minneapolis and the "Midway."
A switching yard, called the Minnesota Transfer,
is located in the "Midway," strictly speaking within
the city limits of St. Paul, but immediately adjacent
to the eastern boundary of Minneapolis, and is ineluded within the Minneapolis switching district
The linseed oil industries and the terminal elevator
located at the Minnesota Transfer are operated from
Minneapolis, and the offices of the linseed oil companies and the elevator company, whose properties
are located at Minnesota Transfer, are with one exception located in Minneapolis, and all of the financial arrangements connected with their operation
are made at Minneapolis. Finally, the enormous total
capacity of the .agricultural products of the Northwest, taken into consideration with the commercial
importance of the Northwest along many other lines,
unquestionably entitles the Northwest to one of the
reserve banks. The financial supremacy of Minneapolis over St. Paul, Duluth or any other city
in the Northwest, is beyond question, and this is
true in many lines, but in none other is this preeminence more striking than in the distribution of
the agricultural products of the Northwest.
The enormous quantity and value of grain which
must be "carried" by the banks of the Northwest
from the marketing period to the time of consumption, and the exceedingly great value of the output
of flour mills, linseed oil mills, and other manufacturing industries connected with the movement of
the agricultural product, all indicates Minneapolis
as the city entitled from every standpoint to the
location of a reserve bank; for the reason that ft
is through this market place that the grain of the
Northwest naturally flows. The grain distributed
through the grain-market of Duluth must all be
credited to Minneapolis, since the banks of Minneapolis are expected to furnish the funds necessary
for the distribution of grain through that market
place.
GRAIN EXHIBIT "A*1
Government Crop Figures*
KIND OF GRAIN
Production
Crop of 1900—
Wheat
Corn
Oats
Barley
........
Rye
••<•••
Potatoes
Buckwheat.
MINNESOTA
....
Total
Hay, tons
Total
Hay, tons.
Value 12/1
Production
Value 12/1
$32,451,000
9,221,000
10,058,000
2,765,000
436,000
Bu.
13,176,000
381,000
6,300,000
1,999,000
84,000
$7,643,000
161,000
2,016,000
700,000
35,000
Bu.
20,150,000
32,149,000
12,654,000
1,544,000
28,000
$11,687,000
9,402,000
3,037,000
479,000
11,000
8,637,000
144,000
2,591,000
82,000
1,537,000
754,000
4,031,000
142,306,000
1,424,000
$67,604,000
9,893,000
23,477,000
248,000
$11,309,000
1,398,000
70,826,000
2,065,000
$12,707,000
$67,497,000
MONTANA
Production
TOTAL
Value 12/1
Production
Value
Bu.
1,930,000
24,000
2,669,000
202,000
$1,178,000
15,000
1,079,000
97,000
Bu.
86,765,000
64,619,000
63,431,000
11,021,000
1,149,000
$52,959,000
18,799,000
16,190,000
4,041,000
482,000
1,452,000
641,000
340,000
14,846,000
144,000
5,137,000
82,000
$26,068,000
8,154,000
5,366,000
59,000
$2,709,000
5,139,000
241,975,000
3,796,000
$97,690,000
24,684,000
$34,222,000
$7,848,000
$122,274,000
$48,751,000
15,477,000
20,643,000
10,280,000
788,000
4,992,000
5,467,000
40,000
55,241,000
2,168,000
21,845,000
12,469,000
367,000
13,246,000
2,033,000
17,000
$34,802,000
911,000
6,772,000
4,489,000
168,000
10,729,000
976,000
9,000
47,253,000
41,619,000
27,268,000
10,657,000
705,000
3,906,000
2,887,000
$29,297,000
14,567,000
7,908,000
3,517,000
282,000
3,125,000
1,559,000
2,785,000
92,000
7,633,000
733,000
47,000
177,000
2,272,000
$1,838,000
57,000
2,637,000
426,000
30,000
107,000
1,000,000
175,932,000 $114,688,000
84,606,000
31,012,000
125,535,000
37,960,000
51,643,000
18,712,000
2,869,000
1,258,000
23,343,000
18,953,000
16,153,000
9,002,000
92,000
49,000
224,774,000 $106,438,000
10,443,000
1,580,000
107,386,000
178,000
$58,846,000
816,000
134,295,000
278,000
$60,255,000
1,285,000
13,639,000
698,000
$6,095,000
6,150,000
480,173,000 $231,634,000
2,734,000
18,694,000
$12,245,000
$250,328,000
70,653,000
40,727,000
68,889,000
27,784,000
1,750,000
6,014,000
8,961,000
75,000
$61,540,000
$59,662,000
$116,881,000
Total value
Crop 1906—
Wheat
Production
SOUTH DAKOTA
Bu.
61,609,000
31,795,000
41,908,000
7,276,000
1,037,000
Total value
Crop 1903—
Wheat
Corn
Oata
Barley
Rye
Fhixseed
Potatoes
Buckwheat......
Value 12/1
NORTH DAKOTA
Oats
Barley
Rye
Fiaxseed
Potatoes
Buckwheat
55,802,000
60,150,000
72,012,000
31,592,000
1,708,000
4,742,000
12,124,000
64,000
$36,272,000
17,051,000
19,444,000
11,057,000
854,000
4,884,000
4,486,000
35,000
77,896,000
4,170,000
40,170,000
15,816,000
434,000
14,511,000
2,467,000
$49,075,000
1,627,000
10,932,000
5,220,000
204,000
14,802,000
1,135,000
41,956,000
62,813,000
46,410,000
22,910,000
622,000
3,980,000
3,543,000
$25,593,000
18,268,000
11,603,000
7,332,000
280,000
3,980,000
1,240,000
3,298,000
94,000
8,502,000
473,000
42,000
299,000
2,144,000
$2,111,000
61,000
3,741,000
265,000
28,000
299,000
1,308,000
178,952,000 $113,051,000
117,227,000
36,955,000
167,410,000
45,720,000
70,791,000
23,874,000
2,806,000
1,366,000
23,532,000
23,965,000
20,278,000
8,169,000
64,000
35,000
Total
Hay, tons
228,194,000
1,460,000
$94,083,000
8,027,000
155,780,000
258,000
$82,995,000
1,158,000
182,234,000
333,000
$68,244,000
1,495,000
14,852,000
692,000
$7,813,000
6,156,000
581,060,000 $253,135,000
2,743,000
16,836,000
$13,969,000
$269,971,000
Total value.....
$102,110,000
$84,163,000
$69,739,000
(Table continued on next page)
GRAIN EXHIBIT "A"—Continued
Government Crop Figures.
MINNESOTA
KIND OF TRAIN
Production
Crop 1909—
Wheat...
Corn.
Oats.
Barlcv
Rve
Ffaxseed
Potatoes
Buckwheat
Total
Hay, tons
Bu.
94,080,000
58,812,000
90,288,000
31,600,000
2,280,000
4,500,000
18,400,000
76,000
...
MONTANA
Production
Value 12/1
TOTAL
Production
Value
$42,829,000
32,635,000
14,790,(KK)
8,960,000
341,000
8,516,000
2,520,000
Bu.
10,764,000
175,000
15,390,000
1,900,000
68,000
120,000
4,500,000
$9,364,000
150,000
6,464,000
1,107,000
44,000
192,000
2,295,000
Bu.
243,194,000 $226,011,000
130,302,000
64,928,000
198,778,000
69,223,000
74,137,000
33,922,000
3,394,000
2,025,000
24,489,000
37,798,000
31,300,000
13,235,000
76,000
54,000
32,907,000
995,000
$19,706,00p
9,950,000
705,070,000 $446,996,000
3,687,000
25,112,000
$29,656,000
$472,308,000
$138,029,000
$114,691,000
99,236,000
3,766,000
13,778,000
12,307,000
20,948,000
406,000
1,864,000
52,185,000
76,347,000
5,323,000
23,062,000
52,062,000
312,000
6,510,000
$36,008,000
28,248,000
6,016,000
9,686,000
13,098,000
162,000
2,344,000
19,346,000
612,000
5,520,000
1,424,000
22,848,000
235,000
6,105,000
$12,381,000
428,000
6,182,000
755,000
7,997,000
141,000
2,442,000
282,389,000 $196,663,000
162,894,000
61,367,000
27,050,000
30,920,000
101,666,000
39,975,000
293,062,000
73,205,000
7,437,000
3,722,000
62,346,000
15,911,000
126,000
82,000
353,513,000 $143,553,000
2,541,000
16,262,000
302,566,000 $152,305,000
2,805,000
510,000
216,509,000
672,000
$95,561,000
4,099,000
56,090,000
1,216,000
$30,326,000
10,093,000
928,678,000 $421,745,000
4,939,000
33,259,000
$159,815,000
$155,110,000
$40,419,000
$455,004,000
Total value
Bu.
47,588,000
65,270,000
43,600,000
19,910,000
678,000
6,640,000
4,000,000
Value 12/1
$189,932,000
Total
Hay, tons
- Total value
$83,501,000
3,325,000
16,368,000
8,913,000
272,000
22,340,000
1,980,000
Production
186,486,000 $110,601,000
4,100,000
804,000
67,038,000
78,177,000
4,121,000
42,018,000
122,932,000
6,026,000
33,075,000
126,000
Total
Hay, tons*
Bu.
90,762,000
6,045,000
49,600,000
20,727,000
478,000
14,229,000
4,400,000
Value 12/1
186,241,000 $136,699,000
200,000
1,330,000
Crop 1912—
Wheat
Corn... *
Flaxseed.
Barley
Oats...
Hye
Potatoes
Buckwheat.
.
$90,317,000
28,818,000
31,601,000
14,852,000
1,368,000
6,750,000
6,440,000
54,000
Production
SOUTH DAKOTA
300,036,000 $180,200,000
1,622,000
9,732,000
Total value
Crop 1913—
Wheat
Corn
Oats
Barley
Rve
Flaxsced
Potatoes
Buckwheat.
Value 12/1
NORTH DAKOTA
48,938,000
28,925,000
4,945,000
17,227,000
31,162,000
3,013,000
9,261,000
82,000
143,820,000
8,758,000
12,086,000
35,162,000
95,220,000
864,000
6,656,000
$99,660,000
$57,564,000
5,616,000
17,348,000
10,200,000
810,000
8,712,000
2,836,000
33,175,000
67,320,000
42,135,000
16,765,000
660,000
3,060,000
. 4,680,000
$24,383,000
37,699,000
14,326,000
7,712,000
312,000
3,672,000
" 2,948,000
20,673,000
882,000
21,750,000
1,860,000
210,000
3,600,000
5,040,000
$19,346,000
679,000
6,960,000
893,000
116,000
4,140,000
3,377,000
199,983,000 $153,069,000
175,002,000
94,874,000
234,354,000
74,680,000
78,925,000
35,509,000
8,370,000
3,974,000
17,010,000
20,398,000
45,070,000
24,891,000
99,000
63,000
359,923,000 $177,809,000
16,434,000
2,490,000
187,080,000 $103,086,000
2,250,000
388,000
167,795,000
552,000
$91,052,000
3,588,000
44,016,000
1,188,000
$35,511,000
11,405,000
758,813,000 $407,458,000
33,677,000
4,618,000
$194,178,000
$105,366,000
$46,916,000
$441,090,000
67,280,000
96,000,000
112,644,000
34,800,000
5,700,000
3,150,000
30,250,000
99,000
$51,776,000
50,880,000
• 36,046,000
16,704,000
2,736,000
3,874,000
15,730,000
63,000
78,855,000
10,800,000
57,826,000
25,500,000
1,800,000
7,200,000
5,100,000
$94,640,000
GRAIN EXHIBIT "B."
RECEIPTS AT MINNEAPOLIS BY CROP YEARS, WITH AVERAGE PRICE PER YEAR AND VALUES.
WHEAT
Bushels
YEAR
Aver.
Price
VALUE
.70
.79
.77
1.14
1.00
.83
$57,373,120
67,259,913
71,435,672
115,785,992
125,498,420
44,995,000
CORN
Bushels
Aver.
Price
VALUE
OATS
Bushels
Aver.
Price
.35
.45
.42
.63
.64
.62
$3,243,195
1,760,440
2,225,131
4,423,320
3,921,421
2,588,000
12,909,710
25,057,710
20,374,750
17,610,030
21,063,960
12,388,780
.24
.34
.30
.44
.41
.36
VALUE
BARLEY
Bushels
$3,098,330
8,510,621
6,112,425
7,748,413
8,636,224
3,460,000
5,248,940
12,249,040
11,690,010
22,555,170
35,810,150
18,433,770
Aver.
Price
VALUE
RYE
Bushels
$2,099,576
5,634,378
4,909,804
13,081,999
27,215,714
10,139,000
814,520
1,786,430
1,911,730
2,442,450
5,948,720
3,115,640
Aver.
Price
VALUE
FLAXSEED Aver.
Bushels
Price
VALUE
TOTAL
VALUES
I
81,961,600
1900
85,139,130
1903
92,643,730
1906
101,566,660
1909
125,498,420
1912
4 M c s l 9 1 3 . . . 54,210,140
9,266,270
3,912,090
5,297,930
7,021,170
6,127,220
4,172,850
.40
.46
.42
.58
.76
.55
.50
.49
.57
.74
.74
.54
$407,260
875,351
1,089,686
1,807,413
4,402,793
1,683,000
7,180,060
8,216,970
10,162,240
9,251,180
12,363,200
5,078,450
1.59
1.05
1.13
1.63
1.89
1.40
$11,416,296
8,627,819
11,483,332
15,079,424
23,366,448
7,110,000
$77,637,777
92,677,522
97,256,050
157,926,581
193,041,020
69,975,000
GBAIN EXHIBIT "C."
MINNEAPOLIS SHIPMENTS BY OBOP YEABS, WITH AVEBAGE PBIOE PEE YEAB AND VALUES.
YEAR
1900....
1903
1906
1909
1912
Part 1913
.'
WHEAT
Aver.
Price
VALUE
CORN
10,096,970
17,153,160
20,828,130
' 22,093,800
33,266,350
11,141,060
.72
.81
.79
1.16
1.02
.85
7,269,818
13,894,060
16,454,062
25,628,808
33,931,677
9,469,901
1,812,250
757,020
3,450,150
5,041,300
4,125,820
3,160,010
Aver.
Price
.37
.47
.44
.65
.66
.64
VALUE
Aver.
Price
OATS
670,533
4,064,710
355,800
13,572,220
1,518,066 1 19,097,370
3,276,845
15,181,400
2,723,041
16,081,450
2,022,406 ' 10,050,370
.26
.36
.32
.46
.43
.38
BARLEY
Bushels
Aver.
Price
3,672,810
8,727,850
10,661,310
20,556,790
33,297,570
• 14,823,530
.42
.48
VALUE
1,056,825
4,885,999
6,111,158
6,983,444
6,915,024
4,161,150
•U
.60
.78
.57
VALUE
RYE
Bushels
$1,542,580
4,189,368
4,690,976
12,334,074
25,972,105
8,449,412
533,260
1,115,860
1,710,110
1,460,260
4,089,340
2,142,060
Aver.
Price
.52
.51
.59
.76
.76
.56
VALUE
$277,295
569,088
1,008,965
1,089,798
3,107,898
1,199,554
FLAXSEED Aver.
Price
Bushels
3,295,260
3,347,600
5,196,640
2,090,050
2,667,910
576,310
1.61
1.07
1.15
1.65
1.91
1.42
VALUE
$5,303,759
3,581,932
5,976,136
3,448,583
5,095,708
818,360
TOTAL
VALUE
$16,120,810
27,476,247
35,759,363
52,761,552
77,745,453
26,120,783
Percentage Crop Marketed at Minneapolis:
YEAR
1900
1903
1906
1909
1912
Crop
Bushels
Minneapolis
Receipts
Bushels
241,975,000
480,094,000
581,060,000
705,670,000
928,298,000
117,381,100
136,361,310
142,080,390
160,446,660
206,812,670
Percentage
.485
.284
.244
.227
.222
RECEIPTS AT DULUTH BY CBOP YEABS, WITH AVEBAGE PBICE PEB YEAB AND VALUES. RECEIPTS AT DULUTH BY CBOP YEABS, WITH AVEBAGE PBICE PEB YEAB AND VALUES.
YEAR
1900
1903
1906
1909
1912
Part 1913
WrHEAT
Bushels
Aver.
Price
VALUE
19,434,000
29,063,000
52,827,000
58,294,000
86,084,000
52,198,000
.70
.79
.77
1.14
1.00
.83
$13,603,800
22,959,770
40,676,790
66,455,160
86,084,000
43,324,340
CORN
Bushels
6,489,000
12,000
129,000
920,000
446,867
73,000
Aver.
Price
VALUE
OATS
Bushels
.35
.45
.42
.63
.64
.62
$2,271,150
5,400
54,180
579,600
286,000
45,260
1,637,000
4,940,000
4,608,000
8,167,000
9,340,000
4,349,000
Aver.
Price
VALUE
BARLEY
Bushels
Aver.
Price
.24
.34
.30
.44
.41
.36
$392,880
1,679,600
1,382,400
3,593,480
3,829,400
1,565,640
2,452,000
6,754,000
10,450,000
12,757,000
14,600,000
9,363,000
.40
.46
.42
.58
.76
.55
Percentage. Crop Marketed at Minneapolis and Duluth:
YEAR
1900
1903
1906
1909
1912
1913
CROP
Bushels
227,129,000
463,941,000
564,907,000
674,370,000
875,952,000
713,743,000
DULUTH
RECEIPTS
Bushels
37,008,000
60,486,000
89,620,000
89,702,000
130,120,000
74,475,000
Percent- MINNEAPOLIS Percentage
RECEIPTS
age
.163
.130
.159
.133
.149
.104
Bushels
117,381,100
136,361,310
142,080,390
160,446,660
206,812,670
515
298
254
•238
236
TOTAL
Both Markets
Bushels
150,389,100
196,847,310
231,700,390
250,148,660
336,932,670
Only four mos.
Percent*
age ,
.678
.428
.413
.373
.385
*
VALUE
RYE
Bushels
$980,800
3,106,840
4,389,000
7,399,060
11,096,000
5,149,650
759,000
932,000
654,000
738,000
2,339,000
953,000
Aver.
Price
.50
.49
.57
.74
.74
.54
VALUE
$379,500
456,680
372,780
546,120
1,730,860
514,620
FLAXSEED Aver.
Price
Bushels
6,237,000
18,785,000
20,952,000
9,826,000
17,310,000
7,539,000
1.59
1.05
1.13
1.63
1.89
1.40
VALUE
9,916,830
19.724,050
23,675,760
16,016,380
32,715,900
10,554,600
TOTAL
VALUES
$27,544,960
47,932,540
70,550,910
94,589,800
135,742,160
61,154,110
GRAIN EXHIBIT " D . "
Minneapolis Stocks By Months.
DATE
WHEAT
VALUE
Bu.
7,014,978 $5,962,700
August 31, 1913..
October 4, 1913. . 10,834,386
9,209,200
CORN
VALUE
OATS
VALUE
BARLEY
RYE
VALUE
VALUE
'
FLAX
VALUE
Bu.
16,826
$11,800
Bu.
1,777,606
$665,500
Bu.
129,953
$8Q,6Oo'
Bu.
128,757
$78,500
Bu.
36,643
$53,500
37,617
24,800
3,124,089
1,124,700
768,055
483,900
374,072
213,200 j
68,574
96,700
i
Nov. 1, 1913
14,450,972 11,999,300
18,140
11,200
3,355,890
1,174,600
1,155,489
670,200|
586,084
316,500
115,917
163,400
Dec. l t 1913
16,161,795 13,406,000
21,388
13,300
3,452,082
1,208,200
1,224,244
673,300
752,573
398,900 j
238,773
429,500
Jan. 1, 1914.
19,050,337 15,811,800
178,813
100,200
3,157,267
1,041,900
1,215,311
608,500
748,120
306,500
210,021
304,530
40,000
5G,000
1
P R I V A T E HOUS ES—Estim ated—
Aug. 31, 1913
500,000
425,000
10,000
7,000
1,700,000
646,000
1,300,000
806,000^
100,000
61,000
Oct. 1, 1 9 1 3 . . , .
800,000
680,000
20,000
13,200
3,100,000
1,116,700
700,000
441,000
200,000
114,000 !
70,000
102,200
1,000,000
830,000
20,000
13,200
3,300,000
1,155,000
1,100,000
038,000
200,000
108,000
100,000
141,000
1,000,000
830,000
20,000
12,400
3,400,000
1,190,000
1,200,000
6(i0,000
300,000
159,000
150,000
201,500
1,500,000
1,245,000
80,000
45,000
3,100,000
1,023,000
1,200,000
060,000
300,000
159,000
150,000
217,500
Nov. 1, 1913..
Dec. 1 , 1 9 1 3 ,
.
Jan. 1, 1914
.
R E C A P I T U L A T ION—
i
Aug. 3 1 , 1 9 1 3 . . . .
Oct. 1, 1913
Nov. 1, 1913
Dec, 1, 1913
Jan. 1, 1914
i
$8,853,700
13,618,900
17,219,600
19,181,600
21,673,500
i
1
1
t
GRAIN EXHIBIT " E . "
Duluth Stocks By Months.
DATE
WHEAT
i
Aug. 31, 1 9 1 3 . . . .
Oct. 4, 1913
\
VALUE
Bu.
3,083,000 $2,520,550
9,391,000
CORN
VALUE
Bu.
7,794,530
OATS
VALUE
BARLEY
Bu.
420,000
$168,000
Bu.
812,000
1,786,000
669,750
VALUE
RYE
$52,700
2,065,000
1,280,300
331,000
186,360
861,000
1,231,000
1,805,000
1,206,750
368,000
198,720
1,640,000
2,239,000
162,240
2,668,000
3,721,722
170,980
1,169,000
1,721,350
9,584,640
1,323,000
467,930
10,440,000
8,665,200
1,093,000
400,310
936,000
524,160
312,000
Jan. 1,1914
12,260,000 10,298,400
1,214,000
341,600
911,000
510,160
332,000
Aug. 31, 1913
Oct. 4, 1913
Nov. 1, 1913
Dec. 1, 1913
Jan. 1, 1914
VALUE
Bu.
86,000
11,548,000
R E C A P I T U L A T ION AT D ULUTH—
FLAX
if
$503,440;
Dec, 1, 191?
Nov. 1, 1913
VALUE
Bu.
1,535,000 $2,241,000
RECAPITULATION OF TERMINALS MINNEAPOLIS A N D DULUTH
$5,485,690
11,161,940
13,696,020
13,473,632
13,042,490
$14,339,390
24,780,840
30,915,620
32,655,232
34,715,990
RECAPITULATION MINNEAPOLIS A N D D U L U T H T E R M I N A L STOCKS A N D COUNTRY ELEVATOR STOCKS
January 1,1914 Minneapolis Terminals
Duluth Terminals
Country Elevator Stocks
$21,673,500.00
13,042,490,00
18,200,000.00
$52,915,990.00
GRAIN EXHIBIT " F , "
Capacity of Country Elevators By States. Stocks County Elevators.
ELEVATORS
CAPACITY—Bushels
Minnesota
1536
30,720,000
North Dakota
1883
37,660,000
1160
23,200,000
660
13,200,000
5239
104,780,000
South Dakota
Montana
Total
As per statement in "Northwestern Miller", issue of Jmnuary 7, 1914, page 26
25,000,000 to 27,000,000 bushels—Value $18,200,000.00
GRAIN EXHIBIT "Chfl
GBAIN EXHIBIT "J."
CANADIAN CROPS
VALUE OF FLOUR OUTPUT OF MINNEAPOLIS
Barrels
Year
Average
Price Per
Barrel
Estimate of Dominion Census Three Northwest Provinces:
Value
1913 C r o p Wheat
189,116,000 bu.
Oats
239,595,000 bu.
1900.
15,082,725
$3.08
$46,454,793
1903.
15,582,785
3.50
54,539,747
1906.
13,825,795
3.46
46,837,250
.1909.
14,867,245
4.93
73,295,517
1912.
17,031,935
4.46
75,960,230
1913.
17,673,725
3.85
68,043,841
472,109,000 bu.
Receipts at Fort William and Port Arthur, crop year ending
August 81,1913—
EXPORTS
1900.
4,702,485
3.03
14,483,653
1903.
3,081,115
3.50
10,783,903
1906.
2,425,035
3.46
8,390,621
1909.
1,645,970
4.93
8,114,632
1912.
1,132,640
4.46
6,051,574
1913.
1,764,805
3.85
6,794,499
Barley
27,904,000 bu..
Rye
Flax
686,000 bu.
'
Wheat
14,808,000 bu.
107,230,690 bu.
Oats
34,523,460 bu.
Barley
9,857,206 bu.
Flax
18,051,139 bu.
169,664,495 bu.
51 Country Mills with daily capacity of 40,865 barrels.
These country mills average 62% active in 1913, making
daily output 25,000 barrels.
Yearly Output—7,500,000 barrels at $3.85 average price
per barrel—$28,875,000.
TOTAL OUTPUT MINNEAPOLIS MILLS AND COUNTRY
MILLS TRIBUTARY TO MINNEAPOLIS
25,173,725 barrels at $3.85 average price per barrel—
$96,918,841.00.
GRAIN EXHIBIT " 3 "
On Basis of 20% Fort William and Port Arthur Receipts—
21,440,140 bu.
Value
$18,229,219
Oats
6,904,690 bu.
2,623,782
Barley
1,971,840 bu.
1,123,948
Flax
3,610,230 bu.
5,126,526
Wheat
LINSEED OIL
1913
216,222,794 lbs. at 6.666 cents per pound
OIL CAKE
-432,445,590 lbs. at 1.5 cents per pound
$27,103,475
$14,414,853
Canadian Receipts at Duluth from August 1, 1913, to January 3,1914—
~6,486,684
$20,901,537
About 75 percent exported.
GROUND SCREENINGS
Capacity
134 tons per day.
Value of output
$500,000.
Wheat
2,580,000 bu. at 87
$2,244,600
Oats
2,845,000 bu. at .40
1,138,000
Barley
694,000 bu. at ..59
409,460
Fiaxseed
250,000 bu. at 1.44
360,000
$4,152,060
STOCK FOODS
Value of Output
Outside plants
$1,000,000.
financed
$800,000.
Value
4
Ground Feed Mills, capacity
Value of product
Wheat
Oats
GRAIN EXHIBIT "I"
Malting Capacity of Minneapolis
Canadian Receipts at Minneapolis for calendar year 1913—
4,500,000 bu.
$3,500,000.
Barley
Fiaxseed
78,080 bu. at .85
$66,368
1,314,000 bu. at .38
499,320
58,050 bu. at .51
30,088
277,290 bu. at 1.42
393,752
800,000 tona
$1,500,000.
$989,528
GRAIN EXHIBIT "K."
Government Crop Reports. Southwest Tributary to Kansas City, St. Louis and Omaha.
KIND OF GRAIN
MISSOURI
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
TOTAL
Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1
Crop Year 1900—
Wheat
Corn
Oata
Barley
Rve
Flax
Potatoes
Buckwheat....
Total
Hay, tons
Values....
Crop Year 1903—
Bushels
Bushels
Bushels
Bushels
Bushels
18,847,000 $11,874,000 82,489,000 $45,369,000 24,802,000 $13,146,000 18,658,000 $9,889,000
80,711,000 57,828,000 63,871,000 52,439,000 210,431,000 65,234,000 14,145,000 3,678,000
24,696,000
5,680,000 43,064,000
9,905,000 37,779,000
9,067,000
15,000
7,000 4,187,000
1,382,000
582,000
197,000
135,000
1,923,000
827,000
69,000
868,000
347,000
10,107,000
32,000
3,538,000
22,000
7,247,000
3,479,000
9,665,000
83,000
Bushels
7,208,000 $4,253,000 152,004,000 $84,531,000
3,189,000 1,531,000 572,347,000 180,710,000
631,000
297,000 106,170,000 24,949,000
1,586,000
4,784,000
1,243,000
2,926,000
4,736,000
53,000
27,019,000
115,000
11,753,000
75,000
234,543,000 $79,018,000 302,781,000 $113,401,000 284,210,000 $92,780,000 32,803,000 $13,567,000 11,028,000 $6,081,000 865,365,000 $304,847,000
2,769,000 19,238,000 4,032,000 18,344,000 2,640,000 13,594,000
58,000 9,466,000 51,234,000
25,000
$98,256,000
$131,745,000
$106,374,000
$13,567,000
$6,139,000
$356,081,000
Wheat
Corn
Oats
Barley
Rve
Flax
Potatoes
Buckwheat
22,195,000 $15,759,000 87,250,000 $51,478,000 42,158,000 $22,765,000 27,480,000 $17,432,000
202,840,000 68,966,000 171,687,000 61,808,000 172,380,000
48,267,00 76,822,000 29,613,000
17,402,000
7,804,000 59,427,000 16,046,000 14,564,000 5,019,000
5,569,000 26,012,000
34,000
1,492,000 1,705,000
563,000
18,000 4,388,000
280,000
590,000 2,229,000
825,000
154,000 1,341,000
67,000
34,666
347,000
891,000
704,000
189,000
162,000
291,000
555,000
452,000
5,741,000
4,185,000
3,557,000 5,159,000
3,353,000 1,635,000 1,330,000
4,363,000
34,000
36,000
28,000
18,000
13,000
26,000
Total
Hay, tons
248,873,000 $95,146,000 295,700,000 $127,461,000 283,265,000 $91,994,000 121,123,000 $53,880,000 22,378,000 $12,864,000 971,429,000 $381,345,000
4,230,000
381,000 2,210,000 1,593,000 11,914,000 10,549,000 63,835,000
945,000
4,764,000 31,699,000 2,866,000 13,782,000
Values....
Crop Y e a r 1 9 0 6 —
$126,845,000
$141,243,000
$96,222,000
$56,090,000
31,735,000 $21,263,000 81,831,000 $80,440,000 52,290,000 $50,172,000 21,544,000 $12,057,000
Wheat
228,523,000 86,839,000 195,075,000 62,424,000 249,783,000 72,437,000 134,231,000 41,039,000
Corn
14,686,000
7,682,000 72,275,000 18,792,000 19,487,000 5,754,000
4,847,000 24,780,000
Oats
165,000
1,042,000
467,000
40,000
2,785,000 3,360,000
20,000 8,437,000
Barley
24,000
878,000
42,000
285,000
514,000 1,995,000
171,000 1,027,000
Rye
134,000
142,000
263,000
470,000
244,000
533,000
Flax
3,825,000 1,824,000 1,412,000
7,160,000
4,701,000 7,355,000
4,081,000 6,715,000
Potatoes
8,000
13,000
28,000
17,000
20,000
23,000
Buckwheat....
Total
Hay, tons
Values
7,424,000 $4,890,000 186,507,000 $112,324,000
2,222,000 1,200,000 625,951,000 209,854,000
4,594,000 1,884,000 121,999,000 36,322,000
2,515,000
442,000 6,852,000
725,000
1,635,000
32,000 3,970,000
53,000
1,609,000
1,982,000
17,019,000
24,080,000
7,360,000 4,416,666
67,000
88,000
$24,778,000
$445,180,000
8,267,000 $5,374,000 195,667,000 $169,306,000
3,158,000 1,579,000 810,770,000 264,918,000
5,963,000 2,684,000 137,191,000 39,759,000
411,000 13,064,000
4,423,000
760,000
25,000 3,393,000
1,612,000
44,000
848,000
938,000
16,661,000
5,871,000 2,642,000 28,925,000
45,000
64,000
282,720,000 $117,485,000 318,421,000 $159,033,000 387,213,000 $147,288,000 177,595,000 $61,051,000 24,063,000 $12,715,000 1,190,012,000 $497,572,000
484,000 2,762,000 1,597,000 15,168,000 8,307,000 63,590,000
2,129,000 21,282,000 2,207,000 13,794,000 1,890,000 10,584,000
$138,767,000
$172,827,000
$157,872,000
(Continued on next page.)
$63,813,000
$27,883,000
$561,162,000
GRAIN EXHIBIT "K."—Continued.
KIND OF GRAIN
MISSOURI
KANSAS
NEBRASKA
OKLAHOMA
COLORADO
TOTAL
Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1 Production Value 12/1
Bushels
Bushels
Bushels
Bushels
Crop Year 1909—
28,562,000 $29,990,000 87,203,000 $83,715,000 49,650,000 $44,188,000 15,680,000 $15,837,000
Wheat
213,840,000 126,166,000154^82
Corn
54,282,000 83,225,000 194,060,000 97,030,000101,150,000 55,632,000
Oats
18,630,000
8,011,000 27,185,000 11,690,000 61,825,000 21,639,000 15,950,000 7,337,000
Barley
50,000
34,000 4,860,000
2,576,000 2,640,000
1,135,000
690,000
448,000
Rve
225,000
568,000
426,000 1,320,000
184,000
54,000
805,000
50,000
Flax
202,000
385,000
424,000
60,000
166,000
232,000
136,000
72,000
Potatoes
7,480,000
5,679,000 8,190,000
5,012,000 7,189,000
4,914,000 1,890,000 1,796,000
Buckwheat...
42,000
14,000
14,000
16,000
37,000
14,000
Bushels
Bushels
10,758,000 $10,005,000 191,853,000 $183,735,000
3,267,000 2,287,000 666,542,000 364,397,000
7,448,000 3,947,000 131,038,000 52,624,000
618,000 9,176,000
936,000
4,811,000
64,000 2,255,000
88,000
1,529,000
783,000
894,000
10,400,000 5,928,000 35,149,000 23,329,000
72,000
65,000
Total.,.. 269,031,'000
$169,666,000 281,629,000 $187,806,000 317,837,000 $169,891,000135,474,000 $81,172,000 32,897,000 $22,849,000 1,036,868,000 $631,384,000
M
Hay, tons
3,719,000
15,912,000 2,325,000 13,950,000
~ 30,868,000 2,652,000
"'
810,000 5,913,000 1,760,000 17,600,000 11,266,000 84,243,000
Values..
$200,534,000
$203,718,000
$183,841,000
$87,085,000
$40,449,000
$715,627,000
Crop Year 1912—
Wheat
23,750,000 $21,375,000 92,290,000 $68,295,000 55,052,000 $37,985,000 20,096,000 $15,072,000 10,968,000 $8,006,000 202,156,000 $150,733,000
Corn
243,904,000 112,196,000174,225,000 69,690,000 182,616,000 67t568,O0'OlOi;878;OOO 41,770,000 8,736,000 4,368,000 711,359,000 295,592,000
Oata
37,125,000 12,994,000 55,040,000 19,264,000 55,510,000 J6,653,000 23,494,000 7,988,000 12,412,000 4,717,000 183,581,000 61,616,000
4,358,000
Barley
160,000
80,000 2,964,000 1,482,000 9,895,000
1,654,000 2,486,000
1,044,000
149,000
98,000 4,136,000
1,305,000
268,000 2,115,000
488,000
48,000
42,000
324,000
880,000
Rye
222,000
493,000
178,000
477,000
625,000
496,000
120,000
9,000
12,000
96,000
Flax
390,000
19,000
24,000
72,000
79,000
300,000
56,000
64,000
12,000
18,000
16,000
Potatoes
28,000
16,000
30,000
4,190,000 9,440,000
4,814,000 1,740,000 1,618,000 8,075,000 3,311,000 32,975,000 19,439,000
Buckwheat...
7,980,000
5,506,000 5,740,000
Total.... 313,232,000 $152,454,000 332,224,000 $163,819,000 306,021,f000 $128,597,000 147,425,000 $66,582,000 43,739,000 $22,272,0001,142,641,000 $533,724,000
1,552,000 13,037,000
481,000 3,559,000 i,So5,ooo 16,574,000 8,081,000 73,771,000
Hay, tons
4,143,000 40,601,000
Values.
$193,055,000
$163,819,000
$141,634,000
$70,141,000
Crop Year 1913—
Wheat
39,586,000 $33,252,000 86,983,000 $68,717,000 62,325,000 $44,251,000 17,500,000 $14 ,350,000
Corn
129,062,000 95,506,000 23,424,000 18,271,000 114,150,000 74,198,000 52,250,000 37,620,000
Oats
26,500,000 11,925,000 34,320,000 15,444,000 59,625,000 22,658,000 18,540,000 8,343,000
50,000
876,000
63,000
1,069,000 1,760,000
Barley
66,000 1,944,000
110,000
41,000
1,044,000
48,000
472,000 1,740,000
630,000
180,000
240,000
Rye
59,000
54,000
348,000
300,000
58,000
50,000
Flax
16,000
20,000
8,000
10,000
19,000
22,000
Potatoes
4,418,000 1,920,000 2,016,000
2,657,000 5,654,000
3,004,000 2,920,000
3,230,000
Buckwheat...
$38,846,000
$607,495,000
9,680,000 $7,551,000 216,074,000 $168,121,000
6,300,000 4,599,000 325,186,000 230,194,000
10,675,000 4,697,000 149,660,000 63,067,000
3,867,000
3,250,000 1,820,000 7,127,000
1,941,000
204,000 2,998,000
340,000
454,000
523,000
58,000
50,000
52,000
43,000
9,200,000 5,980,0^0 22,934,000 18,075,000
Total.... 198,800,000 $144,010,000 150,531,000 $106,986,000 245,338,000 $147,506,000 90,321,1,000 862,420,000 39,945,000 $24,909,000 724,485,000 $485,831,000
382,000 3,973,000 1,824,000 18,240,000 19,181,000 79,760,000
Hay, tons.
1,800,000 26,100,000 13,500,000 16,875,000 1,675,000 14,572,000
$565,591,000
$43,149,000
$66,393,000
$162,078,000
$170,110,000
$123,861,000
Values...
GRAIN EXHIBIT "L."
Southwest Receipts.
Crop Year
1900
Crop Year
1903
Crop Year
1906
Crop Year
1909
Crop Year
1912
Bushels
Bushels
Bushels
Bushels
Bushels
Wheat.
23,211,240
24,293,990
21,607,370
22,661,830
30,540,370
Corn...
23,748,360
18,743,270
37,385,670
24,398,370
25,979,030
Oats...
11,900,640
17,714,330
28,431,200
20,651,690
21,529,690
Barley.
1,926,750
3,108,000
2,623,000
2,130,090
1,760,250
Rye....
543,460
1,023,310
499,830
289,590
186,270
Total. ..
61,330,450
64,882,900
90,547,070
70,131,570
79,996,610
Percent.
.007
.068
.078
.069
.071
Wheat
24,018,400
39,169,900
36,617,700
43,527,700
43,719,600
Corn,
16,092,800
14,187,600
16,024,800
17,619,400
19,522,500
Oats
8,358,000
4,675,200
8,629,500
5,451,500
6,682,700
33,000
581,000
404,800
394,200
186,200
376,800
247,200
161,700
79,200
147,400
Total...
48,869,000
58,850,900
61,838,500
67,072,000
70,238,400
Percent.
.058
.062
.054
.068
.063
Wheat.
3,587,500
9,981,600
9,544,800
16,868,800
Corn..,
8,834,740
18,493,200
23,475,000
20,536,800
Oats...
3,517,250
13,644,800
9,972,000
12,903,000
Barley.
178,800
38,000
693,000
1,192,000
Rye....
316,000
140,000
195,700
183,700
Total...
16,433,290
42,597,600
43,880,500
51,685,100
Percent.
.019
.038
.044
.048
St. Louis-
Kansas City—
Barley
Rye
Omaha—
a*
High Point Terminal Stocks.
Date
Point
GRAIN EXHIBIT "ML"
Contrasting Minneapolis and Duluth with Southwestern Terminals.
Wheat
Corn
Oats
Rye
Barley
Flax
Total
Bushels
Bushels
Bushels
Bushels
Bushels
Bushels
Bushels
April 2,1913 Minneapolis
21,668,000
64,000
1,308,000
286,000
675,000
425,000
24,426,000
April 2,1913 Duluth
18,156,000
44,000
807,000
158,000
1,537,000
5,400,000
26,102,000
39,814,000
108,000
2,115,000
444,000
2,212,000
5,825,000
50,528,000
Total both markets
Southwest Terminals:
(Statement made by taking highest po int in each market, whe ther same d ate or not)
Aug. 30, '13 Kansas City
8,881,000
118,000
746,000
Sept. 13, '13 Omaha
2,020,000
514,000
2,243,000
20,000
17,000
4,814,000
Jan. 11, '13 St. Louis
3,345,000
150,000
179,000
25,000
3,000
4,702,000
14,246,000
782,000
3,168,000
45,000
20,000
19,261,000
Total three markets
9,745,000
TERMINAL ELEVATOR CAPACITY AND MILLING CAPACITY.
Points
Capacity
Bushels
Elevators
Mills
Daily
Capacity
Barrels
24
77,160
Minneapolis
50
38,550,000 (D< es nc t include mill capacity.)
Duluth and Superior.
24
32,275,000
3
7,000
St. Louis
36
10,020,000
4
7,500
Kansas City
38
11,235,000 (Includes mill capacity)
18
14,600
Omaha
12
2
4,000
6,575,000
COMPARISON
Minneapolis Terminals
38,550,000 bushels.
Southwest Terminals
27,830,000 bushels.
&BAIN EXHIBIT "N."
Elevator and Milling Capacity in Various Cities.
Flour
Mills
Cities
Minneapolis
Daily Barrel
Capacity
No. of
Elevators
Capacity
Bushels
24
77,160
50
38,550,000
Chicago
2
12,000
65
45,360,000
Duluth-Superior
3
7,000
24
32,275,000
Buffalo
7
20,300
22
18,900,000
New York
1
11,000
16
13,005,000
St. Louis
4
7,600
36
10,020,000
Kansas City
8
14,600
38
11,235,000
6
5,550,000
Baltimore
Philadelphia
1,950
5
3,450,000
Milwaukee
3,800
4
1,500,000
Boston
3
2,500,000
New Orleans
6
4,700,000
2
2,750,000
Montreal
4
12,500
5
5,750,000
Detroit
2
1,800
8
3,515,000
Winnipeg
2
8,000
13
* 2,825,000
Cincinnati
3
1,500
5
1,200,000
15
25,700,000
1,400
5
4,000,000
Newport News
t
Fort William and Port Arthur.
Galveston
1
Cleveland
1
1,500
10
1,912,000
8
5,000,000
5
8,000
Peoria. .*.
2
400
3
2,250,000
Omaha
2
4,000
12
6,575,000
Kenora and Keewatin, Ont
2
12,250
4
1,740,000
Toledo
Includes mill elevators.
GRAIN EXHIBIT " 0 . "
SAINT PAUL
Two Elevators, 40,000 bushels capacity.
Hay Receipts, 209,950 tons at $10.00—$2,099,500.00.
Gram Receipts, year ending August 31, 1913—
114 cars inspected.
600 cars forwarded from Minneapolis (estimated).
Traffic of the Northwest Centers in Minneapolis
Railroads, Comprising Nine Systems and Representing 48,591 Miles of Trackage in
Operation, Bring 8,065 Communities Into Connection With
Northwest's Largest City.
Minneapolis, believing that its position as the
traffic center of the Northwest, gives great weight
to its argument for the location of the proposed
federal reserve bank, submits the record of its traffic business for the past six years and invites analysis in support of its contention.
Twenty-one states are traversed by Minneapolis
railroads, representing* 4S,591 miles of rail actually
in operation, and bringing 8,065 cities, towns and
villages into direct connection with Minneapolis. In
the last six years a total of 7,205 miles of rail has
been added to the Minneapolis system, and the mileage added in 1913 was 502. Nine railroad systems
are tributary to this field, comprising 24 lines serving Minneapolis. The mileage in the proposed
Northwest federal reserve district is 35,846.
The following statements are presented as significant of the traffic activities of Minneapolis:
Statement No. 1
This is a monthly comparison of all traffic, expressed in car units, received and forwarded at
Minneapolis during the years 1908 to 1913, inclusive. It includes only traffic destined to or-forwarded from Minneapolis proper.
Inbound Traffic, 1908
Inbound Traffic, 1913
Increase during six-year period
Percentage of increase
Outbound Traffic, 1908
Outbound Traffic, 1913
Increase during six-year period
Percentage of increase
Percentage of increase all cars in
United States, 1911 over 1908
Percentage of increase all tonnage in
United States, 1911 over 1908
281,375 cars
362,740 cars
81,365 cars
29%
269,845 cars
344,654 cars
74,809 cars
28%
Inbound shipments, 1908
f 416,660,066 lbs.
Inbound shipments, 1913
,482,485,923 lbs.
Increase during six-year period. . . 165,825,857 lbs.
Percentage of increase
*
vu'^ 16%
Outbound shipments, 1908
810,893,278 lbs.
Outbound shipments, 1913
1,092,663,991 lbs.
Increase during six-year period. . .* 281,770,713 lbs.
Percentage of increase
35%^J
Percentage of increase in entire
United States in 1911 over 1908
13%
A reliable index of the importance of Minneapolis
as a manufacturing center is the excess shown in
outbound shipments over inbound shipments and
the measure of industrial growth is expressed by
the increase in the excess outbound shipments for
1913 over 1908.
Excess of outbound shipments, 1908.. / 394,233,212 lbs.
Excess of outbound shipments, 1913.. ."610,178,068
lbs.
Increase in excess outbound ship-1?
*%*$
ments
;215,944,856 lbs.
Percentage of increase
55%
The interstate commerce commission's r e p o r t of
r a i l w a y statistics for y e a r ending June 30, 1911,
shows:
Total less-than-carload traffic of all roads2in
the United States, tons
'{36,519,321
Total tons received at Minneapolis during the £j ^
same period
240,802
Total tons forwarded from Minneapolis dur- 'fl
ing the same period
^ f441,489
Total tons received and forwarded
* 632,291
Percentage of total tonnage handled by all I j j ? ^ •
roads in the United States
" 1'.87%
Statement No. 3
This is an analysis of Statement No. 1, showing
distribution of inbound and outbound traffic by
commodities, in 1913:
14%
11 %
The last report of railway statistics published by
the Interstate Commerce Commission is for the year
ending June 30, 1911. It states these facts:
Grain received at Minneapolis, in cars
154,208
Grain forwarded from Minneapolis, in cars
71,673
Grain milled at Minneapolis
82,735
Coal received at Minneapolis (40 tons per car) 32,905
Coal forwarded from Minneapolis (40 tons per 7 r
per car)
^
229
Coal consumed by Minneapolis industries. v .... r 32,676
Total cars received (Statement No. 1)..'
'* 362,740
Cars of raw material used by Minneapolis manu
facturing industries
115,411
Total cars received for local consumption o
distribution
-247,329
Total cars forwarded (Statement No. 1)
;344,654
Excess forwarded over received
^97^325
Percentage of excess
Total loaded car miles on all railroads
in the United States
12,859,386,385
Average haul
254.1 miles
Total number of carloads handled
by all roads in the year ending June
30, 1011
* ....
50,607,581
Cars received at Minneapolis during same period
311,315
Cars forwarded from Minneapolis,
during same period
286,950
Total cars received and forwarded..
598,265
Percentage of total cars handled by
all roads in United States . . . . . .
1 18%
Statement No. 2
This is a monthly comparison of all less-than-carload traffic, expressed in pounds, received and forwarded at Minneapolis during the years 1908 to
1913, inclusive:
15
Statement No. 3—Continued
The Interstate Commerce Commission's
report for the year ending June 30,
1911, shows that the total tonnage of
grain and grain products handled by
all roads in the United States, was... 56,181,741 tons
That the total tonnage of grain and
grain products received and forwarded
at Minneapolis during the year 1911
was
7,846,473 tons
That the percentage of total tonnage of
grain and grain products handled by
all roads in United States was
14 %
That the flour forwarded from Minneapolis in 1908 totaled
14,062,655 bbls.
That the flour forwarded from Minneapolis in 1913 totaled
18,254,260 bbla*
The increase during six year period was
30%
A comparison of the traffic business of Minneapolis and
St. Paul for the year 1913 shows the following facts, as
gathered from the reports of the traffic departments
of the railroads carrying the business:
Loaded freight cars forwarded and received by
Minneapolis proper
763,519
Loaded freight cars forwarded and received by
St. Paul proper
410,848
Minnesota Transfer Figures in Business of Minneapolis
This City Entitled to Credit for Much of Commodity Traffic Passing
Through Minnesota Transfer Now Included
in St. Paul Figures.
Properly to measure traffic activities in Minne*
apolis and St. Paul one must understand conditions
obtaining at Minnesota Transfer. This is a rail*
road trackage within the corporate limits of St.
Paul, but much of the traffic in and out of the
transfer rightly is to be credited to JUinneapolis.
To illustrate, a terminal elevator of 900,000
bushels capacity and two linseed oil mills of a
joint capacity of 192,500 barrels of oil and 60,000
tons of oil cake located at Minnesota Transfer arc
financed through Minneapolis banks; and the elevator and one of the linseed oil companies are operated from offices in Minneapolis.
On the other hand, a large quantity of commodities routed from the east or south to points west of
Minnesota in transit passes through the Transfer
and gets credited in the St. Paul traffic totalIn the St. Paul commerce statement for the year
ending October 31, 1913, all roads in and out of
St. Paul are said to have received 4,934 cars of
grain and seeds and to have forwarded 1,089 cars.
Krst, the item of receipts will stand looking into.
The Minnesota Transfer Company keeps count only
of those receipts of grain and seeds that come di*ect from country points. Cars forwarded from
Minneapolis are not in its report. The company's
records show that for the twelve months ending
October 31, 1913, there were received at Minnesota
Transfer a total of 233 cars. Yet the St. Paul
commerce statement gives 4,934 cars. The capacity
tf the two linseed oil mills at Minnesota Transfer
* about 2,037 cars of flax per year. This leaves
2
$>4 cars of grain and seed to be accounted for.
State Figures Corroborate.
Inspection figures for St. Paul as shown by the
records of the State Railroad and Warehouse ComJjssion for the year ending August 31, 1913, show
1
14 cars (the number would be approximately the
Same f o r
the year ending October 31, 1913), which
*ould leave 2,550 cars unaccounted for.
Minneapolis, St. Paul and Duluth have been
designated by the State Railroad and Warehouse
Commission as being what are known as terminal
points, under the statute governing the inspection
of grain. Under this statute, all grain received at
the terminal markets must be inspected by state
grain inspectors. Then, if there were only 114 cars
inspected by the state grain inspection department,
there were only 114 cars received direct from country points at terminal of St. Paul, and the rest of
this grain received at St. Paul must have been reconsigned from Minneapolis; and the financing of
consigned from Minneapolis; and the financing
not only of the balance of 2,550 cars, but also of the
dustries at Minnesota Transfer, and also of the
233 cars which were received from the country by
industries located at Minnesota Transfer, must
have all been done by industries or business firms
located at Minneapolis.
On Grain and Seed Forwarded.
This statement also shows 1,089 cars of grain forwarded. The record received from the Minnesota
Transfer Company shows that during this same
year there were forwarded from the Minnesota
Transfer a total of 588 cars of grain. These cars
of grain were practically all loaded out and forwarded from two elevators, whose offices are in
Minneapolis, and whose business is all financed
from Minneapolis.
This leaves 501 cars of grain and seed unaccounted for, and this undoubtedly is grain billed from
St. Paul to South St. Paul; that is, down to the
South St. Paul stockyards, and is counted as a
shipment from St. Paul.
The application of Minnesota Transfer conditions
to lumber and farm implement traffic is referred to
the articles on these industries elsewhere in this
brief.
17
Industrial Growth of Minneapolis Significant
City Has Kept Pace With Tremendous Development of the Whole Northwest—Foremost in Field—Five-Year Advance in Permits for Manufacturing Buildings and Their Values.
Industrially the growth of the Minneapolis-St.
Paul district as a great primary manufacturing center has been proportionate to and coincident with
the development of the whole Northwest. The raw
material of the farms, forests and mines have here
been converted into finished products. Demand for
building material, farm implements and machinery
in the territory immediately tributary to this district has been greater than that of any other section
of the country comparable with it.
Prom the Census Bureau reports are taken the
percentages of growth during the ten-year period
covered by the United States census in the number
of establishments, capital, and value of products
which are shown by Table " C . " Table " C " shows
that the Minneapolis-St. Paul district ranks second
among the thirteen metropolitan districts in percentage of increase in number of establishments, fifth in
percentage of increase in capital and fourth in percentage of increase in value of products.
TABLE "A."
Increase in Value
No.
of
Farms
%
%
ImpleInc.
Buildings Inc.
1900-1910 1900- ments 19001910 1900-1910 1910
Table " 0 "
1899-1909
.%
Inc.
19001910
Total
Minnesota. 1
No. Dakota! 334,355 1287,004,021 163.1 $80,518,061 134.1 $367,522,037 155.7
So'. Dakota f
Montana.. j
Per farm..
S241
$858
$1,099
Demand for all other articles of manufacture required by a rapidly growing district, such as furniture, clothing, machine shop and foundry products and food preparations has been on a scale equal
to the demand for building material and farm machinery. Facilities for manufacture being at hand,
this demand resulted in the establishment of a great
manufacturing center. Table " B " following, compiled by the Census Bureau, shows the thirteen leading metropolitan industrial districts, in which the
Minneapolis-St; Paul district ranks twelfth in value
of products.
Table " B "
Manufactures, Population, and Area for Thirteen
Selected Metropolitan Districts, 1910 Census
New York
Chicago
Philadelphia...
Pittsburgh
Boston
St. Louis
Cleveland
Buffalo.. . .
Detroit
Population
Number Total
Area in of Es- Number
Acres tablish- Persons Capital
ments Engaged
6,474,568
2,446,921
1,972,342
1,044,743
1,520,470
616,028
409,037
437,733
405,880
335,905
82S.733 197,993
613,270 303,174
488,601 132,413
500,982 00,554
Cincinnati. . . . £63,804 111,772
Baltimore
658,715 184,660
Mpls.-St. Paul 526,250 94,539
San FranciscoOakland....
686.873 289,381
•Thousand* omitted.
31,782
10,202
9,568
2,309
5,389
Value of
Product*
SSH55 *?•!!«?? *WO,143
393,850 U44,OO3 1,408,780
358,218 863.96P 911,014
163,258 . 642,527 578,815
214,641 444,558 564,055
2,951 126,453 356,356 430,170
2,230 103,709 236,911 281,992
1,964 75,086 230,053 279,852
2,104 101,482 210,402 268,900
2,827
2,668
1,844
95,571
94,954
59,920
212,556
199,735
160,628
200,400
260,213
244,340
2,539
53,177
187,701
199,593
New York
Chicago
Philaaelnhia
Pittsburgh
Boston
St. Louis
Cleveland... . . . . . .
Buffalo
*Detroit..
Cincinnati
Baltimore
Minneapolis-St. Paul...
San Francisco-Oakland..
No. of
Establishments
Capital
Value
of
Products
35.8
27.3
14.1
36.7
7.7
6.3
68.0
19.8
72.6
97.6
64.6
58.8
66.9
106.9
126.1
168.1
83.0
62.5
51.3
37.1
59.4
79.5
98.6
137.9
-7.8
12.0
37.7
24.5
69.3
01.2
100.8
134.7
52.0
45.4
80.6
65.9
-Minus sign denotes decrease.
•Details not shown in census.
The "Twin City" Industrial District
The Minneapolis-St. Paul metropolitan industrial
district, as considered by the United States Cens^
Bureau, embraces 94,539 acres, of which 32,0$
acres represent the area of Minneapolis, 33,39"
acres the area of St. Paul, and 29,080 acres the outside territory. Included in the Minneapolis-St. Fad
district, in addition to the cities of Minneapolis B$
St. Paul, are the villages of Edina, and S t ha&
Park in Hennepin county, and the cities of Souti
St. Paul and West St. Paul in Dakota county. F°r
some reason the Census Bureau has not include*
Hopkins, sometimes known as West Minneapo&
which lies within the limits defining a metropolitan
district, viz., "within ten miles of the city limit*;1
It should have been included in the Minneapolis
18
St. Paul district Hopkins has several important
industries owned and operated by Minneapolis capital, which arc essentially Minneapolis industries.
Table " D " is a summary by the United States
Census Bureau of the statistics of manufacturing
industries in this metropolitan district.
Table " D "
District
Minneapolis
District
Exclusive
St. Paul of Minn<*inoli* and
St. Paul
301,408
Population
71^
Number of ttt&blU
1.1C2
23,530
Penons engaged in tuAnufartrpj
992*
Proprietor! <t 6rm member*:
Salaried employer*
S6.9G2
W*ce camera average N o . . .
3.5C
Primary hortc power
Capital
Expenses
1 M.7&0.76
Services
$11,915,336: I14.99P,7«
Salaries
tlO.S71.H0M *5^77,231 11,014,175'
Wages
1277247*$ $15tG38.114| tl0ft5IfiO5
tZ7,724,7U7i
tRftSI.fitttj
/ Materials
ISIGC.W*l*$119,993,135 S30.2*. :
Miscellaneous
Value of products
»0! $5S,W0,0W
Value added by n
64619123,090,391
m anufacture.,
S 15,411,5«|
10,104
23
2.467
n
**i
Diversity of Minneapolis Industries.
The abstract of the thirteenth census of the
United States for 1910, on page 528, presents a comparative summary for the twenty-five principal industrial cities, which ranks Minneapolis fourteenth
in value of products. St. Paul is not included
among the twenty-five principal cities. Page 446
presents a summary for the fifty principal manufacturing cities. In this summary Minneapolis
ranks again fourteenth, with a value of products
amounting to $165,405,000, and St. Paul ranks fortyfirst, with a value of products amounting to $58 r
990,000.
-SS7
1.967
3,763
7P4ra3
f,f£,
Sl.GSI.393
56O
S1.154.9SS
$^50^7
For a number of years Minneapolis industries
consisted largely of the manufacture of flour and
lumber. "While the former has shown a steady
growth, the latter has materially decreased, due to
the dwindling forests. While the manufacture of H.4IUU
flour is still the most important industry, the diverI
Table " E " shows the percentage for Minneapolis sity of Minneapolis industries in the past ten years
and St. Paul as compared with the total metropoli- has been most marked. Table " G " shows the pertan district. The preponderating excess of Minne- centage of increase in the capital invested in fifapolis over St. Paul in the important items of pop- teen important industries of Minneapolis covered
ulation, number of establishments, wage earners, by the period from 1899 to 1909, as shown by the
last federal census.
horse power, and value of products is significant.
Table " E "
Table "G"
Population
Number of establishments
raBOns engaged in manufactures...
Proprietors and firm members..
Salaried employees
Wage
earners (average number)
L
—
67.3
59.8
66.6
60.6
59.6
55.9
~' '
40.8
39.0
39.3
38.8
35.5
40.1
22.0
37.6
23.4
38.9
37.2
39.5
18.2
37.2
24.1
37.0
Fifteen Important Industries of Minneapolis—
Percentage of Increase in Capital Invested for
Ten-year Period Covered by Last United
States Census
Copper, tin and sheet metal products
402%
Patent medicines and compounds
396%
;:;::
Electrical
machinery
apparatus
and
supplies
383%
Expenses.......!!!!!!!"!!
Food products:
Services
...!!!!!!
Salaries
!!!!!
bakery products, bread, butter, cheese, conMaterials...! ] ! [ ]',[[ ] * [
densed milk, confectionery
-.. 367%
Miscellaneous.....
Building
material
industry:
value of products
marble, brick, tile, stone and artificial
value added by manufacture
stone
- 289%
Table " F " exhibits in percentage the relation of Clothing, fur goods, hats and caps, e t c . . . . . . 229%
Minneapolis to St. Paul in the manufacturing sta- Foundry and machine shop products
200%
tistics presented in the foregoing Table " D . "
Carriages, wagons and materials
153%
Leather goods
172%
Table " F "
Percent
Printing, publishing and engraving
89%
Minneapolis
Cars and general shop construction, repairs
exceeds
by steam railroad companies
77%
76%
p~*** o f establishments.*-!!!!!!!!!!!!!!!!"
53^2 Cooperage and wooden goods
70%
Prim°«nS e ^« a 8 e d i n manufacture
44.2 Furniture and refrigerators
40 5
&h0rsep0Wer
•••••••
Flour
and
grist
mill
products
39%
»iaPital
40 5 Lumber and timber products.
8%
*alue of p r o d u c t s . . . . ] [ [ [ ' . ] [ ] [ [ [ ] * [[[[[[['.V.
wue added by m a n u f a c t u r e . . . . . . i
v
180*.4
58.3
19
The value of the building permits for some of the
more important mill and factory buildings erected
in Minneapolis since 1909 are classified as. shown in
Table " I . "
Minneapolis Compared with St. Paul
the relative growth of Minneapolis and St.
Paul since the United States census of 1909 has
been maintained is shown by Table " H , " which
gives the number of building permits and their values for mills, factories, manufacturing buildings and
foundries erected in Minneapolis and St. Paul for
each year from 1909 to 1913. These statistics were
compiled from the official figures in the building
inspector's office in each city.
Table " H M
Minneapolis
1910
1911
1912
1913
Total
St. Paul
No.
Cost
No.
79
55
62
47
$1,188,430
1,273,025
702,730
1,304,215
52
35
24
24
8495,820
317,800
224,650
938,300
$4,468,400 135
$1,976,570
233
Cost
Total, four years, Minneapolis and St. Paul, $6,444,975.
Minneapolis proportion
v
69.32%
St. Paul proportion
30.68%
Table " I "
Brewing
Railroad shops
Milling and malting
Furniture
Sheet metal
Candy and crackers
Knit goods
Linseed oil
Wagons
Wheelbarrows
Foundry and machine shop
Show cases and store
fixtures
Paper mill
Creamery
Sash and doors
Light and power plants
Gasoline cars
Electrical machinery and apparatus
Automobiles
20
Total
$114,500
679,000
288,600
74,000
22,000
297,000
250,000
50,000
55,000
40,000
174,000
19,000
15,000
80,000
59,500
615,000
200,000
165,000
400,000
$3,597,600
ADD "INDUSTRIAL"
TABLE "J."
1910 Census
To exhibit the comparative importance industrially of Minneapolis and St. Paul among cities in
their class, the following table has been compiled
from the thirteenth United States census. The nineteen cities selected, ranging in population from
150,000 to 400,000 are fairly indicative of the class
in which Minneapolis and St. Paul belong, five hav-
CITIES
>pulation
ing a greater population than Minneapolis and five
a less population than St. Paul. In value of product, the basis used by the census bureau in ranking
cities industrially, Minneapolis ranks third among
these cities and St. Paul twelfth. In value of product per capita Minneapolis ranks second and St.
Paul tenth.
Number of
Establishments
Wage
Earners
Capital
*
Value of
Product
Value of
Product
Per Capita
$535
363,591
2,184
60,192
$150,254
$194,516,000
347,469
1,858
59,955
154,233
202,512,000
583
339,075
848
17,186
56,934
78,794,000
232
Washington
331,069
518
7,707
30,553
25,289,000
76
Los Angeles
319,198
1,325
17,327
59,518
68,586,000
215
MINNEAPOLIS
301,40S
1,102
26,932
90,382
165,405,000
549
Jersey City
267,779
745
25,454
79,794
128,775,000
481
Kansas City
248,381
902
12,294
42,729
54,704,000
220
Seattle
237,194
751
11,331
46,472
50,569,000
213
Indianapolis
233,650
855
31,815
76,497
126,522,000
541
118,512
Cincinnati!
Newark
New Orleans
'.
Providence
224,326
1,080
46,381
120,241,000
536
Louisville
223,928
903
27,023
79,437
101,284,000
452
Rochester
218,149
1,203
39,108
95,708
112,676,000
517
ST. PAUL
214,744
719
19,339
60,467
58,990,000
275
Denver
213,381
766
12,058
47,534
51,538,000
242
Portland.
207,214
649
,12,214
37,996
46,861,000
226
Columbus
181,511
586
16,428
48,747
49,032,000
270
Toledo
168,497
760
18,878
58,319
61,230,000
363
Atlanta
154,839
483
12,302
30,878
33,038,000
213
1,820
46,271
150,849
224,395,000
435
TWIN CITIES..
516,152
•000 omitted.
21
TABLE "K."
The building operations during the period from
1909 to 1913, in the nineteen cities referred to in
the foregoing table are shown by Table " L . " In
building operations for the past five years Miime*
apolis ranks second and S t Paul sixth,
VALUE OF BUILDING OPERATIONS
CITIES
Population
1913
1911
1912
1910
1909
Total
Newark
363,591 $8,348,432 $8,962,214 $13,481,320 $8,022,915] $7v794,529J$46,609,410]
*
10,975,334 13,394,812
347,469]
New Orleans
339,075
4,087,261
Washington
331,069
8,396,701 21,768,483
Cincinnati
Per Capita
$128
5,165,176] 20,353,865
60
Los Angeles
319,198 31,641,921 31,367,995] 23,002,885 21,684,100
MINNEAPOLIS.
301,403 12,857,9351 14,229,475 13,735,285 14,363,830 13,092,410 08,278,935
226
Jersey City
267,779
Kansas City
248,331 10,578,162 12,396,338 13,313,031 13,783,196| 13,368,738 63,444,465
Seattle
237,194
9,321,115
8,415,325
7,491,076 17,166,368 19,044,218 61,438,465
259
Indianapolis
233,650
9,361,973
9,150,40'
8,349,327
8,197,311
7,156,560 42,215,578
180
Providence
224,326
Louisville
223,928
4,054,180
6,552,770
6,207,972
3,690,442
3,172,311 23,677,676
106
Rochester
218,149
9,642,124] 12,035,466
9,389,775 10,082,528.
9,272,132 50,422,025
231
ST. PAUL
214,744
9,441,221
8,151,417
8,915,008 10,052,892 12,089,451 48,649,989
226
Denver
213,381
2,797,148
5,332,67;
6,084,260 11,319,935 11,554,983 37,089,001
174
14,652,071 19,144,940 20,679,072 13,470,280] 80,904,178
390
3,496,326] 3,129,143
Portland
207,214' 12,956,91
Columbus
181,511
5,508,400
Toledo
168,497
5,986,079) 5,321,790
Atlanta
154,839
5,112,944
4,675,303
3,722,536
22
255
3,598,601 23,512,377
130
4,162,934| 3,044,408] 22,237,747
132
4,668,245] 5,061,828
9,987,4441 6,192,461
* Figures not available.
4,475,959
7,405,939
Postoffice receipts for 1912 of nineteen cities ranging in population from 150,000 to 400,000 are
shown in Table " M . " Minneapolis ranks fourth in per capita postoffice receipts for 1912.
TABLE " L . "
Postoffice Receipts, 1912
Cincinnati
Newark
New Orleans
Washington
Los Angeles
Minneapolis
Jersey City
Kansas City
Seattle
Indianapolis
•.
$2,621,186.90
1,243,487.72
1,132,408.19
1,739,664.73
1,906,418.91
2,150,195.00
599,416.34
2,496,411.24
1,049,503.72
1,386,108.39
Per Capita
$6.76
3.36
3.22
507
4 93
2*j2
9'38
3^8
5.61
,
889,707.84
1,124,362.85
1,170,475.56
1,278,597.77
1,258,253.92
1,108,474.46
947,126.87
819,255.20
1,260,195.29
Providence
Louisville
Rochester
s t . Paul
Denver
Portland
Columbus
Toledo
Atlanta
Per Capita
3.78
4.90
5.07
5.91
5.46
4.72
4.88
4.63.
7.45
Table " N " following, shows the postofBce receipts of Minneapolis and St. Paul from, the year
1850 to 1913.
TABLE " M /
1850.
I860.
1870.
1880.
1890.
1900.
1901.
1902
1903
1904
Minneapolis
$2,122.56
20,940.83
81,993.43
346,834.53
695,988.31
811,381.69
961,003.65
1,070,900.00
1,189,572.00
St. Paul
$429.07
5,254.47
23,437.66
102,450.22
317,666.97
521,366.56
541,198.76
626,445.40
703,830.16
733,830.16
1905
1906
1907
1908
1909
1910
1911. •
1912
1913
23
Minneapolis
1,306,676.00
1,452,440.00
1,547,154.00
1,576,082.00
1,739,611.00
1,968,715.00
2,000,490.00
2,150,195.00
2,395,281.08
StPaul
757,416.23
823,663.25
1,002,474.39
1,026,961.13
1,093,396.90
1,186,140.14
1,206,334.19
1,278,597.77
1,479,751.19
TABLE
Minneapolis in 1880 ranked fourteenth in populaTable "0" following, exhibits the growth in population of all the cities shown by the 1910 census tion among these cities and in 1910 ranked sixth.
which have a population between 150,000 and 400,- St. Paul in 1880 ranked fifteenth and in 1910
000, also the population of the same cities in 1900, ranked fourteenth.
1890 and 1880.
^____
CITIES
Population
Population
Increase
1900
Increase
1910
Voof
Population Increase
%of
Population
1SSO-1910
18S0
Increase
1890
255,139
42.5
33.2
136,508
154.5
56.7
Cincinnati
363,591
11.6
325,902
9.8
296,908
16.4
Newark, N. J
347,469
41.2
246,070
35.3
181,830
New Orleans, La...
339,075
81.8
287,104
18.6
242,039
12.0
216,090
Washington, D. C.
331,069
18.8
278,718
28.0
230,392
29.7
177,624
S6.4
Los Angeles........
319,198
211.5
102,479
103.4
50,395
350.6
11,183
2,758.8
MINNEAPOLIS..
301,408
48.7
202,718
23.1
164,738
251.4
46,887
542.S
Jersey City
267,779
29.7
206,433
26.6
163,003
35.0
120,722
121.8
Knasas City
248,381
51.7
163,752
23.4
132,716
137.9
55,785
345.2
Seattle
237,194
194.0
80,671
88.3
42,837
1,112.5
3,533
6,613.7
.
211.3
Indianapolis
233,650
38.1
169,164
60.4
105,436
40.5
75,056
Providence
244,326
27.8
175,597
32.9
' 132,146
26.0
104,857
113.9
Louisville
223,928
9.4
204,731
27.1
161,129
30.2
123,758
80.9
Rochester
218,149
34.2
162,608
21.4
133,890
49.8
89,366
144.1
ST. PAUL
214,744
31.7
163,065
22.5
133,156
221.1
41,473
417.8
Denver
213,381
59.4
133,859
25.4
106,713
199.5
35,629
498.9
Portland
207,214
129.2
90,426
94.9
46,385
163.9
17,577
1,078.9
Columbus
181,511
44.6
125,560
42.4
88,150
70.7
51,647
251.4
Toledo
168,497-
27.8
131,822
61^9
81,434
62.4
50,137
236.1
Atlanta
154,839
72.3
89,872
37.1
63,533
75.2
37,409
313.8
TWIN CITIES..
516,152
41.1
365,783
22.8
297.894
237.1
88.360
484.1
In 1880 Minneapolis, with a population of 46,887,
ranked thirty-seventh, and St. Paul, with a population of 41,473, ranked forty-fourth among all the
cities in the United States. The census of 1910
shows Minneapolis as ranking eighteenth, with
a population of 301,408, and St. Paul, with a pop*
lation of 214,744, ranked twenty-sixth among all
cities.
Table " P , " compiled from the official records in
Hennepin and Ramsey counties, indicates the relative importance of Minneapolis and St. Paul as a
center for conducting industrial and commercial
operations. This table exhibits the number of ne*
incorporations and capital stock formed during ft*
past three years, which have their principal place of
business in each city.
TABLE "O."
Minneapolis—
1911
1912
1913
Total
No. of New
Incorporations
Capital Stock
476
478
424
$60,804,200
74,325,600
64,314,000
1,378
$189,443,800
St. Paul—
1911
1912
1913.....
Total
24
No. of New
Incorporations Capital Stoci
156
138
107
$13,323,000
18,492,000
15,716,550
401
$47,531,550
Minneapolis is the Jobbing Center of the Northwest
Traffic Records Prove Minnesota Metropolis Easily Leads in Wholesale
Merchandising—Forwarded and Received Total of 225,
Cars in 1913 to St. Paul's 156,197.
Minneapolis, always pre-eminent in manufacturing, is also the greatest jobbing center in the Northwest. As the wholesale business is the chief activity of St. Paul, mauy have assumed that this business exceeded in volume that of Minneapolis, but
the contrary is the case.
In R. G. Dun & Co. 's reference book for January,
1914, there are, eliminating manufacturers' agents,
brokers and real estate dealers, 6,025 names for
Minneapolis and 3,918 for St. Paul. For purposes
of comparison, let these names be divided into four
classes—manufacturers, jobbers, retailers and miscellaneous. Under the head of manufacturers group
all names that actually produce merchandise, from
cigars to threshing machines. Under jobbers, group
all that sell to others than actual consumers. Under
retailers group all that sell to actual consumers.
Then the fourth class will comprise all names in
such lines as hotels, contractors of all kinds, warehouses, billiard rooms, etc.
Showing of Classification
This classification will show that there are 1,004
manufacturers in Minneapolis and 396 in St. Paul;
1,129 jobbers in Minneapolis and 402 in St. Paulj
3,389 in the retail business in Minneapolis, and 2,79S
in St. Paul and, under the head of miscelalneous,
503 in Minneapolis and 322 in St. Paul
v
If a line be drawn from the Sault Ste. Marie canal
to Los Angeles, all the towns north of that line will
25
be found to be nearer ^linneapolis and St. Paul than
Chicago. This would indicate the territory that is
tributary to Minneapolis and St. Paul and should
be one of the considerations in determining where
the reserve banks should be located.
In all the territory included in this immense tract,
jobbers of Minneapolis and St. Paul are doing business. As this country is developing rapidly, the
jobbing business will keep pace. These facts point
the natural place for the location of a reserve bank
to best serve this territory.
What Railroad Figures Show
Considering the large amount of agricultural implement business and the business of lumber and
lumber products for which Minneapolis has always
been noted, it will be conceded that carload shipments by wholesalers from Minneapolis are very
much larger than from St. Paul.
The number of cars of merchandise only forwarded from Minneapolis in 1913 was 160,000. The
toal number forwarded and received in the year was
225,021. The number of cars of merchandise only
forwarded from St. Paul last year was 85,000, while
the total mimber of cars forwarded and received
was 156,197. These figures prove conclusively the
supremacy of Minneapolis over St. Paul in the jobbing field. The figures are taken from reports furnished by the traffic departments of the various
railroads concerned.
Lumber Industry Centralized in Minneapolis Market
Producing Annually 1,500,000,000 Feet of Pine, Fir and Larch—25 Mills Doing AH
Their Banking in Minneapolis—Pacific Coast and Spokane Mills Financed.
Minneapolis Has 54 Line Yard Firms, Operating 1,294 Yards*
Lumber manufacture was one of the first indus- kota and Montana are members of the Retail Lumtries of Minneapolis and, the city's prestige has ber Dealers' Association, the headquarters of which
steadily grown and is greater now than ever. In- are in Minneapolis. St. Paul has none. The insurstead of half a dozen mills in Minneapolis, cutting ance feature that is so important is handled entirely
logs and producing large quantities of lumber an- from Minneapolis, and Minneapolis is headquarters
nually, the character of the Minneapolis market has of the mutual company in which retail yards insure.
The St. Paul traffic statement shows receipts of
dhanged. There are today several hundred firms
located in Minneapolis and engaged in the various 18,768 cars of lumber, with shipments of 9,354 cars.
branches of the lumber trade. The city not only The last wholesale lumber firm moved from St.
figures predominantly in the Northwest lumber dis- Paul to Minneapolis about three years ago. The
tributing trade, but it is the center to which the in- St. Paul lumber statement is made up from business
dustry as it spreads throughout the Northwest originating outside.
looks for its financing.
The standing of the two cities in this relation is
shown in this comparison:
Minneapolis
Concerns that do their banking in Minneapolis
25
Large manufacturers in the United States
maintaining sales offices in Minneapolis..
All
Line yard companies with Minneapolis headquarters
54
Number of retail yards owned and financed. 1,294
Post, pole and cedar companies
financed
8
Material for the woodworking industries that are
located here comes from a wide territory. Oak and
yellow pine come from the south; spruce and pine
from the west, birch from "Wisconsin, pine from
Minnesota, mahogany, Circassian walnut and other
important woods from all parts of the world. The
sash and door and interior finishing industry of
Minneapolis makes an important part of the city's
manufacturing exhibit, elsewhere set forth in detail.
In considering the lumber trade, the employment
of labor in the industry or its allied lines and the
intimate manner in which, through the retail trade,
the business touches the agricultural communities
the contrast with St. Paul is striking.
Ninety per cent of the retail lumber dealers of
Wisconsin, Iowa, Minnesota, North and South Da-
St. Paul
Concerns that do their banking in St. Paul..
1
Large manufacturers in United States maintaining sales offices in St. Paul
None
Line yard companies with St. Paul head. quarters
3
Number of retail yards owned and financed. 50
Post, pole and cedar companies financed... • None
A great deal of the lumber is cut at points in
Northwestern Montana, Idaho and Washington, and
in being brought in over the Northern Pacific Bailway and Great Northern Railway, is billed through
to points east of Minneapolis and St. Paul, and
naturally would be billed via the Minnesota Trans*
fer for switching to the eastern line. For instance,
a car of lumber billed from Eureka, Mont., on 'the
Great Northern Railway, to Aurora, 111., would be
billed in care of the Chicago, Burlington & Quincy
Railway at Minnesota Transfer. St. Paul's traffic
statement counts as receipts the lumber received on
through billing at Minnesota Transfer. To this St
Paul is not entitled, as practically all this business
i? done by lumber companies whose oflices are &
Minneapolis.
26
Implement Trade of Minneapolis is $40,000,000
Factories, 27; Wholesalers, 40; Factory Agencies, 14. Annual Shipments of Farm Implements, Machinery, Wagons, Vehicles and Binding Twine, 298,360 Tons,
or 24,861 Carloads.
Minneapolis is predominant in the business of
supplying the Northwest with its needs in agricultural implements and machinery, and this tonnage,
together with wagons, vehicles and binding twine
sold by Minneapolis wholesalers and manufacturers, on the basis of twelve-ton carlots, which is
considered by traffic authorities a fair average for
weight, made a total in 1913, of 298,360 tons, pr 24,.
S61 carloads.
The annual sales of the Minneapolis firms engaged
in the business amounts to $40,000,000. This is a
conservative statement, and if anything is an underestimate.
Minneapolis is so generally recognized as the essential point from which the Northwest trade field
must be carried on that there are 81 firms in the
business here. All the country that lies north and
west and a considerable portion in an area all the
Northwest is covered by the trade. The business
enters into the industrial activities of the city
through the 27 factories that are located here.
These are the plants:
American Grain Separator Minneapolis Threshing MaCo.
chine Co.
Bull Tractor Co.
Minnesota Rubber Co.
Cleland Manufacturing Co. Monitor Drill Co.
Diamond Iron Works.
Xey Manufacturing Co.
Dodson Fisher, Brockmann Nott W. S., Co.
Owens, J. L.f Co.
Co.
Glide Road Machinery Co, Puffer-Hubbard ManufactHowell,R.R., &co.
uring Co.
imperial Machinery Co.
Russell Grader ManufactKeller Manufacturing Co.
uring Co.
Kinnard-Haines Co.
Strite Governer Pulley Co.
Unhart Wagon Co.
Town si ey Manufacturing
Loye Saddlery Co.
Co., M.
Martin Manufacturing Co. Twin City Separator Co.
Minneapolis Separator Co. Emerson-Brantlngbam Co.,
Minneapolis Steel & MaBig Pour Tractor.
chinery Co.
Case Plow Works J. I.
Challenge Co.
Clark & Son, Geo. A.
Crane Co.
Dean Co., A. J.
Deere & Webber Co.
Dov/nes Co., P. J.
Emerson-Brantingham Implement Co.
Fairbanks, Morse & Co.
Hart-Parr Co.
Herschel-Roth Manufacturing Co.
Huber Manufacturing Co.
Huber Bros. Manufacturing
Co.
Hudson & Thurber Co.
International Harvester Co.
of America.
La Crosse Implement Co.
Lindsay Bros.
Minneapolis Iron Store*Co.
Minnesota Moline Plow Co. ,
Nichols & Shepard Co.
Northern Rock Island Plow
Co.
Northwestern Wind Engine
Co.
Parlin & Orendorff Plow
Co. of Minneapolis.
Planter Rubber Co.
Port Huron Machinery Co.
Power Equipment Co.
Rosenthal Corn Husker Co.
Rumely Co., M.
Studsbaker Bros. Co. of
Minnesota,
Waterbury Implement &
Storage Co.
Williams Hardware Co.
Wood Bros. Thresher Co.
Wagner-Langemo Co.
The third division of the business is made up of
factories located elsewhere that maintain selling offices and carry transfer stocks here. They are :
Clapperton, J. H.
Dodgo Manufacturing Co.
Fuller & Johnson Manufacturing Co.
Hayes Pump & Planter Co.
Hooven & Allison Co.
Iowa Dairy Supply Co.
Janesville Manufacturing Co.
Madison Plow Co.
Manson-Campbell Co. xU
Maytag Co., The.
Sharpies Separator Co.
Stoughton Wagon Co.
Thomas Manufacturing Co.
Wisconsin Carriage Co.
There are no comparisons to be made with St.
Paul in this connection. No business of this nature
in volume sufficient to warrant any consideration is
done in St. Paul. Minneapolis is the farm machinery and implement center. .
There is a feature about the business that is like
that in the lumber trade, in that there is a quantity
of agricultural machinery and implement ship*
There are 40 wholesalers located in Minneapolis. ments that annually goes forward from factories
•Uese are distributing houses for machinery and located eastward or southward, to points in North
implements manufactured in the Mississippi Valley Dakota, South Dakota, Montana or the farther west,
^
factories and elsewhere. Through these
firms^Min- that in transit passes through the Minnesota Transweapons is brought into toudTwith the ^ c u l t u r a l f er> located between Minneapolis and St. Paul, but
country in intimate degree. These are the firms within the corporate limits of St. Paul, that aplocated in Minneapolis that are 'engaged in the P &ar s in the figures that show the annual traffic
of that city.
wholesale trade:
^
Harvesting Machine Avery Co.
Practically all the agricultural implement busiCo.
Bratrud Co. The.
ness of the entire Northwest is financed from MinAppleton Manufacturing Co. Butler Manufacturing Co.
neapolis, except in the case where shipments are
Aultman & Taylor Machin- Case Threshing Machine
ery Co.
made from eastern factories direct.
Co., J. I.
27
Minneapolis' Fruit and Produce Trade is Extensive
Trade Volume in the City Itself Passed §35,000,000 in 1913—Total in Field Served
from Ontario to Montana Runs Into Huge Figures—
Branch Houses in 28 Places.
In the territory from eastern Ontario to Montana
and south to northern Iowa and Nebraska, Minneapolis wholesale fruit and produce firms have established and are maintaining thirty-three branch
or associate houses in twenty-eight cities, doing a
volume of business that mounts annually to many
millions. This business is financed almost entirely
through Minneapolis and it recognizes Minneapolis
as its center of operation. It reaches out beyond the
district commonly known as the Northwest and ineludes portions of northern Michigan and southern
Ontario in its scope.
These branch or associate houses are located in
the following cities, a figure after a name indicating the number of houses in that city, when more
than one:
Aberdeen, S. D.
Albert Lea, Minn.
Brainerd, Minn.
Bismarck, N. D.
Bemidji, Minn*
Duluth, Minn. (3)
Des Moines, Iowa.
Fort William, Ontario.
Fergus Falls, Minn.
Fort Dodge, Iowa.
Lincoln, Neb.
Minot, N. D.
Mason City, Iowa.
Moberly, Mo.
Mankato, Minn. (2)
Marshalltown, Iowa*
Miles City, Mont.
Oelwein, Iowa.
Port Arthur, Ont.
Pipestone, Minn,
Bochester, Minn.
St. Paul, Minn. (3)
Sault Ste. Marie, Ont.
Superior, Wis.
Sault Ste. Marie, Mich*
St. Cloud, Minn*
Virginia, Minn.
Watertown, S* D.
Volume of Business in Minneapolis
In Minneapolis itself the volume of business in
the wholesale produce and fruit line in 1913 is estimated to have passed $35,000,000. Figures obtained from records of forty-eight houses gave a
total of $31,224,060.19 for the year's business. To
this it is fair to add $5,000,000 as an estimate from
houses from which figures could not be obtained
in time for this computation. This estimated total
of $36,224,090.19 does not cover the poultry, butter,
egg and cheese business done by the meat packers;
it does not cover carlot shipments of the Minneapolis Gardeners' Association which were in excess
of 4,000 cars last year.
Minneapolis has a regular storage capacity for
fruit and produce of 1,281 cars. This is to be increased this spring by 500 cars by construction
now under way. It carried last year in storage 'a
total of 3,021 cars.» The 1913 distribution was as
follows:
Butter, 30,311 packages or 2,234,217 pounds, having a cost value of $558,554.25.
Eggs, 136,581 cases, of a cost value of $779,511.70.
Poultry, 313,213 pounds, of a cost value of $46,981.95.
Cheese, 29,754 packages or 1,811,685 pounds, of a
cost value of $36,232.70.
Apples, 61,257 barrels, 87,696 boxes.
Meats, 456,102 pounds.
Potato Business from 126 Stations
Regular carlot dealers in potatoes shipped out
15,288 cars last year, totaling 7,308,400 bushels, and
in excess of 300 cars of onions and cabbages. In
the following 126 places, buying stations and warehouses are maintained by one or more dealers, with
banking accounts in local banks of a $200 xninimuto.
Many of the more prominent stations are covered
by three to five houses.
Chisago City, Minn.
Anoka, Minn.
Clarissa, Minn.
Albertville, Minn.
Custer, Wis.
Amherst, Wis.
Coifax, Wis.
Aldrich, Minn.
Crivitz, Wis.
Amberg, Wis.
Clayton, Wis.
Athelstine, Minn.
Canton, Wis.
Askov, Minn.
Cedar, Minn.
Bethel, Minn.
Detroit, Minn.
Braham, Minn.
Dale, Wis.
Barnesville, ^Cnn.
Dancy, Wis.
Becker, Minn.
Dayton, Minn.
Brickton, Minn.
Deer Creek, Minn.
Browerville, Minn.
Elk River, Minn.
Brainerd, Minn.
Eagle Bend, Minn.
Bloomer, Wis.
Elk Mound, Wis.
Boyceville, Wis.
Ellis Junction, Wis.
Big Lake, Minn.
Enfield, Minn.
Barnham, Minn.
Earl, Wis.
Cambridge, Minn.
Forest Lake, Minn.
Clear Lake, Minn.
28
Foreston, Ltinn.
Foley, Minn.
Felton, Minn.
Forada, Minn.
Frederic, Wis.
Granby, Minn.
Glyndon, Minn.
Grantsburg, Wis.
Glenwood City, Minn.
Grasston, Minn.
Harris, Minn.
Henrietta, Minn.
Hawley, Minn.
Hammel, N. D.
Hugo, Minn.
Isanti, Minn.
Junction City, Wis.
Little Falls, Minn.
Lyle, Minn.
Luck, Wis.
Pelican Rapids, Minn.
Pequot, Minn.
Pound, Wis.
Long Prairie, Minn.
Long Siding, Minn.
Lindstrom, Minn.
Lake Elmo, Minn.
Lovells, Minn.
Marinette, Wis.
Monong, Wis.
Markville, Minn.
Miinor, N. D.
Milaca, Minn.
North Branch, Minn.
Nielsville, Minn.
New Auburn, Wis.
New Brighton, Minn.
Ossco, Minn.
Ogilvie, Minn.
Princeton, Minn.
Park Rapids, AKna.
Pine River, Minn.
Poskin Lake, Wis.
Pillager, Minn.
Perham, Minn.
Rush City, Minn.
Rock Creek, Minn.
Rogers, Minn.
Rosemount, Minn.
Rices, Minn.
Royalton, Minn.
Rice Lake, Wis.
Saxik Centre, Minn.
Shafer, Minn.
St. Cloud, Minn.
Sebeka, Minn.
Staples, Minn.
Stevens Point, Wis.
Shell Lake, Wis.
Scandia, Minn.
29
St. Charles, Minn.
Stillwater, Minn.
Sauk Rapids, Minn.
Stacy, Minn.
Trego, Wis.
Turtle Lake, Wis.
Ulen, Minn.
Verndale, Minn.
AVyoming, Minn.
Wolverton, Minn.
Withrow, Minn.
Wadena, Minn.
Willow River, Minn.
Webster, Wis.
Wausaukee, Wis.
Weyerhauser, Wis.
Wheeler, Wis.
Wilson, Minn.
Wonewoc, Wis.
Zimmerman, Minn.
Improvements Keep Pace With Growth in Population
Expenditures in 1913 for Permanent City V/crk Were $3,500,000—Net Bonded Indebtedness is Only 6.8 Per Cent of 10 Per Cent limit of Assessment
Valuation Prescribed By Law—Comparison With S t Paul.
Sewers, total number of miles at
close of:
To keep pace with the growth of Minneapolis in
population, industrially and commercially large expenditures have been necessary in the past few
years to provide for permanent city improvements,
such as bridges, pavement, sewer, water, sidewalks,
etc. The expenditure up to 1913 has been $48,000,000 on corporate property, and during the year
1913 practically $3,500,000 was spent on permanent
improvements. The following table shows corporate property and value in 1900 and 1912:
Corporate Property (Cost)
1900
1912
School sites and buildings $2,940,100 $6,584,400
Parks and parkways
4,587,300
6,895,900
Public library
351,600
491,800
2,159,200
Bridges
1,447,500
Water works
4,370,800
8,359,400
Sewer system .. t
4,491,600
8,362,600
Curb and gutters
721,900
1,405,800
Paving
1,761,800
5,756,000
All other
2,574,400
7,977,500
1010
1911
1912
1910
1911
1912
1910.;
1911
1912
$114,184,375
125,281,180
126,286,238
48
49
46
$197,036,479
198,910,208
213,398,439
70
80
88
292
305
318
276
342
350
364
430
533
549
564
755
759
143
144
146
145
162
178
1,816
1,723
1,735
2,418
Sidewalks,
total
number of miles
at close of:
1910
1911
1912
Miles of street car
railway tracks:
3910
1911
1912
Notwithstanding such heavy expenditures, the net
bonded indebtedness of the city amounts to only
6.8 per cent of the 10 per cent limit of assessed valuation allowed hy law. With $4,000,000 in the sinking fund and the accretions thereto from the annual
levy of one mill for this fund, all bonds will be provided for at maturity.
1910
1911
1912
Paving,* total number of miles at
close of:
Minneapolis
Water mains, total
number of miles
at close of:
$23,247,000 $47,992,600
Three Years' Improvements Compared
Actual work on permanent improvements during
the years 1910, 1911 and 1912 in Minneapolis compared with St. Paul is exhibited in the following
table:
Assessed valuation:
St. Paul
Minneapolis
St. Paul
Number of sewer
connections made
each year:
1910
1911
1912
Number of water
connections made
each year:
1910
1911
1912
Number of street
lights maintained during 1912:
Electric arc lamps
Ornamental cluster posts
Gas lamps
Gasoline
Total
30
1,832
1,657
1,573
1,150
321
4,604
1,287
7,362
3,613
Chart I
mSTRIIUTION OF MS9 ACCOUNTS CARRIED
BY 0UT8IDB HANKS IN MINNEAPOLIS
BANKS
• • • • .
-
.
•^f^;:>.--*
1 ; ••> v ^ l | :
;
CHART I.
Geographical Representation of Inter-Banking Relations of Minneapolis and Outside Points.
Chart I shows by a map-distribution of dots, the geographical location of 3.329 Northwestern banks carrying reserve and exchange ^ ^ " ^ ^ ^ h ^ ^ ^ y ^ ^
The location of these a^ociated banks clearly indica?e> the ipherc of financial influence of Minneapolis; namely, Minnesota, North Dakota, South Dakota, Montana,
T ^ K S s °off M l n ^ i J T a n k r a s ^ f / a n u a r y 15th. 1914. showed 1.4,6 balances carried on account of Minnesota correspondents 925 balances « - £ " - £ *
343 South Dakota accounts. 161 Montana accounts. 214 Wisconsin accounts. 118 Iowa accounts, 32 Washington accounts and 120 accounts in other states.
North
Dak
°ta
Chart II
fitjt] [JS2ZJISS2U USllJ IHSEJ
i
Illflfillflfl
Development of Banking Power of Minneapolis and St. Paul as Indicated by Growth of Capital and S«rplus of National Banks, 1872-1913.
Chart II. Represents the development of banking power as indicated by the combined capital and surplus
Attention
is especially directed to the volume and rapidity of surplus accumulations during recent years,
i 2 i b M e rate is apparent. The increase for eleven years is over !S per cent
CAP/TAI Anp SURPLUS Cavort**
1904- 1905 1906 1907 1908 1909 1910 1911 I9IZ 19/3
2
Banking Power of Minneapolis and St. Paul Contrasted. Growth of Capital and Surplus, 1904 to 1913.
Chart III represents the surpassing growth of Minneapolis over St. Paul in Banking Power as indicated by the
accumulation of Bank Capital and Surplus.
^ ^ . ^
Since 1904, all banks of St. Paul have increased their capital and surplus from about $6,000,000 to $9,655,000, or
60 per cent
Minneapolis banks entered the period with eight and a half millions of primary funds, which has since grown to
$16,800,000—an increase for ten years of about 100 per cent.
This amount represents a net banking power 70 per cent greater than that of St. Paul, and a rate of growth for the
decade 67 per cent greater than that of St. Paul.
Chart IV
t
OOO
0
J3Z,O7O.O73
/Bo
GROWTH &F
Cons>OLtosrr£D
//VD/V/DU/VL*
DJEJ=>O$/T&
/So
J872 - /3/3
OF
no
It0,000, OOO)
ioo
Oo.
O,
5&
000,000
OOO,
DEPOStTS
fo
p 60
t
40
7o. 000,000
Bs/f/C BALANCES HELD
60,000,000
000.000
40,000, 00 o
3o
ZO
2O, oocz, 000
— « — — ncapolis and S t Paul.
A mere
in 1872 of
http://fraser.stlouisfed.org/
per cent in thirteen'years.
Federal Reserve Bank of St. Louis
00,000 individual deposits was gradually augmented to
1
=
r
_f whiVh nearlv $12,000,000 was balance carried on account of associated country banks.
$23,000,000 to nearly $80,000,000, an advance of 25 per cent. Bank balances have
a ^ 3 S t f a i a n c e s £ national banks consequently amounts toriearly$100,000,000^ growth of about 300
^
Relative Banking Activities of Minneapolis and St. Paul as Indicated by Amount and Growth of Total
Deposits in All Banks, 1904-1913.
Chart V, representing total bank deposits of Minneapolis and St. Paul, respectively, indicates the
relative volume and growth of banking activities in the two cities from 1904 to 1913.
During the ten-year period, St. Paul deposits increased from about $30,000,000 to $52,000,000 (73 per
cent).
;
Minneapolis beginning the period with $48,000,000 (57 per cent) excess over St. Paul, now holds
$101,500,000 deposits. This shows an increase for the period of 112 per* cent, or a rate of growth 54
per cent faster than that of St. Paul.
Upon this basis the relative status of Minneapolis banks to that of St. Paul banks is as 196 to 100.
Chart VI
J?£f>&£S£t/r/iTtoN or
DEPOSITS mo
B/JHK BALANCES
MOTION*L
MINNEAPOLIS ANO
See Table 3
Historical Representation of Development of Banking Activities, National Banks, Minneapolis and S t Paul.
Chart £ represents by historical curves the growth of individual deposits in national banks, and of bank balances carried for outside banks by the national banks of Minneapolis and S t Paul, respectively,
during
years, ending 1913.
py,
g the forty-three
y
ifton ^ h e finan?ial superiority of St. Paul over Minneapolis during the early part of the period is cvidenced# both in the matter of individual deposits and bank balances, prior to
ioyu. At that time the banking connections of Minneapolis became so extensive as to cause balances of outside banks carried in that city to exceed those handled in St. PauL
The individual deposits of Minneapolis outgrew those of St. Paul in 1906, and since that time have increased by $45,000,000, while the increase for St. Paul banks is some-
CHART V I I
MATIOMAL BANKS.STATE BANKS
SAVINGS BANKS %TRUST COMPANIES
MINNEAPOLIS «-5T PAUL-1912
NATIONAL
DEPOSITS
BAMS
CAPITAL «» S U R P L U S
5TATE
DEPOSITS '
BANK5
CAPITAL ^
SAVINGS
BAMK5
TRUST
(COMPANIES
SURPLUS
DEPOSITS
RESOURCES
CAPITAL ^
890iZ,0ZI
SURPLUS
SEETABLE
Composite Representation of Financial Strength of Banking Institutions of Minneapolis and St PauL
Chart VII presents in graphic form the totals of significant items in a combined financial statement of all Minneapolis banking institutions, as of latest available record. Also the percentage proportion of each total which is attributed to the banking houses of respective cities.
,'
• -. A.
* *
. *
If the resulting percentages be combined and arranged, thus forming index numbers indicative of financial
strength and activity, the result is Minneapolis 741 St. Paul 251.
15
Chart VIII
CAPITAL AT1D SURPLUS
ar/7/tf/t£.
.. 1111111111
Composite and Comparative Development of MinneapoUs and S t Paul as Indicated by Growth of Capital and Surplus of National Banks, 1872-Hw.
Chart VIII compares and summarizes the accumulation of capital and surplus by the national banks of Minneapolis and St. Paul for forty-two years ending 1913.
The development of banking power during this* period is especially significant in two respects, namely, the change in relative importance as between St. Paul and Minneapolis
since 1892, and the rapid rate of accumulation in the years following 1902.
«„.«,.
.
.. .
»,.
,. T ^t.
s •
A net increase of over 160 Der cent is shown for the last eleven years, of which 104 per cent—about $9,000,000 is properly accredited to Minneapolis. In other words, in
eleven years ^ { f a ^ S ^ l ^ ^ o f l f S S ? e » S r f f a b»Te added to their capital and surplus an amount almost equal to the present total capital and surplus of the nattonal banks of
St. Paul
Chart IX
11111111 ! 11
Composite and Comparative Developments of Banking Activities of Minneapolis and St. Paul, as Indicated by Growth
of Individual Deposits and Bank Balances Held by National Banks, 1872-1913.
Chart IX compares and summarizes individual deposits and bank balances held by national banks of Minneapolis and St. Paul, by years from 1872 to 1913.
The financial activities of St. Paul in earlier years are evidenced by a preponderance of deposits and balances indicated below the index line until l«yy is reached, in
that year, an extension of Minneapolis banking activities is indicated by a volume of bank balances exceeding that of St. Paul, and in 1907 individual deposits in Minneapolis national banks exceeded those of St. Paul by $5,000,000. Since that time, although a healthy development is evidenced for St. Paul, the relative growth of Minneapolis is noteworthy.
For the year just closed individual deposits and bank balances of Minneapolis national banks stand at $45,000,000 and $35,000,000 respectively, as compared with $35,000,000
and $17,000,000 for St. Paul. Expressed in percentage growth since 1900, when the two cities were practically equal as to combined deposits of individual banks, Minneapolis
increased by almost 400 per cent and St. Paul by a little more than 200 per cent. Minneapolis has increased in individual deposits by nearly 350 per cent, bt. Faul by ^uu per
cent. Minneapolis has increased bank balances by 500 per cerft, St. Paul by 200 per cent. This last item is significant as a criterion of the outside banking relations of the two
cities, and is especially indicative of the importance of Minneapolis as a banking center.
Chart X
MUNDRBD M/LUON DOLLARS'*
KAM5A
' CITY-
•2. 50,3a.
FF2ANCISC
5T.P/ LULJ
7/////Ay////yy/
NEW
OR LEAKS
>.87.3
BANK CLEARINGS
CoMPARftflV£
^IINE WESTERN AND SOUTHERN QTIES-1^13
ATLANTA
«7iL5
44,857,448
407.OZI
SPOICANE
HUNDRED MILLION VOLLARS
See Table 4
Comparative Representation of Financial and Commercial Activities o! Nine Western and Southern Cities Indicated by Bank Clearings for 1913,
Chart X affords a comparative
representation of the bank clearings of nine foremost Western and Southern cites: Kansas City, San Francisco, Minneapolis, St. Paul, New Orleans, Atlanta,
Denver and Spokane.
%
-Bank• clearings
- •
• P taken
•• m as the most significant criterion of the volume of commercial and financial activities in any community.
u r u
.
- -*
• t. *
may be
As among the nine cities named,
med Kansas City appears to occupy first place in volume of clearings. However, the contrast of Kansas Lity with other members of the group is not as significant as might first appear, because of the
fact that country collections are included > Kansas. City clearings, while they are not so includedL in> the clearings o f * * " cities.
place among the nine cities. The combined
clearings
clearings of Minneapolis amount to two and a
In so far as geographical
half
times
those
of
St.
Paul
Chart XI
txa
/t30O
IfOQ
YEARLY CLEARINGS
MINNEAPOLIS SST.PAUL
1884-1913
IOCS
—
Jjoo
ipoo
900
SOL
,8OO
roc
700
50Q
500
400
doc
300
m4'
£00
- . ZOO
too
too
18&41885 188& 88718$8 f889 WO t89f ffla (893 18941895 f&h 8971898 Z899 (9001101 19Ot1903 (904 (9O5190b 1907 /9O319O9191019K 19It 1913
The Course of Bank Clearings by Years: Minneapolis and.St. Paul, 1884 to 1913.
Chart X I represents the relative development of financial and commercial activities in the cities of Minneapolis and St. Paul as In u
Jgg curves of respective bank clearings during the period of thirty years, each beginning in 1884 with annual clearings amounting to about
' The growth of bank clearings has advanced to $530,500,000 for St. Paul and to $1,312,500,000 for Minneapolis, making a total of $1,843,W0,000.
•
. . While it is to be observed that the bank clearings of St. Paul have grown steadily throughout the period, it is noteworthy that the financial
activities of Minneapolis, as indicated by the curve of clearings, has advanced much more rapidly since 1894 and, during the last three years the
increase has approximated 26 per cent, while St. Paul has practically remained at a standstill.
DANK CLEARINGS
>5TP*UL
ffOf
~-£t
/ /
/
.
A
\"i'/
\
\
\
/
\
\
\
\^
%
T
-V
/9e>9
/r/s
-J H
See Table
.2e 1 3 ^ *"*
Comparison of Financial Activities of Nine Western and Southern Cities^as Indicated by Annual Course of
Bank Clearings During Last Five Years. The Course of Clearing^ for Each Year is Shown in
Its Percentage Relation to the Previous Year.
Chart XII contrasts the annual movement of Bank Clearings for five years in each of the nine important
cities of the south and west: Minneapolis, San Francisco, Kansas City, Seattle, New Orleans, Spokane, St.
Paul and Denver, and Minneapolis and St. Paul combined
Bank clearings may properly be accepted as a significant criterion of current business activities and
especially of banking operations.
It should be observed, also, that in the cities here shown bank clearings are not inflated by speculative
stock market transactions as in certain eastern cities.
Excepting San Francisco, Minneapolis makes by far the best showing of the group, and Minneapolis and
St. Paul averaged together excel all individual cities throughout the period, excepting San Francisco and
Minneapolis.
The apparent superiority of San Francisco is traceable to the prosperity" of "that city, probably due to reconstruction activities continuing during the year 1911, when all other localities, save New Orleans, experienced a severe depression in business. A significant feature of the San Francisco curve resides in the 10
per cent decline for the year 1913.
During this last year, only three of the nine cities sustained their own rate of advance evidenced in 1912,
viz.: Minneapolis, Kansas City and Seattle, having respective growths of 11 per cent, 5 per cent and 10 per
cent. However, the relative decline of St. Paul is more than compensated for by the advance of Minneapolis,
the combined showing being an advance of 4£ per cent.
Incidentally, the tendency, otherwise apparent, of financial activities of the Northwest is centralize in
Minneapolis rather than in St. Paul, is here shown.
The relatively negative showing of Denver as to growth of financial activities, revealed by bank clearings, affords striking comparison with all other centers.
Because of the fact that country collections are included in Kansas City clearings and are not so included in the clearings of other cities, the relative showing of Kansas City is properly subject to a measure
of discount
if*
- COURSE
of
BANK CLEARINGS
" E I G H T C I T I E S . Ftvc YEARS Wt*-t9t3
5
ft
1
or
Z
tt
fi
SPOKANE
— _
DENVER
SEATTLE
SANFa^NCtsco- — . NEW ORLEANS
KANSAS CtTY
ST. PAUL
MINNEAPOLIS
m=M=m=m
1911
o
g"
x
1*3
SEE TUBUL 1 3
Relative Bank Clearings of Nine Leading Western and Southern Cities. Five Years by Index Numbers.
Chart XIII supplements and "checks" the accuracy of Chart XII in representing the course of business activities
centering in the more important cities of the south and west, excepting St. Louis. St. Louis is excepted from the
group because of influences affecting clearings arising from the financial relations of St. Louis as a central reserve city,
and not necessarily significant of natural and indigenous commercial attributes. In this chart the movement for each
year is expressed in percentage terms of their respective clearings for 1909.
The favorable position of Minneapolis and San Francisco, as shown by Chart XII, is here substantiated, and the
superior acceleration of Minneapolis clearings in comparison with each member of the group for the last two years is
apparent.
Chart XIV
DISTRIBUTION sf TorAL FARM
CROP VALUES S* STATES.
(Census'S
/ r/c-
Geographical Distribution of Farm Crop Values.
It U t J
re
P r <^'»ts the di>tril»ution of crop values throughout the ^ j " t e d ^J* t e '
, Minneapolis are constituted of large sized farms, the main products of which seek a cash market.
than may appear from the gross values shown upon the map which makes no distinction between the values of the Northwest
Digitized for
i isFRASER
to be observed that the states whose commercial and financial a c m m e ' . . * ' . ,
ffrf>attr
which
? 2 « » » « e M importance of crop production in this section, theretore. M cons derat ly r w e
http://fraser.stlouisfed.org/
Utl1 act
«a»y enter the markets and the produce of the more populous and less commercial areas.
Federal Reserve Bank of St. Louis
Chart XV
Otptrtmtnt of COIIWMK*. Bufwu of th. C«-UUJ.
Wheat Producing Areas of the United States.
a r t
K t_ ^
XV represents graphically the predominance of the Northwestern States in the production of the principal food crop of the nation, as indicated
°y the United States census figures.
,. The movement of the wheat rea during recent years indicates a rapid advance in the volume of wheat produced in Canadian districts immeQiately north of Minnesota and North Dakota. Economically speaking, this section of Canada will probably become and remain tributary to the wheat
markets of Minneapolis,
Chart XVI
Thirteenth Census of the United States: 1910.
Department of Commerce, 3ureau of theCantus*
BARLEY
PRODUCTION IN 1909
(To follow p n o TWO No-3.
The Barley Producing Area of the United States.
Chart XVI shows that, excepting Southeast Wisconsin, almost the total barley crop of the United States is grown within the area financially and commercially associated with Minneapolis markets.
Chart XVII
Thirteenth Census of the United States: 191 Or
Department of Commerce, Bureau of the Census,
V
A *
9
f
a
9
X
t
C
9
4S3S1*. <T© follow p«te 734.) No. 10.
CHART XVII.
The Flax Produdng Area of the United States.
Chart XVII shows that almost the entire flax crop of the nation is grown withia the three atatea: Minnesota, North and South Dakota.
Chart XVIII
•« of tM C«Mu^
tVrtwrtH C m ^ ot Ww Unlp4 Suit**: l
The Stock-Food Producing Area of the United States*
mountains,
re stock,
so rapid
as to make it a significant consideration in matters pertaining to the organization of financial and commercial institutions.
Thirteenth Centut of ft* United Stattt: 1910,
Chart XIX
-Dtptrtmtnt Of Commerct, Burwd or tfi» itniut.
EXPENDITURES OF FARMERS FOR
LABOR IN 1909
The Farm Wage Bill.
Chart XIX indicates the relatively large payment of wages for farm labor. This becomes especially significant as explained on page — when taken in
connection with the seasonal demand for labor and the relatively short period of employment, the nature of crops produced, and the relatively high wage
Chart XX
ffiff?
/9OO
ere
s
48.
Iffio
Annual Volume of Six Main Farm Crops, Oats, Wheat, Corn, Barley, Potatoes and Rye, in Four States: Minnesota,
North Dakota, South Dakota and Montana, 1900-1912.
Chart XX reveals an advance in volume of the six main crops of the four states commercially tributary to the Minneapolis
market from 240,000,000 bushels in 1900, to900,000,000 bushels in 1912.
The production of wheat, the main staple product of this region, shows a steady increase during the period.
The rapid increase of oats is noteworthy, as is also the growing importance of the corn crop.
Chart XXI
See Tables 7 and 8
Relative Advance of Agricultural Production in Minnesota, North Dakota, South Dakota and Montana, Compared with Agricultural Production in the United States, and with
Growth of Population, During a Period of Thirty-three Years.
Chart XXI graphically contrasts the increase in the volume of farm crops of the states of Minnesota, North Dakota, South Dakota and Montana, with the contemporary
Production of like crops in the United States considered as a whole, and with the growth of population dependent upon the food resources of the country.
Taking 1890as the base year, it is observed that the index of population has increased, since 1880, by sixty points, approximately 60 per cent g™Wthesmcvmo&
r/nT
Cr
°ps advanced disregarding annual fluctuations, by about 80 per cent, while the farm output of the four states above mentioned advanced from —54 to 337, almost 400 per cent.
with th#
This showing is particularly significant as a criterion of the growing importance of the Northwest as a surplus-food producing area and taken in connection
conne
pment of storage, milling and commercial facilities in Minneapolis, becomes equally significant of the importance of that city as a national financial center.,
Atosrr*s*A
/
•S£L+tOT* J
/ J ffs*
/9P0-/9/2
Ait Jr*r*j fitosr mrtftfSt **#**.
Tmn &rr
9
See Table 6
Receipts of All Grains, Northern and Southern Markets Compared.
Chart XXII contrasts the development of main lines of agricultural production in four
states, Minnesota, North Dakota, South Dakota and Montana, tributary to Minneapolis markets
with combined contemporary production of five 6tates, Missouri, Nebraska, Kansas, Colorado and
Oklahoma, tributary to Omaha, Kansas City and St. Louis.
Circle A shows by black and crossed-hatched segments the relative importance of the Northern and Southern groups of states, respectively, for 1900.
It is observed that the showing of the North against the South is as 61 per cent is to 23 per
cent of the total United States crop.
Circle B shows a marked change in relative importance of North and South for 1912, the respective shares in the national product being 15 per cent and 19 per cent. The absolute crop increases are shown by the larger areas represented in Circle B.
If the corparison be made in terms of the total of principal agricultural products west of
the Mississippi River, the showing of the North against the South is as 121 per cent to 44* per
cent for 1900, indicated in circle C; and, for 1912, 27 per cent for the North as against 241 per cent
for the South.
If, now, attention be directed to the representation of respective rates of increase sustained
by the Northern and Southern states and by the entire United States, as shown in the lower lefthand section of the chart, it appears that the crop of 1912 exceeded that of 1900 by 591 per cent
for the United States, 32 per cent for the Southern states and 2721 per cent for the Northern
states.
If again, consideration be given to the relative volume of principal farm crops, excluding
corn; the above mentioned Northern states produced 11 per cent of the United States total in
1900, as against 26 per cent for the South, and, in 1912, four Northern states produced 26 per
cent of the total crop as against 15 per cent grown by the five states lying to the south.
Of the crop west of the Mississippi, again excluding corn, the Northern states produced in
1900 21 per cent as against 35 per cent for the Southern group, and, in 1912, 42 per cent as contrasted with 241 per cent.
Excluding corn, the relative increase in farm output for the entire United States, 1912 over
1900, was 291 per cent; for the South, 47 per cent; and for Minnesota, the Dakotas and Montana
combined, 316 per cent.
In matters of financial moment there are three reasons why corn should be given less weight
in the relative consideration of crop values than may properly be assigned to other grains;
namely, the fact of large amounts being fed on the farm, the relatively simple marketing process
requiring less capital and credit, and the fact that corn moves slowly being usually financed on
six months paper instead of short paper as are other crops.
ChartiXXIII
MfWon Bushed
r
Bushels:L206.8U.67O
13%
33%
i
,
8<?,620,0Oo
2/%
2/%
25%
Comparative Representation of
RECEIPTS OF A L L GIS/UMS
kfihntxpot/s, Dvtuffi, Omaha, /Tenses Cffyfi* St. lout*.
190O-1906-1912:
See Grain Exhibits L and B
Receipts of Grains at Five Important Grain Markets, 1900-1906-1912.
Chart XXIII illustrates the relative importance of the grain trade of the Minneapolis district contrasted with that of the entire area tributary to Omaha, Kansas
City and St. Louis. It should be understood also that in the grain trade, Duluth and Minneapolis constitute a market unit; the Duluth transactions, being of the nature of
branch business, both as to credit arrangements and actual proprietorship, of Minneapolis.
That the actual grain handled in the MinnesoU markets constituted SB per cent of the total in 1900, 54 per cent in 1906, and 62 per cent in 1902, is significant.
St Paul is not a grain market
Chart XXIV
i
« T f ft
ELEVATOR CAPACITY. MAXIMUM TERMINAL STOCKS
aas MILLING CAPACITYSE
OMAHA,KANSAS CrrvaaeST. Louis ess 19(3.
t T
• •[•
M 9he.
Ttfilh'mBiwJwb
^°
±
JL.
33%
iOtOZOt0OO
10%
ELEVATOR
* CAPACITY
7%
24,426,000
36%'
.4,614,000
35%
7%
%74$,000 14%
3t10Z,0QO
I
J.
t
In Country Elc/s.
Z7,000,oooBo.
Terminal
Stocks
77./60
70%
7^0
6%
4000
4%
CAPACITY
/3% (PAILY)
Magnitude of Minnesota Grain and Milling Activities Contrasted with Omaha, Kansas City and St. Louis.
Chart XXIV graphically contrasts Minnesota elevator and milling activities with those of Omaha, Kansas City and St. Louis.
Obviously the day of rivalry among these, the largest cereal centers of the world, has passed.
". _ At the present time the elevator capacity of Minneapolis and the Lake Superior terminals is over 150 per cent greater than the combined carryine Dower
of Omaha, Kansas City and St. Louis.
'
During last year (1913) the actual maximum burden of grain carried in terminal storage in Minnesota and financed in Minneapolis was 180 per cent
wore
than the combined amounts for*Omaha, Kansas City and St Louis. And an amount of grain was carried by country.elevators in Minnesota and the
Uak
°tas over half as great as the contents of the terminal bins—constituting a total of over 75,000,000 bushels.
The milling capacity of Minneapolis and the lake port is 235 per cent greater than the combined capacity of Omaha, Kansas City and St Louis; and the
country mills of Minnesota have a combined capacity as great as that of Minneapolis.
Chart XXV
THOUSAND CARS.
TRAFFIC
MINNEAPOLIS & ST. PAUL.
__
_
1313
_
RECEIVED-FORWARDED - TOTAL
FORWARDED
1
'
ST. PAUL.
FORWARDED I
!
;
DECEIVED
MERCHANDISE
ONLY
;
|
CftRS
See Table 17
Freight Traffic of Minneapolis and S t Paul Compared, 1913.
The
significance of Chart XXV pertains to the relative importance of Minneapolis and S t Paul as shipping points. The total of all receipts and shipments, reduced to carload equivalents, over-all roads touching MinneThe chief
chief si
is, amounting for the year ending December 31, 1913, to 763,519 cars as contrasted with 410,848 cars "in" and "out" of S t Paul, including Minnesota Transfer, for the year ending October 31, 1913. (St Paul figures for Nevemapolis,
*f a i Th e ?owTr
? T b b part 9 o\ 3 thTchart representing merchandise only, shows 225,021 cars "in" and "out" for Minneapolis, two-thirds of which is forwarded merchandise. This amount contrasted with 156,197 cars, equally divided as between
in and "out" merchandise, for S t Paul is probably significant of superior jobbing activities in Minneapolis.
Chart XXVI
FREIE5HT TRAFFIC
MINNEAPOLIS & S T F A I / L .
CAHS RECEIVED AFORWARDED BY CLASSES
OFConnoornES J3I&
See Table 17
Classified Freight Traffic of Minneapolis and St. PauL
Chart XXVI supplements Chart XXV by a subdivision of traffic by cities into 14 classes, showing: the superiority of Minneapolis over St Paul in the followten classes: Agricultural implements and machinery; grain and seeds; linseed oil; cement and brick; coal; flour; millstuffs; merchandise; oil-cake and meal
«W ten
liscellaneous. St Paul excells in the handling of hay, lumber, live stock and meats.
and miscellaneous.
(Data compiled from official weekly reports of all roads entering Minneapolis and S t Paul for Minneapolis Civic and Commerce Association.)
3i
37
31
••
30
31
jS
i\
LE<S
V*
IS
M-
13
22
U
JANUARY
MINNE kPDLIS FREIGh T MOVE MENT
AVER/ ,GE MDF ITHLY FI .UCTUA T1DN5
FOR !FX Y E A R PERIC D IPQB
32
31
n
A"
/
v»
\
-
A pan-
•
MAY
/
15
3t
1^
/
/
30
'
tHBIft
OCTOBX
37
33
\
^2>oo CAR
31
\
U
\
\
31
M
/
21
/
n
CAR5 FDRWA %DED ^
/
\
/
CA \S RECE I V E O /
23
—
«
S"'
H
„.
17
IS*.
14
If
(4.
13'
13
ti-
a
U<
ll-
u
t
i
t7
5
A
i
3
2
\.
I
•HiviH.
w
-
See Table 9
Seasonal Fluctuations Minneapolis Freight Movement.
Chart XXVII represents the seasonalfluctuationsof freight movement as evidenced by monthly records throughout a period of six years.
By averaging "cars received" during the six Januaries, the six Februaries, and succeeding months pas a pas; by treating "cars forwarded" in like manner, by again taking the total of the average "in and out" movement by months, we have significant criteria of normal seasonal fluctuations.
The importance of a knowledge of such variations in trade lies in the close quantitative relation between freight traffic and credit needs in a district concerned with the production and distribution of highly valued seasonal food products and allied traffic elements. By reference to Chart I these characteristics are clearly shown to be peculiar to Minneapolis commerce.
Chart XXVII reveals an average major variation as between the summer level (April to July) and the autumn peakjn October of 40 per cent in cars
forwarded and over 92 per cent in cars received—an average maximum monthly variation of 27,500 cars.
A minor peak, involving an average variation of 8,000 within a month is reached in March.
It is probable that in half the years the variation indicated is exceeded, and the likelihood of commensurate strain upon the banking facilities of this
region is equally probable.
Chart XXVII
1
iLUor
s
:
1
to
c:L
Av
22'
20
r
1A
8
10
-
•J
m
RU
' 1
MIN
+\ 1
V \ 1
r
84
12 13
IAR
N
Y
V
j±.
A
V
n
\
>
5 P/
>At
R'IN
M
EAf
\
V
5
21
vi r
k
W51
ft
/
f
r
s
i
1
23 27 i5
It
j
s '
Si
E£
Hi 0-1 {13
H
r2
I
ft
/
24
-
APOL 15
—1
25
vM
/
A
f
30
¥
A
L
#*
*
u
nr
358,
r
I
4
/
—[
ft* 22%
—
^
\
/
M
38
A\ 42 143
MB EK U c :TC
r
/
^ *
'AC
18
/
\
i*t
74
\
1
22
/
V
4
In
V)
Of? 1 SI
o
I
r>
56
/ •
IJ
J
%
10
8
t
4
4
2
1
o
w
<
Seasonal Fluctuation in Financial Activities, Minneapolis and St. PauL
t
Chart XXVIII is constructed upon the record of weekly clearings for a period of four years ending December 31, 1913. By averaging the figures for
respectively consecutive
weeks for the four years, the average seasonalfluctuationsby weeks are calculated. The resulting averages are plotted, this deriving a "normal11 or average year, for both Minneapolis and St. Paul.
The course of clearings for Minneapolis shows low points in February and May (eighth and twenty-second weeks), and reaches a maximum in
October (forty-third week). The extreme average variation is from about $16,000,000 weekly clearings to over $31,400,000—a variation of 96 per cent
infivemonths. For six weeks of this period the average advance is 85 per cent, and one two weeks' period, in late August and early September, shows
an advance of 45 per cent, amounting to $8,000,000. A minor peak in clearings appears in the last week in February.
Thisfluctuationin average clearings does not measure the extreme variations which may and do occur in the course of business. They do indicate
the variations which, upon the basis of four years' experience, may reasonably be anticipated under normal conditions.
The suddenness and extent of variations experienced in Minneapolis has no counterpart in St. Paul. The maximum variation in weekly averages
at no time amounts to as much as $5,000,000; the same maximum average is reached in both autumn and spring and the minimum of $9,000,000 appears
four times during the year.
This variable career of banking activities in Minneapolis as contrasted with the relatively even tenor of St. Paul business is doubtless due to the
closer association of Minneapolis banking with the seasonal phenomena of Agricultural production.
Chart XXVIII
Chart XXIX
/7&ZO///7
CO PP
£
Minnesota and Montana.
Chart XXIX represents the relative importance of the two northern cities in the production of iron ore and copper. It is noteworthy that the ore production of Minnesota for 1909 was over 60 per cent greater
than the total for the three states next in importance, and constituted 54 4/10 per cent of the total ore production of the United States. The output for 1913 is 12* per cent greater than that of 1909.
The 31S000000 pounds of copper produced by Montana in 1909 exceeds that of the nearest competitor by 25,000,000 pounds, and represents 34 1/10 per cent of the copper production of the United States.
The rapid growth of iron and copper production in Minnesota and Montana since 1879 as contrasted with the contemporary output of other states is especially significant, not only as to the present mineral im
portance of these states, but as a forecast of future mining activities and mineral values to be handled and financed in the Northwest
Chart XXX
PRODUCTION
OF
f/eo/i COPPER Ls/rp Z/NC #ND PRECIOUS A7ET/?LS
//y P&/MCJP/1L PRODUC/MG
STATES-1
LEGEND
COLOtest DO
••••••••••[••••••••••••••••••••f
••••••••
$22t566,qOO
NEVADA
,808,C00
LfT/tH
975, OOO
927000
SOUTHDAKOTA
loot
WISCONSIN
45
SS
MILLION
Relative Mineral Production of Minnesota and Montana,
Chart XXX represents the relative position of Minnesota and Montana in the production of mineral values. Minnesota alone, in the $57,000,000 of
ore values exceeds the value of metal products in any other state, except Michigan. The copper output of Montana places that state third in the list of all
metal producing states* The mineral values produced in 1913 by Minnesota, Montana, South Dakota, Wisconsin and Idaho (states lying within the proposed Northwestern Reserve Bank district), exceed the combined mineral values produced by California, Colorado, Missouri, Nevada and Utah.
Chart XXXI
RAlU
MINNEAPOLIS DISTRICT
WORTH
RAILWAY SYSTEMS ENTERING MINNEAPOLIS, 9
OPERATING LINES INTO CITY, 24.
MILEAGE IN REGIONAL DISTRICT, 35,846
MILEAGE CENTERING IN MINNEAPOLIS, 48,591.
D ff ft \OT/7
/7/TOT/7
The Northern Railway Net
Chart XXXI. The Minnesota district is not lacking in mechanical facilities of trade; the growth of the railwa; net within its boundaries has been rapid and continuous, and the location of railway lines
is such as to constitute Minneapolis the natural focus of transportation activities to the Northwest.
i
Chart XXXII
-jry
80$
716
1757
2171
MO
3
1338
19
i $CATTL£
R57
M 1776
-W- 2190
w
BtsriA*CK
422
700 »
llM
BOTYE
1516
31.35
42W
POKTLArtD
180
882
J|9
i
68.05
RELATIVE^ DISTANCES* 1
MINMEAPOLTjS AMP CHICAGO
I
WESTERN; CITIE5
^•1
• fl77 <^^C
WHl/fSOM
MILES A p H
!
f
SALTUAXM Cirr—.
"•
^,
j
7
/
\
Car
*yMF*M*a*o
\
\
Comparative Transportation Facilities, Minneapolis and Chicago.
Chart XXXII graphically represents certain strategic advantages of Minneapolis in matters of transportation and communication as contrasted with Chicago. The direct lines of railway leading from Minneapolis to the Pacific
Coast and the Rocky Mountain cities, and to Canadian points, when considered in connection with the movement of traffic originating to the north and west, and the financial operations associated therewith, makes the matter of time
and distance a significant factor in the location of banking facilities.
Chart XXXIII
Chart XXXIV
See Table 10
See Table 11
f g g l l ^ TRADE VALUES TEISUTAEYTQ
BY Y£Ag5-l?0g,T0iqia
POST OFFICE
St PAUL
The Development of Foreign Trade.
Chart XXXIII represents the growth of exports and imports in Minnesota, Dakota and Montana districts for a period of eleven years. The increase in
exports from $15,000,000 to $62,000,000 during this period is significant of a rapid development in foreign trade. The industrial activities contributing to this
foreign trade constitute one of the most important economic units involved in the production and distribution of food products, and the conduct of this business
consequently requires the development of commercial and financial agencies of a somewhat specialized nature.
The processes of finance which have developed spontaneously in connection with the foreign trade in flour and grain, are strikingly similar to the opera*
tions involved in the European discount system, and are quite different from financial methods in customary use in other sections of this country.
During the last four years the custom house receipts for the Minnesota customs district accredit the following proportions to Minneapolis business:
1910—507 per cent. 1911—62.1 per cent. 1912—70.9 per cent. 1913—62.1 per cent
Chart XXXV
COMPARATIVE INDUSTRIAL ACTI71TI1S:
Decimal R e p r e s e n t a t i o n .
MINJffiAFOUS AKD ST. PAUL-1909.
Figure* f o r 8 t . Paul taken a* 1OOJS.
Population
Euater of
est&tliehaent*
Persona e n d in
aanufacture ..
)
)
) fffiiinnniiD s t . fan
I Utf,
Proprietor*
\k fins mew
Salaried
employees
fit
PDIII
|#ape earners
j e e Ko.
Prinary
Ihorse
power
)
]
)
Capital
Services
Salaries
Materiale
of
Product*
'•!-* added
ffianufactur«
At
Paul
I 280^
Chart XXXVI
MINNEAPOLIS
AVAILABLE FOR
RESERVE BANK
OLD FEDERAL
FIRST FLOOR
^^
130
COURSE OF
C A P I T A L SURPLUS -DEPOSITS
LOANS L DISCOUNTS
w
rfgf
^r^-
t
l»
ALL BANKS-MINMEAPOLIS
MO4-WIS
//O
ICO
70
Development of Banking in Minneapolis, 1904-1913*
I
See T*ble 14
TABLE 1.
Composite and Comparative Statement of Capital and Surplus, National Banks of Minneapolis and St.
Paul. 1872-1913.
ST. PAUL
MINNEAPOLIS
MINNEAPOLIS AND ST. PAUL
Combined
YEAR
Capital
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
$542,000
660,000
660,000
750,000
860,000
950,000
1,250,000
1,260,000
1,260,000
1,100,000
1,600,000
1,850,000
3,197,700
3,100,000
' 3,600,000
3,700,000
4,260,000
4,500,000
4,600,000
4,840,000
4,931,000
6,400,000
5,700,000
6,200,000
6,200,000
4,600,000
4,500,000
4,000,000
4,000,000
3,260,000
3,250,000
4,460,000
4,460,000
4,700,000
4,700,000
6,700,000
5,700,000
6,650,000
6,900,000
6,800,000
6,800,000
7,500,000
Surplus
$41,585
49,037
93,956
111,426
125,182
82,987
100,446
112,000
105,688
71,688
116,000
172,500
- 240,000
265,000
280,100
356,500
496,000
624,000
602,000
600,000
639,000
674,000
369,000
399,600
461,000
491,000
612,000
669,600
697,000
695,000
806,000
1,670,000
2,261,190
2,562,083
2.962,033
4,352,033
5,362,083
6,235,143
5,694,361
5,835,000
5,860,000
6,210,000
Total
Capital
Surplus
$583,68C $1,077,900 $249,021
599,037 1,800,000
306,069
333,000
748,966 1,800,000
366,000
861,426 1,800,000
1,700,000
368,000
976,182
1,700,000
344,000
1,042,967
349,500
1,350,446 1,700,000
355,000
1,362,000 1,700,000
1,355,688 2,200,000 . 505,000
575,000
1,171,658 2,200,000
635,000
1,715,000 2,200,000
805,000
2,022,600 4,700,000
3,437,700 5,200,000 1,010,000
3,365,000 5,200,000 1,010,000
3,780,100 5,700,000 1,128,000
4,056,500 5,700,000 1,161,000
4,746,000 5,200,000 1,208,500
6,024,000 5,200,000 1,247,000
5,102,000 5,200,000 1,290,000
5,440,000 4,800,000 1,283,000
5,570,000 4,800,000 1,298,000
6,074,000 2,800,000 1,103,000
6,069,000 . 3,800,000 1,205,000
6,699,600 3,800,000 1,055,000
6,661,000 3,800,000 1,055,000
855,000
4,991,000 3,800,000
657,000
6,012,000 3,*Q0,OO0
561,000
4,569,500 3,800,000
667,000
4,697,000 3,800,000
783,000
3.945,000 3,800,000
830,000
4,055,000 3,800,000
6,120,000 4,000,000 1,036,000
6,701,190 4,000,000 1,205,000
7,262,083 4,200,000 1,205,000
7,652,033 4,450,000 1,445,000
10,052,083 4,100,000 2,265,000
11,052,083 4,100,000 2,600,000
10,886,143 4,100,000 2,740,000
12,494,361 4,100,000 3,120,000
12,635,000 4,100,000 3,390,000
12,660,000 4,100,000 3,500,000
13,710,000 5,900,000 3,700,000
Total
§1,326,921
2,106,069
2,133,000
2,166,000
2,068,000
2,044,000
2,049,500
2,055,000
2,705,000
2,775,000
2,835,000
5,505,000
6,210,000
6,210,000
6,828,000
6,861,000
0,408,500
6,447,000
6,490,000
6,083,000
6,098,000
3,903,000
5,005,000
4,855,000
4,855,000
4,655,000
4,457,000
4,361,000
4,467,000
4,583,000
4,630,000
5,036,000
5,205,000
5,405,000
5,895,000
6,365,000
6,700,000
6,840,000
7,220,000
7,490,000
7,600,000
9,600,000
Capital
$1,619,900
2,350,000
2,450,000
2,550,000
2,500,000
2,650,000
2,950,000
2,950,000
3,450,000
3,300,000
3,800,000
6,550,000
8,397,700
8,300,000
9,200,000
9,400,000
9,450,000
9,700,000
9,700,000
9,640,000
9,731,000
8,200,000
9,500,000
9,000,000
9,000,000
8,300,000
8,300,000
7,800,000
7,800,000
7,050,000
7,050,000
7,050,000
8,450,000
8,900,000
9,150,000
9,800,000
9,800,000
9,750,000
11,000,000
10,900,000
10,900,000
13,400,000
Surplus
$290,606
355,106
431,956
477,426
493,182
436,9&7
449,946
467,000
610,588
646,558
750,000
977,500
1,250,000
1,275,000
1,408,100
1,517,500
1,704,500
1,871,000
1,892,000
1,883,000
1,937,000
1,777,000
1,574,000
1,454,500
1,516,000
1,346,000
1,169,000
1,130,500
1,364,000
1,478,000
1,635,000
2,706,000
3,456,190
3,757,083
4,397,083
6,617,083
7,952,083
7,975,14:"
8,714,36
9,225,00C
9,360,00C
' 9,910,00C
Total
$1,910,506
2,705,106
2,881,956
3,027,426
3,043,182
3,086,967
3,399,946
3,417,000
4,060,588
3,946,558
4,550,000
7,527,500
9,647,700
9,575,000
10,608,100
10,917,500
11,154,500
11,471,000
11,592,000
11,523,000
11,668,000
9,977,000
11,074,000
10,454,500
10,516,000
9,646,000
9,469,000
8,930,500
9,164,000
8,528,000
8,685,000
11,156,000
11,906,190
12,657,083
13,547,083
16,417,083
17,752,083
17,725,143
19,714,361
20,125,000
20,260,000
23,310,000
From Annual Reports of Comptroller of United States Currency showing conditions of National Banks as of time of last
*« for each year.
TABLE %
ST. PAUL BANKS, 1904-1913.
Deposits
Capital
Surplus
1904
$4,400,000.00
$1,537,500.00
$29,715,650.00
$19,166,199.00
1905
4,450,000.00
1,367,000.00
34,404,499.00
22,222,242.00
1906
4,550,000.00
1,500,000.00
33,916,490.00
21,749,798.00
23,377,848.00
Year
Loans & Discounts
1907
4,200,000.00
2,290,000.00
34,017,655.00
1908
4,200,000.00
2,040,000.00
34,756,308.00
23,221,940.00
1909
4,250,000.00
2,990,000.00
40,022,344.00
30,226,256.00
1910
4,275,000 00
3,246,000.00
42,975,252.00
29,853,907.00
31,800,531.00
1911
;
4,275,000.00
3,508,000.00
51,312,364.00
1912
,
4,125,000.00
3,500,000.00
45,851,516.00
30,016,580.00
51,186,053.00
36,443,186.00
1913^
5,850,000.00
3,805,000.00
MINNEAPOLIS BANKS, 1904*1913.
Year
Capital
Surplus
Deposits
Loans and
Discounts
Mortgage
Loans
1904
$5,736,000.00
$2,769,000.00
$47,074,347.00
$36,002,403.00
$338,367.00
1905
6,235,000.00
3,202,083.00
54,236,940.00
41,676,224.00
949,851.00
1906..
6,235,000.00
3,038,083.00
67,695,672.00
44,642,603.00
1,139,399.00
1907
6,585,000.00
4,829,869.00
66,518,044.00
47,102,618.00
1,278,061.00
1908
6,085,000.00
6,387,839.00
76,871,340.00
61,190,301.00
1,326,831.00
1909
8,025,000.00
6,973,433.00
90,094,307.00
60,400,087.00
2,261,010.00
1910
9,005,000.00
6,172,705.00
82,267,137.00
67,649,377.00
2,697,964.00
1911
9,030,000.00
7,073,100.00
92,386,492.00
64,339,821.00
2,819,226.00
9,230,000.00
6,783,600.00
100,028,630.00
69,658,614.00
3,107,250.00
9,750,000.00
7,065,600.00
101,506,300.00
69,861,736.00
3,662,454.00
1912
1913...
,
;, .
TABLE 3*
COMPOSITE AND COMPARATIVE STATEMENT OF DEPOSITS, BANK ACCOUNTS HELD, AND
LOANS AND DISCOUNTS, NATIONAL BANKS OP MINNEAPOLIS AND ST. PAUL, 1872*1913.
MINNEAPOLIS
MINNEAPOLIS AND ST. PAUL
Combined
ST. PAUL
Year
Deposits
Due to
Loans and
Other Banks Discounts
Deposits
Due to
Loans and
Other Banks Discounts
Deposits
Due to
Loans and
Other Banks Discounts
1872
1873
1874
$1,257,074
1,689,024
1,430,997
$17,177
11,625
9,221
$1,252,199
1,495,330
1,605,802
$1,698,210
2,189,573
2,161,820
$184,245
264,026
244,441
82,287,656
3,101,109
3,309,674
$2,955,284
3,878,597
3,592,817
$201,423
275,551
253,662
$3,539,835
4,596,439
4,915,476
1875
1876
1877
1,479,336
1,848,783
1,652,413
19,955
7,346
30,557
1,691,083
2,067,998
2,003,378
2,069,116
1,970,621
2,034,397
423,846
249,699
379,102
3,493,684
3,346,836
3,49G,385
3,548,452
3,819,404
3,586,810
443,801
257,045
409,659
5,184,767
5,414,834
5,499,763
1878
1879
1880
1,697,071
1,767,743
2,181,762
11,518
20,260
33,915
2,385,666
2,475,757
2,779,663
2,274,634
3,046,325
3,831,334
420,089
484,406
637,656
3,957,241
4,179,319
5,649,917
3,871,705
4,804,068
6,013,086
431,607
504,666
671,571
6,342,907
6,655,076
8,429,580
1881
1882
1883
2,683,748
3,164,097
3,929,053
194,921
384,648
598,654
2,823,945
4,167,433
6,010,971
5,674,455
5,355,628
7,202,440
2,439,416
1,626,473
2,024,281
8,218,517
7,712,386
11,936,617
8,358,203
8,519,725
11,131,493
2,634,337
2,011,121
2,622,835
11,047,462
11,879,824
16,947,588
1884
1885
1886
3,673,816
4,993,903
6,432,282
860,937
1,210,969
2,016,164
6,506,855
7,286,606
8,851,778
7,960,941
8,265,325
8,602,267
1,858,387
2,697,088
2,869,748
11,776,824
13,474,671
14,100,447
11,634,756
13,259,228
15,034,549
2,719,324
3,908,047
4,885,902
18,283,679
20,761,177
22,952,225
1887
1888
1889
7,891,992
8,200,820
7,464,167
1,608,351
1,977,496
1,739,904
10,611,976
10,809,041
10,680,350
10,190,599
9,227,664
8,986,680
3,621,011
3,667,296
2,7j)4,261
16,654,230
14,805,213
13,858,350
18,082,591
17,428,484
16,450,847
5,229,362
5,644,792
4,444,165
27,266,206
25,614,254
24,538,700
1890
1891
1892
8,636,638
10,132,934
9,419,468
2,156,718
1,893,640
2,900,484
11,453,914
12,648,910
12,926,639
10,375,295
8,813,795
10,316,417
3,220,717
4,202,278
4,256,769
15,451,475
13,093,768
15,973,906
19,011,833
18,946,729
19,735,875
5,377,435
6,095,918
7,157,253
26,905,389
25,642,678
28,900,595
1893
1894
1895
7,403,824
7,466,034
8,703,001
1,633,041
2,983,314
3,052,530
12,320,648
10,452,364
10,945,360
7,167,692
8,147,106
8,145,523
2,284,589
3,967,775
3,212,655
9,647,745
11,489,675
11,161,029
14,571,516
15,613,140
16,848,524
3,917,630
6,951,089
6,265,185
21,968,293
21,942,039
22,106,389
1896
1897
1898
7,264,701
8,305,070
9,413,198
2,819,618
4,676,198
3,938,839
10,788,168
9,320,950
10,299,184
9,485,486
9,506,325
10,432,375
2,884,752
5,328,600
4,346,011
10,450,811
8,803,064
9,715,305
16,750,187
17,811,395
19,845,573
5,704,370
10,004,798
8,334,850
21,238,979
18,124,014
20,014,489
1899
1900
1901
11,639,221
10,507,430
11,462,152
6,040,106
6,440,690
8,391,526
13,462,823
14,287,051
15,539,542
12,820,912
12,675,315
13,408,835
6,095,662
5,402,036
6,353,680
10,480,123
11,468,471
12,884,441
24,460,133
23,182,745
24,860,987
12,135,768
11,842,726
14,745,206
23,942,946
25,755,522
28,423,983
1902
1903
1904
14,102,483
13,590,609
16,667,054
9,857,094
9,037,683
8,963,268
18,843,204
20,893,904
20,692,701
15,258,516
14,990,496
16,709,339
6,714,107
6,339,928
6,819,743
14,514,000
14,870,466
16,677,743
29,360,999
28,581,005
32,276,393
16,571,201
15,377,611
15,783,001
33,357,204
35,769,370
37,370,444
1905
1906
1907
16,862,252
20,904,970
28,549,817
11,632,248
14,549,840
17,865,984
23,070,656
27,357,772
37,839,299
18,333,904
20,934,055
21,707,545
8,879,473
10,370,882
10,549,441
18,622,657
20,834,714
22,418,522
35,186,156
41,839,025
50,257,362
20,511,721
24,920,722
28,405,425
41,693,313
48,192,486
60,257,821
1908
1909
1910
36,645,299
42,384,436
37,634,467
28,982,892
22,288,071
26,279,090
43,805,783
46,665,934
48,158,692
23,325,549
26,191,331
26,105,386
13,173,037
12,758,014
13,361,246
25,207,868
26,124,190
28,381,361
58,970,848
68,575,767
63,739,853
42,155,929
35,046,035
39,640,336
69,013,651
72,790,124
76,539,953
1911
1012
1913
39,983,615
47,724,674
46,740,698
21,607,203
27,701,775
34,715,470
47,926,682
67,363,665
59,484,125
25,831,838
26,939,658
34,629,419
12,010,953
13,067,938
16,934,486
28,340,837
29,766,788
39,595,571
65,815,453
74,664,332
80,370,117
33,618,156
40,769,713
51,699,956
76,267,519
87,130,453
99,079,696
From Annual Reports of Comptroller of United States Currency showing condition of National Banks as of time of
*st call for each year.
TABLE 4.
ANNUAL BANK CLEARINGS.
Years
1913
1912
1911
Spokane
Denver
Seattle
$219,265,776 $425,607,021 $664,857,448
225,430,618 * 487,848,306 602,430,661
219,937,589 458,897,827 552,640,350
San
Francisco
N e w Orleans
Kansas City
St. Paul
$2,850,362,611 $530,515,562
2,713,027,216 579,166,754
$2,624,428,825
$980,683,873
2,077,501,052
1,058,324,963
2,427,075,543
1,013,907,623
2,578,730,359
531,574,517
Minneapolis
Minneapolis
and St. Paul
$11312,412,257 $1,842,927,819
1,182,232,466 . 1,761,399,220
1,699,665,411
1,068,090,894
1910
241,052,859
493,046,623
590,093,365
2,323,772,871
987,491,235
2,034,557,738
576,150,228
11150,669,665
1,731,815,893
1909
206,504,834
466,450,933
580,696,855
1,979,872,570
904,231,769
2,395,530,983
518,244,363
1,648,159,219
1908
153,895,741
409,996,642
429,499,252
1,757,151,850
786,007,353
1,847,511,624
483,976,978
1,029,914,866
1,057,468,860
1907
150,709,509
407,803,850
488,591,471
2,133,883,620
956',538,295
1,649,175,013
484,891,663
1,168,462,160
1,643,353,818
1906
114,220,098
349,774,100
485,920,021
1,998,400,779
1,020,252,303
1,331,075,055
419,400,276
990,890,203
1,410,356,479
342,751,235
913,570,559
1,256,330,794
1,541,445,833
1905
82,049,546
327,957,690
301,600,202
1,834,549,789
962,771,960
1,197,905,607
1904
62,084,485
235,725,730
222,217,308
1,534,631,137*
970,928,984
1,097,887,156
315,805,394
843,230,773
1,169,036.167
1903
55,067,915
237,324,450
206,913,521
1,520,198,082
827,710,850
1,074,878,589
309,230,108
741,049,348
1,050,279,456
1902
44,234,601
230,369,178
191,885,973
1,373,362,025
672,360,577
983,294,998
294,197,119
720,762,332
1,014,949,451
1901
29,428,112
228,469,100
144,634,367
1,178,109,730
603,551,124
918,198,416
200,413,773
626,020,467
836,434,230
1900
28,127,365
246,942,831
130,323,281
1,029,582,595
550,790,701
775,204,813
247,000,954
679,994,076
827,055,030
1899
31,993,127
178,206,504
103,327,017
971,015,072
458,219,218
048,270,711
239,306,401
639,706,249
779,011,710
1898
23,004,272
151,355,846
68,443,035
813,153,024
435,723,085
585,294,038
221,105,702
400,222,672
081,328,274
612,300,325
1897
10,622,772
124,414,245
36,045,228
750,789,144
415,978,498
540,837,381
197,712,210
414,697,016
1890
12,546,092
121,368,646
28,157,065
683,229,599
406,556,610
503,792,913
228,875,313
302,065,674
621,840,987
1895
10,034,868
138,288,035
25,691,157
692,079,249
487,948,184
520,871,222
222,332,180
372,895,344
595,227,530
1894
7,027,159
137,317,784
26,980,926
658,526,800
434,003,398
480,502,029
183,850,870
308,000,020
492,756,806
1893
14,491,418
185,335,869
40,147,625
699,285,878
500,897,031
474,672,695
207,679,490
832,243,860
539,923,350
1892
266,985,178
55,520,536
815,265,486
503,139,314
510,186,611
271,076,157
438,063,626
709,129,683
1891
230,134,970
48,977,349
893,268,703
514,807,422
460,471,785
360,715,248
608,790,526
1890
255,497,797
56,953,229
851,066,173
524,442,837
490,906,771
242,075,278
225,504,897
803,012,012
529,476,909
TABLES.
YEABLY OLEABINGS OP MINNEAPOLIS AND ST. PAUL, 1881-1913.
Year
1881.
Minneapolis
St. Paul
Year
Minneapolis
St. Paul
$19,487,660
1898.
$460,222,572
$221,105,689
1882.
72,100,087
1899.
539,705,249
239,306,455
1883.
87,437,487
1900.
679,994,076
255,840,110
1884.
99,677,069
$101,636,563
1901.
626,020,457
260,413,678
1885.
124,715,103
118,340,978
1902.
729,752,331
294,097,110
1886.
166,421,842
152,954,315
1903.
741,049;348
309,230,101
1887.
194,777,583
205,013,099
1904.
843,230,773
315,805,393
1888.,
215,626,250
194,912,912
1905.
913,579,658
342,751,234
419,466,276
1889.,
240,221,068
209,405,281
1906.
990,890,203
1890.,
303,913,022
225,564,896
1907.
1,146,462,149
484,891,667'
1891.,
366,720,243
242,075,278
1908..
1,057,468,860
433,976,978
1892..
433,053,626
271,125,301
1909.,
1,029,914,855
520,614,861
1893..
332,243,860
207,679,487
1910..
1,155,669,664
576,156,208
1894.,
309,002,009
183,856,870
1911..
1,068,090,893
531,574,516
1895..
372,895,344
222,332,181
1912..
1,182,232,466
579,166,753
1896..
392,965,673
228,875,307
1913..
1,312,412,266
530,515,562
1897..
414,697,614
197,712,205
TABLE 6.
COMPARATIVE PRODUCTION CHIEF AGRICULTURAL PRODUCTS, 1900-1912.
OATS, WHEAT, CORN, BARLEY, POTATOES AND RYE IN BUSHELS
Total
United States
Total of Four States
Minnesota, South
Dakota, North
Dakota, Montana
% of Total
United States
1900
3,730,306,667
241,872,000
6J%
865,250,000
23%
1912
5,953,485,000
901,122,000
15%
1,142,051,000
19%
Total All States
West of Mississippi
Total of Four States
Minnesota, South
Dakota, North
Dakota, Montana
% of Total
States West of
Mississippi
Total of Five States
Missouri, Kansas,
Oklahoma, Nebraska,
Colorado
% of Total
States West of
Mississippi
1900
1,937,825,712
241,872,000
12%
865,250,000
' 44i%
1912
3,314,327,000
901,122,000
27%
1,142,081,000
34J%
Total for Five States
Missouri, Kansas,
Oklahoma, Nebraska,
Colorado
% of Total
United States
OATS, WHEAT, BARLEY, POTATOES AND RYE
Total
United States
Total of Four States
Minnesota, South
Dakota, North
Dakota, Montana
% of Total
United States
Total of Five States
Missouri, Kansas,
Oklahoma, Nebraska,
Colorado
% of Total
United States
1900
1,625,204,151
177,253,000
11%
292,903,000
18%
1912
2,828,739,000
737,228,000
26%
430,722,000
15%
Total of All States
West of
Mississippi
Total of Four States
Minnesota, South
Dakota, North
Dakota, Montana
% of Total
States West of
Mississippi
Total of Five States
Missouri, Kansas,
Olkahoma, Nebraska,
Colorado
% of Total
States Westof
Mississippi
1900
840,530,641
177,253,000
21%
292,903,000
35%
1912
1,736,700,000
737,228,000
42%
430,722,000
24§%
TABLE 7.
PEODUCTION OF FARM CHOPS IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA AND
MONTANA, 1880-1912.
(000 omitted)
Wheat
1880
Rye
Oats
Corn
Barley
Potatoes
Total
Percent
Increase
Over 1890
260
24,071
19,529
3,493
6,056
95,228
-54%
47,767
272
27,639
20,799
4,557
6,384
107,418
-48%
45,175
487
34,650
25,795
7,730
6,551
120,388
-42%
50,843
656
41,687
20,049
8,057
7,374
128,666
-31.5%
1884
65,009
665
49,652
37,601
11,021
7',213
171,161
-17,%
1885.
63,913
629
52,548
33,798
10,506
8,225
169,619
-18%
1886
75,069
544
63,373
35,732
9,759
8,799
193,276
-6%
1887,
90,465
384
79,768
39,093
11,540
10,661
231,916
12%
1881
1882
1883
1888,
41,819
684
79,538
39,458
13,426
12,782
213,806
3%
88,647
1,361
78,996
36,029
11,735
12,620
229,388
11%
80,255
1,031
66,045
33,337
14,027
11,516
206,211
00%
1891,
139,008
1,389
95,698
43,327
19,132
10,642
309,196
50%
1892,
108,873
1,364
76,465
42,294
17,782
11,300
258,078
25%
1893.
78,588
1,158
71,052
46,063
14,652
11,760
223,273
208,963
188D.
1890.
1894.
1895.
67,918
88,434
156,968
1,323
1,606
8.5%
73,654
20,925
15,738
8,389
117,664
49,072
28,963
33,508
387,781
88%
66,594
18,574
20,276
300,825
46%
1.5%
1896.
105,235
1,133
89,013.
1897.
111,954
1,119
68,782
50,142
25,838
10,876
268,711
30%
1898.
178,213
1,296
89,966
59,149
18,070
15,699
362,393
76%
1899.
159,504
1,438
88,325
61,777
16,679
19,052
346,775
68%
1900.
86,765
1,195
63,428
64,619
11,020
14,845
241,872
18%
67,337
36,103
15,625
430,384
109%
20,059
471,582
128%
1901.
193,429
2,836
115,054
1902.
188,952
3,381
142,467
65,326
51,407
1903.
175,931
2,866
125,453
84,603
51,640
16,152
456,645
121%
1904.
156,390
2,658
150,318
87,666
59,952
21,821
478,805
133%
1905.
195,033
2,650
162,757
103,147
162,757
18,452
644,796
213%
1906.
178,950
2,804
167,409
117,225
70,788
20,276
557,452
170%
93,950
63,080
23,024
480,732
133%
20,330
520,051
153%
1907.
159,213
2,652
138,813
1908.
178,550
2,660
133,702
103,462
76,297
1909.
227,188
3,394
217,157
128,671
74,137
31,300
681,847
231%
1910.
156,920
2,758
151,065
122,516
52,524
16,920
659,615
220%
1011.
144,234
5,400
151,005
132,740
55,078
38,997
527,454
156%
1912.
282,389
7,437
293,390
163,894
101,666
52,346
901,122
337%
TABLE 8.
UNITED STATES PRODUCTION OP WHEAT, EYE, OATS, CORN, BARLEY AND POTATOES,
1880-1912.
(000 omitted)
1880.
Wheat
Rye
Oats
498,550
24,541
417,885
Corn
1,717,435
Barley
Potatoes
Total
Percent
Increase
Over 1890
45,165
167,660
2,871,236
2,065,688
-22%
8%
1881
383,280
20,705
416,481
1,194,916
41,161
109,145
1882.
504,185
29,960
488,250
1,617,025
43,954
170,973
2,859,347
1883.
421,086
28,059
571,302
1,551,067
50,136
203,164
3,349,314
1884
512,765
28,640
583,628
1,795,528
61,203
100,642
3,172,406
19%
1885
357,112
21,706
629,409
1,930,176
58,360
175,029
3,157,842
19%
1886,
457,218
24,489
624,134
1,665,441
59,428
163,051
2,998,761
13%
1887
456,329
20,693
659,618
1,456,161
56,312
134,103
2,783,716
1888
415,868
28,415
701,735
1,987,790
63,884
202,365
3,400,057
1889
490,560
28,420
751,515
2,112,892
78,333
204,831
3,666,601
1890
399,262
25,807
523,621
1,489,070
67,168
148,290
2,654,118
1891
611,780
31,751
738,394
2,060,154
86,839
254,424
3,783,442
1892
515,949
27,079
661,035
1,623,464
80,097
156,655
3,070,179
16%
1893
396,132
26,555
638,855
1,619,496
69,369
183,034
2,933,941
10%
1894
460,267
26,728
662,037
1,212,770
61,400
170,787
2,593,989
-2%
1895
467,103
27,210
824,444
2,151,138
87,073
207,337
3,854,205
45%
1896
427,684
24,369
707,346
2,283,875
69,695
252,235
3,765,204
42%
00%
1897
530,149
27,363
698,768
1,002,968
66,635
164,016
3,389,349
28%
1898
675,149
25,658
730,907
1,924,185
55,792
192,306
3,603,997
36%
1899
547,304
23,962
796,178
2,078,144
73,382
228,783
3,747,753
41%
1900
522,230
23,996
809,126
2,105,103
53,926
210,927
3,730,308
41%
1901
748,460
30,345
736,809
1,522,520
109,933
187,593
3,335,665
25%
1902
670,063
33,631
987,843
2,523,648
134,954
234,633
4,634,772
1903
637,822
29,363
784,094
2,244,177
131,861
247,128
4,074,445
53%
1904
552,400
27,242
894,596
2,467,481
139,749
332,830
4,414,298
66%
1905
692,979
28,486
953,216
2,707,994
136,551
260,741
4,779,967
1906,
735,261
33,375
064,905
2,927,415
173,916
303,033
5,147,910
1907.
634,487
31,566
754,443
2,592,320
153,597
298,262
4,464,275
1908,
664,602
31,851
807,156
2,668,651
166,766
278,985
4,618,001
70%
1909,
683,350
32,239
1,007,353
2,772,376
170,284
376,537
5,042,139
90%
1910,
635,121
34,897
1,186,341
2,836,360
173,832
349,032
5,265,483
1911.
621,338
33,119
922,298
2,531,488
. 160,240
292,737
4,561,220
72%
1912.
730,267
35,664
1,418,337
3,124,746
223,824
420,647
5,953,485
184%
94%
TABLE 9.
COMPARATIVE STATEMENT OP CABS RECEIVED AND FORWARDED AT MINNEAPOLIS POR
SIX YEARS ENDING DECEMBER 31, 1913.
RECEIVED
MONTH
190S
1909
1910
1911
1912
1913
Average
Received
6 Years
January.•
22,208
19,153
26,404
24,503
25,225
30,912
24,734
February.
19,211
19,896
25,078
20,653
26,169
27,221
23,038
March
22,787
22,401
27,821
24,304
25,946
30,211
25,578
April
16,717
17,239
20,177
20,943
21,701
24,507
20,214
May
16,619
19,333
20,309
22,564
19,971
23,761
20,426
June
18,354
20,207
21,109
21,915
18,650
23,906
20,690
July
18,695
17,917
19,584
21,189
20,354
23,057
20,132
August...
26,426
28,848
28,953
25,582
21,826
20,713
26,730
September
39,040
32,675
33,826
35,642
38,066
41,234
315,747
October...
35,904
36,075
35,702
36,957
45,922
40,401
38,493
November
25,938
33,349
29,758
35,314
41,788
35,309
33,576
December.
24,076
19,186
30,833
30,597
42,049
33,268
30,001
Total.
281,375
278,144
317,331
321,007
354,689
362,740
FORWARDED
1908
1909
1910
1911
1912
1913
Average
Forwarded
6 Years
January..
20,084
19,140
21,688
20,312
20,410
28,568
21,700
February.
20,046
18,736
21,857
20,085
22,720
24,830
21,379
March....
23,043
25,236
26,012
27,204
26,621
28,962
26,179
April
21,419
22,858
22,511
24,731
27,437
28,378
24,555
May
19,991
22,828
22,871
23,828
24,974
26,924
23,569
June
20,866
23,983
24,053
22,834
24,169
26,142
23,674
21,486
22,554
25,571
27,213
23,365
28,404
29,059
25,153
July
21,508
21,861
August...
21,346
22,383
23,813
25,915
September
27,520
28,965
26,648
26,211
32,791
31,963
29,016
October...
30,075
32,950
28,099
28,440
39,364
34,874
32,300
November.
23,611
30,385
24,725
24,435
36,257
29,300
28,118
December.
20,336
18,739
23,145
22,955
28,880
28,441
23,749
Total.
269,845
288,064
2S6,908
289,504
337,598
344,654
TABLE 10
TOTAL VALUES OP IMPORTS AND EXPORTS OP MERCHANDISE DURING EACH CALENDAR
YEAR, 1902-1912, DULUTH, MINNESOTA, MONTANA AND IDAHO,
NORTH AND SOUTH DAKOTA.
Imports*
)uluth
Minnesota
Montana and
Idaho
North
and South
Dakota
Total
*
Percent
Increase Over
Previous
Year
1902
$130,210
$2,290,145
$363,108
$2,525,050
$5,308,513
,...
1903
137,787
2,874,490
562,978
3,494,043
7,069,298
33%
1904
142,499
2,510,774
748,666
2,109,324
5,511,263
22%
1905
101,134
3,509,479
1,308,885
1,546,965
6,466,463
18%
1906
95,338
4,824,528
1,333,873
1,507,954
7,761,693
20%
1907
138,575
6,495,303
1,797,212
1,674,764
10,105,854
30%
1908
109,974
5,474,544
1,453,919
1,603,814
8,642,251
15%
1909
143,158
6,153,289
1,703,698
2,262,416
10,262,561
19%
1910
399,396
6,853,751
3,015,307
2,991,914
13,260,368
29%
1911
482,104
5,948,107
904,848
3,203,250
10,538,309
20%
1912
2,138,681
9,664,578
2,370,980
5,032,671
19,206,910
82%
Exports.
Duluth
1902
'
Minnesota
Montana and
Idaho
North
and South
Dakota
Total
Percent
Increase Over
previous
Year
$2,351,179
$494,345
$450,767
$11,882,479
$15,178,770
1903
1,791,544
1,629,940
128,242
11,525,106
15,074,832
1%
1904
676,850
1,547,103
247,463
13,595,397
16,066,813
6%
1905
1,955,460
3,378,632
411,391
14,798,133
20,543,616
27%
1906
4,151,702
7,872,923
560,574
14,637,833
27,223,032
33%
1907
5,233,033
6,760,379
919,783
10,187,810
23,107,005
15%
1908
4,987,700
8,125,206
1,043,856
7,099,607
21,256,369
8%
*
1909
5,636,898
9,909,940
1,397,940
10,511,820
27,455,598
29%
1910
2,524,340
16,908,736
2,241,295
15,820,844
37,495,215
36%
1911
1,069,947
23,455,778
3,071,028
19,766,516
47,363,269
26%
1912*
2,759,835
31,647,663
4,918,480
24,656,849
63,982,827
35%
Department of Commerce and Labor, Monthly Summary of Commerce and Finance, December, 1912, Pages 768-769.
TABLE 11.
POSTOFFICE RECEIPTS
Minneapolis and St. Paul, 1902-1913
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
Minneapolis
$961,004 $1,070,900 $1,189,572 $1,806,676 $1,452,440 $1,547,154 $1,576,082 $1,739,611 $1,968,716 $2,000,490 $2,160,195 $2,396,281
St. Paul
$620,445
Total
703,830$
$733,830
$757,416
$823,663 $1,002,474 $1,026,961 $1,093,397 $1,186,140 $1,206,334 $1,278,598 $1,479,751
$1,587,449 $1,774,730 $1,923,402 $2,064,092 $2,276,103 $2,549,629 $2,603,943 $2,833,008 $3,154,855 $3,200,824 $3,428,793 $3,875,032
TABLE l l
BANK CLEARINGS OF MINNEAPOLIS AND ST. PAUL FOE EACH WEEK frKOM 1910 TO 1913,
AND AVEBAGE WEEKLY CLEABINGS FOB THE FOUB-YEAB PEBIOD.
1913
Weeks
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1912
1911
1910
Average for
four years
Minneapolis
St. Paul
Minneapolis
St. Paul
Minneapolis
St. Paul
Minneapolis
St. Paul
Minneapolis
St. Paul.
Minneapolis
St. Paul.
Minneapolis
St. Paul
Minneapolis
St. Paul.
Minneapolis
St. Paul.
$28,014,075
12,635,035
$21,070,340
8,895,514
$19,237,680
9,851,551
$23,987,762
10,885,277
$23,077,436
10,566,844
28,712,740
10,157,369
19,308,992
9,931,138
20,540,321
10,066,195
24,895,166
10,094,653
23,364,302
10,062,338
26,580,759
9,457,667
18,230,633
9,460,339
20,832,680
0,475,328
23,128,480
9,849,067
22,193,088
9,560,600
24,636,493
9,001,293
17,957,602
10,155,614
19,059,932
9,260,126
21,382,760
10,360,266
20,758,919
9,694,324
22,401,132
9,303,278
18,940,715
9,882,583
18,009,088
9,262,295
21,686,704
9,050,275
20,259,409
9,374,607
21,737,346
10,200,000
18,920,246
10,564,951
18,723,474
8,870,031
17,062,668
8,506,816
19,108,431
9,535,462
21,634,828
8,000,000
19,138,853
9,037,795
18,106,430
8,401,716
21,916,876
10,053,752
20,174,246
8,873,315
19,707,366
8,387,501
16,129,274
9,219,425
16,135,975
9,256,481
17,923,322
10,384,906
17,473,984
9,312,078
25,013,433
11,772,229
21,360,466
16,729,585
21,316,666
12,307,527
24,282,851
12,110,360
22,993,326
13,229,922
Minneapolis
St. Paul.
Minneapolis
St. Paul.
25,136,314
14,000,046
20,375,791
12,376,674
18,583,920
11,882,314
20,620,083
11,637,231
21,179,027
12474,066
23,336,085
9,388,966
20,419,540
10,632,513
18,828,634
10,679,727
19,385,608
11,430,937
20,492,441
10,533,035
19,498,313
9,621,361
17,714,480
12,475,800
17,223,406
11,995,854
17,808,869
10,605,532
18,061,267
11,174,636
23,154,296
11,721,804
16,996,026
12,817,811
17,175,161
9,009,988
21,629,729
12,179,640
19,738,553
11,432,310
21,273,790
9,149,823
18,139,368
8,775,266
18,779,482
10,614,933
19,390,427
11,277,387
19,395,766
9,954,352
21,323,231
8,825,795
22,451,481
11,117,634
17,139,167
9,667,970
20,768,636
11,372,707
20,418,103
10,236,015
22,267,628
9,790,889
18,551,939
9,512,993
19,599,826
11,580,880
19,084,435
10,559,044
19,875,931
10,360,951
20,469,467
9,272,740
17,686,081
9,811,800
17,938,135
8,952,961
17,688,171
10,088,247
18,417,963
9,531.437
22,010,858
8,752,239
20,842,979
10,684,686
19,772,618
10,816,941
20,409,221
12,789,442
20,768,894
10,760,827
21,370,432
8,627,015
22,204,769
9,558,898
19,243,970
9,583,264
16,863,892
8,000,000
22,778,496
9,796,473
23,477,280
9,252,326
18,871,877
9,227,245
18,801,294
10,206,302
18,122,890
8,968,241
20,243,142
11,474,014
16,762,858
8,597,795
18,636,694
10,237,500
19,652,085
9,574,128
19,076,152
9,600,123
16,892,348
9,870,456
16,634,146
9,511,237
18,769,988
11,835,885
17,822,613
10,200,210
14,631,525
8,201,392
16,680,833
8,337,964
16,645,955
10,711,941
16,905,551
8,812,825
19,190,683
10,553,264
18,677,639
9,708,752
19,377,883
10,859,279
19,076,835
9,884,068
17,903,161
9,603,378
18,777,050
10,889,784
18,333,286
9,437,019
18,379,952
12,336,085
Minneapolis.
St. Paul.
Minneapolis
St. Paul
Minneapolis
St.PauL
Minneapolis
St. Paul.
Minneapolis
St. Paul.
Minneapolis
St. Paul.
Minneapolis
St. Paul
Minneapolis
St.Pauf.
Minneapolis
St. Paul.
Minneapolis
St.Pauf.
Minneapolis
St. Paul.
Minneapolis t
St. Paul.
Minneapolis
St. Paul.
Minneapolis
St. Paul.
'
\\
]„,[
,
24,150,586
9,116,827
19,308,697
11,475,817
91985,639
20,016,730
10,298,950
19,9lM6
10,444^
TABLE 12—Continued.
i o
Weeki
1913
26
Minneapolis.
St. Paul
27
Minneapolis.
St. Paul
28
Minneapolis.
St. P a u l . . . . .
29
Minneapolis.
St. Paul.
30
Minneapolis.
St. P a u L . . . .
31
Minneapolis.
St. Paul
32
Minneapolis.
St. Paul
33
Minneapolis.
St. P a u l . . . . .
34
Minneapolis.
St. Paul.
35
Minneapolis.
St. Paul.
36
Minneapolis.
St. Paul.
37
Minneapolis.
St. P a u l . . . . .
38
Minneapolis.
St. Paul.
1912
$22,089,431
10,094,115
22,000,000
10,009,828
22,718,208
9,594,763
22,062,419
9,368,829
$17,381,843
10,684,912
18,532,738
9,921,432
19,247,669
10,042,555
17,766,664
9,790,461
20,155,978
9,057,322
21,592,589
9,824,147
16,638,882
10,770,209
16,412,684
9,227,734
19,562,214
9,217,165
19,495,970
10,223,133
17,762,109
10,213,335
21,110,328
9,016,763
25,648,188
9,813,157
27,713,817
10,937,103
26,115,315
10,100,193
28,383,904
11,275,439
32,176,996
12,525,484
20,600,000
9,442,191
25,997,440
9,456,786
30,608,632
9,879,751
- 33,080,854
10,277,523
31,446,842
11,908,806
32,082,172
11,052,646
19,962,477
10,284,042
19,079,929
10,039,537
1911
$19,550,443
12,544,952
16,646,086
10,089,986
21,090,235
11,165,054
18,300,904
12,356,512
$18,921,103
10,828,336
18,586,696
9,725,197
20,280,466
10,270,533
19,045,361
10,780,450
14,553,822
10,838,704
15,512,245
9,224,968
16,942,094
9,269,477
16,870,342
8,719,577
16,781,414
9,655,816
19,193,456
8,995,344
22,108,972
10,293,298
16,602,652
11,647,167
17,968,904
10,951,131
17,028,726
9,131,571
21,247,368
9,834,564
19,172,894.
9,625,232
16,762,006
10,824,658
16,917,623
9,798,573
18,422,253
9,168,884
19,801,567
9,650,355
18,554,104
9,734,143
21,640,889
8,889,421
25,913,630
10,096,328
27,307,848
10,493,248
27,246,728
1O7H1 2 2
29,086,959
11,287,637
30,358,165
11,285,051
34,797,330
12,548,262
33,358,419
14,090,730
85,545,251
14,763,525
32,665,212
13,337,585
36,280,213
15,462,180
13,249,780
33,320,529
16,098,880
Minneapolis.
St. Paul.
26,076,457
12,412,892
48
Minneapolis.
St. Paul.
49
Minneapolis.
St. Paul
33,446,612
10,583,509
31,000,000
9,488,384
41
Minneapolis.
St. Paul.
42
Minneapolis.
St. Paul
43
Minneapolis.
St. P a u l . . . . .
44
Minneapolis.
St. Paul.
30,713,204
12,852,306
31,223,874
10,842,289
37,616,505
12,588,870
45
Minneapolis.
St. Paul.
33,263,924
12,854,282
46
Minneapolis.
St. Paul.
32,283,723
47
Average for
four years
$16,662,695
9,989,366
17,167,961
8,879,543
17,350,945
10,038,275
16,738,195
11,357,424
23,958,143
9,917,002
25,630,232
10,004,677
29,323,899
10,946,370
27,912,600
11,202,463
28,276,974
12,543,015
26,513,460
12,285,131
32,130,074
14,193,127
30,198,618
11,965,845
27,469,673
12,351,491
Minneapolis.
St. P a u l . . . . .
1910
20,262,331
8,088,792
26,288,727
10,399,105
24,478,578
10,841,345
25,794,625
10,830,813
26,552,863
11,876,091
27,896,561
10,828,747
25,799,407
11,659,638
24,464,545
14,592,857
26,791,838
12,216,616
22,723,010
12,805,707
26,343,107
11,559,824
28,762,407
13,455,256
31,422,759
13,003,889
30,800,836
12,674,502
12,850,627
30,839,229
13,379,645
25,841,886
13,123,990
21,636,880
10,367,864
28,270,754
13,210,128
28,676,725
12,843,351
22,000,000
11,530,862
26,687,172
13,927,238
25,860,088
12,678,586
34,202,040
12,090,251
34,686,591
12,091,388
28,394,549
11,510,072
23,079,517
13,085,005
30,090,674
12,194,179
Minneapolis.
St. P a u l . . . . .
30,170,893
11,334,744
33,257,431
10,234,578
26,201,835
10,280,007
25,000,698
13,388,085
28,667,714
11,309,353
50
sapoli
St. Paul...
30,331,163
11,750,000
30,688,638
11,173,317
26,905,844
10,540,324
22,330,726
10,413,196
27,314,068
10,969,209
51
Minneaitpolis.
St.
22,664,361
9,495,375
26,033,181
9,794,381
19,256,417
7,944,975
18,449,986
9,179,915
21*600,986
9,103,661
TABLE 13
BANK CLEABINGS, NINE CITIES, 1909-1913
Percentage Relations
1909
1910
1911
oo
1913
1012
t-
Denver
466,450,933
493,046,623 5.5 5.5
458,897,827 —7 —2
487,8-18,306
8.5 $219,265,770 —3 5.5
4.5 425,607,021 —13 -10
Seattle
586,696,855
590,093,365
552,640,350-6.5
602,430,661
2.5
Spokane
$206,504,834 $241,052,85916.5:16.5 $219,937,589 —9 5.5 $225,436,618
San Francisco.. 1,979,872,570 2,323,772,871
New Orleans...
Kansas City
St. Paul
Minneapolis
Twin Cities
17
17 2,427,075,543
23 2,677,561,052
987,491,235
9t
9 1,013,907,623
2 12.5 .,058,324,963 4.5
0,395,530,983 2,634,557,738
10;
904,731,769
518,244^363
576,156,228
1,029,914,856 1,165,659,665
10 2,578,730,359*3.5 7.5 2,713,027,216
12 12
i
531,574,517 —8 2.5
12 12 1,068,090,894 - 7
1,548,159,219 l,731,815,893jll.5|ll. 511,599,665,411 —8
570,166,574
10
064,857,448
10 13
35 2,24,428,825 —232 •5
17 980,683,873 -7.5 8.5
13 2,850,362,611
11.5
519 .5
530,515,562 -8.5
2
4 1,131,232,466
1114.5 1,312,412,259
.5
3 1,761,399,220
10 13.5 1,842,027,819 4.5
19
TABLE 14
COMPARATIVE STATEMENT OF CAPITAL, SURPLUS, UNDIVIDED PROFITS, BANKING CAPITAL, GROSS DEPOSITS, LOANS AND DISCOUNTS—ALL BANKS—MINNEAPOLIS
AND ST. PAUL—1904-1913.
MINNEAPOLIS.
•
Capital
Surplus
1904
$5,736,000
$2,759,000
1906
6,235,000
3,202,000
1906
6,335,000
4,338,000
1907
6,835,000
1908
6,360,000
1909
8,625,000
Undivided
Profits
Banking
Capital
Gross
Deposits
$859,000
$9,353,000
$47,074,000
$36,102,000
1,111,000
10,548,000
54,382,000
41,846,000
1,330,000
12,003,000
70,634,000
5,407,000
1,350,000
13,592,000
79,326,000
5,977,000
984,000
13,321,000
88,287,000
62,386,000
6,675,000
Loans and
Discounts
57,217,000
60,097,000
1,257,000
16,557,000
102,861,000
72,879,000
95,947,000
71,617,000
1910
9,905,000
6,672,000
1,443,000
18,020,000
1911
10,430,000
7,083,000
1,938,000
19,451,000
106,346,000
75,814,000
1912.
10,630,000
7,332,000
2,359,000
20,321,000
115,666,000
83,455,000
1913
11,180,000
7,616,000
2,482,000
21,278,000
119,097,000
87,053,000
*ST. PAUL.
1904.
4,655,000
1,249,000
743,000
6,647,000
32,074,000
20,285,000
1905.
4,980,000
1,405,000
862,000
7,307,000
36,870,000
24,502,000
1906.
4,750,000
2,173,000
508,000
7,491,000
41,357,000
26,561,000
1907.
4,750,000
2,544,000
04,000
7,935,000
42,653,000
27,295,000
1908.
4,850,000
2,848,000
582,000
8,280,000
48,473,000
29,816,000
1909.
4,875,000
3,123,000
799,000
8,797,000
51,848,000
34,024,000
1910.
4,900,000
3,593,000
833,000
9,326,000
50,349,000
34,476,000
19U.
4,950,000
3,977,000
905,000
9,832,000
56,417,000
36,768,000
1912.
4,950,000
4,249,000
939,000
10,138,000
53,352,000
36,337,000
1913.
7,225,000
4,679,000
1,279,000
13,183,000
68,428,000
48,494,000
•Including Stock Yards National Bank, South St. Paul.
TABLE 15
TWIN CITY BANES, 1912.
MINNEAPOLIS
ST. PAUL
Capital and
Surplus
National Banks
State Banks
Capital and
Surplus
Deposits
$14,209,894
$43,232,170
1,404,230
8,341,439
Savings Banks
19,786,428
National Banks
$8,574,182
531,418
State
2,300,000
$20,681,695
2,382,736
5,370,930
Savings
Resources
Resources
Trust Companies
Deposits
6,980,919
Trust Companies
625,000
2,031,102
TOTALS FOR BOTH CITIES
Capital and
Surplus
Note:—
Figures for National Banks
taken from the report of the
Comptroller of Currency, 1912
National Banks
State
Savings
122,784,076
1,935,648
Deposits
$69,913,865
10,724,175
25,157,367
Resources
Trust Companies
2,925,000
$8,012,021
Note:—
. „
Figures for State and Savings Banks and Trust Companies taken from the Third
Annual Report, Department
of Banking, Minnesota, 1912.
TABLE 16
COMBINED MINNEAPOLIS AND ST. PAUL BANES AND TRUST COMPANIES—CAPITAL, SURPLUS, DEPOSITS, LOANS AND DISCOUNTS, DUE TO BANKS, 19041913
MINNEAPOLIS.
•gg
Capital
4>
°°
1*1
Surplus
AI
Deposits
i
Loans and
Discounts
Si
itftfc
g
S
II
Due to
Banks
10,719,576
0
2,302,410
0
10,726,928
0
3,086,924
11,392,530
20
12,356,681
15
12,533,633
10
13,170,799
6
21,589,039
72
11,647,946 —11
325,747 -950
1,388,350
23,968,833
11
12,132,386
4
296,7671 —9
98
1,127,950 -19
28,624,520
19
17,825,638
47
3,180,000;
2
1,189,000 * 6
31,409,702
10
17,957,013
1
264,341 - 2 7
.
3,255,000
1
1,430,100
20
31,452,416
0
19,005,171
6
350,397
.
3,230,000
1
1,636,000
34,087,501
8
23,091,468
21
1,698,219!
°i
i
t
1,672,444 —2!
1,618,286
0
1,539,220 —5
442,383 —9
70,000 —27
1,428,788 —14
1,259,977 —18
245,652—45
95,400
1,508,99; I
1,485,0001
0!"
459,000
0
9,503,937
1005V
1,435,000!
0
531,500
16
9,490,384
1906V
1,485,000
3
684,000
29!
1907*..
1,660,000
12
923,000
1908.
.
1,635,000 —1
1,160,600
1909..
1,675,000 —3
1910..
3,130,000
1911..
1912.
1913.
261
34
3,068,801 —1
1
3,083,683
356,169
20
32
301,953 —14
ST. PAUL.
1904V
[
i
305,000;
0
i
1905V
250,0001—18;
1906*..
150,000—40'
1907V.
1908..
150,000!
0
650,000 333,
1909..
675,000
740,000
1910..
1911..
92,500
0
95,500
3
36
°
1,413,817
12
333,797
246,350 270
5,001,112* 231
3,758,251 166
331,330 —
4!
264,500
7
5,850,748
17
4,092,894
9
375,972
13
10
288,500
9
'7,520,638
63
5,269,111
29
395,909
22
8,183,501 —14
5,725,818
9
391,111
—2
42
449,025
55
1
890,000
.
740,000
17 ;
476,900
6
9,618,627
17
6,649,903
16
556,493
1913..
1,115,000
50
533,845
12
10,968,894
14
7,845,297 18
532,179
1912.
*No record for Savings Banks and Trust Companies.
0
484,411
1
TABLE 17
FREIGHT TRAFFIC—CABS RECEIVED AND FORWARDED, BY COMMODITIES, MINNEAPOLIS AND ST. PAUL, 1913.
RECEIVED
Minneapolis
COMMODITIES
St. Paul
FORWARDED
Minneapolis
Excess
Minneapolis
St. Paul
TOTAL RECEIVED AND FORWARDED
Minneapolis
Excess
Minneapolis
St. Paul
Minneapolis and
St. Paul
Minneapolis Excess
Over St. Paul
Cars
11,786
3,577
8,209
9,607
3,164
6,443
21,393
6,741
28,134
14,652
218
Grain and Seeds
154,208
4,934
149,274
71,673
1,089
70,584
225,381
6,023
231,904
219,858
3,150
Hay and Straw.
4,238
6,837
-2,599
574
667
-93
4,812
7,504
12,316
-2,692
-36
21
Id
5
3,303
2,269
1,044
3,324
2,275
5,599
1,049
46
12,578
18,768
-6,190
7,161
9,354
-2,193
19,739
28,122
47,861
-8,383
30
381
4
Agricultural Imp. and Machinery
Linseed Oil
Lumber...
,
8,717
7,476
1,241
1,961
2,821
-860
1,067
10,297
20,975
Coal
32,906
29,247
3,658
229
452
-223
33,134
29,600
62,833
3,435
12
Flour
3,928
1,238
2,690
13,017
918
12,099
76,945
2,156
79,101
74,789
3,460
Millstuffs
3,370
3,370
29,966
29,966
33,326
Cement, Brick, etc
Meat and Packing Houee Prod.
Merchandise
Oil Cake and Meal
Miscellaneous
Total
68,926
33,326
58,817
-68,817
-42,746
16,071
-16,071
1,706
-1,706
11,982
-11,982
13,688
13,688
-13,688
72,432
-3,503
166,096
83,765
72,330
156,197
381,218
68,824
4
6,916
42,746
Livestock
33,326
58,817
4
226,021
6,916
6,920
6,920
6,920
89,329
191,675
13,017
410,848
1,174,367
362,671
69,330
59,589
9,741
33,016
29,740
2,276
102,346
370,011
1248,566
121,448
393,608
162,282
230,226
763,619
Note—Reductions of Commodities reported in. tons, barrels and pounds to cars, are computed upon the following table of equivalents:
10.000 lbs. Merchandise—1 car.
260 bbls. Flour
—1 "
40 tons Coal
—1 "
20 tons MU1 Stuff? —I "
20 tons Oil Cake —1 "
44
46
TABLE 18
VALUE OF VARIOUS CROPS—MINNESOTA, MONTANA, NORTH AND SOUTH DAKOTA,
(000 omitted)
WHEAT
1000
1901
1902
1903
1904
1905
1906
1907
1903
1909
1910
1911
$32,451
$48,062
$48,649
$48,750
$59,460
$51,428
$36,271
$62,192
$64,444
$54,811
$60,160
$40,420
$48,938
1,177
1,577
1,460
1,838
2,311
2,019
2,110
3,243
3,185
5,439
6,622
9,470
12,381
North Dakota
7,642
32,028
36,466
34,802
43,653
52,180
49,074
47,963
-62,954
107,439
34,650
65,148
99,236
South Dakota
11,687
27,381
25,065
29,297
24,930
29,569
25,593
28,907
34,833
42,354
41,581
13,468
36,008
Total
$52,957 $109,048 $111,640 $114,687 $130,354 $135,196 $113,048 $142,305 $165,416 $210,043 $143,013 $128,506
$196,563
U.S. Total
323,515
Minnesota
Montana
467,350
422,224
443,025
510,490
518,373
490,333
564,437
116,826
730,046
561,051
543,063
1912
555,280
OATS
Minnesota
1912
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
$10,058
$22,350
$22,210
$20,643
$22,146
$19,361
$19,443
$25,414
$25,372
$32,864
$27,341
$26,886
$31,96
5,177
5,798
6,817
8,466
7,997
Montana
1,079
2,228
2,401
2,636
2,900
3,177
3,741
5,410
North Dakota
2,016
7,780
7,948
6,772
7,442
10,717
10,931
12,936
13,750
21,743
5,607
21,004
20,948
South Dakota
3,037
6,649
6,989
7,907
6,956
6,464
11,602
12,764
12,872
14,812
10,695
4,900
13,098
Total
$16,190
$39,007
$39,548
$37,958
$39,444
$39,717
$45,717
$56,524
$57,171
$75,217
$50,460
$61,256
$74,005
U . S . Total
208,669
293,659
303,585
267,662
279,900
277,048
306,293
235,568
381,171
405,120
408,388
414,663
452,469
(Continued on next page)
VALUE OF VARIOUS CROPS—MINNESOTA, MONTANA, NORTH AND SOUTH DAKOTA—Continued.
(000 omitted)
CORN
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
$9,220
$16,109
$13,631
$15,476
$15,051
$16,169
$17,051
$21,802
$25,759
$33,270
$30,019
$39,294
$28,925
14
70
59
57
59
52
61
61
85
236
350
424
428
North Dakota
160
699
722
910
766
885
1,626
1,848
2,314
2,718
1,705
4,350
3,766
South Dakota
9,401
13,429
12,223
14,566
15,788
16,001
18,216
21,700
28,838
27,779
21,000
26,935
28,248
Total
$18,795
$30,307
$26,535
$31,009
U. S. Total
921,556 1,017,017
$31,664 $31,107 $36,954 $45,411 $56,996 $64,003 $53,074 $71,003
952,869 1,087,461 1,116,697 1,166,626 1,336,901 1,616,145 1,477,223 1,384,817 1,565,258
$01,367
751t220
1900
Minnesota. *
Mont an ft
1912
1,520,454
BARLEY
Minnesota
Montana
1900
1901
1902
1903
1904
$2,765
$9,756
$9,604
$10,280
$10,279
97
365
337
425
324
1906
1907
1908
1909
1910
1911
1912
$9,284
$11,057
$17,864
$15,925
$14,852
$16,191
$26,904
$17,227
281
265
400
534
1,197
903
728
755.
1905
North Dakota
670
2,904
5,710
4,489
4,905
5,798
5,219
9,075
8,432
' 8,913
2,985
17,404
12,307
South Dakota
479
2,739
3,393
3,517
3,132
2,889
7,331
12,276
11,558
8,960
10,633
4,847
9,686
$4,011
$15,764
$19,044
$18,711
$18,640
$18,252
$23,872
$39,615
$36,449
$33,922
$30,712
$49,883
$39,975
102,290
92,442
93,971
93,785
139,182
223,824
Total
U.S. Total
24,075
49,705
61,899
60,166
58,652
55,047
74,236
(Continued on next page)
VALUE OP VARIOUS CROPS—MINNESOTA, MONTANA, NORTH AND SOUTH DAKOTA—Continued
(000 omitted)
RYB
1900
Mjnneosta
$435
Montana.. •
1901
1902
1903
1904
1905
$927
$930
$787
$1,055
$845
29
30
29
29
24
1906
$854
1907
1908
1909
1910
1911
1912
$1,079
$1,026
$1,368
$1,251
$3,501
$3,013
32
27
44
54
132
141
North Dakota.,.
34
146
207
158
249
208
204
227
281
272
81
454
406
South Dakota
11
239
283
282
318
296
280
336
330
341
363
99
162
$1,341
$1,450
$1,256
$1,651
$1,373
$1,674
$1,664
$2,025
$1,749
$4,1S6
$3,722
16,910
17,081
15,994
18,748
17,414
19,671
23,068
23,455
23,809
23,840
27,557
23,636
1911
1912
Total
TL S/*Total
12,295
POTATOES
1900
Minnesota
4
..
$2,591
Montana
340
North Dakota
753
South Dakota
Total
U.S. Total
1901
$49
9
1,451
$5,135
90,811
8,523
1902
1903
1904
1905
1906
1907
1908
1909 .
1910
$5,769
$5,466
$4,059
$5,513
$4,486
$6,004
$6,171
$6,440
$6,442
$15,008
$9,261
881
999
1,148
969
1,307
1,350
1,932
2,295
2,550
2,997
2,442
822
976
885
918
1,135
1,490
1,428
1,980
1,306
2,772
1,864
2,520
2,057
2,822
2,344
1,035
1,559
953
4,279
1,240
1,638
2,066
$8,507
$9,000
$7,045
$8,679
$8,168
$10,482
$11,597
$13,235
$12,355
$23,599
$15,911
134,111
151,638
150,673
160,821
157,547
184,184
197,039
206,545
187,985
233,778
212,550
@FedFRASER