The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1921-08-04

including metals, in the 1Welfth iea-
eral reserve district, John Perrin.
chairman of the district board, SAID
in a regular monthly statement sub
mitted today to the federal reserve
bank Retail prices are beginning to
show declines commensurate with
wholesale costs, the report said.
The yield of declduous fruits gen
orally this season Is shown to be
less than a year ago, but the demand
for fresh fruits in Eastern markets
Is above normal. The movements of
oranges and lemons is exceeding all
previous records. Fruit Gamers Will
pack only from forty to seventy-five
per cent of last years figure. because
of falling off of orders.
Building operations throughout the
district continue to exceed those OF
year ago by wide margin. Average
reductions of 81 day have been made
in wages OF building workers, while a
thirty per cent increase In building
permits have been noted for the first
six months of 1921 over similar
period last year.
The steady decline in bank clear
ings of twenty principal cities which
began in October, 1920. was arrested
during the past month, the figures for
June showing six per cent increase
over the May clearings. Financial
conditions were said to be good in
the western sections of Washington
Oregon and California, throughout
Nevada and the vicinity of Prescott,
Arizona. Fair" financial conditions
exist in the Sacramento and San Joa-
Quin valleys and the fruit raising dis
tricts of Washington and Utah. FIJI
nancial conditions are poor" in the
broad area stretching from eastern
Oregon and the dry farming country
west of Spokane through central and
southern Idaho. Utah and Arizona.
exclusive of the Prescott area.
Cattle, rice and lima beans have
fallen below their pre-war levels.
Barley. beans. copper. cotton, lambs,
hogs wheat and wool are said to be
approaching the 1913 and 1914 levels.
Lumber and petroleum continue to
bring prices considerably in excess of
the pre-war returns.
Advances in the prices of beans,
copper, cotton and rice have occurred
since their low points of the present
readjustment period. sharp upturn
in wool and wheat prices have been
recorded. Total wheat crop for the
district Is estimated. as of July /. &c
be Ia ,46l 900 bushels. compared with
105,671 900 bushels produced in 1920.
Holdoyer on July l is estimated to be
ten per cent of last years crop in
Washington, six per cent in Idaho,
and four per cent in Oregon, total
of 6,044000 bushels in the Pacific
Northwest. Flour mills in this dis
trict increased their output during
June to forty-two per cent of capacity.
compared with thirty-four per cent
in May and sixty-three per cent In
June, 1920. due to the increased activ-
ity of California millers. Washington
continuing to produce at the same rate
and Oregon and Idaho millers eurtail-
Ing production.
The California crop of berries of
all sorts is estimated to be slightly
smaller than last year. Strong winds
of high temperature in the Sacramento
valley caused loss in the pear crop
estimated at 5000 tons. A small
amount of fruit was sunburned by
prevailing high temperatures In
Northern California during the second
week of this month, but elsewhere IA
vorable growing conditions are re-
ported.
In Washington 25,125 ton peach
crop is predicted compared with 1913
tons last year when the crop was
poor, and crop OF 30,333
tons of pears Is forecast, compared
with 1872 tons In 1920. In Oregon
the peach crop Is again reported to be
a failure and the pears to be equal
to the ten-year average In Oregon and
the yields of all berries
are reported to be about fifty per cent
greater than last year, and the sup
plies now going to markets are tenn
porarily in excess of the combined
demands of the fresh fruit market
and the Gamers.
Despite decreased yields of decidu-
GUS fruits this year, shipments out of
California have been considerably
larger thus far than those of last
year, rejecting both the weakness OF
he local demand from Gamers and
he curtailment on account of spring
rosts, Of green fruit yields In the
middle West. Railroads of the state
ave amply prepared for the in
,reased traffic.
Gamers Of fruit in the district will
Jack considerably less than last year
n California, the forecast generally
s from fifty to seventy-five per cent
II the 1920 pack. and in Oregon and
where the industry Is
ess firmly established. the reduction
will probably be greater.
Range and pasture conditions for
"A