The Washington times., 1922-09-10
A4sssssg BUSINESS. AND NAN GE 9F4Asasl F4Asas
FINANCE
- AND
BUSINESS
By B. Q. FORBES

Il ~ -. Os y ESAsA<@@><- L.
r. ~ &
All the money in America isn't IN
New York and Chicago and other pls
cities. q 4 I y, !, ~ 2
II may astonish you to learn that
the State banks and trust companies
In Utah have gained ;1ootoo 1000 ~,
sixty days. 49, IA '',e'sAe 4 Il
Those of us who think OF Utah and
Salt Lake city merely as the Pfc
turesqus home OF the Mormons have
a very inadequate idea Of utah's.
place, industrially. agriculturally and
minerally, In the Union. ~ y ~, 4, n,
Some facts concerning lutah.s ac-
tivities were given two days ago.
From an authoritative source have
been furnished these additional
facts and figures: ?
Financially. Utah Is better off 10.
day than at any time since deflation
set in. The Salt LIZ Ike City branch
OF the Federal Resero Bank is carry
ing the lowest total of discounts in
three years. Money. can be obtained
now cheaper than at any time since
the outbreak or the war.
Metal mines in Utah are coming
back with rush. The Tfntic dis
trict, with a record Of 100000. 900.
has found new territory that prom
ises duplication Of the old out
put. Park City. the worlds largest
lead and silver camp, after pro-
ducing $3.50. 200, 900, has found
new ground with deep ore bodies.
Big Cottonwood and the camp Of
Alta in Little Cottonwood boast q
number of shippers after much de-
veloprnent work. They are figur-
ing good profit. both because Of the
Pittman act assuring 81 silver for
two or three years, and the climb
ing price Of lead. r.., Z
Laborwise. a most unusual con,
dition has arrived in. Utah, Her
mines would produce much more
ore out, It is estimated that Utah
could use S,100 real miners at this
moment. e. g.. .
l. While Utah's metal mines In 1921
produced S22. 100000 worth of ore,
despite the fact that the copEers
were absolutely inactive, they will
this year produce over sac, ,000, 900,
exclusive Of coppers, now back to
81 per cent production. Utah was
the leading silver-producing State
in 1921. 1t will double Its produc-
ton Of 100000 ounces Of last
year.
For two years the copper com.
panies.I notably the famous Utah
Copper. have been practically idle
They are. now putting on men as
fast ais they can get them. The
smelters in Garfield, Murray, Tooele
and Midvale are working practically
all of their furnaces and are blowing
in the reserve as the increased flood
of ore comes down from the hills. A
Is per cent reduction In ore rates has
helped the industry, wonderfully
Bullion rates also have been reduced
and bullion Is coming forth. ..-
Salt Lake City expects this year
to regain its position as the leading
smelling district on the continent.
Coal production is Increasing
Utah's coal mines are nonupion.
\ Sugar beets in Utah are estimated
91.7 per cent in condition this year,
tie highest Of any beet-producing
State. Production Is estimated at
100000, tons. Notwithstanding that
acreage, has-been cut down because
of the drop in sugar, Utah will main
tain her place as one of the three
leading beet sugar producing States
of the Union. Eighty thousand acres
are devoted to beets and every acre
should produce a good profit this
year. Beets constitute one of the
biggest agricultural crops of the
State.z
Here's another interesting fact:
Millard county. ins the southern
part OF the State, Is producing the
finest alfalfa seed In the world. It
now goes to various countries. A
branch railroad Is about to be built
to these rich acres. The estimated
production for 1922 from four coun-
ties is 100000 pounds. This seed
commands a better price than any
other seed on the market because
brought to fruition under almost
ideal upland conditions.
The stock-raising industry is show
ing wonderful Improvement. The
estimated production for this year is
16 900 900 pounds. Prices have ruled
as high as rs per cent over 1921.
The dairy industry has shown re-
markab1e stridesl The State has
1875, 900 dairy cows, rs per cent more
than last year and 35 per cent more
than in 1920. Two big milk evapor-
ating plants are condensing 500. 900
pounds of milk a year and sending
1t to the far corners of the earth.
There is Statewide movement to
get the farmers to produce a million
hogs. The packing plants of the
State have agreed to take them IL
the farmers will raise them.
Utah has had an excellent fruit
year and has given a splendid yield
of vegetables. Canning companies
are working full blast. Output will
exceed 100000 cases Of canned
vegetables. while hundreds of tons
Of cherries, strawberries. peaches,
apples. .raspberries, strawberries and
small fruits of fine flavor will go out
A..N -. g..