The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-07-02
N
OUTLOOK RISING,
DALLAS BANK SAYS
Southwestern Agricul-
tural and Livestock
Conditions Returning
to Normally

Increasing confidence In bust
moss. agricultural and i've stock
conditions dominates in the south
west and q steady Improvement IN
the trade and crop outlook In tho
section has occurred a. a result ~
this steadily rising optimistic
opinion, according To the Jun. bus
iln"Hs review OF the Federal Re
serve Bank OF Dallas, Texas. H..
rued yesterday.
The hest progress In the line
OF Industrial recovery. the report
tthies, lis from the western part
81 the Eleventh district where the
activity Of N" copper Industry II
rapidly approaching normal pro-
portions A. @ result Of the in.
proved demand for that metal
crop conditions In th. southwest
haN" been affected adversely either
4 hy excessive or deficient rainfall
but a slow Improvement has oC-
tcurred according to the review
In New Mexico the latest ndvicps
20 the Dallas Reserve bank officials
stated hat the situation IN the
northern part Of the state was
~satisfactOty to q fair degree. al
though rain IN badly needed IN the
other portions Of IN. state Tn
%favorahi" reports were received
from the SuuthwrStcr sections of
Arizona and New Mexico In live
stock conditions where rain Wa
reported ~ badly needed on the
rauFes
Wholesale trade continued tu
"Nince a li"ly huyinE demand
aud the appearance IT forward or
dsrs. h rcNlew states though
rtther limited ln number and yUl-
urue furnishes u rsassuriug owl
denc" Of confidence on IN. part
ID retailers In the outlook for q
futisfactory summer and fall bus
mess
Pubic spending declined dur
ug the period ~ May - to June
which the review covers IN
Hmparsun with the statistics ui
thr previous month and cuns"
uu"utly there was mo- so large %
Volume 81 transactions ia bank
n heck currency Ar q cunruml-
n liant result. IN" charges TO drpusi'
tors accounts declined IN" May
\ figures showing O. total ~ tl2N
II tGl 600 IN comparison with slAis-
III ! s0OO In April In Albuqu"rqu"
. his condition did not arcur as in
May the charges to the d"positurs
fhhElN lhlhAlFA NsH'fas N'N "a
compared tu tistg o IN April
savings Deposits Incrra-'
III 4 substantial Increase IN saw
n uu- deposit. iu the district ~ re-
xported " i9j hanks which CON
d IuCi savf1Es departments va.
4huwn by the returns In May the
4nNIngs deposits registered a total
~ So. SOC gGi as compared 800
46iIOC IN April Tine three bank.
n this city having savings depart
= m.nt- reported an Increase - 20
per cent IN their deposits. Inc MIS
tIs75f3s ss ihf ~dspbritsd In Aav-
lnE- aCruuntS while 90 April th'
total wa- tl57- ita
credit conditions remained
practically unchanged The re
YNlrw reads. tn. seasonal increase
I the loans uf th. Federal lie.
crr,e Bank ~ Dallas which usual,
y occurs during tho month 81
May. Wa runsplCuuu-ly abreUf
due In part 20 the Cnufiuue POL.
les that dominate industry and
EuHdc and IN part io the cuntiu-
we'd financing 81 IN" livestock and
4 fricuiturul interests by the War
Il Finance Corporation Their" WIS
considerable d.cllu" iu failures
\ NJ commercial enterprises during
the month Of May in the district
Il b. ghty- four commercial failure
|With total liabilities OF t-ltaHfl
III were reported Ter May In cumparl.
Fon with lt1 and liabilities ~
Sc. 3Ol during the pruviour
II month.