The Winslow mail., 1924-12-26
STATES BANKS
SHOW GREATER
DEPOSITS And
SMALLER LOANS

Arizona in November, and indications
point to a good winter season.
Agricultural activities have been
aided by favorable weather, and win
ter lettuce movement has begun. Cot
ton ginning is nearing the end, a
crop of between $4,000 and $4,000
bales being indicated.
Range conditions remain unsatis-
factory for livestock producers, and
no Improvement is shown in cattle
markets. Wool continues to advance,
however, and contracting for the 1925
clip opened in the state at so cents
a pound.
The copper market made another
advance, closing November at IA cents
pound. Little change is apparent
in Arizona production Greater con-
fidence is reported among silver pro-
ducers.
Increases around $1,500,000 in de-
posits and decreases of close to 3d.
900, 900 in loans were shown by banks
of the state in reports as of October
10, compared to September A. 1928.
Checking transactions in principal
cities in November, as reported to the
Arizona Industrial congress, generally
exceeded October figures and compar-
ed we'll with those for the correspond
ing month of last year.
Agriculture
Weather during the past month has
been favorable for agricultural actiyi-
ties OF the late fall. Lettuce, peas
and winter truck crops in the south
ern valleys have done well. Grape
fruit is showing an excellent crop,
and oranges are of good color and
high sugar content
Arizona's cotton season is drawing
to a close. Ginning is practically fin
ished in the Yuma valley, 20100 bales
being reported up to November 80.
On this basis the crop in that section
will average around a bale to the acre.
Yields were somewhat below expecta-
tions in the Salt River valley. The
states crop is still estimated between
$4,000 and $4,000 bales. Prices have
been below last years.
Production Of grain sorghums in the
state is placed at 980,000 bushels,
figured on a grain yield basis. Late
planting accounts for a lower aver
age Y1GlQ per acre lldll lt0I yGdl- / 1IS
state corn crop is estimated at $685.
600 bushels.
Lettuce shipments have started
from the Salt River valley, with in
dications that the crop will be moved
before the new year is far along.
Yuma will begin shipping in Decem-
Der, and prospects are that the Ari-
Zona winter lettuce will be we'll clean
,so1 Ua1
starts shipping in volume. Early peas
also are being shipped
Winter pasture in the irrigated val
leys continues in strong demand.
Preliminary work on the San Carlos
dam, which will irrigate between 80,
600 and 100000 acres in the Florence
Casa Grande valley will begin early
next year, according to an announce
ment made during November. An
equally interesting development in
that district was the completion on
November 10, of the transmission lines
which will supply electrical power
for pumping operations, about 100000
acres being affected, including lands
which later will receive water from
the storage project.
Livestock
The livestock situation in the state
continues to be characterized by un-
satisfactory range conditions, poor
cattle market, and strong and ad-
vancing wool market.
Ranges showed further deteriora-
tion during November, but stock has
held up rather we'll, favored by mild
weather Cattle have been shipped
to feeding grounds from some sections.
lol.- -
usual have been reported. A little en-
couragement has been forthcoming
from rains in California.
Cattle feeders in the Salt River val
ley estimate there are around 10000
head of cattle on feed in that section
of which $4,000 head are she-stOck
and the rest steers. A considerable
additional number, probably totaling
in the neighborhood of $4,000 head
largely COWS, are being held on pas
ture until moved elsewhere.
Movement of sheep from the north
to winter feeding grounds has been
held back, owing to insufficient feed
and water on desert acreas resulting
from lack of rain. At present about
half the usual number of sheep are
in the valley and adjacent foothills,
the rest being held in the north for
movement around the end of the year
Most of this latter number will move
by rail Present indications point to
about 10000 head of lambs available
for spring shipment.
The wool market maintained it's
steady advance, contracting for the
1925 clip opening in Arizona at so
cents a pound. Prospects are for a
strong market for several seasons to
come.
Mining
The copper market advanced an
other half-cent pound during No
vember, finishing the month around
II cent level. Both foreign shipments
and domestic consumption of the
metal have been at an unusually heavy
rate this year, and with prospects OF
the heginning of economic recnNerN