The Winslow mail., 1924-08-15
BUSINESS WAS
GOOD DURING
MONTH JULY

Arizona business in July was char
1aeteristic of the season, with the usual
summer dullness in many localities
The general level compared favorably
with the same month of last year, not
withstanding slight decreases reported
in some lines.
The agricultural season has made
excellent progress. Cotton is doing
well, and with fair market should
bring value of the states farm pro-
duction to 40,O00,0 900 this year Grain
and hay harvests have been satisfac-
tory, and the cantaloupe season was
unusually successful from the produc-
tion standpoint, although repturns
were not good.
The livestock industry is in the dull
season between spring and fall move
ments. Cattle shipments were below
normal the first half of the year, and
fAil movement will depend to a con-
siderable extent on whether the drouth
in California is broken before winter.
Sheep men have had a good lamb mar
ket, but the wool market continues
slow despite favorable underlying con-
4ditions.
The copper market turned upward
in July, advancing from IL 1-2 to 13 IA
cents a pound No changes are ap-
parent in production. The state s
1924 mine output is expected to be
about the same as last year, but its
value probably will be lower. Cop
per, gold, silver and lead produced in
Arizona last year had an aggregate
value of 100000.
Basic soundness of conditions in
Arizona was reflected in bank re-
ports made to the state banking de-
partment under call of June 80, show
ing a gain of $1,000,000 in deposits
and a decrease of nearly $2000,000 in
loans from a year ago, which in turn
had shown decided Improvement over
the previous year. Checking trans
actions in principal cities of the state
as reported to the Arizona Industrial
Congress compared well with June,
and with July of last year.
Both Babson and "The Nations Bus
iness" map of the nations business in
adicate that Arizona is in particular
ly favorable position as compared
with other states, and future progress
may be guaged from the many prof.
,ects which are assured during the next
few years, including the new South
.ern Pacific main line to be built at
cost of $15,0O0,OO0, the $4,400,O 900
Horse Mesa dam of the Salt River
ot
San Carlos project to reclaim 100000
acres in the Florence-Casa Grande
valley, completion of the Santa Fe's
SIS 900 900 double-tracking program
and others.
Livestock
July is usually a dull month In
livestock, and proved no exception this
wear. Some cattle were shipped from
Yavapai county on late spring sales,
with more to follow in August, but
otherwise there was little activity.
Movement of range cattle to points
outside the state during the first halt
of the year was below normal, ship
ments amounting to but $4,000 head
during the first five months. An
other $4,000 head were shipped to
4ditions in California, coupled with the
fact that northwestern buyers are
still restricted by credit facilities
were the main factors, and the out
look and fall shipments hinges to a
great extent en- whether California re-
ceives early fall rains. Continued
douth on the coast will cut sales to
that market, which ordinarily takes
the greater part of Arizona's range
stock for feeding.
Sales of fat cattle also have been
hampered by the drouth, California
packers buying stock in their cwI
state in an effort to relieve conditions
However, the middle of fall should see
Arizona beef cattle again in demand
on the coast, and feeders are holding
firm with that end in view.
Although summer showers begar
early, rains thus far have been gen
orally light and decidedly spotted
with the result that additional precip
itation is needed to assure good range
conditions, as feed is becoming shor'
and water low in some sections. STOCK
has held up very WELL however.
The lamb market shows continued
steadiness. but prices are not so higf
as a month ago There is some worry
over the fact that no contracts hav,
been made yet for feeder lambs, which
are usually all contracted by this time
The high price of corn and droutl
conditions in the northwest undoubt
edly will throw lot of cheap lambs
on the market, which accounts fOl
feeder buyers letting Arizona alone.
The Boston wool market is showing
a little strength, but no sales D
western wool have been made fo
some time, owners preferring to hol(
for a chance of prices coming bacl
to the spring level.
Railroads
Arizona's steady progress is re
flected in the announcement of Will