Imperial Valley press., 1925-09-08

IS progressing rapidly. The yield
as hghter than was forecasted. but
the sugar content is high. The al
falfa and hay crops remained in an
exceptionally good midsummer con
dition. The bulk Of the grain crops
mas generally been sold at higher
prices than at any time since the
fore part of 1921. Cotton picking
started in the early districts and in
dlcatlons point to better yields than
last year. Cattle were marketed in
large numbers at higher prices than
have prevailed since 1920. Feed for
livestock continued to be plentiful
IN California. Southern Arizona
ranges were materially improved by
August rains.
Business Improves
The volume of business for Aug.
iust was generally in excess of July,
1925. and of August. 1924. Improve
ment was marked in agricultural
DISTRICTS. Business in the metropoli-
tan area and continued to be char
acterized by special sales. Construc-
tion activities for the wear 1925 to
date have exceeded the correspond
ing period of 1924. The total value
of August building permits, however
will probably be less than for July.
There has been no marked change
in industrial operations during Aug
uSt. Canneries have been operating
ut or near capacity of fruits and
fish, and packs viii eXoasd last
year s. The supply of Ebor has been
adequate and unemployment contin
ued to approach minimum. The
outnut of petroleum increased
slightly. Gasoline and fuel oil price
reductions in the east were partially
reflected on the Pacific coast.
Money Hasier Here
The seasonal demand for money is
being taken care of without diff
Guilty. The easy money situation is
encouraging to legitimate enter
prise. The citrus belt district has
n particularly easy money condition.
There has been a substantial caaing
Of monev in the Imperial Valley rs
compared with the tightening ten
dcncy of last spring.
Investment Market
The bond market has continued
both active and firm during tn"
past month, partly q reflection of
continued eaSv money conditions
and partly of the recent diminution
in thc sunnlv of new offeriros,
Slightly rising prices and expansion
in the volume of trading in old is
sues towards the latter mart of tho
mouth gave evidence that the So
called summer slumn in the bond
market had been checked.
Settlement of the Pclgiu"r debt
nrohlemS had q favorable cffcot on
foreign bonds, BELGIUM bonds being
e'renethencd and some of the
French issues attainino new hioh
nriceS for tho year; han'tcrs hol1ino
that the effect &C the fr"0ino
oorpement would he TO ""oed nm
debt settlements of other Euronoan
countries and in turn, give access to
new private loans.
The averaoa nrico Of 10 leadinn
oornoratior bonds showed sm"G)
increose during tho past month.
rcachinQ 91 az on Au"us+ o5t' as
aoainst o1.77 on Annust I Those
nrceS comnnre with the HIGH for
tto veHr of 90 % which woS ott"i"-
ed ON .rrre q and the low Of 90. co
ON ,Jaruarv o
Banking Continues Good
| F;nancial conditions oo"'i""n
GOOD throrohout the Pacific South
west territorv. DepcSits ~" show
! ino . oorStaNt ;ncroHso Tho zoo
sonal demond for credit hos heon
ncr',>ol. Erternrioos Oro"orl'r "0"-
ccived ond rlanaro1 orc h0vin" No
idifficr'tv in obtaining financial
sunnott
The morev situation * castor th" =
, ot anv timo for several wears most
! 4 narticulorlv oasv monev condition
twists ~ the citrus hclt oS n rne"'t
Of excellent prices for citrus fruits