The Coconino sun., 1925-07-17
FLAGSTAFF BANKS MAKE
BIG JUMP In CHECKING


ST Flagstaff, 4 seventh in June, 1924
among the cities of the state in blink
i checking transactions, jumped to third
I place in June, 1925, tile. only. towns
leading us being Phoeaix and Tucson.
| Flagstaff last month was about $780,
900 ahead of Prescott. Comparative
/ figures for Flagstaffs Inne o74. ST.
895, 5,886.95; June, 1925, $4,364 ,f05.
Business conditions IN the state
held good level in June and seasonal
dullness incidental to the beginning
of summer was much less noticeable
than usual. The general situation is
characterized by stability, and while
no boom" should be expected, the
outlook is favorable.
First official estimates place the
states cotton acreage at 163 900,
somewhat under last year. The crop
has made good progress. Grain and
hay yields have been good Grain arid
potatoes in northern sections have
benefited from showers. Up to July
s more than $50 cars of cantaloupes
had been shipped from the Salt River
valley, with total movement Indicated
as close to 5000 Watermelon and
scanta1oupe seasons in the Yuma valley
were favorable, and first threshing Of
alfalfa seed has started there M
General rains the latter part cf the
month were extremely valuable to the
livestock industry, and relieved range
and water conditions to a considerable
extent. More precipitation is needed
in some sections, Spring cattle
movement was retarded by the con-
dition Of stock, though prices held
about the same level as year ago.
Sheep are in good condition, and fat
lamb shipments will begin presently.
No wool sales have been reported.
The copper market scored a frac-
tional advance, and basically is in a
good position. Much development
work and several important improve
meht programs continue. Interest in
asbestos has been revived by the adj
vancing market, and several more as
bestos properties are now operating.
Construction operations remain ac-
tive. The new main line of the
Southern Pacific viii be finished early
next year. The $4,400,000 Horse Mesa
power dam is started. Preliminary
work on the San Carlos dam, which
viii ifrigate $4,000 acres in the Flor
ence- Casa Grande. valley is we'll
along, and the Sacatof1 diversion dam
finished. The Roosevelt Water Con-
servation (auxiliary eastern) district
has voted a bond issue of ST 100000
to complete its 40,000-acre project
east OF Mesa. Development of sew
eral new reclamation districts is in
prospect. Building construction in
several cities is particularly brisk.
Banking transactions in prime pal
cities of the state as reported to the
Arizona Industrial congress exceeded
fieIle for both June, 1924 and May
this year This latter fact is note
worthy, as June checking transactions
usually fall below May figures with
advent of. summer. and is Indicative
of the general trend.
Flagstaff Makes Big Jump
Banking transactions in principal
cities of the state during June not
only exceeded corresponding figures
of last year, but in most cases showed !
increases over May. This latter fact
Is unusual III that beginning of sum
mer ordinarily brings June checking (
below those for May. \
Conditions Improve
Light to heavy rains over most Of
The states grazing area were the I
main development of the month in
livestock circles. Although light and T
spotted" in some sections, the pee-
,ipitation replenished water supplies
and improved range conditions ma
Lerially.
The spring marketing season for /
.attle was not particularly successful.
Prices have been at about the same
evel as a year ago, but deliveries
we're curtailed by the condition of
took Feeding was necessary in
many cases, and large number OF
cattle were shipped outside the state,
and to the irrigated valleys, for feed
n.y. Further range Improvement will
render the fall season more favorable.
The fat cattle market, after holding
/ very satisfactory level, was depres-
sed somewhat by weather conditions
n California which forced movement
here, but operations of the coopera-
i've marketing association are credited
With preventing the decline from pro-
.eeding.