The border vidette., 1926-02-27
STATE FACING GOOD YEAR

With general business lines
subject to the usual seasonal in.
fluences but holding q level rath.
er above that of q year ago and
production of the states basic
industries for the past year
showing an increase in value
over 1925 Arizona has entered
the new year under favorable
conditions and with firm found
alton for continuing its era Of
progress, declares the Arizona
Business Review for January,
1926. just issued by the Arizona
Industrial Congress. Continu
ing, the publication says in sum
marizing the general situation:
THE feature of the month in
agricultural activities was the
prospect that cotton ginnings,
now nearly over, would exceed
the previous seasons crop in
spite of decreased acreage. Gin.
nipgs to January Is we're 1O2, ,552
bales with a final total of 110, ,OOO
in sight, against 107. .OCO last
year. Scattered lettuce ship
ments continue from the Salt
River valley, wipter movement
having exceeded $500 cars, ard
1000 cars are expected from the
spring crop. The increased cot
ton crop over previous forecasts
confirmed estimates that the
states agricultural production
for the year would equal the 1924
total of $25, ,UO0, 600.
In the livestock industry con
ditions of both ranges and stock
continue favorable. Outlook for
the spring cattle movements is.
excellent, contracting having
started at higher prices than a
year ago, and sheep shearing is
becoming general. Value of
cattle and sheep on Arizona
ranges showed material ad
vance during the year, though
the number of cattle declined,
and the valuation of the in
dustry's production for 1925 is
estimated at IA. 400 GOO cattle
shipped and slaughtered re
presenting So, eco, 0Go; sheep and
lam bs shipped and slaughtered,
3,COO,C0O, and wool shipped
81, 100000.
The states mine production
last year showed a material in.
crease, copper output setting a
new peace time record of 725,
100000 pounds, according to
preliminary reports of the u. S.
Geological Survey. Total value
of which copper represented
$1O2, ,298, ,OOO; silver, 5000. 900;
gold, 81, l35 ,0CO. and lead 81, ,O83,.
600. January's main develop
ments were preparations for re-
opening of the Humboldt smelter
of the Southwest Metals com
pany the first of February and
announcement of a $5OO.COO i'm
proven ent program by the
Magma Copper company at
Superior.
In the absence of detailed
figures production of the Arizona
lumber industry for last year is
estimated at S., 900. .0C0, bring
ing the total value of production
in basic Industries to more than
$168. 700, 900.
Banking conditions also show
ed Improvement during 1925.
The state banking departments
summary of the condition of all
banks in the state as of Decem,
Der 81, 1925. gives total deposits
as $40, ,21O.314, an increase OF
So, ,513, 347 for the year, and total
loans and discounts as $43, 1873,
O95. Checking transactions in
principal cities. as reported to
the Arizona Industrial congress
for the Business Review were
generally below December to
tails. but in a majority of cases
exceeded figures for January of
last year.
Good progress continued on
the various large construction
projects under way in the state,
including the $15,0O0,0O0 new
main line of the Southern Pa
cifc, the $6,OOO,OOO teaching
plant of the Inspiration Consoli
dated Copper company; the 4,
OOC, 900 Horse Mesa power dam
of the Salt River Valley Water
Users association, etc. A new
addition to the large construc
ton expenditures planned for
this year was indicated in re
ports that the Santa Fe railroads 8
budget includes $4,000, 900 for
| ko ~ ho n n