Douglas daily dispatch., 1927-11-13

to November L, and the gradual
revival. of the dairy industry has
been particularly encouraging for the
future. Lettuce acreage this season
is larger than ever before, totaling
about $1,000 acres. Movement from
Duncan has already started and Salt
river valley shipments will begin be-
tween the goth and 25th.
Conditions in the livestock industry
have continued favorable, with ages
good and stock in excellent shape.
The, bulk of fall cattle movement
is reported over and feeder prices
have been the best in some years.
Mining, however. shows Eotle change,
with production maintaining about
the same rate as during the summer,
but with considerable activity in new
development.
Construction of all kinds has re-
nlained especially active over the
state. Building permits in Phoenix
and Tucson for the first ten months
of this year exceeded all previous
records. During the month new
100000 hotel was completed and
opened at Prescott; another is near
ing completion in Mesa; third is
under construction at Nogales, and
fourth is being started at Douglas
with rapid progress also being made
on another, of seven stories, in Phoe-
nix. Among the large developments,
the Lake Pleasant dam, which will
irrigate the $4,000 acre Beardsley pro-
ject in Maricopa county, being de-
/ veloped by the Pacific Development
company will be formally dedicated
on November 10. Pouring of cement
/ is under way on the Coolidge dam
of the $5,500,O0O San Carlos project
which will irrigate 100000 acres in the
Florence-Casa Grande valley, and q
canal construction for the Roosevelt
irrigation district of 10000 acres west
of Phoenix has been begun
Reflecting the steady Improvement
in banking conditions which has been
apparent for the past several years
/ a report Of the state banking depart
! mentl covering the condition Of all
banks as of October 10 showed total
bank deposits in the state as $73, ,567,
| 203. 81, compared with $61 ,6T4, ,419 27
three years ago, the last year in
which a report was issued on the
same date. Loans and discounts
amounted to $42,411.3 .3O9.16, against
sac, ,763, ,323.99, and total resources ag-
gregated $S5,3O79 9O5.08, compared with
74,Ge4, ,400.23 in 1924.
Checking transactions in principal
cities of the state, as reported to the
Arizona Industrial Congress, were
above those for September in every
case except one, and also were gen.
orally above those for October of last
year.
Agriculture
Favorable progress of cotton and
lettuce have been centers of interest
in the agricultural districts Cotton
picking is going ahead steadily, and
up to October .18 ginnings in the
state were 28,63O bales, nearly third
of the total production of $4,000
indicated in last estimates. Prices
for both Pima and medium staples,
and for cottonseed have been good.
Lettuce acreage this year shows
another large Increase, 1900 acres
being reported in the Salt river
valley, 5000 at Yuma, 500 in the
Stafford section, 300 in the Florence
Casa Grande valley and 200 at Dun
can. Shipments from the last named
district have started and movement
from Stafford is now beginning, While
the Salt river and Florence Casa
Grande valleys will begin shipping
soon after the Goth. Movement from
Yuma will start next month. The