The Coconino sun., 1927-08-12
BUSINESS AND CROP
SITUATION THRUOUT
ARIZONA PROMISING

The general business situation in
July continued relatively good, and
although the usual seasonal dullness
was noted in some lines the average
showed no appreciable change from
last year and Improvement over pre-
ceding summers Northern sections
have benefited materially from ex-
cellent tourist and vacation travel;
somewhat better market prospects
have contributed to more optImls-
tic note in mining and agricultural
districts; construction of all kinds re-
mains active, and natural conditions
for livestock are favorable. On the
whole, outlook for the fall and win-
ter is promising.
Cantaloupe movement from the
Salt River and Yuma valleys is prac-
tically over, with a record total of
more than 5000 ears shipped in the
past two months. The cotton crop
has made good grogress, with acre
age placed at 100000 against $4,000
planted last season, and price indl-
cations have been encouraging. In
creased acreage in alfalfa, wheat,
oats and corn, and decreases in cot
ton and barley, are reported IN pre-
liminary estimates of the u. S. de-
partment Of agriculture.
Range conditions were much inn
proved by general rains during the
month, and both cattle and sheep are
in excellent shape. There has been
little activity in marketing lines, but
prospects for the fall cattle move
ment are good, while the wool mar
ket has strengthened noticeably.
The advance of the copper market
to 13 1-8 cents was the months prln-
eipal development in mining, lead al
so moving slightly upward. Produc-
ton remains about the same as for
some months past, and new develop
ment work has not lessened to any
great extent.
An increase of more than So $780,
900 in total bank deposits in the state
in the past year was shown in the
consolidated report of the state bank
ing department covering the condi-
tion of all Arizona banks as of June
80. Checking transactions IN princl-
pal cities for July were generally be-
low those for June, and for July OF
last year.
The first government report OF the
season places Arizona's cotton acre
age at 10000, or 83 per cent of last
years, and the crop is generally re-
ported to be in good condition. Acre
age by counties is estimated as fol-
lows: Maricopa, $1,000; Yuma, 29,-
900; Graham, 5000; Greenless, 1,O00;
Pima, 5000; Pinal, 5000. The Mari
copa county acreage includes $4,000
acres of Pima long staple, against
10000 last season. First bales OF the
new crop have been ginned in both
Yuma and Maricopa counties.
Increased acreage Of wheat, corn,
oats and alfalfa, and decreasessin in bar
lev and cotton, are reported IN pre-
liminary estimates of the u. S. de-
partment of agriculture, forecasting
production Of principal field crops
other than cotton based on conditions
of July 1.
General rains over the states graz
ing area during July restored ranges
to excellent condition. Stock OF all
kinds is in very good shape, and with
fine lamb and calf crops, satisfaet-
orv markets during early cattle and
lamb movement, and ample supplies
of feed and water, the livestock IN
dustry promises to make good prog
ress this year.
Although there has been little mar
keting activity as yet, prospects for
fall cattle shipments are favorable,
and both fat and range cattle prices
have been we'll maintained Ship
inents to points outside the state dur
| ing the first five months Of this year
totaled 97,O19 head, with 6l,9O6