The Coconino sun., 1927-07-15
Arizona Business Good But So
Far Not Up To 1926 Record

Business conditions have been
maintained at fairly good level over
the state, and while the usual sea-
sonal influences have been felt in
southern sections the situation COM
pares favorably with former years.
Tourist and summer vacation travel in
northern Arizona have made an ex-
cellent start.
Cantaloupe shipments from the Salt
River and Yuma valleys are now in
full swing, and record movement of
about $500 cars is expected. The
melons are of excellent quality, COM
manding highest prices on eastern
markets, and while the market thus
far has not been especially favorable
some improvement is looked for with
the decline of shipments from the I'M
perial valley. Up to and including
July 5 896 cars had moved from the
Salt River valley, and the Yuma dis
trict shipped 481 cars to June 30 Cot
ton is reported in good condition, and
although it has been held back some
what by cool weather stands are gen.
orally good.
Ranges have remained in good con-
dition in spite of the lack of precipi-
tation during the greater part of the
month; however, some rain fell dur
ing the last week or two, and was of
considerable benefit. Live stock has
continued in very good shape.
A slight further decline has been
felt in the copper market, which
closed the month at 1914 cents a
pound. Otherwise the situation re-
manned practically the same, with
new development work still active
among a number of smaller proper
ties and production of the larger
mines unchanged.
The most important event in new
development lines was the completion
of the Horse Mesa dam of the Salt
River Valley Water Users association,
on the Salt River below Roosevelt
dam. The 10000 horsepower hydro
eelctric plant at the dam is operating
at full capacity, the first water going
over the spillways on July /. Build
ing construction has continued very
active, with prospects that the year
will exceed all previous records. An
other important step in tourist devel-
opment has been taken with award
ing of the contract for erection Of a
100000 bridge across the Colorado
river at Lees Ferry, north of the
Grand Canyon, which will make pos
sible a main highway linking the
transcontinental routes through Utah
and Arizona and open much new
country to motor travel. This bridge
when completed will be the highest
suspension bridge in the country.
Banking transactions in principal
cities of the state, as reported to the
Arizona Industrial Congress, we're
slightly below those for May and for
June year ago.
The usual summer quietness in the
live stock industry became apparent
in June with the close of spring cat
tie movement. Figures for feeder
shipments are not yet available, but
apparently movement was about
normal, with prices above last year.
One or two sales for fall delivery
have been reported, but it is too early
for any real activity in that direction,
and the fat cattle market has weak
ened a little, as is, common at this
period. Stock on the ranges is in good
condition.
Ranges have held up very well and
recent showers have been of benefit to
several sections where feed had de-
Perforated under sustained winds.
Water supplies are sufficient for
summer use, and anything like nor
NAL summer rains will quickly restore
conditions to a high average, as all re-
ports available indicate that feed IS
still ample for present needs.
Sheep have returned to northern
grazing grounds in excellent shape,
and conditions on the whole have been
very favorable this year. Early lamb
shipments were completed before any
decline in prices began, and indica-
tions are that the market will
strengthen again before summer lamb
movement is started. Wool has shown
increased activity, with prospects Of a
r,nnra satisfactory trend in quotations.