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Show JULY RAINS AID TO CROPS AND RANGE Business Conditions Generally Throughout Utah Are Satisfactory in Opinion of Bankers and Investment Men. i Throughout the state the past week have occurred beneficial showers, and the husbandman, in consequence, is rejoicing over the fact thnt the storms have materially helped the ranges, nnd added tens of thousands of dollars to tho final harvesting. Early harvesting is now under way, beginning with the early fruits, the first crops of alfalfa, the dry farm grains, nnd soon the spring sown cereals will be yellow, ripe for cutting, with the great sugnr beet fields, potato and other late fall crops coming In due season. The late crops arc the principal bcncflcinries of the tnrdy July rains. Relative to the results of thu recent storms, Thomas A. Blair, the temporary head of the weather department nt Snlt I.nke City, says: "The frequent thunder showers occurring throughout the jstnte during the past two weeks have caused considerable Improvement Im-provement in the condition of crops nnd ranges. Cattle on the ; ranges arc still in good condition in some localities. In others only ; fair. Fall wheat and the first crop of nlfnlfa arc now mostly cut, ; and the second crop of alfalfa is growing rapidly nnd is in excellent condition, except thnt damairc by jrrnsshonnerB is reported from sections in Junb, Millard and Uintah counties. Utah county reports re-ports beets and potatoes doing well." Two new creameries for Utah and orie for Wyoming arc promised prom-ised by the Mutunl Creamery compnny, the work of construction to begin nt once. One plant will be erected nt Randolph nnd one nt Inkctown, both in Rich county. These creameries are operated under the co-operative plan, with the farmers sharing in there-suits. there-suits. It is said that stock for the new plants has already been fully subscribed. ' Work will soon be inaugurated on n proposed new $750,000 sugar factory to be erected at Smithficld. The railroad company has already agreed to lay a spur to the site to be ready to receive the first consignment of the heavy machinery. The interurban will construct a number of branches to the factory for the accommodation accom-modation of the sugar beet raising farmers. With the contemplated contempla-ted additions, It Is said that this new factory will require an outlay out-lay of nine hundred thousand dollars. BUSINESS OF COUNTRY IN GENERAL. Business throughout the state Is reported just fair for these midsummer quiet neuhoiml times, with prospects good for the coming com-ing fall and winter, in spite of the fact that it is a presidential election year, which U normally an off time for most lines of business. busi-ness. Relative to the conditions in general over the country, tho Boston News Bureau says: "No complaint can be made over financial conditions or prospects. pros-pects. The money situation continues to show distinct case nnd (he permanence of the easier tone is foreshadowed by the disposition disposi-tion of the banks to buy paper again. The French note sale was n big success and more talk is now hoard of the approaching new British loan to be based in all probability upon the deposit of American securities, Russia is expected to enter the American market again as soon as thc,lnst $50,000,000 Issue is thoroughly digested. In short, Europe seems likely to finance on this side ns often ns she can. "The United States is assuredly the world's banker nt the moment, mo-ment, whether that position can or cannot be maintained when pence returns. Secretary McArioo points out the strength of the position by citing tho $2,271,000,000 increase in national bank resources from March, lfllC, to March, 1910. Four New York banks are now among the world's largest twenty, the National City ranking sixth. Obviously, America is out of its financinl swaddling clothes nnd after the war should be strong enough to foster Americnn trade abroad. "Of course the new loans mean new buying, but more than that they mean that the war is likely to continue well into next year. Demand on the part of Englnnd and France for Inrge shells with deliveries practically into the spring of 1017 Indicates that the allies believe the tremendous conflict will Inst beyond then. The expenditure of ammunition on the recent drives is stnted by military mili-tary experts to be several times greater than thnt of the big drive last spring. "A long war, however weakening to the countries engaged In this connection it is worth noting that the British expenditures nre now $30,000,000 n day will automatically postpone nny readjustment re-adjustment to world wide competitive peace conditions. It will mean a new lease of life for the munitions companies and a fresh demand for metals. A long war, deplorable as it may be, will still further entrench the United States in the world of commerce and finnnce." |