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Show TIE COflTK AREEiOUHG National Copper Bank Letter-Has Letter-Has Timely Discussion of Business Situation. Tho monthly financial and trade litter lit-ter of the National Coppor hank for June contains a comprehensive review of crop and financial conditions, with especial reforenco to tho west. Regarding' Regard-ing' tho crop situation and general trade conditions, the letter soya: The governmont crop report for Junn states that In every western stato crops are better than the average, aver-age, fruit prospects taking the lcnd-lnsr lcnd-lnsr place In tho middle west the situation, while not so oxcoptlonal. Is steadily Improving, and oate spring wheat, hay, corn and tho small fruits are likely to yield well. Even the cotton crop, bo heavily damaged by early floods, la llkoly to ho greater both In acreage and yield than was first estimated. General trade conditions are growing grow-ing a little stronger, and tho steel trade Is very active indeed, so much so that some of the mills are not kecplnjr pace with tho business offered. of-fered. Tho most active dcrnajid comes from tho railroads, which are ordering order-ing a great deal of now equipment both by way of replacement :ind to handle anticipated new business. Tho building total for May was over $00,-000,000, $00,-000,000, a month's record -which has been equaled only three times pro-vlously. pro-vlously. a Tho following is offered regarding western railroad Improvements: The twenty-odd millions to be spent by railroads In Utah and Tdsiho, the 55CO.O00 being put Into power and lighting equipment locally, the largo amount of bufldlncr going on throughout through-out the clt the construction of a. road from Salt T'Ucc to tho coal fields of Emery county, and other development? develop-ment? planned, aro evidences that Salt l.ake City Is taking Its part in. the general Increase of business activity. ac-tivity. The opening of tho Strawberry irrigation irriga-tion project calls for mention, in part as follows: July 2 there will be celebrated at Spanish Fork tho "holing through" of the Strawberry tunnof, which Is tho largest unit of a system designed to Irrigate additional land In Utah county by means of water stored at tho head of Strawberry river. Tho total drainage area Is 85 square miles. The reservoir Is located In a natural ba.sln high In the hills and about forty mllos from the land to be watered. It happens that this basin Is very cold throughout the year, a fact which has greatly increased in-creased the difficulty of the constructors, construc-tors, but which also will increase the value of the reservoir, once It Is completed, com-pleted, since the evaporation Is brought to an exceptionally low flg-tire. flg-tire. It covers an area, of 8200 acres and has a capacity of 270,000 ocro-fect. ocro-fect. A dam 490 feet long and 71 feol high, stopping a gap between two hills. Is Its only artificial portion. By means of tho great tunnel Just completed the water Is carried through tho mountain to a point from which, by natural courses, it finds its way into the Spanish Fork river and is diverted into tho canal at a point not far from the city of Spanish Fork- The system will take care of about. 70,000 acres lying on the shores of Utah lake about Spanish Fork and Payson. Water rights will cost $10 pnr acre, with ten years In which to pay. |