Show ll fORGE Or l BEING fElT g e i p port ort Olt 0 of f C Cc Conditions d de thons in In Twelfth f th Federal Reserve District Shows vs Region Isi Is i 1 Getting GA G etting to Normal Pace SA A FRANCISCO July Jul 28 Indi 28 bons n s are aro at hand that tho full ull are of readjustment hns has been felt ce t the a basic products of ot the soil in- in metals metal In the Twelfth federal ne ne district John PerrIn chairman r f he the tic district board said In a regular submitted toda to tob statement today a b fed federal ral re reserve serve bank hank Retail prices ire ire r beginning to show declines com- com with wholesale costs the I tort rt said it Le e yield of deciduous fruits gener gener- mer- mer this season Is Js shown to be bo less Jess 1 n a year ear ago but tho the demand for ro fruits In Eastern markets Is IR bore bolo nor normal mat ma The Tho movement of ot and lemons Is exceeding exceeding- all nIl records record Fruit cannery canners will tit k only from JO 40 to 7 75 per een cent t of ot last Jast years year's figures because of ot falling I off art of at orders Building operations throughout tho the district continue to exceed those of or a year ago n o by a wide wide- margin marc Average cr A Jc reductions of or it 1 t a n day have Ve bees made In the tho wages of ot building workers while a a. 30 per cent Increase In buildIng building build build- In ing permits has been noted for the first six months of 1921 over over a a. simi sImi- sImilar similar lar period last year ear DECLINE CHECKED The steady decline in bank clearings of ot twenty principal cities which be began began began be- be gan in October 1920 was arrested during the past month the figures for Juno showing a C G per cent increase over May clearings Financial condItions conditions conditions condi condI- were said to be bo good s In the western sections of Washington Oregon Oregon Ore Ore- gon hon and California throughout Nevada and In the tho vicinity of ot Prescott Ariz Fair financial conditions exist inthe In Inthe Inthe the Sacramento and San Joaquin valleys val val- valleys leys and the fruit raising districts of ot Washington and Utah Financial conditions conditions con con- are arc poor in the tho broad area stretching stretching- from eastern Oregon and I the dry farming farming- country west of ot kano anc through central and southern Idaho Utah and Arizona exclusive I of ot the tho Prescott area Cattle rice an and lima llma beans have fallen allen below their prewar levels Barley Bar Bar- Barley Ie ley beans copper cotton lambs hogs hOES wheat and wool noo are arc said to be approaching approaching approaching ap ap- ap- ap tho the 1913 and 1914 levels Lumber and petroleum continue to bring prices considerably in excess of or orthe I the prewar returns Advances ances in tho the prices of or beans copper copper cop cop- I per cotton colton and rice rico have ha occurred I since their low points of the present readjustment period A sharp upturn I I In wool and wheat prices has been recorded Total wheat hent crop for Cor the district is estimated as of ot July 1 to tobe tobe tobe be bushels compared with bushels produced In 1920 Ino Holdover on Tul July luly 1 Is estimated to bo be boI I 10 per cent Flour mills in the Pacific Korth Northwest cst increased their during luring Juno to 42 per cent of at capacity compared with 34 per cent In l Ia May and 63 per cent In June 19 1920 O due to Increased ed Jt activity of or California millers Washington continuIng continuing continuing con con- to o produce at the same rate rato and Oregon and Idaho millers curtailing curtail ing Ing- production BERRY CROPS SMALL Tho The California crop of ot berries of ot all sorts Is estimated to be slightly smaller small small- er than last year Strong SUong winds of at high temperature in the tho Sacramento Sacra to valley caused a loss in the pear crop estimated at ton tons A small amount of or fruit was sunburned unburned through prevailing prevailing pre pre- ailing high temperatures in northern California during during- the second week of oft t this month but elsewhere favorable growing growing- conditions are reported In Washington a to peach crop Is predicted compared with tos last year ar when tho the crop was unusually unusually un un- un- un usually poor and a crop of ot tons of pears is forecast compared with I tons of or 1920 In Oregon the peach crop is again reported ported to to- tobo be bo a failure tho pears to bo equal to tho the year 10 average a In Washington ton and Oregon the yields of ot all nIl berries are aro reported to be about 50 60 per cent greater than last year ear and supplies now going to markets are arc temporarily In excess of the the- combined demands of ot the tho fresh fruit market and the can- can ners Despite decreased yields of or deciduous ous ens fruits this year shipments out of ot California have been considerably larger arger thus far than those of ot last year reflecting both the tho weakness of tho the tholo lo local al demand from canners and the curtailment on account of ot spring frosts of green fruit yields In the tho Middle wrest West Railroads of tho the state have amply prepared amply prepared for tor the Increased traffic SMALLER CANNING Canners of fruit in tho the district will pack paek considerably less than last year ear In California the forecast generally Is from 50 to 75 per cent of the 1920 pack and In Oregon and Washington ton where the industry Is less firmly es established established established es- es tho the reduction will probably be greater g Range and pasture conditions for livestock continued normal throughout hout tho the district with the tho exception of Arizona ArIzona Arizona Ari ArI- zona and southern Utah where deficient deficient clent rainfall has caused a a. shortage of grass and water Receipts of ot cattle and calves at the principal markets mar of ot tho the district during June were below those of or a year ago the decrease so boIng boIng bong bo- bo Ing Ing- ng most noticeable In Portland Prices of ot all kinds of livestock were slightly lower at nt the end of ot June than at the beginning of or the month June production of ot lumber as re reported reported tC re- ported I by the four lumber associations of ot the district was feet the highest hest figure reached during the current current cur cur- rent year and feet or 48 per pet cent greater than the May cut In tho corresponding weeks of 1920 tho the cut I was reported to be feet Shipments and orders did not riot keep keel pace paco with tho the increased cut and were I Iless less than in June 1920 or Ma May 1921 I Shipments decreased from irom feet in May to feet in ht June or 47 per cent and were l 4 per cent less than tho the June cut stocks on hand at the mills being increased accordingly a h Orders Order received durIng durin I the month totaled feet compared compared com com- pared with feet in Ma May a n. decrease of ot per cent A large largo part of the orders received by tho the mills during tho the month called for mixed lotsof lots lotsof lotsof of lumber whereas under normar normal conditions condItions conditions con con- many of these orders would bo ho for tor straight cars cats of one kind of ot lumber Average dally daily production of ot petroleum petro petro- urn leum In California during Juno June was barrels an Increase of ot barrel a da day compared with June 1920 and of ot barrels a da day compared with May Ia 1921 Dall Dally Daily shipments in Juno I were also greater Tenter than during the previous previous pre pre- month averaging barrels compared with barrels an In Increase Increase In- In crease creaso of barrels a day Production Production Production Pro Pro- continues greater than consumption consumption consumption con con- however and stored stocks at the tho end of June totaled barrels representing tinS tinS' an Increase of off barrels during the month Unemployment In tho the district as a whole decreased during Juno June due duo largely large to calls from agricultural sections sections sections sec sec- for fOl harvest hands In the grain fields an and orchards Labor condition In tho the principal cities of the district are practically unchanged the large Increase in the number of unemployed e eIn in San Francisco duo to the strike inthe in tho the building trades being being- more moro than offset by decreases in Los Angeles Portland and Seattle Savings deposits In this district as reported by tho the eighty eIght banks s inthe In Inthe Inthe the seven principal cities declined twenty-seven twenty hundredths of 1 per cent I during the four weeks ending June 15 16 the total on that date dato being being- as com compared po red with on ona May a 15 and on June l 15 1920 The Tho Increase o In savings deposits during during- tho the last last year has been 83 per cent During During- the tho four tour I weeks ending June 15 last increases increases' were shown in San Francisco Oakland and Salt SnIt Lake I City and decreases in Los Angeles eles Seattle Portland and Spokane Building permits issued Issue in tho the twenty twenty t ty principal cities of or the district during June represented construction valued at 1 which was 4 1 per cent less than the value alue of permits Issued during June 1920 and per cent less than tho the value of ot those reported In May Ia 1921 |