OCR Text |
Show The Outlook The following are excer pts from the trade and finance letter, a monthly j synopsis of trade and crop conditions of the state and country at large, issued by the National Copper bank of Salt Lake City: Month after month the crops continue con-tinue to be the leading feature of the general situation as we see it, because they area at once ihe most important ! and the most pleasing of all those factors fac-tors which are commonly held to be barometers of futures business conditions. condi-tions. While the more delicate crops like fruits and market vegetables, have suffered reverses in various places, it is true generally that success has been j marked. The cotton crop ia rounding j into shape and will surpass all but two j previous crops in our history. Tobacco : will establish a similar record. The world's wheat crop will, in all probability, proba-bility, exceed the average, though in Europe, the grat importer, the visible supply is almost eight per cent less than it was last year, and the import needs will be greater by twenty percent. Foreign crops in fruits and potatoes cereals, other than wheat, are also curtailed cur-tailed somewhat, and these facts will tend to raise the price of the goods which America will bring to market this vear. The weather in the Middle West has been ideal for the develop ment of corn, the very late season having hav-ing been offset by the protracted heat and sunniness of the summer. It is al- most inconceivable that we should be having record crops in potatoes, corn, i oats, barley, rye, hav and spring wheat in one and the same year! It is almost inconceivable that in this year the production pro-duction of six of the leading cereals should be 22 per cent greater than that of last year, though it was itself large. It is almost inconceivable that if the record accomplishments of these six cereals could be assumed to have been reaped in this single year, their total would still be less than the actuality we have experienced this season, Yet such is the case. |