Show 11 ITER V VI U MIMI L ln LO briers los angeles oct 15 mr beckwith we would like some information as to nater A ater stock crops ou look for w water ater for next season cason and the gen eral conditions prevailing yours truly to which we reply A new low low price has been set on water stock by the sale of deseret shares at 2 50 up to 4 recently but hat higher figure no longer reached one sale of abraham stock at 1 on a forced made by a quick sale delta canal company stock is holding up in price better than any ather other stock last year s prices of 12 have been cut this fall to 10 and 8 with a sale now negotiating with the value of the stock set at 5 00 this is a stock that has no bond issue against it so its valuation is being maintained higher than the others melville irrigation company stock being quoted toi fol sale at 12 but no buyers one firm put some on the market at 10 and paid the corn com mission of the sale at that 6 figure egure in some quarters it is expected that melville stock may drop to 5 before next irrigation season abraham stock inactive no buy I 1 er ers there there is a bond issue against two of the companies as follows I 1 melville approximately deseret there Is an over issue in one of the companies which retards the pur chase of its shares where a few months ago values were looked upon as being almost solely in water that is land at practically no worth at all and the water as the only value left today that water has shrunk to one third uie the value it held two or more years ago nor is the bottom reached yet tor for every indication is that prices will continue to drop even belov these rew low levels one crop report reported od to us as bags another 45 one dandy bags cant can t publish names without consent don t know acreage A good hay crop seed we are told just a trifle better than last year but on the other hand one farm of 40 acres which on its best year produced bags this year yielded the magnificent total 0 of a bag and a half I 1 some parts of snake valley a total crop failure reported the true crop situation lies some where in between summer and tall fall dry storage in the big reservoir low our next year must come between now and say march first it Is all a matter of hope as yet we all wish for a wet year |