Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1895-04-24
All Signs Point to Early
Returning Prosperity.
A New Workers. View of the
Salt River Valley.
The Eastern Fresh Meat Famine
and Arizona Cattle The
Coming Orange Section,

The following letter was received
yesterday by Mr.. A. G. Sheldon, Of the
Rio Verde company, from prominent
and conservative fnancier Of New York.
The following quotation will be of gem
eral interest to Arizonians since unmis-
taxable signs of prosperity are pointed
out.
1t will be also of great local interest,
showing that the eyes of capital are be-
ing steadily directed toward southern
Arizona. Says the writer:
Il have just returned from South
America, where | went to make fnan-
cial investigation for London and New
York people, and since my return have
been studying the markets and talking
with financial acquaintance and con-
nections to see what is the nature of
the outlook.
There has been sound and general
change for the better since 1 left the
country January /. As illustrations,
find that New England has made and
sold, on cash and short time, more
boots and shoes between January and
April l, 1895, than in any three months
in her entire history. Cotton cloths
have had, and are having, steady
advance and mills are running night
and day. All manufactures of iron and
steel are N sharp demand with bare
supply and advancing figures. In
staples, cotton, tobacco, wheat, corn,
oats, petroleum and q few others are ali
up; it is going to be once more an aet-
i've manufacturing year,
"The moral effect OF the Increasing
domestic gold production is immensely
felt, not only By cur own people at
large, but by Elrope. England and
Germany are 10 longer sending back
American securities ior sale, but oa the
contrary, have been steady buyers Ter
month and all railroad stocks ofdecens
reputation are in rising demand
While there is no boom OF any kina
showing itself, yet the commencing
ripple of the industrial and financial
''iood tide" shows at a glance.
"We are having almost fresh meat
famine. This leads me to think OF the
wonderful possibilities of Arizona in
raising cattle on alfalfa in irrigated dis
tricts. | find that oranges are scarce
and very high and thst tle Fiorias aLd
other souiherE crop was destroyed By
frost. Certainly this viii call pubic
attention and iurestme ent to a country
like Southern Arizona, where crops OF
every kind on irrigated ground ara ab-
solutely reliable year in and year out
81 want to look Z little further before
forming 8 definite opinion, but at pre-
sent it looks to me as if the big field for
investment and speculation will be Ari-
zona and New Mexico. Cheap meat
and fruits" are, find, the present and
increasing public cry and these lands
which give them will be in demand.
Consequently the securities Issued for
the permanent watering OF this lands
are going to be in demand east OF the
Ohio river by people OF both small and
large means who have never trusted
them before"
The extent of this 'fresh meat'
famine alluded to may be gathered
from retail quotations in New York and
other Eastern papers. The average
price of beef per pound from meat
markets is about 20 cents Beef cattle
are bringing 91a cents. The worst of it
| is, or the best Of it for Arizona and
other stock raising sections is that there
seems 10 be no immediate relief and
i that prices will be maintained or not
greatly lowered for some time to come.