El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-01-18
Industrial and
Commercial.

The January payment OF interest
and dividends in New York City are
estimated by the New York News Blu
reau at $3.50, O0O, 900, at Boston 92O,-
OOO, 900 and at Philadelphia about S12,-
OOO, 1000, total of Sl62 200. 900 for the
three cities. Angeles Mining Re-
view.
The strength of cotton has been sur
prise to nearly everyone. IL mas come
| in the fare of the heaviest movement
ever known and despite predictions OF
a 1900. 900 bale crop. Those VINO
held their cotton are reaping the re-
ward, but the great bulk of the crop Ia
already out of the hands of the ra1sers
the men who most need money
Denison Herald.
The imports of American iron and
steel into Germany have shown q
| notable increase this year. According
to the official returns. the the, total i'm,
ports for the full year 1897 included
20, 1913 tons of iron and steel in various
forms and 1862 tons of machinery,
while for the eight months of the cur
rent year to the end OF August the
totals were 1904 tons OF iron and
steel aud Is, 100 tons of machinery
Engineering and Mining Journal.
The deposits of the New York clear
ing house banks have reached the
enormous average total for the past
week of 1914, 951, 800. This Is consid-
recorded. Receipts of specie from the
Pacific Coast increased the cash re-
serves to 1928, 1857 900 which is &c.
619, 059 above the legal requirement..
There was an expansion in the loan
account of SO, 657 300, making the total
loans 7l2,213, 100.-Los Angeles Min
ing Review.
The waterway which will supply ir-
riRation facilities to 10000 acres of
fertile land in Cibola valley, sixty
miles north of una, is rapidly as
cunning its proposed proportions; The
force at work is more than twice as
large as 1t has heretofore been. and at
the present rate OF speed the Colo
RADIOS liquid supply will very soon be
tapped to lend the elixir of life to the
desert waste. Several new settlers
have arrived in the valley during the
past week, and will inaugurate the
cultivation and development of farms
without observation-disclosures Sun.
The American manufacturer is COM
ing wherever the American flag is
raised. tits this fact and not any fool
notion of American political sup
remacy that scares Great Britain and
Germany and France at the prospect
of American dominion in the Philip
pine islands. Trade and not territory
is the goal of modern ambition, and
the magnificent equipment of the Unit |
ed States to take q direct part in the
commerce and production of the world
is alarming the old world feurers,
among the great world nations. We
are the people.-San Antonio Light.
1t is less than two decades since the
immense resources of Mexico and the
wealth to be derived from their deve-
lopment began to attract the attention
Of capital. All of Mexico's railway
system, with the exception of the Mex
lean railway from the City of Mexico |
to Veracruz, has been developed with
In the past twenty years. AS these
lines we're extended and new territory
perfOrce, attracted to the section con- |
tiguous to the new lines, and the de-
velopment of the country has, conse- |
quently, followed the construction of |
the railways. This demonstrates the |
wisdom of General Porfirio Diaz, pres |
ident of the Mexican republic, in |
granting valuable concessions carrying |
heavy subsidies to promote railway
Republics.
Work in the Corsicana Oil field has
been resumed and the work of we'll |
Mr.. W. II. Staley has locat-
ed a we'll on the W. J. McKie place,
seven miles to the southeast, and will |
push the work. This we'll is located |
close to those already drilled |
and in which some oil was found. |
The scramble for leases in the Powell |
neiRhborhood has become quite active |
Is the Oil belt lies in that direction,
but property owners in that section |
Ut %
The rate that has heretofore been paid,
some even asking bonus in connec-
Jon with an increased royalty. The
5taley No. 2 on the Derden place, has
been abandoned and the tubing pulled,
At depth of over 1200 feet salt water
was struck which knocked in the head |
Ill hopes of securing Oil.-ExchanRe.
G. F. Jourgenson, q we'll known farm
,r living near Peirce Junction, and q
,eighbor of Ed. Taylor, brought a
oarrel of oil to Houston to have it test
Irtesian we'll on his farm. There has
been a constant siepe of oil since the
veil was completed two years ago and
Mr.. Jourgenson has had
ufflcient supply at all times
ince for his own nse. He is
convinced in his own mind that
. fine flow of oil may be had at q short
distance below the depth of the pres
mt we'll and if the barrel of oil shows
satisfactory test he is going after the
luid in earnest. Nothing is doing now
It the we'll that was started for pros
'ectiug purposes on Mr.. Taylor's land.
t will, however, be completed in the
curse of the next few weeks. The in
crest that Farmer Jourgenson is tax
ng in the matter will tend to hasten
he investigation.-San Antonio Light.
The government has commenced the
obstruction of military road from
sice, station CD the G.. ", G.. &
I. railroad nine miles from San Carlos,
0 Fort Apache, distance of about