El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-09-01
Industrial and
Commercial.
800

, state insane asylum at Austin.
The amount OF s35, 900 has been sub
scribed to the cotton mill for Waxa-
hachie and the committee is hard at
work.
The citizens bank of Ration has fed
incor poration papers in the Office of the
territorial secretary. The capital is
$50 900 divided into 300 shares.-Citi-
zen.
The foundation has been laid for the
new Y. M. G. A. building at Cleburne.
The frame has already been erected
and work on it is being rapidly pushed,
Houston Post.
/ The board of managers of the North
Texas insane asylum met recently and
awarded contracts for the supplies OF
the institution for the coming quarter
amour ting to 49,, 900.
The contract for the erection of
school building at Sanger has been let,
the contract calling for $3.50. The
town floated S2875 worth of per cent
bonds at par.-Denison Herald.
The Colorado Consolidated Coal Min
ing and Mercantile company will be
incorporated under the laws of New
Mexico soon, capitalize at half a mill
lion dollars. The company will mine
coal and alum in Rio Arriba county.
On June Is, the Mexican Gulf Agri-
cultural company, of Kansas City, paid
to its stockholders dividend of 80 per
cent, and two days later increased it's
capital stock from 800, 900 to $500, 200,
the entire increase being readily placed
at par.
The charter of the Corsicana Petro-
leum company of Corsicana, Navarro
county, with a capital stock of $500, 600,
was filed today with the secretary of
states department. The purposes of
this corporation is to prospect for oil,
to develop and use coal and other min
erals.
authorized capital of 100000 has
been incorporated at Trenton, N. j.,
to operate lead aud other mines in
the Repu bile of Mexico. The capital
stock is made up of 81, $50, 900 PREFER
ed and S., 100000 commop.-Two Re-
publics.
D. G. Galbraith has closed the con-
tract for building 1O0-room hotel at
Mineral Wells. The Howard block ia
nearing pletion. It con taips eight
store rooms. The first story is of rock
and the second of pressed brick. The
south end of the block has . third
story which is built by the Masonic
lodge.
The Monterey foundry now employs
235 men regularly. Most of the skilled
mechanics are Americans, who receive
on an average from 35 to % per day.
The laborers are all Mexicans who re-
crive from IS cents to 81 per day.
About 600 tons of pig iron are import
ed from the states each year by this
company.
The contract for the erection of q
court house to replace the burned one
at Marshal was let to q Dallas firm.
The building will be q modern three
story structure, with basement heated
by steam and lighted by electricity,
with stone trimmings. The contract
price was 1854 ,159.
A crop industry of new and most
prospects is the raising of
broom corn. Mr.. Doit Young had 300
acres on the Holt old farm and has
been engaged recently in shipping the
product to points in Illinois. 1t brings
all the way from $40 to $3.50 per ton and
can be produced at the rate of ton to
three acres, which shows better pay
ing crop than cotton by far.
The brick factory at Monterey, dur
ing The last three years, has shipped
for sewer construction, and is now ship
ping 200, 600 a month to Mexico City
for similar purposes. The annual out
put is about "a 900, 900. One hundred
and fifty men are employed. The COM
pany has recently installed an electric
light plant in order that the works
might be operated at night.
Contracts have been let and work
will be in progress on buildings in Cor
sicana city within the next ten days,
the aggregate cost of which will not be
to buildings now in course of construc-
ton and includes the Odd Fellows
building to cost Sl2, 900, the Associated
Reformed Presbyterian church to cost
over $4,000, the Beaton apartment
house to cost $12, 900, the Hardy-Pick
business block to cost over 1926, OCO.
Two new locomotives have been Or
dered for the Arizona and New Mexico
Railway, the narrow gauge line of the
Clifton with Lordsburg on the South
e-n Pacific. The traffic is now far too
heavy for the present equipment of
four engines to handle. Another loco
motive has ss we'll been ordered for
the "baby guage," the twenty-inch
line that connects Clifton with Morenci
and the mining camps above Metcalf
New York capitalists will place $685.
O0O,O 600 in a cattle mbine, and q
round up of 600, 900 head of'cattle in the
Texas Panhandle and eastern New
Mexico will take place at once. The
combine has options covering 25, 000,-
600 acres of land, 1000, 900 acres being
held in fee simple, 100000 acres
leased from ranchmeu and the remain
der is government land held by prior |
occupancy. The district to be operat-
ed covers 300 miles north and south in
fHax md il,