El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-03-24
Industrial and
Commercial.

|
trade is largely due to the unparalleled
activity in New Mexico mining. My
yard in Cerrillos has just received an
order for Is, 900 feet of lumber which
will be'used ia the construction OF a
new ore mill in the Ortiz moun tains
and another for 100000 feet from the
same region is expected every day.
Nearly every city in the territory is
experiencing activity in the building
line and this condition gives the retail
dealers in all sections, good trade
The outlook for the lumber business
has never been better. Rough and
commercial lumber has advanced IS
cents and 81 per 1000 since January l..
There has been no advance in price on
sash and doors since the first of the
year. The coal business has been ex-
ceedingly good lately: in fact, much
better than during any preceding year.
although the business has grown stead
lily since the foundation of my business
in 1881. The retail price for coal has
ranged at 81 for bituminous and 81 for
anthracite" During the months OF
December, January and February Mr..
Dudrow's retail coal trade in Santa Fe
amounted to q car load per day.
The government trade returns for
February again show q large excess of
exports over imports, the surplus being
1873, 642. 900. This is s6.218,OOO. below
the surplus of February, 1898, and it ia
deserving of notice that the decrease is
due, to the extent of 81, 1856 900, to an
increase in the imports. 1t would not
be surprising if the imports should con-
| tinue to show an increase; for the pre-
vailing national prosperity may rea-
sonable be expected to cause an in
crease in the consumption of foreign
goods as well as domestic, For the first
oirr Cff no ont
the exports of merchandise exceeded
the imports by S416,277 900, which is
| SO, BIG, 900 below the surplus for the
same period of 1878. In casting an
anchor to windward, Henry Clews, in
his latest circular observes, that the
exports as against imports will be
matter of vast Importance in the future
and requires to be watched closely by
Wall street operators with scrutiniz-
ing eye. 1t must be remembered that
much of this country's recent good
times has been largely derived from
the preponderance of exports over i'm
ports-if we lose that immense advan-
tage, or even have it materially d.
minished, it will be an adverse factor.
Elk.
Preparations are being made by
Chief Wilkie of the secret service to
destroy 81 ,221 SOC, 1888 worth of counter
felt coin and bogus notes which have
been accumulated by his bureau. OF
this amount S1I7 ,243 represents United
States treasury notes, silver certif-
Gates, bank notes and fractional cur
reucy and $40, 021 is in imitation gold,
silver, nickel and copper coin. The
balance of this cum is in imitation of
various other obligations and securi-
ties, including fac SMILES of Tennes-
see state warrants, Missouri defense
notes. When spurious coin and notes,
together with the counterfeiter' outfit,
are captured an inventory Ia taken of
them and they are properly labeled
and boxed until the time arrives for
them to be destroyed. The paper
money will be macerated by the same
machinery which is used in destroying
will be sent to a private foundry and
melted. Many cOunterfeiters are now
serving long terms in the penitentier-
les for making this money.-Ex.
A company composed of local bust
ness men has been formed in Corsica
ma, there being twelve interested. for
the purpose of extensive oil develop
ment in new territory adjacent to the
developed oil field in and near Corsi-
cana. 1t is the purpose of the compa-
ny to put down eight wildcat wei 8,
territory that has not yet been pro-
spected by the oil talent there. There
is large area of territory near here
that has never been drilled in
and the parties interested
in this scheme have faith
in being able to make important dis
coveries by their contemplated "wild-
eating" They have leaseholds cover
ing many hundred acres and will begin
operations in a very short time. In ad-
dition to the above there are evidences
of renewed activity in the oil fields,
leases being taken on all sides of the
city, There has just been filed in the
county clerks Office nine leases to M.
Eagan, a Pennsylvania oil man, who
has already been doing development
work in this ield.-Dallas News.
]. o. Curtis and r. A. Morris, resi-
dents of Chaves county. New Mexico,
and J. w. Curtis and T. A. Curtis. re-
sidents of the state of Texas, have or
ganized the Horseshoe Land & Cattle |
company, and filed articles of incOrpn-
ration in Secretary Wallace's Office.
The objects of organization are the
raising, buying, and selling of cattle
and horses, and the purchasing and
leasing of lands sufficient for the pur-
poses of the corporation. Capital
stock, 800, 900; principal place of bust
ness located in the town of Portales,
Cbaves county, New Mexico.-Santa
F'e New Mexican.
Mr.. Chas. F. Walters of the Sher-
nan Construction company, which has
;he fifty years sewerage franchise, ar
lived from Philadelphia Tuesday night
by Messrs. T. II. Riddle
Ind Richard Lshey, contractors. They
ire here for immediate. business and
will begin in the morning upon pre-
iminary work which will be pushed
Onward with all Yioor and energy .