The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-11-11

OF Albuquerque this evening. ! was
asked TO speak tonight % the husi-
ness condition.. present and future.
and both local and general, that Il 20
say, affecting the state at large and
Albuquerque IN particular. My short
residence IN Albuquerque would make
Il pr-esumptuous for me To attempt 20
state TO the business men Of this city
local conditions affecting them. My
longer residence IN New Mexico. how
ever, has. in some measure. qualified
me 10 express views upon he general
conditiong az | see them.
i believe that the general conditions
In New Mexico are Of peculiar inter-
est TO the business men OF A%ibuquer-
que, because, in my judgment. Alhu-
querque. being the metropolis of the
sta.e, with It's geographical position,
railway facilities ana commercial su-
premacy. Is IN such a position that
whatever affects The state at large 5or
good or evil Is reflected In the husl-
ness life OF Albuquerque.
The general conditions IN New Mex
leo appear 20 mo to be exceptiona ly
good. from a conservative point Of
view, 1t Is true. there Is no buoy
ancy In the matter OF trading. and
especially In buying ana selling real
estate. and those who judge business
conditions by his standard VIII, I'm
my opinion. he compelled 10 wait
many years before the return Of an
era such as was witnessed in New
Mexico in the years 1904. '0S aud o6.
when immigration into New Mexico
and, in fact. into all the western
states. caused peculiar coaSi.ious that
many OF as took for real prosperity.
Prosperity. IL was. perhaps, for the
few who sold. but ruin just as cer-
tain. for 50 many who bought az
prices beyond the real value Of the
property purchased.
/ tAink, however. that we have al
ready entered upon an era Of co1-
sentative business prosperity. ! be-
lieve .he federal banking act has
made another panic. such as that ex-
perienced in 1907. an lmpossihllity.
In New Mexico during the farmins
season tina has just eaded. we have
had exceptionally good crops. ! am
advised that In the county OF curry
alone a half million bushels Of wheat
were raised and marketed. Wha.
happened in Curry county was un-
%dOubtedly duplicated In tho counties
Of quay. Roosevelt, and Ia the cast-
era part Of Chayes and Eddy coun-
ties. The copious rains that fell in
all parts OF the STATE. except the eN-
treme southeastern portion, have
made grass and water more plentiful
for the stock men that ever before.
and the range, ! am told. has. In tho
pas. few years. been re-scede1 ara sc
revived that @ IS now in as good con-
dition as % has been at any time with
In the memory OF men now living.
The prices Of range stock have been
exceptional Z few years aVo. when
range conditions were not so good
the price Of a thrc~e-ycnr-old steer did
not exceed SEQ. tho stock men wore
engaged In a fairly profitable business
What can De said or conditions where
grass ana water are more plentiful
whore land can be leased and fenced
and stock raised at less expense thar
81 could be raised a few years ago and
where the price OF a .hr~ec-ycar-olc
steer Is from $50 20 $500 what 3.
true Of the cattle b|usino71 De- also true
of the sheep Industry. Prices of WOO
md sheep are exceptionally high
The farmer has also shared To- s0m'
extent. In he COOL prices prevailing
wheat. oats ana corn have hrough
good prices and. while Is b. true TIA
there hag been a decrease In che pfio.
paid Tor hay. this. In nay judgment
has been n blessing IN disguise; ~
II has turned and is turning the Gar
mer from the wosicful custom 90
shipping hav out uf the country to IN.
more profitable method OF fecdin.
livestock. Of lalrying. and NJ raisln.
hogs and poultry. am advised ihl
a ton Of alfalfa. fed 90 "a food Esp
OF dairy COW. is worth $2- Hos
much better Ct rs for the country &
= have the ton Of alfalfa Fed ON On
farm and the Increase iaus received
) ,han 50 rs TO ship the alfalfa out %
the country, where its value Is los
3 forever. except IN the ngurea OF tn
+, purchase price.
The farmers In Sew Mexico ar
, fast learning ~ the it'5hts. in hog
. raising a few years ago To- th
D pecos valley there were not cnoug
y hogs raised for home consumption
{ today many carloads are shipped oac
I month from this valley, ana the BOZ
duEtry is increasing at "a rate that
{ astonishing I believe thnt hy al
I other year New Mexico VIII raise SUI
o ncicnt hogs 10 supply the demand "a
fresh pork. and ] hope. for trcato
q meat. throughout the state.
In railroad matters prosperity %,
already arrived, and while the nlmu
v sudden increase In this nuslness ma
81 Ia some extent. he attributed 20 %