El Paso herald. (El Paso, Tex.) 1901-1931, 1915-05-20
MEXICAN CATTLE
HELP BUSINESS
Four State Agreement Re
wives Cattle Shipments;
, Spring Business Good.

| / The steady bettermeZt in the cattle
/ Industry, brought about primarily by
/ the four state agreement and more re-
/ eently by the modification Of restric-
| lions regarding the entry Of Mexican
ISattle into Texas has been the most
important feature of the present month
/ in financial circles. Business men
here, and especially bankers, declare
that FL PasO has never realized the
| full Importance Of the cattle industry
( as it affects the city and that the
} quarantine, which completely paralyzed
the business for a short time, has
/ brought home the immense Importance
OF the industry to this city
Ell Paso's constant demand for more
business structures is indicated in the
letting of a contract this week for the
new $4,000 Commercial National bank
I! building. Realty men also point to
this move as an indication OF the rapid
ADVANCE Of business towards the north
Permits for a dozen residences, aggre-
during the week, indicating a plenti-
ful supply OF money for commercial
purposes
Spring Trade Good.
Merchants Of the city declare that the
spring trade has been excellent Spring
arrived ION time" and this has been
a factor IN the large sales. Travelling
representatives Of wholesale houses
ANAE STATE AAAalB Win TIE upper 4AQAS-
try in Arizona almost back to normal.
there has been an important and grow
ing betterment in trade conditions in
THAT state. In many Of the larger dis
tricts production OF the red metal Is
again at normal
J. 5. Curfiss's Review.
A review OF the financial conditions
ia FL PasO and throughout the FL
Peso territory is contained in an in
terview with John s. Curtiss Of the
ltrTTr1Cg- Mamnfrer rarfn~ad in
the current issue of The Texas
Banker" After reviewing the banking
situation, in which it is pointed out that
nine Of the II banks in the city are
paying dividends and that the two re-
naming have only been organized a
short time, Mr.. Curtiss says:
More than $50 banks in Arizona, New
Mexico and west Texas have their cor
respondent banks in FL Paso and are
tributary TO the FL PasO Clearing
House association The price Of copper
and cattle are the two main barOmeters
which indicate prosperity among these
out Of town banks The present I'M
usually strong market for copper and
the unvarying high prices for cattle
bring in almost unanimous reports Of
encouraging conditions in our trade ter
ritory.
Stock Prices Strong.
The local prices for Industrial stocks
remains strong The Southwestern 3
Portland Cement company, a $1,000, 900 ]
corporation, has paid 8 percent divi- /
bends during the past two years. and |
declared a small extra dividend the
last quarterly period. This stock is 4
selling above par. The electric light 4
gas and telephone companies securities 1
Ire selling above par and paying profit
ible returns on the investment
Bond Market Quiet.
The local bond market has remained I
4uiet for a period of more than one
year Practically the only transaction /
was the successful sale by the county
d S5SO,OOO worth Of courthouse. faiI I
md county hospital bonds, and the dis
oosal by the city. of 100000 worth OF
school bonds. The city and county
frances are on a cash basis and below
heir authorized debt limit, so that fur |
rer bond issues can be authorized by |
he taxpayers II Necessary
FL Paso, having four banks mem
ers OF the federal reserve system, has
ne director. Felix Martinez, on the
card Of the federal reserve district No.
1. at Dallas