El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-23

A BROAD perspective OF the futur,
Z n Of FL Paso and the southwest Is
drawn by leading financial and bust
ness experts who have closely studied
the present situation indicates that
the present wave OF prosperity Wnici
has swept across this section Of the
! country is destined to be productive
portunities now offered are seized ane
made the most Of
1T seems that the signing OF the
armistice was the ending OF our dull
period in FL Paso. and the beginning
Of a great prosperity which our sec
ton is now enjoying" sad A. 7. Kerr
vice president Of the FL Paso Bank
and Trust company The sound OF
whistles which blew announcing the
signing OF the armlsuce evirently
gave confidence to the business world
and from that time forward business
conditions in FL Paso have gradually
but surely grown better. and today
we are enjoying a healthy. steady AM
rapid growth Judging by current
trade and the demand for money and
labor. the country is In a most pros
porous state.
The situation r. remarkable for
midsummer. when some slackening OF
activity and OF pressure for goods
and money Is usual It is extraordi-
nary when we recall the uncertainty
as TO prices and trade prospects which
existed a few months ago, but Illus
trates how great a factor is confi-
cence- The change Is due 70 rees-
Enlistment Of confidence so far as
the immediate future IS concerned.
Everybody IS satisfied that a great
trade IS ahead for the remainder Of
this year and they are row busy pre-
pairing for that
Expect Declining Market.
Beyond that the situation Is not
so clear, but the people Who must buy
goods now for next spring are con-
WINGED that they must go ahead upon
the present basis and get ready for IT,
taking the chances They realize that
sooner or later they wilf. be caught
b. declining market, but unless they
want to &c out Of business they must
be ready to do business. making tile
best OF vicissitudes.
AT present there IS z cry over all
parts of the country Tor goods. Prices
on goods ready for delivery are a
secondary consideration Practically
full employment and high wages in
industrial centers Is an obvious factor
but underlying that is a confidence
and prosperity which pervades the
agricultural districts, and back OF j
all are the enormous purchases which
other countries are making here. a.
shown by astounding figures OF ex-
ports All Agricultural products have
Europe is taking hog products on p
large scale. and live hogs are quoted
at SCI to s23-.5 in western markets
cash corn is close TO the 50 mark
and new crop contracts. December de-
livery, are commanding about Sl-I2 In
Chicago. Range conditions in FL PasC
territory are better for this time oil
the year than they have been for sew
eral years. Good cattle have partially
recovered from the recent slump
Calves on the Fort Worth market are
selling at the highest price Of record
Wheat is being marketed rapidly IN
the southwest and commanding pre-
NUNS over the government nrich. T''s
high prices for agricultural products
have largely 10 do with t-le great re-
tan trade which the country is expe-
riencing.
Demand for Copper.
THE copper market is a bit dull
With no treat amount OF metal ching
ing hands. Perhaps for this reason
the price is soft. While the big pro-
ducers are holding for 23l.c. a figure
that has prevailed for some days. the