El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-23
NEW MEXICO NOW
INPROSPEROUS
CONDITION
Abundant Rainfall Has
Made Crops the Best
In Years.
LIVESTOCK is BIG
STATE INDUSTRY
Financial Institutions and
Business Are On Sound
Footing.

Eo0IlQ8.
~ BENJAMIN f. PANKET,
Lieutenant Governor Of New Mexieo.
NEW MEXICO today is in the most
IN prosperous condition known in its
history. The climatic conditions
were never better, An abundance OF
rainfall over the entire state. making
crops Of ali kinds the best for years,
and the bountifuI supply Of grass
makes the states greatest Industry.
that OF livestock. better than ever
before. Cattle, horses. sheep and
goats viii all get very fat and go
into the coming winter in excellent
shape.
Not so one year ago; grass was
short on account OF two previous dry
years and they went into the winter in
thin flesh. and Is to 20 percent Of the
livestock never survived the winter.
and what did survive will bring
big calf crop aext year. the calf crop
the present year being very small,
owing 10 condl cions the year previous
Ngnlle cattle are some lower IN
price. they are still high enough, and
what they lack in price they VIII
The lamb crop seems to be nearly
normal and prices fairly satisfactory
and the same will apply TO wool
Horses and goats have never been a
general Industry as have been cattle
The valuation Of cattle In the state
is placed at about S50,0OO,OtOs and
sheep at about S15,00U,OOO. and their
wool at 20.o0a,O0O pounds, while horses
are placed at little over Se-egu,vvy
and goats al less than 100000, and
hogs at a little more than s25e,eOO-
Farming Industry Doubles
The farming Industry Of the state
has more than doubled and IN some
sections the east and northeast part
Of the state, they have successt llly
raised beans without irrigation while
most every section Of the state raised
most any kind OF crops with irriga-
ton. and the irrigation Is becoming
ute extended HIT not as yet On an
extended scale This years estinas e
Of corn and wheat Is each five miilion
bushels, oats two million, barley one
half million. sweet potatoes about o;,e
half million bushels. and hay one-halr
million tons, apples and peaches over
two hundred thousand bushels. cotton
fifteen thousand bales and beans
nearly a million bushels.
Lumber interests are reviying ana
recently the American Lumber COM
pany has begun operations, ana there
Is q heavy demand for al classes OF
lumber al advanced prices.
Mining interests Revived
The mining interests are likewise
being uevived. and the recent advance
in copper Is stimulating that indus
try and there was produced last year
LOCO, 600 pounds Of copper. $6eo.00O
in gold, 10000 ounces OF siiVers y
osd.0o0 pounds OF lead, $4,000 600
pounds OF zinc 25o.0e0 tons OF iron
ere. and there seems to be an unpre-
cedented demand for coal but It also
seems that the operators can Iully
supply the demand, sales amounting
to over s10.o00.000 last year
The development for oil began 20
take on a decided boom some months
ago, and consequently about all the
lands have been leased for drilling. {
and some actual drilling is going on /
but Il is too soon 10 know the results !
Real estate seems 10 be decidedly /
firm. with a tendency for an ed-
vance IN prices. and already a number /
Of sales have been made
Banks and BANKING.
An the banks IN New Mexico seem !
70 b in q prosperous condition. and Z
aItheugh the last liberty loan and 4
the purchase OF oil stock drawed on /
the hanks heavily. and while there Is ]
a healthy demand for money. the Z
banks are pretty generally able to I
furnish It. TIE rs banks IN the /
state. Of which 70 are state banks. /
report a total Of s60,0o0,o00 in re- /
The interest IN education shows a |
decided Improvement and the desire /
to make the schools Of New Mexico /
second 10 none and with suffieieney I
Of fumds for that purpose the desire 4
seems TO be fully justified.
Some months ago when the prob
that time now seems TO have been I
turning soldiers. any apprehension at /
taht time now seems TO have been
r1nwarranted- as to how we could 4
find employment, but there Is not an
idle man who wants TO work at fair
Labor Conditions.
The same may be said Of labor con
ditfouB While everyone is employed i
there IS a tendency to some unrest
on an occasional walkout OF men en-
pioyed. think the unwerranted high /
cost OF living and that the WAGES .s5s. nov .,l
paid are too low when you take the 4
high cost Of living into consideration,
hut the prices now obtained BY the /
nroffteers must be reduced and that /
at once: dealers can safely reduce
their prices on an AVERAGE Of 25 per
rent and then make fair profit ana
later on perhaps another % percent !
nav be taken off. Prices now paid \
IA bor on the basis shove refarred to /
viii be. ] think. fairly satisfactory.
Ronas and HTvhways.
The condition Of the roads and
highways we're ANYTHING but satistac-
tory. as the unusual amount Of rain
tall has made road building very DIFF
ffcult but there sReus to he neY /
sra and an ava lcenin- in the matter Of \
good roads End with the necessary
funds IN si~ht for highway improve
ment We nav eXnect verv material
Improvement in road conditions with
In the next wear or two
n.y. III.