Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-08-14
INCREASE SHOWN
IN DEPOSITS IN
ARTES|A BANKS
Business Is Reported Good
Despite the Dry Wealth
er; Wool Clip Is Being
Shipped to Market.

Artesia, N. NJ, Aug. 1S.-The
in this section of the Pecos val
ley and the farmers and stockmen
are in great need of precipita-
ton, to insure a successful year.
No general rain has fallen during
the summer and the local show
ers have missed Artesia' and sur
rounding community. The crops
are in great need of water and
the farmers, who are not able to
have Artesian wells, are doomed
to make poor crop on account
of the dry weather.
Banking - According to the
statements of local bankers, the
deposits during the past few
months have been increasing. The
past month shows greater depos-
its than any previous month dur
ing the present year. Collections
are not as great as were expect
ed, but continue at fair rate.
The business houses report that
business is good. Regardless of
the dry weather and great need
of rain, much ready cash ap-
pears to be available. One mer-
chant at Lakewood, a neighbour
ing community, reports that busi-
ness has increased forty per cent
over the business of April, which
was fifteen per cent better than
February.
Livestock-The cattle and sheep
on the range, west of Artesia, are
in poor shape, due to poor grass.
No serious results are expected If
rain falls soon. The livestock on
the east plains is In excellent
condition in most places and the
range in good grass. Practically
no cattle or sheep shipments have
been made in the past few weeks.
Stockmen are expected to winter
a large per cent of their herds.
The wool clip has been prac-
tically completed and thousands
Of pounds been shipped from
the Artesia warehouses. e. B.
Bullock, a local shipper, has billed
about five hundred thousand
pounds from his warehouse. Mil
lions of pounds are stored in diff
ferent parts of the valley. J. p.
Cauhope, a well-known sheepman,
west of Artesia, has shipped
eighty-five thousand pounds from
the 1922 clip. Practically all wool
has been hauled to Artesia, al
though a few ranchmen have
been able to haul their total clip
to a shipping point. The market
grants around thirty-four cents
per pound for the clip.
Many feeders are intending tc
fatten hogs for the market. a
large crop of corn and other
grains makes this a profitable
undertaking. The prices received
for cattle and hogs are much
better for the grower than were
tho market prices few month.
ago.
Fruit-The fruit crop of rthc
Pecos valley will not equal the
crop of last year, although good
crop is assured. A few orchard
lists report that the yield will h
larger, but the fruit will not have
the commercial value of the pre-,
/ Vious crop. The market price /!
not expected to be as great q.
formerly. Apples, peaches. pear
and other fruits are plentiful IL
this fection of the valley anC
much of the early crop is bein,
handled by local trade for HON,
consumption. Very few grape,
survived the late freezes.
Farm crops-The yield Of al
faifa was below normal for tn,
third crop, the cause being attrib
uted to the dry weather, regard
less of irrigation. Other crop
VIII yield in proportion. Water
melons and truck garden vege
tables are in excellent condition
Many loads Of forty pound water
melons and fine grade of can
taloupes are seen each day. TIL,
tomato crop insures an excellen
season for the local canning fac
tory. Practically one hundre,
acres of tomatoes in the vicinit
OF Artesia and large crop a
Lakewood have been reported
Ihe cotton crop will yield larg
income to the farmers, regardless
of the ravages Of the rasshop
pers, which have been doing som
damage throughout the country
Many acres Of alfalfa seed wer
almost totally destroyed by thi
pest. However, the long stapl
cotton, which is produced in thi
section of New Mexico, Away
demands the top price.
i ---~-~
Council Bluffs, Iowa, Aug. 49,
II. A. Lindgren, %. federal gam
warden for western Iowa, wa
shot and probably fatally wound
ed today by three men whom h
intercepted while they were kill
Ing game birds. Lindgren ar