Albuquerque morning journal., 1922-06-12

The Morning Journal intends to
print weekly, probably on Monday
morning. a resume of financial
business and crop conditions. u
every county In the ssta.e. This IN
formation will be obtained from
the various banks and naturally it
will be accurate and can be relied
upon. In the past the public has
been kept quite we'll Informed as
to business conditions in the nation
at large. and even in foreign coun-
tries, but no particular effort has
been made to compile this infor-
nation for New Mexico. We believe
the information will be invaluable
to the people Of the state.
The Journal has sent letters to
more than 100 banks in the state
asking their cooperation in this
| important Undertaking. Replies
received to date indicate that we
shall have this co-Opera ton. Suf-
ficient time has not elapsed, since
the letters We're sent out, to hear
from all the banks addressed. We
hope to have a report from every
county by next week. and regularly
thereafter. The facts CLEANED SO
| far from bankers letters to the
journal for last week follow:
Hot Springs.
(By the First National BankO
Banking-Local financial condl'
tions have been very tight for the
past few weeks. on account OF the
| continuing dry weather. The cat
tlemen have been unable TO markeI
their products, therefore money mas
been scarce and to meet these con
ditions the local bank has had tt
resort to the rediscount privileges
with the federal reserve bank tt
supply money for taxes, forest fees
etc.
Agriculture-For the same rea
son the outlook for good crops II
this community is>very discouras
ing. The communities in the vicln
| ity of Hot Springs planted approx
imately 100 acres of chilli, but Oh
account OF the scarcity of wate'
the crop is going to be very hght
+, There is a good market for the
new alfalfa crop, which is just pc
ginning to come In.
| Trade-Retail trade is picklns
Iup slowly. The merchants are buy
ing cautiously and are not puttint
in any large stocks.
| ollections-Collectio are be
low normal on account of the dry
weather and no sales of livestock
| CarrlzoZo.
(By the Lincoln state Bank
Trade-Business is good locally
in most lines, especially merchan
dising and banking. The bank
show good statement and are II
better condition than at any tim'
during the previous year. Thi
showing is due. to q certain extent
to the receipt of government loan
on livestock.
Agriculture-There have beer
several good rains recently which
practically assure good ranges
They came too late to help th
sheepmen during lambing. but vii
be a great help to cattlemen,
Dexter.
(By the Dexter State Bank)
Crop prospects here in the val
| ley are very good. The alfalfa ha'
business now is in full sway au'
a great quantity Of hay is comin'
to market daily. The alfalfa ha,
mill here, which is one of th
largest west of tho Mississippi, nov
is running at full speed and tli
is creating a good market for tn
hay and at the same time afford
employment for a number of mer
The farmers Of this section ar
| turning a great deal of attentio
to cotton this year. There ny
about 1900 acres Of cotton plant
ed in this community and all VIII
have planted report a good stan
and fine prospects for good crot
1.-THE rains which have fallen her
| for the past two weeks have bee
fine toward getting good season
ing In the ground and the cotto
crop should be good, without muc
Irrigation.
| Taking It as whole. the vale
Is IN good condition. With tll
promise of an abundant cotto