Albuquerque morning journal., 1922-12-31

during the present year have been
rather favorable than otherwise.
Substantial Improvement along
all lines has been shown, during
the latter part of the year especi-
ally and the outlook for the COM
ing year is optimistic. Our COM
munity is almost exclusively agri-
cultural, and with favorable pro-
duction and the good prices which
have prevailed, farmers generally
speaking have been prosperous.
The dairy industry is improving
substantially and provides a satis-
factory and steady income to those
engaged in it. 1t is destined to be
one of the sources of large rev.
enue to the farmers in this coun-
ty, along with other livestock in
dustries, such as feeding beef
stock, hogs, and the raising of
poultry. The poultry industry has
become a very considerable one,
the marketing association alone
having sold upwards of q million
eggs in 1922, at prices averaging
considerably above the market
throughout the country.
Alfalfa raisers are much en-
couraged, and a larger acreage is
being put in than ever before, and
the favorable aspect of the situa-
tion is that most of the alfalfa
and other forage stuff will be con-
sumed on the farm.
Cantaloupes have had most
successful season, and more money
has been brought into the valley
from this source than ever before.
The crop beng looked to as a
money maker for the coming year
or so is cotton, and very large
acreage will be planted in 1928.
increasing numbers of cotton
farmers are coming into the valley,
and it is thought that from three
to five times as much cotton will
be produced in 1923 as has been
in 1922. The price, which has av-
eraged around 25c for the season,
is very attractive in view of the
large yield possible under condi-
tions prevailing here. Two gins
are operating in the valley, and
during the coming year there will
probably be two new ones built,
one at Hatch and one at Vado,
which will take care of the needs
OF the valley in good shape.
Many new comers are investing
in lands as the price is very low
considering the returns possible
from cotton. A good crop of cot
ton will pay for lana IN one year
at prevailing prices.
Business conditions in Las
Cruces are steadily improving. al
though bank deposits show little
improvement.
With the largest irrigation pro-
ject in the world furnishing water
for this valley in a never falling
supply, and with the climatic and
soil conditions so favorable, it is
sure that this valley will soon be
the seat of great prosperity.
CARLSBAD
(By the National Bank of Carls-
bad).
Our community has been rather
fortunate in having had a bumper
crop of cotton which has been
marketed at profitable prices, and
- AitNS ~ pNoN4b III eJ cat Itdl OL
money. While this money has not
been put into circulation, it has
enabled the banks to pay off their
obligations to a great extent, which
would of course, put US in better
credit situation next year.
The cattle situation has not been
so fortunate. We have had a Sc
we're drouth in our district, and
cattle, of course, are going into
the winter in only fair shape. How
ever, there have been some local
showers recently which has helped
the feed situation considerably,
and unless we have some severe
weather this winter, we believe
we can get through the winter in
good shape. The price of cattle
has been practically nil, and until
that situation is adjusted, we cam
not hope for prosperous times in
our community, as that industry
practically makes up the bigger
portion of our collateral