14 BULLETIN 211, U. S. DEPARTMENT OF AGRICULTURE. 
TaBLeE Il.—Percentage of the total assessed valuation in New Mexico contributed by each- 
different kind of property. 
[Data taken from Territorial and State auditors’ reports.] 
Se a a ee ee 
Classes of property. 1909 1910 1911 1912 1913 
Per cent. | Per cent. | Per cent. | Per cent. | Per cent. 
SE Sede OR EES Sect nh etc to ae en ay ra aie nr 24.218 25.056 24.307°| 26.460 | ~ 32.826 
City property and improvements..............------ 17.621 18:512 18. 142 15.929 13.942 
Agricultural lands and improvements. .............. 12.220 13.444 13.976 14. 929 14.275 
Grazing lands and improvements..........-.....---- 13.383 13. 082 14.595 14. 238 11. 009 
Gaile all kinds) aes so ys ane ew tena aoe s nee 7. 042 5.917 5.392 5. 809 7.139 
iMerchandisetsss 2) Sie Beeston Woeean eon Wt 4. 683 4,637 4.438 3. 733 3.212 
sheep and: goats (alldkands)) 5-12 ase arene deen 4.427 4.127 3. 847 3.079 2. 821 
Stocks, bonds, money, public utilities, mills, etc..... 4.043 3.645 3.729 3.448 3. 722 
Household goods, musical instruments, watches, 
clocks, sewing machines, vehicles of all kinds, 
saddles, harness, farming implements, etc.......-- 3.532 3. 460 3.370 3.123 2.115 
Mineral and timber lands, with all improvements 
ANGIMTOCUICTS 3o 2 ee oe ee see eer eo S nee 3. 434 3. 404 3. 844 5.090 4. 808 
Eorsessmules= ang aDNTTOS we. Ben ena. bese ee eee 3.022 2. 849 2.622 2.632 2.377 
ALT OTHER PrOPeLleyicr ss 6 soe een ee ee 2.375 1. 867 1.738 1.919 1.614 
Table III is a grouping of the percentages taken from Table II, 
which shows approximately what part of the total tax valuation of . 
the property of the State is invested as capital in the business of 
stock raising. The data available do not permit of an accurate 
distribution of land area and improvements, stock, and other property 
so as to show the exact relation of stock raising to agriculture and 
other forms of industry, but the estimates offered in Table III do 
show the percentage values of grazing land, improvements, and 
stock upon the ranges. If the proper percentage of the valuation 
of vehicles, saddles, harness, farm implements, and household 
property belonging to and being used in the stock-raising industry 
be added to the totals given in this table, it will be seen that the 
business utilizes about one-fourth of the taxable property in the 
State, to say nothing of the value obtained from the use of public 
lands. | 
TaBLe IIl.—Approximation of the percentage of the assessed valuation of the property of 
New Mexico that is invested as capital in the stock-raising industry. 
Property. 1909 1910 1911 1912 1913 
Per cent. | Per cent. | Per cent. | Per cent. | Per cent. 
Grazing land and improvements.................---- 13. 383 13. 082 14,595 | 14. 238 11.009 
Total cattle (less dairy cows =5 per cent) .....-.-.... 6. 690 5. 621 5. 122 5.519 6. 782 
Total sheep and goats (all kinds). =: .-2...2.....22:.: 4,427 4,127 3. 847 3.079 De Sclae 
One-half total horses, mules, and burros........-.--- 1.511 1. 424 1.311 1.316 1.188 
oY Fes le a nea ee ait Sc sa Oe Se et Res Bis 26.011 24. 054 24. 875 24,152 21.800 
Judged as an industry by the capital invested in the business, stock 
raising stands second in importance to the railroads only, and it has 
reached this status but recently, partly by a marked increase in the 
valuation of the railroad property for taxation by the assessor. It is 
directly comparable on the same basis to farming as an industry, 
which it surpasses slightly. It very noticeably exceeds in taxable 
