The Ordway new era., 1907-11-01
BUSINESS MEMS VIEWS
DOLLAR WHEAT AND GOOD
WAGES TO LAeoRERS MAKES
THINGS HUM INTHE WEST.

Friedman. president OF the Denver
chamber OF commerce, sounds the key |
note as to the secret OF the maGuiii
cent stability of the financial struc.
ture of Denver and the state at large |
in the face Of the uphcayal in Wall
street. Despite the excitement
throughout the Eastern states as ii
result OF that upheaval, not the slight |
est uncasiness is felt in the money
markets and big business houses OF
Denver. Every line Of business is pur'
suing the even tenor of its way and
optimistic reports Of healthy growth
every side.
Millions From Wheat.
Dollar wheat. and 10000. 900 bushels
OF II ready for the market in the gran.
aries of the farmers. is adding to the
Sl5.0O0,OO0 and more Of financial JOY
that has already come to the backbone
mentioned by Mr.. Friedman through
the marketing OF the beet crop. And
best of all the farmers don't need the
money. Instead OF the usual fevcrish
haste to get their crops to market as
soon as the harvest is over the Colo
RADIO growers are so well situated TINS
year that they are able to hold their
commodities and command the prices
instead of leaving the fixing Of thar
all-impoTtant item to the purchasers
or to produce brokers. And what Is
true OF wheat E" iruc OF every othu
commodity according to reports re
ceivcd by James II. Young. secretary
Of the Colorado State Commercial AS
sociatioD.
This wear has been the banner year
of the states history for the aSricl.l'
turis,s New lani has come under cut
ovation through the extension OF the
irrigation systems and the extension
of dry farming In addition to the
prospcrity of the farmers the mining
industry reports gratifying improve
ment in nearly every section of the
state. and big gain over last years
production of $50 900 900 Is looked Tor.
What the business men say OF con
ditions follows:
Never Friedman. president Denver
Chamber of Commerce:
THE foundation for all hnancial
prosperity consists Of the solvcncy ot
those who are really the backbone OF
The commonwealth.
The farmer is In better financial
condition today than he has been lc.
n great number of years past. win
the farmer as the creditor instead "t
the debtor that he was some years
ago. | cannot see that the spectators
furry in New York can in any way
affect any part of the West.
our banks are IN more than first
class condition and with reserves oil
about double that which Is required
by law.
Our merchants have had prosperous
wears and are not in debt. For these
reasons | can see no danger ahead
and | do not believe that the present
condition in New York will have any
Ill effects In Colorado"
Values, Nonspccuiative.
" A. Hover. president of the United
States National bank and w. n.
Hover & Co. wholesale druggists:
colorado Is probably in better
shane today to withstand the shock oil
financial disturbances now prevailing
on Wall street than at any time In
her history. Those who are familiar
with conditions locally know well that
Colorado was one of the last sections
10 respond to improved conditions FOL
lowing the period OF depression pre-
yailing for several years after the
manic Of 1898. Improved conditions,
when they did come, were on mos!
conservative basis. Values OF all
kinds in Colorado are nonspeculative
in character and are OF real intrinsic
worth Our financial institutions are
not burdened with securities OF spec
ulatiye character or of inhated values
The clearing house banks OF Denver
have ample cash reserves to meet al
legitimate requirements. and there is
nothing whatever in the SITUATION 10
cause any apprehension on the part OF
our business community.
Wholesale Business Index.
Charles Mac A. Wilcox. manager the
Daniels 4 Fisher Stores Company:
1--WE have not yet felt the slightest
effect of the Wall street and Eastern
financial disturbances. and l don't see
any reason why we should. Business
here during this season has shown
very gratifying improvement over u
similar period of last year in all OF
the lines with which l am familiar
Our Wholesale business has been par
ticularly healthy. and that is usually
an unfailing barometer OF trade couai'
tons.
Crops in all sections OF the state
except for the fruit that suffered from
frost last spring, are better than ever.
and commanding the highest prices.
Even M the fruit crops have been money.
makers because of the unusually good
nrices commanded. talked last week
with one Of the largest growers IN the
Grand Junction district and ne IN