Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-10-22
BUSINESS NOW
ABOVE NORMAL
SAY ME- RCHANTS
Not a Boom But Natural
Growth, Say Bankers and
Others Reporting Un-
usually Good Conditions.

usually G00Q C0nQltlOnS.
Albuquerque is not having a
boom.
All boom theori IS that have been
proffered in explanation of the I'M
usual building activity and appar-
ent prosperity have been exploded.
Prominent business men of the city
who are in touch with the activi-
ties affirm that it is no boom but
a healthy, husky growth that
should continue. There will be no
anti-climaX such as usually follows
boom.
That business is generally good,
that people are spending money
freely and that building is exceed
ing all previous records, is con-
coded by the majority OF the bust
and professional men of the city.
Some retail merchants report that
business is better than at any time
in the past ten or fifteen years and
a few real estate men report an in
crease OF so per cent in business.
1t Is generally acknowledged that
the city is evidencing prosperity in
spite of business depression all
about, both in the state suffering
from livestock losses and other
parts of the country where the
agricultural situation has caused
hard times. 1t is also admitted that
the railroad strike has held Albu-
querque back from the advance TO
be expected with the enlargement
of the Santa I'e shops here.
Strangers On the Streets
Many strangers are noted on the
streets and in the shops and stores.
The old timer who used to speak
to everybody he passed on Central
avenue now searches dozens OF
faces in the crowds before he sees
q familiar one. New accounts are
being opened at the stores and no
shop keeper pretends any longer 10
know who his customers are. New
people are continually moving into
each neighborhood
In spite of the fact that there
are many new people in the city
the annual influx of winter tourists
has not yet begun, according to the
| real tSldlt IlGHs Ills 40 W ~ ~
pected in November and December
| The tourist season is later than
ever this year because of MID
autumn in the east and lack oil
ready money which will keep many
people at home until they are drlV'
en- out by the cold.
Building Activity
The building activities probaplN
wouldn't he any better If OIL nae
been struck on the mesa above the
city. The construction, of three
such large enterprises us the com
munity hotel, the Alvarado hote
addition and the First Natlona
bank building have encouraged tn
smaller builder to go ahead witt
his projects. In anticipation of in
creased population because of tn
intensive advertising of the city ant
of the Santa Fe railroad enlarge
ments here, numerous apartment
and bungalows are under construc
ton.
1.-THE eyes of the whole countr
are on Albuquerque, said Harr
Strong of Strong brothers when IN
terviewed on the business condl
3 tons. "Our advertising has had re
suits and our persistent prosperlt
| helps to keep us before the pubic
People have heard of Albuquerqu
and are coming here to locate.
c "They all seem to bring none
: into the city, too" he said. "Peopl
are buying furniture and payin
, cash for it. The insta ment pusl
I ness has dropped corresponding!
They are also buying better grad
of stuff than they were year Q
two ago. Most of the purchaser
! are furnishing houses which the
/ have bought here. Our business
the best that it has been for year.
August, usually the dullest mont
in the furniture trade, was the peS
that it has been for 8 years"
People Dressing Better
| The people in Albuquerque ar
dressing better than they were
year ago, according to informatio
received at the Economist III
Goods store which reports bushes
good. Women are purchasing
better class of clothing to replac
the cheaper things hey purchase
last season. More money seems
be in circulation and people al
| spending more freely, feeling Una
the financial pinch is over. mos
who had money were prone
| hang on to it during the crisis Jul
| passed. Women's clothing Is n
ported to be considerably cheapt
than last season.
Business is considerably bett'
than last year, it is noticed
Rosenwald Brothers departmei
store. People have a greater pus
ness confidence and, seeing goo
times around the corner, are lee
| ing freer to buy things they mig
| do without otherwise, according
member of the firm.
albuquerque Is Lucky
albuquerque is just lucky, sa
In. s. Rosenwald. "The buildif
boom here and the Santa Fe IN
movements have established
business confidence not to be foui
elsewhere in the country. VIM
the agricultural and livestock u
l.nression around us has certa
effect it is not everything and a
buquerque has enough to go ahei
on
While building is rushing ahe'
J there is not a corresponding acti
ity in the sales and rentals
houses, according to the real esta
d men. A. l.. Martin, veteran rea1t'
explains that the usual mlgrati'
of tourists from the east has n
vet begun. Those who would nori
ally come here to spend the VIII VIII
are kept back by financiai oistre
and they have not yet been lore'
from their homes by a seVe
weather, he said.
M business Boom