Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-03-21
Babson Detects Bright :~
.... S pots in Mountain States
WATER POWERS TO CREATE WEALTH Il

, mistic on this country consideri145
the wonderful undeveloped water
power resources. Many sales man
ayers would be interested in secl'r-
ing from. the federal power commits
sion in Washington, a list of these
projects. Certainly the list should
be interesting reading to those en-
ga ed in the sale of machinery, con-
tractors supplies and the like. Not
only does the construction OF these
plants produce a certain amount OF
business, but they continue forever
as a source of great wealth. In the
long run a water power is much bet
ter for a community than mines or
forests and oil wells, which in time
become depleted.
"Permits applied for already to
cover projected developments from
Alaska to Texas and from the At
lantic to the Pacific. These develop
ments will involve hundreds of mil
lions Of dollars worth of equipment.
Hundreds of applications for per-
mits to construct dams, power plants,
reservoirs, transmission lines, lock,
tunnels and other work associated
with power development are now
before the commission. Interested
people should make arrangements to
receive the weekly list of, applica-
lions issued by the federal power
commission.
During the war the beet sugar
districts of Utah, Colorado and Ida
no profited greatly, but with the
decline in the price of sugar this
industry. is absolutely fiat today.
During 1921 the beet sugar growers
nearly all lost money, but by dras-
tic cuts in operating costs they will
do better in 1922. The sugar indus
try is a basic industry and will re-
ceive protection from congress. Good
sugar securities are now an attrac-
tive purchase.
1.-The most prosperous industry of
the Mountain States last year was
the tourist business. This will not
be especially active during 1922, but
no one loses money on it. What
ever money comes in is pretty much
profit. If the Western Pacific Rail-
way succeeds in taking over the
Denver and Rio Grande railroad,
considerable money will be spent
upon it, which directly and indirect
ly will benefit this section. Although
our sympathies must go out to Pu-
eblo, yet this section will ultimate
is good city and will come back
all right.
compared with conditions a few
years ago, the corn belt of the CEN
trail west shows up worst on the
Babson chart of any section of the
country. The reason for this is
largely owing to the great pros
perity which the corn belt enjoyed
during the war. Actually, how
ever, the conditions in the central
western states are not so bad as in
the Mountain States. Moreover, their
recovery should be more rapid.
While impossible to honestly write
enthusiastically regarding present
conditions in this section, the flu
ture looks better. Stock raising,
numbering, mining and the best su-
gar industry are all at a very low
ebb. Yet the storm is continually
moving westward and these are all
industries (which will quickly re-
cover when the turn comes. Hence,
banks and other creditors should be
patient. Those who are dealing with
honest people should not lose money.
Moreover, those who are now will.
ing to extend new credits to these
sections may some day be greatly
rewarded for their courage"
The index for the Babsonchart
shows some improvement this week
Business stands at IL per cent below
normal, compared with 10 per cent
a week ago. This improvement is
encouraging and may indicate the
seasonal quickening which should
be expected during the early spring
months.
Next week: Pacific States
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