New Britain herald., 1922-03-18
BABSON DETECTS BRIGHT SPOTS IN
 ALL BUT TWO OF MOUNTAIN STATES

the country l nm astonished al the | fewer and fewer forests that remain,
 oi, Se, ton Bright
 The brightest spots are those sec lions where oil is being found In nearly all these mountain states there are certain sections where oil dryel- opmenls either exist or are contem- plated The very act of boring for oil creates temporary prosperity, AS people come into the territory Il demand for supplies and labor is created while general optimism prevadcs the community. IL oil Is finally discovered this means real new source ol wealth These towns where oil developments are being carried on arc the ones that sales men should seek. For this reason Texas. oklahoma, and adjoining ter litory were for some time the most prosperous Of the southern, western or mountain states Of course even in these oil communities. money is not being spent today as it was con- pc of years ago, They are now buy | inc Dodge cars instead of Pierce Ar rows. But the oil is still coming out of the ground, cash is paid for the product, and there is no distress fx
 ceptine among spectators who de- serve it.
 Water Power Considered
 "Onc cannot help but be optimis- tic on this country considering the wonderful undevclopcd water power resources Many sales managers would be interested in securing from the federal power commission Tn
 Washington list of these projects. Certainly the list should he interest ing >readins to those engaged in the sale of machinery, contractors sup plies and the like. Not only does the construction Of these plants produce a certain amount of business but they continue forever as source Of great wealth. In the long run, water
 power is much better for a commun-
 ity than mines or forests and oil wells,
 W hich in time become depleted.
 Permits applied for already to
 cover projected developments from
 Alaska to Texas and from the Allan
 tic to the Pacific. These develop
 ments will involve hundreds of mil ! lions of dollars worth of equipment Hundreds of applications for permits to construct dams, power plants res , eryoirs, transmission lines lock, tun nels and other work associated witl power development, arc now betor' ] the commission. Interested peopit should make arrangements to receive the weekly list of applicants issue' ! .t. Beet Sugar Flat
 , "During the war the beet sugo
 districts of Utah. Colorado. and Ida
 ho. protited greatly; but with the de o cline in the price of sugar this in r dustry is absolutely flat today. Dur e ing 1921 the beet sugar grower ~ nearly all lost money, but by drasti
 cuts in operating costs they will d o better in 1922. The sugar industr
 is a basic industry and will receiv
 protection from congress. Good sue e ar securities are now an attractl\
 purchase.
 # The most prosperous industry ( s. the mountain states last year was Il q tourist business. This will not ! l especially active during 1922; but T j. one loses money on ih WhateNf o money comes in is pretty much pro if ft If the Western Pacific railwa n succeeds in taking over the Denvf land Rio Grande railroad. considerab t money will be spent upon it whlc - directly and indirectly will bcnet s this section Although our symps y thics must go out to Pueblo, yet tn n section will ultimately benefit frol : the disaster Pueblo is good cit j. and will come hack all right.
 l. Compared with conditions fc if years ago, the corn belt Of the centri f west shows up worst of any sectlo a of the country. The reason for tn
 is largely owing to the great pro-
 perity which the corn belt entoye
 during the war. Actually, howeve # the conditions in the central Wester 2. states are not so bad as m the mouf '- tain states. Moreover, their recover !. should be more rapid. While impo e sible to honestly write optimstica' c regarding present conditions in tn o section, the future looks bette r Stockraisins, numbering, mining an r, the best sugar industry are all at s very low cbb Yet the storm is cor tinually moving westward and thts y are all industries which will quickl recover when the turn comes Henc e banks and other creditors should y! patient. Those who are dealing wit n honest people should not lose ar