The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-18
RABS0N DETECTS BRIGHT SPOTS
IN MOUNTAIN STATES DU[[NESS
turnout the country J. am astonlshed at
tho fewer and fewer forests that remain
OIL Makes Bright Spots

turnout the country J. am astonlshed at
tho fewer and fewer forests that remain :
OIL Makes Bright spotI
The brightest spots arc those sec
tons where oil Is being found. In near
ly all these Mountain States there are Z
certain sections where oil developments
either exist or are contemplated. the
very act OF boring for oil creates tenn
porary prosperity. AS people come into
the territory Il demand for supplies and
labor Is created while Il general optim.
ism prcvadcs thet community. If oil
is finally discovered this means q real
new source Of wealth. These towns
where oil developments are being car
r!ed on are the ones that salesman
should seek. For this reason Texas,
Oklahoma, and adjoining territory 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 IL was 4 couple OF years ago.
They are now buying Dodge cars In
stead OF Pierce Arrows. But the oil is
still coming out of the ground. cash
Is paid for the product and there Is no
distress excepting among spectators
who deserve II.
"One cannot help but DO optimistic
on this country considering the wonder /
full undeveloped water power resources. ,
; Many sales managers would be interest.
ed in securing from the Federal Power
Commission in Washington q list OF
| these projects. Certainly the list should
be interesting reading to those engaged
! in the sale OF machinery, contractors ,
| supplies and the like. Not only does
! the construction Of these plans produce
, n certain amount Of business but they
n
wealth. In the long run n water power
/ Is much better 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 Atlantic to the ,
| Pacific. These developments will in
volve hundreds Of millions Of dollars
worth Of equipment. Hundreds OF Rp-
| plicantions for permits to construct
| dams power plants, reservoirs, transmits
| sion lines, lock- tunnels, and other work
associated with power development, are
! now before the Commission. Interest
| ed people should make arrangements
| to receive the weekly list Of applicants
| issued by the Federal Power Commits
: sion.
During the war the beet sugar dis
! tricts Of Utah. Colorado. and Idaho pro-
fted greatly; but with the decline In tho
| price Of sugar this industry Is absolute
! ~ at today. During 1921 the beet sugar
/ growers nearly all lost money. but py
drastic cuts in operating costs they will
! do better in 1922. The sugar industry
Is a basic industry and will receive
protection from Congress. Good sugar
| securities are now an attractive pur>
chase.
Creditors Should Be Patient
THE most prosperous industry OF
the Mountain States last year was the
tourist business This will not be es-
pccially active during 1922: but no one
! loses money on 1t. Whatever money
| comes In is pretty much profit. II the
Western Pacific Railway succeeds IN
| taking over the Denver and Rio Grand
Railroad considerable money will be
spent upon It which directly and indi-
rcctly will benefit this section. Altho
our sympath!es must go out 70 Pueblo,
vet this section will ultimately bcne-
III from the disaster. Pueblo Is gooc
city and will come back all right.
: "Compared with conditions n few
wears ago, the corn belt Of tho central
west shows up worst on the Bahsonchar,
OF any section OF tho country. The yeas
on for this Is largely owing TO the graz
prosperity which the corn belt enjoyed
during the war. Actually. however,
the conditions in the central Western
States are not so bad as In the Noun
tain States Moreover. their recovery
should be more rapid. While Impossible
10 honestly write enthusiastically regard
ing present conditions in this section.
Tho future looks better. StockraisinS.
! numbering. mining. and the beet sugar
. industy are all at a very low ebb. fet
, tho storm Is continually moving west
ward and these are all industries which
will quickly recover when the turn
comes. Hence banks and other credis
tors should be patient. Those who are
dealing with honest people should not
! lose any money. Moreover, those who
are now willing to extend new credits
70 these sections may some day be
greatly rewarded for their courage.
The index for the Babsonchart SHOVE
some Improvement this week. Business
! stands at 1870 below normal. compared
with 1886 week ago This improve
ment is encouraging and may indicate
tho seasonal au!ckening which should
be expected during the early spring
! months. ..s
NEXT WEEK PACIFIC STATES"
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Strictly Reserved)