Perth Amboy evening news., 1923-03-24
BabSOn'SW WeekIyRevIeW'
OF Business And Trade
Conditions I'm America

fects of a greater demand for steel
and iron products. AS the Colorado
Fuel and Iron Companies become
more prosperous, the entire country
always prospers with it.
Phoenix, Arizona, a center of 35,
900 people shows the best conditions
statistically of any in this region.
1t profits not only from the mining
industry but also from cotton. This
district has enjoyed not only a. good
cotton crop but favorable prices.
Building is active-local purchasing
power increasing and the outlook is
very good. Phoenix is a very good
illustration why every city should
seek to diversity it's sources of in
come. Among the other cities for
which l am hopeful are Butte, Great
Falls, Billings and Helena, Montana;
Boise and Twin Falls, Idaho; Chey-
enne. Casper and Sheridan, Wyom-
ing; Ogden, Provo and Logan, Utah:
Albuquerque, Las Vegas, New Mexi-
co; Tucson, Douglas, Arizona and El
Paso, Texas. / am especially hope
full in regard to FL Paso, because it
is the outlet of northwestern Mexico
which is one of the richest sections
of the American Continent. Some
day Mexico is going to settle down
and Ell Paso will greatly profit. Near
ly all of these cities are fast becoln-
ing distributing centers and in all of
them there still are opportunities
for men who have the Six Is of Sue
cess: Integrity Industry Intelli-
gence, Initiative, Interest and Insplr
alton"
In conclusion Mr.. Babson said:
when studying conditions in other
sections of the country remedies for
the local difficulties are usually easy
to suggest. For instance, when study
ing conditions in New England it is
apparent that the labor problem is
New England's greatest handicap
and the wage workers of New Eng
land have its future in their hands
1t is very apparent that the need
of the South is more capital, and
energy with a. greater Willingness 20
work and risk. When one is study
ing the problems of the Wheat
Growing sections he Immediately
sees that many now raising wheat
should raise other products. When,
however it comes to offering a solu-
ton for the problems of these noun
tain states the task is very much
l.
able to suggest anything to these
people except to continue as they
have been doing. Statistics show
that they are utilizing their natural
resources to as great an extent as
the market permits; they are endea-
voring to diversity their sources of
income and develop their communi-
ties along broad and permanent
excellent results which are being
obtained in the sections under the
cultivation by the Mormons. How
ever, one may differ with them on
religion. they certainly set us all an
example by applying religion TO
everyday work. What these faithful
Mormons have done with the desert
sands of Utah shows what can be
done with all these Rocky Mountain
states if people are willing to apply
the same industry, thrift, and the
other fundamentals of prosperity.
When asked about general busl-
ness conditions throughout the coun-
try as a whole, Mr.. Babson stated
that the Babsonchart shows activity
6 per cent above normal. He is not
quite as optimistic as he was few
months ago, believing that some
lines are again approaching della
ton. He still insists that the per-
iod of adjustment is only about 90
per cent completed. and that any at
tempt to run up prices any higher
at this time would result in curtail-
ing many industries. Next week
Mr.. Babson will issue a report on
the conditions in the Pacific Coast
states.