Salt Lake Telegram | 1924-10-19 | Page 21 | Looking to the West

G 0 if E. E Looking to the West i fHE HE tendency of the Rocky mountain l L states states to fo look took westward rather t than to e east is growing more mor apparent both from fj a ah industrial and ind from a financial viewpoint Utah ir iron n ores are bein being turned into ron at Provo for the steel plants of the ther r coast Now the he investment bankers beginning to look took towards Utah and the rounding territory as the great undeveloped e that wilt will prove an outlet for surplus ds in the seaport cities s of the Pacific coast Barnaby Conrad vice president of one u. u largest investment banking houses of Pacific coast made that point clear dear while Salt Satt Lake re recently He declared that Utah the Rocky mountain states need not look took Eastern bankers for Jor new financing He Id that funds for investment in bonds of enterprises r of merit in this section of the thet I t country were abundant in San francisco Los Angeles Portland and Seattle just recent years a close dose relationship is' is sprung up b between tween the investment banks bank- bank rs s of the Pacific coast and those of Salt Sal ike ke The tendency has been to go weS west L r refinancing and new financing instead of l j the he b bankers of New York or Chicago Li Mr C Conrad said j he looked for a a. r ids us s growth of the Pacific coast country will naturally come quicker along lon I irrow strip of country bordering the Pat Pa- Pa t Jut ut in in order for this growth to be stable P l the the back country must also atso alsot t w wand and nd develop It will mean more highly d intensified agricultural development in inand inand Th and Idah Idaho Dairying will find a ready I profitable market for products along the clue ruc coast A demand will come for raw d of which Utah is the richest unde- unde t ped area in the United States The ly ly populated Pacific coast states will be oT oking ing for an outlet for surplus funds and andL L development of Utah's great undeveloped rees offers this better than any other I ea eai I