OCR Text |
Show UTAH BANKS AS PEER I OF C0I11ESLTHS 5 1 Stands Up With Best Among l h All Prosperous States of 1, the Union. ' : CONDITIONS ARE GOOD J First-hand Comparison Leads , j P. B. Sawyer to Extol 1 j Her Thrift. J Hnancial. industrial and bnsiness J conditions in Utah are fully up to the '4 ! prosperity mark of those obtaining in ' the most thriving states in the east J ! and the middle west, according to P. ii. '4 Sawyer, vico president and gennrnl man "I agcr of the Utah Power & Light com- I parij-. Mr. Sawyer has jus: returned from a visit of three weeks in the cast, .J principally in -NTcw York, whither he : went to attend a mcotiug of financier!, J interested in power projects in the west j and particularly in iho great enterprise- -J with which he holds his official posi- $ ! lion. 1 With reference to his observations 1 while oast, Mr. Sawyer yesterday said; 'A I am vory clad indeed to cot back jaj ' i to Utai. The general prosperity 3 i hero seems to be bettor than I. was 1 i led to believo it is in tho middle 5 , ! states and the enst by talking with M people there. Tho linnncinl sitna-jS sitna-jS 1 tion in Xew York is not materially I changed from what it has been for J the past several months. However, S there are temporary fluctuations J from df iv to day, Thero seems to bo an abundance of money in the jj banks for call loans at about 2 por J cent and for enterprises of old ' standing and firm eharacier; but. )!? : thoro appears to be litilo or no cn- '4 , eouragement for new enterprises, 'I ' owing to the difficulty of accurately fjii forecasting the immediate future. 1 Tho Mexican situation seemed to ' have temporarily upset things when ,J ; I left there about a week ago, but 1 4 I believe everyone feels that when the slump that has been experienced j for 5ome time past is over, the country will enter into a poriod of 1 conservative prosperity. . At the request of our prosident, I). C. .Tackling, who is now in New , i J i York. I went east to be present at a i meeting ho wished to have with 'i some ot his New York associates in the power business. This meeting covered general business of the I.- company, practically all of which ':, ' , that is of interest, to the public has ,j already been given to tho press ' from time to time. J Tho season in Salt Lake valley is ahead of tho country east of here; , the foliage seems to bo further nd-vnnced nd-vnnced and tho weatbo.r since my return more comfortable. |