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Show S0:.2 wBUSTHIES r.lftllG at the bottom of a depression and ' .! pospenty. : THE B. fa ; ,n mss., r-- Dec. 17 DEPRESSION APIrryhe midst of,all, the , 4 v I 3 I A I h ' i weather 1 Vmg-growt- - ah' than they did last. While the .total 2 0 corporations hi ths first nin fnontbs of uieonio 28. per , eent . below the same of 19C0 vras that at, least 125 companies w it 1929. in significant period ti i m on business, investors should, not forget vsu numlier of companies are making 'conxderable ;rv Lt, " the one most suited for depresW- stock investment, includes such prngf industries as the food power and light, gas, telephone, chain stores, and a few other. In this grou also majbe inchrded a few of the new industries where a strong upward trend in earnings seems probable. Stocks of the best companies in this second classification are, generally satisfactory for long-terholding irrespective of intermediate market fluctuations, provided they are carefully selected. A third classification consists of certain old established industries which have been going through a period of reorganization for several years and which may soon emerge in a much stronger condition!- The textiles ere a good example. It may be that the textiles are right now on the threshold of better prosperity than they have known for several years. While ft is not certain whether the reorganization period is yet completed, the textiles will bear watching in the future. How To Select Stock Investments Shrewd investors are now preparing their lists for the business improvement which will come as the depression area gradually works itself out. A good method in selecting stock investments is to look first at the position of general stock market as a' whole. When both businesand-th- e business and the market are thoroughly deflated good stocks may be safely purchased. The investor should look next at the particular industries and classify them according to their earnings' results under varying conditions of prosperity and depression. Look next at the Individual companies mak-in- g the best progress in those industries. Consider their stock prices in relation to earnings, financial strength, and prospects. Remember also that stocks of many good companies now showing low earnings due entirely to business conditions will rebound sharply as general business improves. Pay particular attention to management. Do not load up heavily at one time, but spread purchases over this depression period as exceptional opportunities arise. , Business by the Babsonchart now registers 24 per cent below normal compared with 6 per cent below normal at . . this time a year ago. Ihvestors Should Study Earnings; Results f Under Current Adverse Conditions ' ' Public Utilities Outstanding. 40 - A second classification, and LliRGER PROFITS THIS YEAR DESPITE sold on 'therismg-i- . actually shov ed increases. The increases '.ranged anywhere from one per cent to eight hundi ed per efttfr. True, the stocks of these concerns havb declined in sympathy with the general racket, but except incases where they .were pushed absurdly .high id 1929, the decline in stith stocks has been far less , than the market average. Companies who are able ' ' to maintain, and even 'qctease, their profits in these hard times ought to do splendidly when beterjtinies return. What aie the reasons for the eonspicqous success of . certain corporations under these generally adverse condi- . tional'What industries are doing well white the majority are suffering To what extent is good management responsible ' and to what extent is it a matter of specially favorable circumstances surrounding particular, industries and com-panies? These questions cannot be answered categorically. A broad , 'Many complex factors have influenced tba results. however, survey of earnings in the different industries 'does,1 ' (Copyright, lf30, Publishers Financial Bureau) bring out two important' principles: (1)' That brilliantly cases in has many successfully overcapable management come seemingly impossible conditions, and (2)that certain industries because of their inherent nature have shown far than have others. greater stability under depression Most Profitable-Industrie- s In 1930 ' , It is very apparent that some industries have been favored above others in the depression. Food products is a shining leading food and dairy example. Ten out of twenty-on- e show earnings gains over last year avproducts companies eraging from one per cent to fifty per cent. There are several munity like ours and as members of this district we vouch reasons for the success of the, food companies. First, people for efficient service from this must always have food regardless of whether there is pros-- , board member. been have or Second, great improvements depressioin. perity The dairy industry undoubtWard Cornish e distribution and food made in manufacture, packaging edly is one of the most in our community. Betmethods in the past two years. Also raw materials have been ter cows are now being kept Boasts Citizens lower owing to decline in farm prices and this has particuby the dairymen and Improved larly helped the baking and cereal products industry. Great barns equipped with swinging of business end the the Love and beverage expansion in stanchions, lights, water Religion steel and every thing that goes to has occurred. Consolidations and economies in the dairy .make modem quarters fof the 22 products industry are contributing to success in this group. Cornish Dec. animals. Most of the of purebred The new beautiful county process, for foods is a very promis- - the farmers have from 9 to 20 cows. cor' northeastern . the in Cache Three milk trucks go daily jng development. state Is located the from Cornish and its Immediate Electric light, power and gas companies are also out- - ner of the about with Cornish of surroundings. The Cornish and 'standing for their achievements this year. Most of the large precinct 382 people who are ambitious Lewiston association ye affiliatutility companies show gains in net income over 1929. The farmers, dairymen, cattlemen, ed together in the Cow Testing increase has been about 8 per cent, and individual business men and women and association. homemakers. ' average cattle B. E. and The sheep per cent. Religiously w$ feel we are ranch gains have ranged from two per cent to sixty-fiv- e a good portion occupies often been made have is in It' I 'significant that gains ptofits no to the standard with cap- of land with pens, times in spite of moderate declines in gross revenues, show- able men at the head of the sheds and equipped other modem equipfaithful and energetic ment. to carry cm this progresing the effects of operating economies, lower cost of raw ward, leaders In ell the auxiliary sive sheep and cattle Industry materials, and management efficiency. These utility com- organizations. One missionary. The father, Bergeson, panies, moreover, have a wide diversification of interests, Byron Hanson la fulfilling a and five son Ephraim are organized, and Declines which has helped to stabilize their earning power. mission in the states and Elder working together to build: up in industrial consumption, of electricity and gas, which have Earl Miles just recently re- and put up better stock for 'the home. market and to improve home in"resulted from reduced factory operations, have been par- turned For recreation we have a dustry. and in demand domestic continued offset by growth tially weekly picture show, dances The 4 H club girls' orgaxuza the development of new uses. Other industries which have and numerous parties and social tlona arp effected every sum. stood up well in the depression are amusements, chain events conducted by the various mer for advancement of home organizations. work. The Home and Common retaiklinev tobacco,, paper.sperial-tie- auxiliary storesr and certain-ethe- r " ComihThas S' modem - four locals are working on the and electric refrigeration. These together with food room school building and em- ity cooking and management of JW. and manufactured ploys three teachers: their homes and to promote proajcts, electricity, and gas (both Jr-is principal and Is better health by better prejiuitnd pas, electrical equipment, and certain staple chemical Hanson Mae by Miss and selected foods. compares should lead in the vanguard of earnings achieve- assisted and Sadie Sorensen. The school pared Ml H. Buttara progressive v ment when general business improves. under the county sys- farm Is also stocked with sheep comes Industries standard.' Investors Should Classify tem and ia up to and cattle, and pig and only The success of a stock investment depends in the long - Approximately 37 students are the best purebred animals are He on his farm. run on the growth of earnings of the company, and earnings registered at the North U.Cache Slaced now feeding between 15 and S. A, sc hxd, four at the in turn depend both upon management, and upon conditions high Cand two attending Weber 20 hundred sheep to put them 'surrounding the industry. The investor will do well to academy at Ogden, one at the in the best condition for; Hie ! market. . training hospital classify the various industries in accordance with their L. D. S. M- C- Neagle, who was reMr. in Cornish employment of gives conditions achievements under characteristic earnings elected to the school the bets to a number of Hoy in- cently of and There three ars types depression. prosperity board of education, Is a Cor- Scouts and M men, from the feast and famine in- nish man and was formally the surrounding town. dustries: First are the , dustries. These show excellent earnings in prosperous times Bishop of this ward. We feel Beet harvesting was fdirty and very poor earnings in times of depression. Among them this an honor to a small com good this year and an ideal are still, motors and motor accessories, copper, radio, office equipment, railroads and others. In this s ear of 1930 profits in these lines have sharply declined, the per Decreases ranging from forty' per cent to seventy-eigcent. Naturally stocks in these industries we must always expect to fluctuate widely between the extremes of prosMRS. L. S. PRICE, CvmsyoBM perity and depression. Nevertheless, many of them may offer excellent opportunities for soeculative profit if bought pro-noune- , . , I A , LeE RoBeRtS remun-ieratlv- , ice-crea- m 4 quick-freezi- , , i s, - Sea-mo- ns , - c - - j , heart-breaki- ht DAYTON DEPARTMENT 4 Feeding ' of sheep and lambs Best Kept Roads for the market is becoming one of the attractive side lines a number of farmers" for Found In Dayton for feed crops rare equal to any m Franklin couny. . The Utah Packing Corpora' tion just built a four unit pea Dec. 22 Dayton, Dayton is one of the grow- vlner in Daytonof this last spring and to take care the ing and progressive communities beans grown here this pea last seaof the west side of Cache val-- It son. has grown from a popu-,o- n In addition to the crop beof about 500 in 1925 to fore mentioned all the small over 700 In 1930- - . grains, all hay crops, peas and It has also made comparative lima beans for the cannery and progress in other line We have l aifaifa. eed are additional one ol the best municipal wa- - (sources of revenue- - These pouter systems in the valley, are ditions are made possible by served with electric energy by a near ideal climate and , one the Utah Power and Light com of best and most reliable pany--Whave one of the best irrigation systems. The Twin train services in the Valley by to the val-th- e canal System U. P. system and is coupied with the thrift and We progressiveness served by two bus lines. alsoy of our people think no other community has to having better built and better kept an up to date school system. state roads, the highway consti- Our school house is modem In tuting our main artery of traf. every respect, six class rooms, fie. two play rooms in the basement This Is primarily an agricul- and steam heated throughout. tural section, agriculture to all The house was completed to its- - diversities thriving. Some 1914 at a cost of $22,000. ( of the yields of beets to 1930 W have just completed rereached as high as 22 tons per modeling and finishing dur acre- - The growing of potatoes ward chapel at a cost of $21,009 is a profitable line for many and bow Dayton boasts one of farmers here, but our mainstay the most attractive and conis 'dairying. Some of the herds venient ward chapels In this of Dayton are among the moet jI section. profitable ones of the county. Altogether we think Dayton There are located here two has attractions to suit all tastes blocks of the Franklin County (and there is still room for more 1 Bull association. progressive citizens. e jes IT IS OUK THE CHRISTMAS SEASON WILL FIND YOU AND LEAVE YOU IN THE BEST OF ' HOLIDAY HUMOR tii i pme & ssiiS: L condition prevailed ost of the time, some getting few wet Jackets during the ason, M. C- - Neagle had his bouse edecorated on the outside and art of the inside, this work euig done in the early spring. Ephraim Bergesons home was also remodeled and redecorated on the inside making it modern in every way. The poultry and turkey bust, ness has rapidly increased since lastyear Hielocajpeoplembx last year. The local people interested are working hard for a higher egg production and for the supplying of feed at a minimum cost to the poultry It is estimated about raise. 8,000 mby chicks were imported here last spring. Some one has been busy since then. Andy Simmons, W. R Dopp, Peter Verbell, W. (X Hanson. Lewis and Pitcher, Harvey George Troseth and their may be others, but these mentioned have painted, and buUc. on more coops and are now in the business in real style and exec t more rapid returns in the iture poultry business. Nearly every family are pros, perous, most of them driving their own cars, and three new trucks have been bought by the men this year. , Miss Sunny Swensen of n. an accomplished instructor of dancing, has a class of about -- Lo-ga- 15 the littlw-gtris-duri- ng sum- mer who have delighted la meeting their friends and re, ceiving the excellent instruction given them each Saturday afternoon. A concert band of 15 members was organized here last summer with Professor Probet of North Cache aa instructor did excellent work and put over a conjoint concert with ail the junior bands of the county at the high school last fall. Most of the members play in the band at North Cache high school. The Boy Scout of Cornish were the only body in the entire county to take the wonderful trip to Big Rock, Wyoming, last summer. The county scout council furnished tents and flag and a big truck took the scouts on a trip long to be remembered. All the homes on the factor? avenue but one were purchased and are now owned by private families, and a spirit of improvement-, seems prevalent as flowers beautifuls and shrubs are taking the place of bare wastp and gardens of vegetables are cultivated extensively making a very good family living the year around. A number of homes were beautified by flowers last year, that until then had been .barren waste. The early potato growers s hipped a number of carloads of potatoes to the eastern markets and received a satisfactory price for ail- Among these farmers were: Neilson Brothers, Baker, Neagle, Christofferson, Buttars. Kendall and possibly others unmentioned. The community has only had 2 cases of typhoid fever and very little sickness has been prevalent during the past year. Only 3 deaths, 10 births, 5 mar, rlages, U baptisms, 15 ordinations have been reported. A great amount of graveling on the roads has been done this year. The big gravel pit on the west hill was opened up by the big crusher was used there and hundreds of loads of gravel hauled on the Pitcher road, the Utida road, and the road to Trenton and the road to the state highway on the east, have all been put In a better condition for travel and the people of Cornish appreciate the eouo-tcooperation to this labor. R. C- - Pike has recently erected a large garage, painted and put to fine shape which adds to the beauty of his home and surroundings. Nearly every home is equipped with electric light and water system, while many are enjoying electric ranges, electric Irons and 'Washers, electric Frigid alres and sewing machines, electrle milking machines and radios. Nearly every family has a very fine automobile and a few min. utes ride takes them to the county smt or any other place they choose to motor. W. Q. Hanson has had the electricity put to his home and with all the modern devices ft COVE DEPARTMENT JL HARRISON.' Correspondent .showing a fine spirit of progress sion, amongst these- i that of Grover Alien who baa mad a home just west of Make Tfce Most hicomfortable fathers, Joseph Allen, many of our bouse have been, pqjnt. so most of the home present Of Conditions aedvery pleasing appearance-- ! 6 : Our ward organizations are Cove Cove with its fine farms mostly all in good running order. The officers doing their and homes nestling up near the Mils and around into the can- best to their various callings to ' make their unit to the church yons which form the approach a success. ( to these grand old mountains in northern Utah is still the live Cove people are law abiders and with, very few exceptions progressive little hamlet 'as of has there been any need for vore. In spite of the depression of the law. Our dances banging over our nation our officers and plays put over by the varpeople are happy, contented and ious organizations are a credit a prosperous a times' will perto our people and, bing in some mit. They have developed a spir- revenue needed in the various it of sociability which goes far Organization for expense. Many toward dispelling the clouds of toads of gravel have gloom that sometime settle in hundreds ofCove to help, to the gone from our households. Our' crop of hay- - and grain betterment of our road to have been good this year and northern Cache especially to our farmret are planting agate Lewiston, where the writer years pulled and waded through to hopes (4 better prices next ago sand and when xe high, winds year to reward their efforts. came saw shifted from Our dairy herds are improv- one mans farm acreage to another. care wonthese the snd cf ing There is one that Cove lacks, derful animals has caused our n. order to thing make Its land more to their dairymen bams improve and profitable , and and place milker thereto that productive also make it division possible Mary Hay, 3, daughter of Richard this one time tiresome job at that our numbers Increase. Bartheimeas, actor, is going to New the end of a days work may be The water question may is uppermost ,50rlt from Hollywood to spend lightened. to the care ot land after the with hen mother. After Many new chicken coop have first high woters are gone. Many Christmas divorce of the actor and his wife been added to our community nfi. Uia- aiea- - bav-th- ey hro eestedy of the agreed thus aaduog to the income m signed forpeogresaie acre ft in the Hyrurn child, our little town. Dr. Allen of proiecfi which , will solve this Salt Lake under the supervision tog making it quite pleasant to cf Thomas Alien has bull' a difficulty. "We have no mines of the pre. attend school. Two good teachers three deck, on the floors he has clous metal nor of eoal but we take care of them. 50Q fine laying pullets, 1500 in are near canyont All to all we have many things all which Is quite aaight to where, one ,the great' may take his team to be thankful for and are giv. sec. t , drive into grove of maple tog our to Him from R. L, Allen our buyer and and to his home a good whom allpraises and come and blessings seller of cattle, horses, hogs, etc. load .bring to a days time. with a feeling of are looking has improved hi home very Clarence and Raymond Allen materially and ha placed a rre Improving their fur farm as hope to the future that makes in the meeting of large sign, very fine to look at ot the years go by. This year the-- 1 us courageous of today. trials the the entrance of hi home on the have a large number and have We send a message of good Mountain Home roadr Delted quite a few of their foxea Seme new home have been They have Installed an auto- Cheer to all for the yuletide. built and others remodeled matic refrigrator which keeps before meat they feed to their aniIf it is darkest justincomes has brought into it and the the mals in good condition. dawn, our farm the building on of a new porch it School vans from both ways may expect the sunrise before is now a modem country home- - call for our children each morn. long. Cove Gtizens ) -- 1 - The rtile is similar in making chocolates ta that roasting in, sJ)Utei.?ihe present Iow cost Of miffrrials and labor, this Is the opportune time for building four HOME, the home you have looked forward to, that Ideal you have 'always wanted We urge you to investigate the possi- -- , H ILLS Bros coffee ( i The finest chocolate creams are dipped ; at a timt by hand. The finest coffee ever Hills Bros. Cofis roasted few founds at a bilities NOW! Why wait until Now is the time to plan! Consult me let me be spring. of service to you. People '"ft Of northern Utah and southern Idaho should take' this to back bril,K he,p times! MEN NEED good ?PRrunity AV0RK YOU NEED A HOME Do not wait! . V ' fee timt by the patented, continuous process Controlled Roasting. No other coffee has the same delicious flavor that Hills Bros. Coffee has befiase none is roasted the same way. BUILD! r-- HELP THE UNEMPLOYED Eysmiaft Frtti ftm lit 9cum foci. ttJllj tfntd Kiri tit to. Ink fa tU Asai a tit SAVE! . GafoiraelGOim CONTRACTOR Phone 753-- w Logan, Utah U ms. ISM )V 8 s Jl N |