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Show THE PAGE TWO PRICE, UTA H SUM, E VERY THURSDAY THURSDAY, MARCH WOOL NOTES THE ENTIRE WEST Benefits Through This. Companys Progress Acpopularity is tivity of wool machinery in Great Britain haa registered a pick up. The increase is estimated at 25 per eent above June activity. AVool machinery activity in Great Britain the past five months ia reported to be greater than for any penod in recent years. AVool world-wid- e. Smart new 1932 frocks will be made wool. Typewriters of the fashion-writeare clicking out descriptions of new wool fabrics and new wool creations. It is to be another woolen spring. One writer says: The lightweight woolen that look "like silk, woolens that are as sheer as ganse, of rs FINANCIAL STATEMENT December 3 1, 1931 lace, wool mesh, .wool zephyr knits tese are the things that the smartest new frocks will be made from. wool E. Schneider, marketing sjweial-is- t with the California and United AY. , States departments of agriculture, stationed at San Francisco, reports a 30 per cent increase iu Iamb consumption in the United Stites the past two years. There was a 14 per cent increase in lamb slaughter in Z Notes receivable Interest accrued Investments. Net deferred premiums Other assets. - California in 1931 over 1930. Adverin tising and widespread popularising lamb has been a big factor in this achievement 220.622.0C Present value amounts not yet due supplementary con-- tracts' in- 13,233.02 1,500.00 Unpaid death claims (proofs not complete). 400,942.32 18,560.50 80,410.09 1 ,23 .27 15,248.74 49,884.10 87,334.18 Estimated accrued taxes Other Eabitities Capitol stock paid up 1 5 - - 7,885.19 12.78948 $737,882.98 143,295.73 Unassignod fundi Surplus to pnteyhaldara 881,178.71 $1,137,208 AO $1,247,105.06 109,896.46 - Shares of stock outstanding incomplato stock subscription notes net included above $1,137,208 A0 5,845$ - 374,33129 OUTSTANDING FACTS I. Increased insurance in force to $1 206,8002)0 2. Number of Efa insurance policial in force 5,868 3. Issued, revived and increased insurance during the year 6,099,30040 4. Premium income increased to 283,92025 5. Interest income 7525247 6. Increase in capital 11,38122 7. Increase in surplus. 11,73828 8. Favorable mortality experience being 30 of ex- fiected. select. 10. Interest earnings high. 1 1. No real estate js owned. 12. Purchased added equipment from earnings. 13. Battered agency organization in eight states. 14. Promptly paid 17 death claims of $33400 paid snee organization 41 death claims $79,500.00. 15. Admitted assets to liabilities 444.17, while ether strong companies approximate 1 It also describes wool marketing development in the state of North Dakota and the which growers there have with the National AVool Marketing corporation. tie-u- p Fashion authorities of the world say that this spring snd summer, to be truly smart and in step with ijtylo, one must dress up in wool. Japanese - Chinese military operations, while disconcerting to the world at Urge, are stimuUting demand for wool. Ever since Japan sent her army jpto Manchuria wool purchases hare increased. Practically all baying has been in Australia. Purchases of the Japanese in Australia during the first five months of the current season amounted to 207,000 bales, compared to 127,000 bales last season and 000 bales two year ago. 1 15. 16. They have been a real fader in the West's g, having an annual payroll, including that which has been paid to agents, of more than $183,000 thus contributing wholly or in e very large pert to the support of 99 families; to 150 members of the medical profession wo have paid $10,18145; office supply houses, printers and business houses have baimfitod because of us by $19,682.92 of patronage; foxes of $9,515.1 1 were paid to various taxing units; sustained realty values In various eities of the western states by payments of rent of $9427.46; 48 western municipsxtias have banefifnd by our purchase of thair securities; 80 home ownersbanefSted by leans on favorable terms; ton farmers received support on farm mortgages; 22 budnsss institutions received capital on mertgagas of Income producing property; six industrial Institutions, 7 railroads end 21 public utilities received support by the purchase f their first mortgage bonds. ' . ABOUT INVESTMENTS In the new sheep population Texas continues the expansion which has characterized her sheep industry the past decs de.'t The 1932 Texas eount showi 678JM0 more sheep then a year ago. AVyoming and New esti-aut- e; . , showed increases of. more than 200,000 each. States outside the! essential range group, the eleven far I western states end Texas, increased sheep numbers by 945,000 head, farm flock development in many districts. Montana's total decreased about 400,000 head. Other states showing decreases were Utah, Idaho, California sud Nevada. Mexico The 1932 live stock census estimate of the United States department of agriculture shows 1,167,000 more sheep and Umbs for 'January 1, 1932, liian on the same date last year and 529.000 more than for January 1, 1930. The total for this year is 531 912.000 head, against 52,745)00 on' January !, 1931, and 51 ,383,000 on! January 1, 1930. Included in these totals are sheep and Umbs in feed lots. The number of sheep to be snoni will be imaller because there an in- rrease in the number of sheep being! fed for market. - Average value of the ; heep has dropped sharply iu three years, from 68.94 per head in 1930 to 65.34 last year and 63.40 at the be--1 ginning of this year. Total value ofj all sheep in the United States, on this , d is (lo'iva to almost of, amount three was it 45 yftira agn. Total value estimated January 1, 1932, ia estimated at 6183,255,000, which isbelow the estimate for EK)f(i07f(100 the beginning of 1931 and 6275,953-00below that of January 1, 1930. Value of sheep and Umbs at the beginning of 1930 was 6450,208.000. SL- The Company owns no real estate. No mortgage loan Is mada for an amount in excess of 50 of the present value of the property, conservatively appraised by their own Committee. Al loans ere mode on on amortised basis principally monthly. In only four Instances ' is there delinquency in Snslalment payments end no huteSmeiit delinquency has existed for e period greater than six months.' The delinquency represents but 810 of 1 of the fetal of our mortage leans. Federal and municipal bends represent 63 of their bond invesfmanis. There is no default in these investments and no delinquency. Their 'industrial, railway and utility bends represent 37 President CARL R. MARCUSEN Vic6-Presiden- Charles Redd Secretary and Treasurer ' Nepni L Morris j 0 Chicago reports iudicate that the furniture iudustry haa begun to step np production to fill orders from thousands of retailers whose stocks are the lowest in twenty years. The recent national furniture show succeeded in bringing out a record number of buyers and an nnusnally large number of advanre orders. It was the first time in many months that the furniture industry has had new busi- ness. ThU Chicago development carries greet significance for the mohair Furniture stylos this year Smdueers, new mohair fabrics, several of which have been, worked out by tbe National AArool Marketing corwith leading poration in manufacturers. The corpora t ion has been working on the mohair problem for two years, recognising that new uses offered the only iiennanent solution. Significant results were achieved and the new fabric, mostly flat finishes, are being enthusiastically received. Developments of these new outlrts for mohair and recapturing interest of tbe furniture industry now stands as one of the great examples of the year of how producers can foster their own iutercsts through cooperative organisation. -- ts J. L Rrmege Haber Nielson O. G. Bates L. A. J. Dean j onc-iair- of our bend investments and al have an "A" rating or batter by Moody, with the greater part an "AXA" . rating. In appraising colateral loans, Dec. 3 st was taken. the market value os of 1 Thus they stand today A public benefectory in service rendered, contributing in s substantial wav to the West's financiaBy and indusfrialy, capitalized end managed for safety and snrvtee yet sympathetically in touch with the pube of the West,' whom they serve. OFFICERS and DIRECTORS : Investment bonds of all kinds Equitable Insurance Agency, Price. - Reserves $ 488,968.91 88,456.2 1 6,068.72 1 GROSS ASSETS Loss: Resources not claimed as Assets A new and valuable contribution to the literature on wool marketing is North Dakota agricultural experiment state, Bulletin No. 252, by Alva IL Benton, wool marketing specialist at North ' Dakota Agricultural college. AVool MarThis bulletin, entitled keting, presents a complete picture of the growth and present scope of wool growing and marketing in this country. LIABILITIES ASSETS First mortgage loons ... Collateral loans Policy Loons. Bonos federal, municipal, public utility, rails and dustrial Stocks Cosh and bank balances , Ray H. Peterson, Office Manager Ann Chamberlain, Asst. SecTreas. Dr. Gee. W. Middleton, Med. KrectV Is desirable. Agency contracts and permanent. Expewhich ramunerativa secured are be may rience net e requirement though advantageous. life underwriting os a vocation Claire Birrel, Mgr. PoRcy Dept. E. H. Gometto, Agency Aud'tor Coates and Herfurth, Consulting tuaries A. M. Cheney Lauren Ac- Attorneys Cheney, Jenson end Mart Stephens, Breyton end Lowe Directors Ohif Larsen R. L Bird William J. Lowe George A. Holt 'Vfebs LehiW,...t ' Jemet M. Petersen Charles R. Spencer 1 Michael Barclay D. A. Taylor W.LShattuck LM. LoB E. D. Blodgett Samuel Platt H. T. Hodden Harry S. Anderson A policy form embracing the latest features In protection is issued to moot every investment requirement. GENERAL AGENTS J. E. and Othello Hickman, Logan - Head, Stokar and Mann, Ogden - J. W. Nixon, Provo A. M. Jacobs, Roosevelt - Jess Fox, Jr Ear! W. Harmer, G. F. Hickman, Gene Hiclman D. E. Livingston, Scott Taggart, Lauren W. Gibbs Salt Lake CHy Cad or Write PACIFIC NATIONAL LIFE ASSURANCE COMPANY DESERET BANK BUILDING SALT LAKE CITY, UTAH "YOUTHFUL GIANT OF THE WEST" e 1 |