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Show A slogan is good only after It has been repeated 1000 times. Price Gilbert, advertising expert. UTAH BANKS MAKE LARGE LOANS Fifty per cent of Utah's commercial com-mercial banks made more than 36,000 loans totaling ?48,000,000 to business firms and individuals throughout the state during the first six months of 1940, according accord-ing to the semi-annual survey of bank lending activity made by the American Bankers association. The A. B. A. loan survey was participated in by 2 9 Utah banks, or 50.9 per cent of the 57 commercial com-mercial banks in the state. These 2 9 banks reported that they made between January 1 and June 30, 1940: 23,890 new loans $22,096,075 9,586 renewals 21,184,507 1,544 mortgage loans 5,277,608 36,020 ?48,558,190 The survey showed that business busi-ness firms in the state used only 55 per cent of the "confirmed open lines of credit" maintained for their use on the books of banks. Seven banks in the larger centers of the state reported that they carried on their books $7,-217,200 $7,-217,200 in "open lines of credit" offered to and kept available for regular borrowers for use as needed need-ed by them. Of this amount $3,-988,031 $3,-988,031 or 55.3 per cent was used. The average number of new loans made per bank during the six months period under review was 858 and the average size of loan was $888. The average number of loans renewed per bank was 331 and the average renewal was for $2,-210.00. $2,-210.00. The average number of new mortgage loans made per bank was 53 and the average new mortgage made was for $3,418. The Utah survey was part of a national survey of bank lending lend-ing activity made by the American Ameri-can Bankers association. For the country as a whole, 6.203 banks or 43.3 per cent of the nation's commercial banks reported that they made between January 1 and June 30, 1940: 7,331,097 new loans $12,253,628,581 6,134,17S renewals 8,246,301,835 177.39S mortgage loans 453,653,612 13,642,673 $20,953,584,028 This is a total of 12,642,673 credit transactions amounting to $20,953,5S4,02S, reported for the first half of the year by less than half the country's banks. The world's most blissfully ignorant ig-norant "Romance." For sixteen years the wealthy man and beautiful girl lived in the same apartment; yet now they can't, agree on whether they were married mar-ried or not. Don't miss this surprising sur-prising illustrated story in The American Weekly, the magazine distributed with next week's Los Angeles Examiner. adv. Sir Walter Scott used to tell a remarkable story of a true Highlander's High-lander's idea of pardon. The priest said to the clansman on his deathbed, "You must forgive even your bitterest enemy now." "Well, if I must, I must," replied re-plied the man. Then, turning to his eldest son, he added, "But my curse on you, Donald, if you forgive him." Belfast Telegraph. |