Show PR PROSPERITY IN 1929 SEEN Of ElY 4 r 4 k Si 8 L BANKER f II h. Farmer En Enjoys Increased 1 s Buying Capacity J rH Y Adams Says r By ORVAL W. W ADAMS Vice i e President Utah State National 7 Ban Bank N Y Tho buying capacity of tho agriCultural agrIe agricultural agri agrI- e cultural population liar has been In Increased In- In creased eased over cover last year rear The Tho total amount received from agricultural agricultural ag ag- ag- ag sources In the state this 3 year ar is estimated at over This In Itself will bo a large factor in the tho business life of this community for the ensuing year The prosperity of Utah Is 15 closely linked with that of Idaho Tho The sugar suar prod production cUon of Idaho this year was as as very ery small because because- of the white fly menace while the potato crop op has been unprofitable because of f low prices I k Tho Utah sugar companies last year produced bags of sugar which which- was sold at an average average aver aver- age ac price of 52 a a. bag or a total of f This year rear tho the same Utah fah companies produced bags and it if sold at the same figure figure figure fig fig- ure would bring a a. return of 21 It is true that Utah companies companies com conc operate some factories outdo out- out sido Ido do of the state however the total amount received for sugar materially affects the prosperity of I Utah I The rhe mining industry In the state pt Pf Utah was Vas never so prosperous as asat asat asat at present This means large payrolls payrolls payrolls pay pay- rolls and Increased buying power of that class of Industrial workers Tho The sh sheep ep and industry and particularly the tho sheep is- is isuf suffering suffering suf sut- fering fering- from severe winter condi cond conditions condl on the ran ranges es It may be bo that largo Jargo los losses s will ensue The cost to 10 tho of hay and corn corn to carry arry his flock through the winter win winter winter ter on th the desert will amount to a substantial fl figure ure A hard Winter inter decreases lamb crops and wool ool production Considerable apprehension ap- ap concerning this industry exists at this particular r time I Merchandising I for Cor 19 1928 has shown a It healthy Increase o over o er the previous year jear and Salt Lako City on the average has shown a a. a greater in increase increase in- in crea crease than most other cities clUes in the to Instalment nt buying b in in the state of Ut Utah h is a matter of some sonic concern concert Incomes of m many ny workers In a a. g. g great at number of cases as s are aro spent almost rt a year in advance for the purpose of of acquiring a articles that are offered of- of Jered on easy cacy credit terms High I pressure salesmanship st which In Induces induces in- in duces people to purchase beyond their legitimate te me us articles that are re worn out before they are arV paid for lor is to be looked upon with ap ap- II The nation lost durIn during the past rear ear about in jn gold through ugh shipments shipments' abroad which has had been een and one nEf of the principal principal principal prin prin- cipal reas reasons ns for tightening credit and higher money i rates Another nother r season for the tho in increased In- In cr creased ased interest rates aro are six billions blI- blI lions of dollars which are being used on the Ne New Y York rk stock stoc ex- ex x- x change hange for speculative purposes In Business circles some apprehension Is Js f felt because of or this overburdened activity on the tho N New w York sto stock k ex ex- ex change Th There ro seems however r to tobe tobe tobo be bo little likelihood of business being be being besing be- be ing sing Involved In any great Areat market decline cline That there exists an inflation Inflation inflation tion In the security market there is no Tio doubt A reaction In this inflated ed d situation might benefit g general business business conditions condition and general business s woul would not be bc greatly disturbed disturbed disturbed dis dis- because of the lack of inflation In Inflation inflation in- in in the commodities All AU businesses business s are pursuing the mouth to policy of buying and large inventories are a thin thing of the past It is believed that the present advance ad ad- vance yance anc In the tho money market is not artificial The loss of In gold w which wilch Ich has a potential cr credit dit rower power of about and the fhe purchase by individuals and corporations In the United stat States s of in 1 foreign securities since th the war of which were er purchased during this year have Bare depleted to sortie sOI e extent the credit edit reservoir reservoir-of of the United States And we may look leek for higher her lIter est st rates for some pome considerable pe pe- pe r riM iod J The Th conservative ons e farmer busi- busi ness Aesy nes j man or 61 corp corporation ration who spends wisely Is ly and in proportion to his in income income m. m come me setting settin up reserves taking Liberal iberal depreciations In times s o oE of prosperity and who studies the economic economic economic eco eco- conditions and expands on earnings rather than on borrowed borrow d money will always be able to tide Over fiver temporary depressions The same s same me type of Individual will al- al alI always al- al I ways sways enjoy y ya a a bank credit for all aU legitimate legitimate ate 1 purposes urpo es e |