Salt Lake Telegram | 1930-09-29 | Page 6 | Bankers Told Business Trend Showing Rise

10 V. i t 1 BANkERS TOLD I f TREND r t t i SHOWING RISE RIS 5 i l i I Financiers Financiers' I nci rl Convention on n ion L Sees Se Clear Olear Headed Ma Management of ge nt t. t 4 CLEVELAND Ohio ept 23 A AP APA f. f A A calm aIm and pd clear headed attitude ff toward to present business s conditions in In n the the- United States prevailed an mong ng the tho del delegates gales ot of the Amerl- Amerl can call Bankers Bankers' association as the they gathered th red here today for their annual an an- nual convention and exchanged in informal Ill In- formal orm al gossip s in hotel tel lobbies Business many of or the members said aid Id Is on a moro mom sound basis than n 1 jt ft was tho the first of r th the year Credit o of manufacturers Is Ia better Tho tex textile tile Industry of oC the thc south was given givens ri riuS uS s- s san an an- h cx example Textile manufacturers the delegates from that reon re- re ron on said said l ore re not making m mone money ncy 1 ut t l the they h haVo hamo o smaller supplies on their thIr shelves and nd consequently a diminished inventory load BUYERS GET LESSON Some bankers expressed the feel feel- dug mg that tho d depression has las tau taught ht ore conservative buying and 1 creased d the saving of oC mono money they consider a 0 sound und condl condl- ilL i t. t iu 1 There still Is much of at a a. 1 1 pi market it was was was' believed 1 b by pome OI 1 and that there still is h is need f fir m 1 retailers to tn cut their margins of ot J as the manuta manufacturers have IJa e. e Detroit and the rc region lon around the thet t- t r shore of ot the Great Lakes Lakei nl ul western Pennsylvania have been 1 I sorest spots In the depression dc it w was yas s believed ed The The- bankers look to the automobile sho shows shows' s to add adI some to that region One banker did slid not look for tor fora a a. revival of at the ef Industry this year car EUROPE I INDEPENDENT E Europe rope is learning to do without goods to a greater ext extent ex ex- t tnt tent nt each year a a. banker from Bos Bos- He said that industry in l this ls cou country coutry tr is geared too highly tho time Ume may come it must depend upon domestic trade cry iCly largely Russia was viewed b by 1 tills banker as an important comp competitor com corn p with this country in the fu- fu 1 UI-e. UI p Stron Strong criticism of oC state stale taxat taxation on officials wits expressed at the conference con con- ference on taxation ol ot the il tion n Jt It 1 was the opinion of or several I speakers that t taxation officials are ale appointed through political Influence and not particularly for lor their abill ability 0 to administer tax laws STRESSES FULL VALUE E The principle speaker was George Lord Jord head of the tho D Detroit Clea Clearing ClearingHouse rouse Mouse association who recommend recommend- hI full valuation ot of property for Cor taxation in states where rates are on an m ad valorem basis N M. M r. r PUn Beebe president of or the bank of ot S. S D. D was elected president Ident of or the state bank division o of the thc a association during the divisIons divisIon's divisions division's divis divis- ions ion's session this morning