Show cW lr 1 iFS i j i c A S S t- t i 1 Better Times But No Boom I By Ira C. C Tichenor E statement contained in iu the monthly report of the federal federal 1 I. I 11 reserve bank of San Francisco that there has been a material materia strengthening of the credit situation in this section of the country and also an increase in general genera business activity is confirmed in a away way vay by the bare announcement in the same report that the rediscount rate o ot ct this regional bank had been reduced from 5 per cent dent to 4 4 per cent or orthe orthe orthe the rate rato now In effect b by several of the regional banks located in the big Eastern astern financial and industrial ial centers The Tle c continued improvement Mn In general conditions in the Twelfth federal r reserve reserve- c district of which Utah is a a. part parE has been shown by facts and fi e at various times Ures within the past past few tew months The The latest of ot the these o 1 showed hed the extent exten to which commercial loans had been liquidated to a a. p point a approximating normal and to the continued increase in construction op operations H ot these statements which have been a accompanied companied by actual figures iJ that the Far West and Inte intermountain region included in the Twelfth v fed federal e ral reserve reserve district is keeping pace with wih the other other sections of ot the country nry where tl financial a and d recovery economic has progressed to the greatest ex ent I I 2 Reports of ot improving condi conditions lons Indicate that the upward movement movement nt is Is be jg made In tn a a. consistent manner and giving promise of a long era era of activity s and real prosperity without th lh appearance the of ot anything resembling I i a J boom m I In this connection the remark made mado by Chairman Kr of ot the exe ee ut c committee of ot the Southern Pacific a a few days ago is recalled lie He I expressed x th the belief that prosperity is on the way and that conditions already improving but he declared that the great tro trouble ble Is that we are expecting j ja Ja a miracle to happen that happen that prosperity will wU come back at one jump It I will wil wilno no come back that way It I will vU come gradually but if if everyone buckles bucklesS buckles'S S 'S down to hard work the coming will wf be hastened Doing nothing while we JJ wa wait t will wi never bring prosperity |