| Show LOWER INTEREST f fON ON 0 Zions Savings and Trust Company jy i I Directors So Decided T oda 1 y Ji t c J 4 1 TO lo 10 a U l En 1 V N other Oilier tire ire J MA Ill 1 1 lUlu i Mint MIl nt it Jut on elm UI Sloth Moth i Tho directors of ot Zions Saving ri rik fc k Trust hold u I m tide afternoon amid anil th tho ud t n not of ot a I lower Interest rate mute 11 n mm del k io tV J The Thu Is II one that Ihal hits bun natural naturally ly h forced itself II el to the time front by I ro t time the condition of ot the this morn mUI meaty market mark l nt at It timo Iho present time coupled with chit l h n th out outlook outlook t look for 01 time Ihu future After llio timo question had hae been In considered In nil all It 11 its rim ii H II was wast da to recommend a I tin thim i p li I r cent 2 h Interest t on oil saving savins k kitt elsis im int md of t four tour per Iler rent cent which IN is II tin the i Ir rule rulo It I Is quite luite certain that the thir savings banks of or the time city rl win 1111 mt ii raIl fail In inline n line lne and adopt a U 0 similar in m the hear future un tin favorable expressions which f Thu Thai cashier of one ont of I the th l brinks banks In III the nt Il rity Kall Kalil this morning when interviewed the thu proposed propos 11 reduction In tin timi U lut lull of or In Interest Interest Interest terest on deposits I It J j I tm ur uc wo e have a great deal of mon mamon y y In II th tt Ii sav savings I Image ings bunks banks of this city elt and aM tn 11 t i I much money on 01 hand tends t tu to make tt I low 10 rate rte of ot Interest u a necessity lory lory when hem loans can not miot be hI However there Is no nut 10 way WI wL to discourage people from making depos deposits its Is than to reduce the time rute rut of le o Intel I 1 am ur not In 11 favor of ot the change chonge from roam 4 to 10 3 per eI rent an ajit t yur bank cnn can better afford t 1 I i I per percent cent cont than Ihan It can to t discount mr ur HI pres present ent depositors by b a I Ie u t tion n nIn In iii the time rate of Another nother cashier said nul bank batik can dispose of nil all al the e re so 10 as 03 to tl make mal e 4 I per pr pi t t our s r depositors but our will 11 decide about the change chance I mon uin not ot in III favor of ot the time and I think that me Inc time the generally with 11 Several hoard board 8 were sched scheduled tiled for or this afternoon l Ii it li l I the and It I Is Ie sail said that Wit I im major tv Of ot the cashiers ore r not It in n fl faor of fr o the time change the th majority of tin Ih tor trI of the various hank banks nn ar A ir In fr of or time the proposed reduction In Ii fr rates EFFECT ON STOCKS STO 15 S Sf Dealers f D a In ip local lo al stocks are nr keeping kr a ed of reduction In Inthe n the tho cur brokers brol er think It I will wi c r rte tiei te to advance still higher hl hol us as lB tHer are few of the time lending l M tm ik uk which return less le than f S I per JC cent ct nt ani an oOt of ot them h hl 7 or 74 71 7 at a t rf At 21 Deseret National IY mist C t per cert Cent anti and ald it is quoted nt itt lt at itt 39 7 7 C M r I pays pa a n trifle tri 6 at nt Ogden Sugar Su ar narl 0 6 r at nt SIB 18 Utah Sugar SUGar pays and at than 7 1 Home HOle Fire pa paR s a little Ite better r |
