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Show A JOURNAL CACyE VALLEYS ONLY ASSOCIATED PliESS DAILY NEWSPAPER , SECOND SE choN VOLUME LIII. LOGAN, CACHE COUNTY, UTAH. ' EMINENT STATISTICIAN BELIEVES PRESSURE IS S VTl LARGEST 5s: NUMBER 68 ltDAY, MARCH 22, 1930. GENERAL BUSINESS CONDITIONS From FOR dii Moodily Litter fHH downward trend of I commodity prices since unquestionably Jiruairy has proven to Be a greater factor in the trade situation than previously had Been anticipated say the monthly economic review of the National City Bank of New York. "So far as immediate are concerned, it is to be considered that last year's crops of grain and cotton already have passed for the most part out af farmers' hands, but in industry and trade the decline of raw materials has exercised a retarding influence." Discussing the movement, the review goes on to say; It does not require resort to monetary theories to account for this decline. Where expansion clearly outruns normal growth there is little need to press for a more remote and doubtful explanation. The world has made great industrial progress in the last decade and by any standard of value related to human labor many commodities would naturally; show declining costs." AND HIGHEST PRICED NET PAID CIRCULATION foe March Issued by T he Notional off until they tan ga:n an understanding of the nc.v. Mt.iation or have are convinced" that V, n nobody-ireached bottom. ready to buy and ho' dor ate determined tO.seX'tJr vihat they can get, prices lose H i tte .but tiny spread alarm. ' "Situations more , or less hke h.ue dethis," says the veloped many tin s bef're, blit Gty Dr. George Stewalrt Gives Instructions PROVIDENCE Bank of New York DEPARTMENT outstanding feature on the constructive side, the bank notes the sength and activity of the steel industry in which the rail- roads and farm implement companies have been leading factors. For Home Gardens Mrs. Fred Jensen Correspondent the At the opportune time during the Beautification season, ' committee of the Logan Chamber of Commerce 1411 present sugges350 Served lAt tions as to planting of trees, Evidence of the confidence of the and stimulate flowers.' shrubs steel industry in its own future Stimulated Bond Seen as beautification in general. FollowWard appears in its adoption of an exing are good suggestions Cause pansion prpgrjyn involving of soils by Dr. George since the war. Ingest Dinner-Progra- m Stewart of the U. S. A. C.: Impetus in BuildingJShould Follow; An interesting feature of this the organization by wh.th the In order to get the best results world earns its living and supph'cs months review by the bank is a with flowers, the soil should be tiabson Park, Florida, Mar. 22 its wants has an automatic tabulation of the annual earning Powerful economic and Providence The ward reunion plowed or spaded In the fall. Howns equil statements of more than fifteen method of recover political forces are now operating to keep money rates low. There that it has hundred companies showing last was held In the pavilion on Friday ever,,, if this has not been done, ibrium, usually find are three good reasons for this. First, business is quiet and, more to fear from l ie remedies vear to have established a new for all over fourteen years of age. good "results may still be obtained therefore, does not need its normal amount of credit. Second, A delicious dinner was served .to by doing theplowing or spadnjng proposed than from t e ailment high record in earnings 13 per early as possible in the spring. itself. cent over last year, with industry interest rates have dropped all over the world, and the United three hundred and fifty. The fol- as The use of proper 1920-2- 1 rendered: as a whole in a strong balance was the world quantities whole In program lowing States as a world financial center, must keep in line. The Bank of and the proper kind of farm was directly involve tn a fall of sheet position. K. A. Theurer conducCounselor 4 is manure rate essential to now is the makat per cent, and the Federal Reserve redisEngland led by With reference to the bond prices compared w,th which the ting. Community singing, Conrad a bed. flower of The good count rate has recently ben lowered to 3 2 per cent. Authoriing market during the month, the general declines now causing invocation, J. E. Spuhler; sooner this can be looked after were inugnitirdnt. Be- bank reports an improved tone solo, Homer Gessel; ties feel that the powering of our rate was necessary to prevent a sornet" Alder; f the better. The best' kind of tween, the month ( ilav, 1920, and action due to an easing in comic speech, E. P. Hansen; violin manure pull to this country of the worlds gold. Is some that has been In Resumption of gold and tb month of June, l'21, the money rates and a sharp decline vocal duet, IonC solo. Fuhriman; leaders-wanis t a pile sufficiently long to be. well the last thing our banking Bureau of Labor index number in the offering of new issues. to see. Third, imports Gretta E. and Theurer; J Spuhler fell from for all commodities the administration at Washington wants low money'to stimulate Dealers are reporting a more male rotted so that It will work up into reading, Melba Theurer; 251.2 to 123.0, and the index numfine particles. If this can be obactive demand for' all classes of Grande Le Tbuilding and. relieve unemployment. Pressure to keep rates low,, i E. J. Spuhler. from1 fell quartet, ber for raw commodities review e the tained, enough to cover quantity bonds," will be strong particularly in view of the coming November Stlrland, A. L. Baer and Alma the, soil about three or four inch24f8 to 109.5, ' Notdintr of this says.. "Domestic buying of munseveral rendered who Leonhardt, occurred is or ind has elections. es in depth should be placed on possible. "Moreover," continues the reicipal and corporate issues was numbers; reading, La Von Zollin- the surface at the earliest possible more active in February. Bonds view, the business situation durBishmade were remarks by ger; Aside from lowering the rediscount rate to 3 2 per rent, the time. It is not necessary to ing recent months has sustained tlons, the bank observes that, in the hands of dealers are reW. Counselor A. M. " Hammond, op wait until the ground Is business has had "an encouragFederal Reserve System can release further credit which will two shocks, first from the stock ported to be steadily dwindling. dry R--. Zollinger and Pres. O. H. Budge enough to worl, as the spring market, for which it vy in some ing recovery from the low point, Institutional demand has accountoperate to --keep market rates low through the simple expedient stake. of the Logan vt, storms will leach a good deal of degree prepared ami then from but the situation, still lacks bal- ed for most of the recent bond of making heav.ier.pur chases. ot government securities. Such a was the fertilizing Sham down the fall of certairileading material ance, and it is itot vct clear as to buying and there are at present, A one act play; fof whlch it was not pre- how soon iuU- Jecbverv .mayie juo indications of any slackening policy now seems likely to be followed. Call money ratq are now following cast: through' the manure into the Soil the rendered by -h around 3 2 to 4 per cent whereas a year ago they were 10 perpared. Either in stock markets expected" Much will depend of Interest fromrthit"SOUtTS." early as this. Joseph" Mr Campbell,- Fred Aide iv eves or commodity markets, prices upon the course of the automo- feature of the month was the deLovisa Maughan, and well manure cannot rotted Jensen If Frank cent. Commercial paper rates are now from 4 4 to 4 2 per cent of a strong European falling in a disorderly manner ex- bile and building industries, which velopment The remainder of the evening was be obtained, fresh manure may bo whereas they were 5 2 to 6 per cent last year. Rates on 60 to 90 cite alarm and trading conditions are now greatly curtailed, with demand for foreign dollar bonds town of Out used in about ti$e same quantities spent in dancing. are quickly changed. Buyers hold immediate outlook uncertain. As listed on the New York market. . day acceptances are now 3 2 to 3 3-- 8 per cent compared with folks who were in attendance but care should be taken to see OH. 4 5 were: President and Mrs. that it doesnot contain much per cent last year. Budge, President and Mrs. A. E. straw or other, coarse materiaL Rond Market Should Be Greatly Stimulated Andersen, Mrs. Nuffer. Mrs. John Manure that Is full of straw is. Barfuss and Mr. and Mrs. Fred of course, better than not having I look to see the most immediate and pronounced effect of manure at all, but it 19 so much Garrett. lower money on the bond market. There are several reasons why more desirable to avoid this straw On Saturday afternoon the pri- that a person can afford to go to this should be so. First of all, the member barfiks of the Federal mary took charge and the child- some trouble to obtain quantity Reserve System will use a large part of any additional credit to -ren were entertained with a dance, sufficient for flower beds that one act comedy and program. does not have buy bond? since they cannot employ all elf it in commercial loans any great quantity, one hundred to served was Dinner because of the slack demand. Moreover, tjhese member banks are of straw in it, or else that has children. straw In It, or else that, has straw now pretty well paid up on their rediscounts and are in a position Lake Mrs. John Birfuss of Salt which Is well decayed. to make heavier purchases of investment securities.. This should ATTEND GAME When the soil becomes dry spent part of list week with her be a decided stimulus to bond buying and hence a factor toward MEETING Mr. and Mrs. Michael enough to permit working, this parents, ' can. be spaded - or - forked, up, for .. . . . Hyrum Our sportsmen, throuh Dattage. higher bond prices. O. H. Birch, president of the the small beds or plowed very care- -, Stirland Verda Miss spent Most Active of Hyde PJayed Bishop For flower week-en- d Another immediate cause for stimulation of bond prices is the Hyrum fish an game associawith her mother, Mrs. fully for larger ones. Rul-o- n, beds It Is much better to use the brother and economic law that as interest rates decline bond prices improve. tion received a 'special invitation Stirland Rosina in Church of Rold Scenes Activity from President Lorenzo J. Bott, ot who recently returned from spade or fork If this can be done Being fixed interest bearing securities bond interest rates cannot the Box Elder Fish and Game in northwestern states mission. as the manure can be more the Days be reduce so they conform to the general rate for money by a association, to bw present at t! mixed with the soil. We are happy- to have Albert, thoroughly rise in market prices which reduces the yield to the level of the sport's jamboree, and elk luntlj plants, the best 'depth us again after being For most as Join Renner W. G.Tteese ' held af the Brigham armory about eon, far as the spade or going market. Holders of good kinds bought at a discount natur- on confined to hla home during the is' On fork will go into the soil. Thursday night March 20. ' one Cache no" of in the loaders months. winter settlement ally benefit from this price appreciation. the valley Among H. C. H. Ralph, Messrs, O. Birch, land that is somewhat clayey in Alton and. to and devotion Alti evidence cause of Jacobsen the Misses and Jack 'Lawritzen has given greater fidelity its nature, precautions should be A third "effect of cheap nioney will be to stimulate the issue P. L. Clark accepted the- - invitation And went for which the people had been driven from their homes in Mis- Peterson- - were brief visitors at takeq not to attempt working ur-t-il of municipal bonds. States, cities and towns will be much more over These gentleto Brigham. it is dry enough to be worked had gathered from many European countries and from the (Continued on Page six) without the risk of making clods, willing to borrow by bond issue when they can get the money for men report one of the finest times souri, whom man William had the for islands of sea than the Ilyde, A person can tell this by noticing from 3 to 4 per cent than when they have to pay 5 to 6 per cent. of the kind they had ever- had. hundred en Hyde Park was named, and who was made its first bishop, July I If the soil when it Is dug up. Revival of interest in the municipal bond market will naturally Upwards of three were thuslastic sportsmen present, it can be crumbled down readily bonds. for other market 1860y the help and- listened to interesting talks, into a fine mass, it is then dry on such subjects as the Bear River It is safe to say'Ahat no man ever served a people as bishop enough, but if it is still sticky, it Aside from the effect of money"" rates, bonds are helped by the game bird sanctuary by. Engineer who was more highly respected and loved than was this capable is necessary to wait a little longcurrent trend of declining commodity prices. In the L. M. Wlnsor; Phesants and their man. It was a er. Sand soil has the advantage different .the people representing tendency among it is the purchasing power which determines the value of a bond, that it can be woked at almost nationalities to manifest a disposition of clanishness; but Bishop any time. and as the general price level, of commodities declines their purWhen the proper tfhae for digHyde by precept and example taught. the people, over whom he chasing power advances. .has come, the soil and the of such an attitude among the people Ward Reunion the ging presided, absurdity , . manure should be thoroughly Easy money of itself need not cause excessive stock specula-exwho" themselves had church identified the with that taught mixed, even .f it is necessary to tion. In every period of low stock prices money rates have- - also are one ye are not mine,- - who had left their homes in cept ye up the bed a second time. Many djg been at low levels. It is true, of course, that, given k rising trend other lands for the gospel for which they hat! suffered mu After that, it is raked over rathof commodity prices and increasing industrial profits, easy money er carefully on top and allowed ' While the population of Hyde Park was small, it was. made conditions are favorable to rising stock prices. That there is River Heights The reunion was to stand for a few days before for stock market as a result of the present little danger of a run-awa- y up of people from different states of the union: England, Shot helck Monday .and Tuesday were planting seeds. Bulbs and plants that are set out by transplantmembers of the ward. There land, Wales, Denmark, Norway and Swtl'.en, all worked, likely froip the fact that commodity policy of tables, which extended ing can be started at once if the business . prices are still declining, and the outloolc - for ' general enjoyed themselves together in the dances and in two long from one end of the hall to the right time -- ha? arrived. A brief statement about soil Mrs. Theodore Gessell .and Mrs. their theatrical offerings.' Unitedly they" constructed their canals other, laden with" good things to profits in the immediate future Apinins uncertain. Therefore, . the banking authorities are inclined to believe they can safely jof&T Glnos of Logan were lunch-increa- made their roads and fenced their large enclosurestheir farms eat Each table was set twice for bacteria will probably do to make clear the reason the supply of credit and maintain low rates without eon guests of Mrs. Joseph M were fenced as one field. To bring about these' desirable condi- the cooks. The .tables were decor- for the kind of soil treatment reafternoon. tions on of Jenson potted Wednesday a no leader of a have to stock with' variety was of ability. ated ordinary risk speculation. necessary encouraging the jt unduly running Piant foods are obcommended. program Mrs. Lawrence . Humphreys enAn appropriate he As stated above man. had a was 'such given, plants. from decaying matter such consisttained In afternoon Bishopof Hyde chapel the tertained on Sunday was Some Kinds of Building Vill Be Stimulated Let-us- . given give evidence of this qualifications as a leader. In honor of the eleventh birth- proof music and recitations. as farm manure and from minering ot son . the soil. The bacteria alstatement. A Zeltha'. kinds of i It her to able will certain of tables were cleared als in occur he f building, daughter, avoi After IliLsy. money day in. the soil but must with-elev- en beautiful-birthda- y ready, cake .wasen)oyedaDd wlil help along the government and municipaTprojects by making havw-w- ar air weu 11, 1810, WillianTTlyile wasHborn m tHetbwnof &way,danctng table. centered the September candles home feeling alive in order to thrive. it easier to float bonds. The same is, true in certain public utility, Covers were laid for Pheobe Jes-so- p, York, Lexington county, N. Y. He was the'son of Herman and all returned Being was out. Dinner for coming also have to have some form triutrondi and industrial construction. It does not mean, however, Barbara Cutler Dorthy Lar- Polly (Tiklen) Hyde, both of Strafford, Orange county,, Ver paid served to approximately 170 people they of energy - which can best Larwill Monttsipod son Larsonr . that are overdone, experience Georgia" already r rm ge Uw y moved to Freedom, the first .day. types of buildingthat Som mlime a f t er--t hXr-m- H tnontr be Jtfcexcreta.troiTl Stella was suplledJn and ' a further boom and Fern low son, dinner available at Jessop Tuesday afternoon merely because money becomes animals. In addition, the manure LN- - Y.. where he cleared the timber from the land and improved Iverson. and school 55 primary to as well considered served n must be demand and of millions-upomillions of The law . rates. supply dinner contains which are' added Smith 6f Smithfield a large farm. He also carried on a business in wool carding and children, ' following the to the bacteria t" as money supply. Futhermore, mortgage money for? residential andMrs.Mr,Lorin "of Salt Avel the wealth and In family were occupied Jeppson' respectability played. games' for the increased Lake City were " brief -- visitors- on s Mr.1 number, already present In the with visited - A purposes is still tight arid It may take some-tim.fcw friends social good 'position.""'""' soil, ... Besides supplying.bacteria, real Wednesday afternoon at the and Mrs. John Lundberg, Friday supply of credit in the financial centers to spread out into the gov-ernmanure is very valuable in mak- -' Mrs. Mrs. ofof of home sister their and Book celebration heard field Joseph are the the in 1830 Mormon,'in In about this largely family evening estate mortgage field. Conditions ng compact soils rather loose and were M. Jenson Covers redisElders expound the Lundbergs birthday. seeping it in the crumbly condiwas given a after careful investigation, and hearing the by local circumstances and will- await a general was Jenson Miss Inez 10. The evening laid for tion that is known as good 'tilth.' tribution of credit before responding- to the central banking very pleasant surprise on Tues- gospel they were converted and joined the Church of Jesus spent in playing dominoes. - soils are- ' put bv better Sandymoved Latter-da- y lie with To their Saints. people of of her a number Christ they Nilson by Albert easier of day Mrs. evening and money. Mr. , policies tilth being compacted somefriends. Games formed the en- to Kirtland in the spring of 1836. In the spring of 1838 William motored to Pocatello Saturday on what. by This is brought about by tertainment. , Dainty Easy Money A Helpful Factor to Business But Effect left his fathers house and traveled 1.800 miles to Far West, Mis- business. the better waterholding power were Those served. Mr. and Mrs. John Lundberg that well decomposed sufferMay Be Delayed. manure terrible the he where persecution through passed souri, Dora were Curtis, Jessop, present Mrs. Laura Wilson motored gives to either a compact or to' a Larson,'-Dorothed by the Saints i.n that locality. Later he went to Quincy, III., and Waldamer to Salt Lake Saturday . to visit lose soil. As already stated, easy money conditions will prove of im- Johnson, When in this --condition Larwere violence to mob and Larson, Lloyd where he found his parents. Owing they witn relatives and friends of good tilth, air and warmth mediate helji to the bond market. Later building of certain types son. to leave and cast their lot with their people in the Miss Ester Olson spent, a few penetrate most fshould be stimulated, and finally the beneficial effects should be Mr. and, Mrs. Hans L. Nil son compelled readily. William remained days in Salt Lake visiting with where October 1839, of 1, &avoo, be to founding' are spots on still. rough There many returned .horn? Wednesday, felt on general business. friends Elder Dusette called with a was he as when six missionary where to reason Soda days from they 'Springs ironed out. Plentiful credit ip itself is not a sufficient Olson spent Friday Mother Dies From have $penit the past few days. to preach the gospel through the states of Illinois, Indiana and In Miss Anna citv. Brigham ejcpect ap immediate boom jn business. If the commodity . price M. JenMrs. Mr. and Joseph where they labored without" purse orscrip for three SPENDS WINTER situation offers no incentive tcexpansion, money rates, alone can- son and son Emuel were supper Michigan Accidental . IN CLEARFIELD . months. business recessions, in . past not do it. Money has been plentiful guests of Mr. and Mrs. Lorin ' home returned William Olson has in 1840, Carl held 7, Hyde Nauvoo, conference a April At Smltl of Smithfield on Sunday but only when the readjustment was complete have its beneficial of after visiting with his daughter, Twin Falls, March 21 (AP) was ordained a Seventy and became a member of a fjuoj-uMrs. Fred Buckley, in Clearfield Burns she received last effects begun to be felt. Low money is a favorable factor to busi- evening. of Hector of Mrs. and Mr. to state mission a on the sent was Draper he Soon after Seventies. Saturday ness in that It removes the serious retarding influence which Halllday were brief visitors at during the winter. when a kitchen fire exploded a visited On their Elder with Ilerrett. way in Maine Rider they low Thomas Mrs. company Mr. of and this can of gasoline in her hands the home of Mrs. Engra Larson high money rates impose In other words, whoquestion Kirtland and preached in the temple. Traveling and preaching as spent Sunday in Logan visiting caused the was treed by a on Tuesday afternoon. death here yesterday money rates and business is like the negro on relatives. Fox with Island, Mrs. Ross Hapcey of Logan opportunity offered, he and his companion arrived of Mrs. Marie Bahnet. mother of bear. He prayed: O Lohdt if you cant help me, for goodness children Helien and Mrs. Haney two children and wife of K. M. spent the week end with her Penobscot Bayy, Maine. They were successful here in making Ed Anthony, spent Bahnet of Buhl. sakes dont help that bear. Similarly, all that business asks is parents, Mr. and Mrs. John Win-bu- off He- and his companion had an attack of accompanied by to the converts will gospel. least the at Mr. . and Sunday with way A child bom to Mrs. . Bahnet that money conditions remain neutral Then, succumbed. Elder Hyde Saturday and Mrs. Lewis Bowen. H. G. Hughes of Mendon gave typhus fever to which his companion after the accident will be buried be prepared for fetter times when other factors m the situation he when SACRAMENT a talk In Mutual - on Tuesday continued his labors in Maine until March 28, 1841, with her. are right for an upward trend. ' r to Nauvoo. He fell in with a company SERVICE SPEAKERS , return his evening. journey began below normal cent 6 A ventilator- - pipe surrounds the per - Business by the Babsonchart is now The main speakers In the Sac Mr' and Mrs. Wllford Anderon their way to this place. In this company he met rameht were smokestack of a poultry brooder at this time a jear ago. son were supper .guests of Mr,. of Saint? meeting Sunday wife. his made he later whom compared with 5 per cent above normal H. Aprli Bullard, Miss Elizabeth stove that a Californian ftas patFinnm-la- l (Continued on Page six) Bureau) . ented to avert fire danger. , (Continued on Page Three) 1930 milifcln-r(Copyright COIIIIHUED LOVf MONEY RATES Ef Market fect-UEfcono- Lawn Operating mic Resultant ts 1-- S s the . . Reunion O, ha-k- 11 1 high-grad- 1-- , : 1-- 1-- 1-- 1-- 1-- - WILLIAM HYBE, MEMBER OF THE MORMON BAlTALIOil, A MAN OF i ' WIDE AND VARIED PIONEER LIFE Park First S Early - . -- RIVER last-analysi- s DI5P ARTMENl Draws nd eay-meneyse- con-sirea- se nd- -- cloth-dressin- g. e -- - ed - . - refresh-refreshme- , ' Burns v rg - s . ' r V |
