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Show l- -- 14 - - v .THE CHRISTMAS Banks arid Banking Prosperity Reflected in Financial Circles. iuAKE CITY and Utah ar SALT Vqrim of an area. of prol- not been perltg, auci as hasWorld war, Nosince the where la this nmra evident than In an Rhlyi nfth banking alnrt-lio- n during th past year ami the outlook foil the year Jo ootne, It ficted by Mirren. d bank am) nuirmvniU saving AVT llepo-l- t. The omlltiou of the monks in an Halt Luke y throughout the Hta(r alibwa a matcimlf improvement over 4 icitr ngtr Trio I Vder.il I 11 Indlaio hen At the j car 1m correpindnlig imf hint generally la rvBcted hi proeent ofl business, com men I. m tint ami tu'tivme; sugar Improvement in the l$ct more. I perhaps, industry has doneI financial Kit nato help the lorn tion. Tho rritry of now industries, hit in Kuo'tnf tnnk n report! the romtVn mink throughout than letrr torriiory outoida capital. also bringing helped to ImpraVf th situation. With the arrival of pros perous Union him coma a reduced Aleinflnd Ur upon tho Federal servo bunk for hel This la, a good I sign, meshing that money la and collection improving; With thp market for sugar beet crop were harimproving larger year vested tliit season than the bttf-gbefore, with prospect for atiltfarm-era one next yenr. Thia year received 15.50 a ton for thelf beeta and two dividends have been Jt paid under 'the pew centrum meana that the- sugar Industry upon which tlah I so dependent la into its own and that again coming prosperity ia aaam upon thia city and atate to a degree never before realised. The banks report that ample money m avntlnbta for loans- on adequate security. - Thfs also ils DECEMBER NEWS, rUtah Metal Works 1 ' ' winter trade, of Active Sign Want mr during the early autumn, of Utah, acetone in all appeared lirtnk credit' for financing of business activity a well aa for the harvesting of cFtn haa continued tho Monthly Hevlow abundantly, if ttmdhcM rnhdltfiMie, iitaued hy bank, report the l.erul Iteservd No abatement .f productive f nvHv in the principal industries the ttaie appear, and there i even of than a seasonable aituuiiit inpayment reporteiV ImprovtHl Condition. As an imfb iHon bf an lmptv.l f.itam lul tnmlHMm tf Salt lnh tV tight6 local tunki reported mi In to wi log aeroutil thei out" 4ituPec. 1923, per c nf 'month of last e.ir, uf 12 That this' situation l more or - true throughout the Twelfth d Ktrit t, of which IViln d itah i a part, is shown ty the report of ihu Monthly Review, which calr - Babbitts Solders Type Metal . Ufid All White Metal Alloys To- Kive 'l Iatv $9,000,000. bink deircased ' I Yoiire Sate Use" a Federal ! hfanufacturert of oT Total loa'n of 65 reporting hank in the principal! title of the dkNtvtct ondudmg Suit, laitfe) deh'Oct. clined from $1,000,4)uo.oo tin Oct.' JO 1323, to l393.00i.000 11, and then Increased to 9$9.00p,-00- 0 net deon Nuv. 7, making cline during the four weeks kf During the corresponding period of 1932, there wan sn of 35.000 000 during the same period of tirnN and deposit increased $12,000,00 during the mme- time. Borrowings frutn the 3923 15 r METALS t UTAH Hayes AveJ it A Phone Was. 5188 133 Thirty-eig- of the 97 A Lively Banking Problem - hanking of the state have a Institution CApital between $25,000 and $50. others hav e a quo thlr tal between $50,000 and between $100,000 and $250 twelve, 000; eight less than $25.i000; five and $50tl.00; two $250,000 between between $500,000 and (1.000.00 one of $1,000,000. Deposits in and these banks amounted on Nov. 30 Branch hanking bid, fair to a populur .object. There Is now bef.tr the Suppreme Court case in which the State of Missouri in connection with , has undertaken, branch bankltipr, to tell a national hanl what It may and piay not do tjnder it. national charter. The ;6 1 appear, Department of Justice ha ? ed lii the Court to content any such a of on ta'e. the part right After obtaining the opinion of of Justice tho the Department . sr Comptroller of the Currency has issued regulation, to na-- r recently them that tional banka, telling case open they cannot in . any own Zion's Savings & Trust . J1.0 )0 0oo $ cities outside brailche. ,tlleir. Walker Bro. Bunkers .. $50,0001 and that branches cannot under-tak- o Continental National . .. 600,000 any business except matters Utah State National . .. SOO.OOOp at & routine character. 500,000 Ieseret National the banking fraternity While f 500.0001 .Deseret fctavings . was! regulations, mulling over theseBoard 300,000 National Copper tackled Reserve the (Federal 300,0001 A Trust. IHah Havings - the 250.0001 question from, another angle, , Columbia Trust Co. . . not was unn. it that 23k,600l announcing Tracy Loan A Trust Co. imous In Its decision, but had a Total ,$5,038,600 $2,140,840 $1 $45,211,132 !$17,$0l,327 ($21.794,083 within majority and minorityheldpartv OriO mark, . itself. that after shown by the building activities in The majority Improvement in the condition of to well over the $100.000. would retrust companies, Halt Bake during the past year, it state and ft is estimated thai the inbanks, February 1 the toBoad in over societies run will crease loan so and last membership this is pointed out. Money rates show . year fuse to admit building fnl forth is reported. The period if de- - close td the $lfr,000,00a jmark. an easier tendency. the reserve) system a state ofbank Its fkition nn outside at appears practically The 10 banks of Salt Lks City which had branches Increase In CTcarlug. and it is evident that the! peak have a combined total capital of own community. The point of view Likewise a material increase in end will again soon be reached.) which led to this conclusion was 600, an don Nov. 30. 1923. Halt Lake in $.08. bank cleorings City una total surplus Of I2.140i.940, that, as members of the system Era Of Frosperiiy. j reflects the arrival of better times. be on approximate terms of should divided to, . The bank "profits amounting clearing of the Salt Lake n of As indicative of a now with outstanding loans and equality and national banks cannot City banks affiliated with the Halt prosperity, the Continental Nationbranches outside of their discount to have $5,211,132. amounting Lake Clearing Hotise for the first al bank, which in 1922 absorbed Their investments aggregated communities, state banks desiring eleven months of this year amountNational bank the of the Republic, iresmircea 32? come and ito other into the reserve system pash ed to $700.456, 4V0- 66, as against is rapidly completing its new ihome to I of their should $21,794 082 . stay Ainside $594,177,220.09 for the first eleven at South of Second and communities. Condition of Bank. minority o fthe months of 1922. and $671,653,-.916.4Main streets. This structure, Whicn Board Reserve of the 'members of 1922. for the entirety .'The following table sfiow the will .cost in excess of 61.00D.0o0. la erroneous, is one of the tallest skyNcruperV condition of banks from which the 'think such n position Board Ten Halt Lake City hanks havshould Reserve In the city. Its erection shows conforegoing figures were tabulated, jin that the ing a total capital of $5,038,600 rebank fidence in the future of the! city .reported bv the local batiks as of not attempt to tell a statereserve 30. 1923, deposits ported on Nov. c W believed by officers Of the that, .when it enters the And Nov. 30, 1923: it of Nine to $70,751,647. amounting cannot it exercise rights ineystem. bifer Every month during (he yvir conferred upon it these. .Valker Brothers, Bankers bank that it will proveof amone by it state. big showed increased bank clearing the Utah State National bank, the centive to the erection over the corresponding month of Continental National bank, the buildings within the near future. ' It Js hoped that 1923 will see 1922. The following table shows Veterinary Hospital Has Deseret National bank, the Deseret a comparison, by month!, for the Saving bank, the National Copper taken toward j condefinite 1$ loved to New Location hank, the Utah Havings A Trut struction steps of a permanent building first eleven mohths of 1923 and the company, the Columbia Trust comof 1922: Federal Reserve bankj The for the entirety pany and the Tracy Loan A Trust' Jte 'for this structure has been HE new location of the Halt Halt Lake City Bcuk Oo&rtnir. House company are members of the Fed- - cleared, the Old Gardo ake Veterinary Hospital on From the records of the jftntt Lake eral Reserve bank. The is site been wrecked. having south State street formerly the Clearing House. Association The year just ending bus seen no one of the best In the city, situatClearing, Oil Villa, gives Halt Lake one of the bank failures in Halt Lake City, ed at the corner of State and South finest hospital In the entire counhave Temple? streets. The Sait Lake Fedbusiness railures and serves of bank Reserve all eral materially reduced under the try devote to animal treatment. Utah and southern Idaho. year. n addition to a big reception room And office there are thine'- - rooms (divided into ward. These include tthe surgical vurd. hoarding ward. c.t ward, contagious disease ward and skin disease ward. The opert co.npleti lv equipped. , ating room g In the kitclicn dog foods are pre- ,j The aecrptnnre market is Teport-es- t to have changed but little recently. ity hanks Have been In the market only occasionally, it t? while the increased dei reported maud for acceptances try banks has been smaller tjhan Is usual for the season of the jjear. J . ' , $17.-30- 1. r 5, . i 1 Structural Steel Builders Steel of Every Description Reinforcing Bars. w Prompt Deliveries From Stock. Lead-Zin- c : lead-sin- Minneapolis Steel 803-6-- 7 S New hoc te Building. & Machinery Co. Salt Lake City Sperafion. j ewr .ih During the cooung.f'cal on Jnterninuiitaln experiment It Lnks of the bureau of minej. tto natter of 'ity, will investigate M'parntion Abf t ion and flotatmnj J. on rwar.h fciiw h.! tuned to this problem, Ktsrtea on a .ha w been ore fiom the ltU O Ustrfct. This $rk t in tion With the Universitydien Halt Lak.' .Mining s e to original recipes 'pared accord t rmvn, th proprietor, by lr. L A are made fresh every day. The tnd Is so commodious that am. hopital for runways and pie room is given 'jnrds. part of which is xerciing for covered ue in inclement ftaenthcr. Dr Brown, was formerly nted wih the Fresno Veterinin luiHb ary hospital He hu here since November, 192J. hs location heiame imide. )His first ijtuate am! he purchased the present lioratiun. Birds are aDq taken care of at lihi lnHtitutioit either when sick hoarding purpose whn ths wner ll ayiny. os-;p- lo-- fr |
