Show FRIDAY EVENING JANUARY 6 192t ULUl Ul LUUUuU REVIEWS YEAR TELLS OUTLOOK Ogden Banker Feels That STANDARD-EXAMINE- MINING AND FINANCIAL—7 R CAMED as a railroad center Ogden is the terminus of three great steam railroad systems and two electric systems airplane picture taken from north portion of Ogden shows railroad fyards of three steam railroad lines with jDenver & Rio Grande Western roundhous e and shops' in foreground Southern Pacifc shops roundhouse and yards in center Ogden Union Railway and Depot company yards Pacific Fruit Express plant street viaduct stretching across entire picture with the Union Ogden unidn depot just gack of Twenty-fourt-h Pacific shops and roundhouse in distance and to right o f picture (Copyright photo by Oakland Aerograph comI pany for Ogden chamber of commerce) Satisfactory Period Is Ahead v-- IJjr GEpHGK S ECCLES iEiecutlve Vice President of First National ami First Savings Banks As the old year passes and Father Time brings into existence the New Year of 1928 everyone Is lookinir over the horixon anxious ly trying to pick out all the bright spots and see if he can look for continued! prosperity There will e as many forecasts as there are eople attempting to make them but after! they are all digested I believe the general opinion win be that we can look forward to a year of continued prosperity The tfnly iway the future can be properly analyzed is to relew past conditions and determine just what part of the business cycle we are now In The history of the past Is always a guide to the prospects of the future Past history has shown! us that a prolonged period of prosperity is terminated by Inflation We: must jail agree that we have enjoyed a prolonged period of prosperity and although a reaction ia not definitely in sight we must keep on the lookout for informa-tor- y signs THE OGDEN i ' 4 - 'zflX 'W J - - ' - - i Sy I ' - ' ' BANK DEPOSITS Commercial Security Has Increaso of $350000 During Year Deposits increased1 $35143142 in the Commercial Security bank during the past year according to the statment of banking conditions on December 31 1927 The total on that day was $2716-1322- 7 compared with $2364-7108- 5 on the corresponding day 1 - r LARGE GAIN of 19?6 Ti - i will-sho- trips between Ogden and Salt Lake City operating large Mack trucks and for perishable freight have a large refrigerator truck covering this same territory Fruit growers manufacturers and packing concerns have found this re service indispensible frigeration and-- are loud In their praise for the service this company has been giving them Produce and manufactured ar ticles 'are delivered right to the door of concerns directly to and betweens the towns of both Ogden and Salt Lake A heavy road tax- as well as a per mile per ton tax is paid by the company to the state and regardless of road conditions or the weather in the few short years that this concern has been operit haa never missed a trip ating I- irst second third and fourth class rates are charged according 10 in© cjassuicauon of the Prod k uct The Ogden offices are locatrrl at 234 4 Grant avenue and their Salt Lake depot is at E4 Smith Second West - - Officials of the Commercial Sethe concurity bank' declare that tinual ' enlargement of bank Indicates the splendid staof Ogden and gives assurbility ance of its continued prosperity Particularly do they point to the fact that the increase in deposits during the past year was nearly twice the annual average during the past five years bank The Commercial Security has splendid banking facilities in its building on Twenty-fourt- h street between Washington and These include Klesel avenuea the commercial and savings department trust department exchange and collection department and safe deposit department Officers of the bank are P Healy chairman of the board Frank J Stevens president A S Patterson Fred M Nye and W II Shearman vice presidents S G Dye cashier and H W Hinley The directors assistant cashier are Patrick Healy Frank J Ste-reW II Shearman David Hickey Miles I Jones A"S' Patterson Joseph O Read John Halls Fred M Nye W C Hunter and Adam Patterson dej-pos- its LARGE BARBER SHOP OPENED Establishment Curley's Xow Employs Four- teen Persons as one of Ogden's larger establishments during the past year la Curley's barber shop at 360 Twenty-fourt- h street owned and managed by C N Cheever Curley shop has 12 chairs and Developed there are 14 employes Only a few years ago - Cheever came to Ogden from Coloradd Springs as a Journeyman barber and then opening a one-cha- ir Even when he first shop decided to locate here he announced his intention of the largest barber 6hop in having Ogden within a few years This determination was carried through slightthan a year ago Since' ly The demand for American wal- thatmore time this shop has attained nut furniture and fittings requires considerable prominence and "Cur-ley- " fifty million feet of walnut lum haa one of the best become ber and S2500rWi-- feet of walnut known men in the business disveneer first working " 0 trict ' j Th year 11927 has not come up to the recolrd breaking year of 1926 It has however been a We continued good mormal year to enlov a hleh lever of industrial rodtfctioit and distribution em ployment and wages railroad traf fic and building construction There are jhowever some unwelcome factors such as excessive capacity increasing competition and declining commodity prices which tend to decrease earnings WIDER PARTICIPATION "Although the volume has not equalled 1926 more people have shared in! the prosperity This is especially true of the agricultural Foi the first time since group 1920 agriculture is catching up with industry and satisfactory crops have been harvested and have been and are being marketed at favorable prices Livestock prices are high and are netting yery substantial profits to the cattle and sheep men The purchasing power of the agricultural sections has Increased S1per cent The industrial field showed good Volumes but decrease in earnings ne automobile industry due to fTord's inactivity has shown a falling off :ot 20 per cent The earnings of the industry as a whole Buuweu u jnuieasfj ot a per centt but if General Motors earnings are eliminated it a drop of 21 per cent Earnings of 199 leading industrial concerns with General Motors eliminated show a This of drop of 14 per cent course has ijieant curtailed production and lunemDlovmnt With Ford activity again and the stimu- - IF ns j Authorized Capital 1000000 Shares at $100 Issued 900000 Shares TRUCK SERVICE IS DEPENDABL Lliaes at Park City Utah Pick Up And Delivery ' I lation of the ijidustry with new models and ilast year's curtailed demand we ivil witness Increased demand withl rlsultant increase in production ahd increased employment This) jkdded purchasing to the industrial group wilt power stimulate-demai- d for products of all kinds There will be increased demand front industrial centers Activity In th4 iron and steel in- It is dustfy is bet om normal 276 per cent beiowa year ago and has resulted in decrease in eam- ent It has how- of 17 ings ever shownpra good increase dur- ing- the last pait of the year and should continue along favorable lines The oil industry due to over production has j suffered in earn- cent Railroad Ings by 63 - r"thii'ik earnings have decreased 9 per cent Building contracts made a substantial Increase during the last this year's quarter and brought of 1 per total to within one-ha- lf cent of a year ago STOCKS ADVANCE Due to the decrease in business activity and the ample supply of available credit in this country we have witnessed during the past year a substantial increase in prices of stocks and bonds as well as increase in brokers' loans indicating that idle funds have gone into the stock speculative market Brokers' loans have increased during the past year nearly a billion dollars and are now at the highest peak of all time Railroad stocks have increased ? : 4 - to the highest prices In their history although railroad earnings are 9 per cent lower than last year Steel stocks oil and motor stocks are all up although the earnings for 1927 are below a year ago The stock prices have reached a point whete the yield tp investors is unuiually low is j approaching the level of the'teom-mercl- al money market rate f With an increase in businesib activity a decline! in the stock fmar-kis in sight jdue to divertifig of some of the surplus funds Ifrom the securities market Into industrial channels This will no doubt result in a slight tightening of money rates However! due to our very satisfactory credit ' conditions and prospects fbr improved industrial activity along with the? increase in agricultural purchasing power we are in a position to withstand decline in the securities market without seriously affecting businesl confidence I The reservoir of credit in this country a very souihd position f PERT REDUCED Government finances are in a with very satisfactory condition government obligations selling at the highest priciea in their history The public debt has been aubstan-tiall- y reduced 41ong with refunding at lower rites which isaves millions of dollars a year in Interest to the government Ws can expect a reduction in our taxes 01 Conduring the present session ' I j § gress Foreign conditions are becoming better all1 the time and we have witnessed1 improved credit and exchange conditions in all the This is an important countries in important factor to prosperity i this country v With this review of 1927 it looks as though we dan expect a good 1928 There should be a large volum of production and of gotds with increased demand from industrial and commercial centers augmented by enhanced farm buying power f The public's purchasing power should be closely watched There is an optimistic forecast regarding industry and it is fully justified There is also a possible firming up in Ifcommodlty prices which will hel$ profits upward However the financial side of the We can picture bears fpitching expect a reaction in the stock mar ket due to increased demand for credit from the increased industrial activity which will x divert funds from stock speculation to industrial channels This will call for a firming of " interest rates h n slightly We are facing a presidential campaign but there is no political uncertainty which should greatly affect business' On the whole theref0re 1928 prospects are fav ! orable " r ' Advantages Offered v 5 economic reaction in one section of the country will have some influence on local conditions We must not close our eyes to conditions of the nation or iho world JACKET FROCK A red tullw evening gown hasr a sleeveless jacket of red embroidered in gold black and yellow design Its wide sash and large hip bow is of taffeta Office Continental National Bank Bldg By Company Salt Lake City Utah According to Manager Art Burton of the Salt Lake Transporta tion company lazv nas been a banner year for this concern which operates a trucking service between Ogden and Salt Lake and which for the past few years has been giving the merchants and manufacturers a pick-u- p and delivery service that has met with the approval of all who have done business with this well known firm This concern makes four daily " i OFFICERS AND DIRECTORS f Ernest Bamberger Pres 3j B McCornick Alfred Frank Vice Pres Clarence Bamberger and General Manager H S Cohen N A Dunyon J C Lynch et -- is-i- n - For the furnace or heater "BURNSRIGHT" Coal is the most' economical fuel you can buy "BURNSRIGHT" lias few ashes It burns with a long hot flame producing intense heat t con-sujnpti- Buyers of Gold Silver Lead and Copper Ores Mattes Bullion arid Furnace Products on BURNSRIGHT'- - lasts longer IlmeU in Carbon County Utah by the 2 wmtt ®b Headquarters— Ogden Utah y I HIWyii-i- iiuiuLy m i Operating IiOCAIi SUMMARY Copper Smelter at Garfield Utah Lead Smelter at Murray Utah If i Locally we have passed through a year of ratherf Inactive business for the first half of 1927 dfe to poor crops of 196 ho!wever jwith the good 1927 eopsand satfefac-tor- y prices business ipicked up considerably until We can sayjjthat it turned out tofe a good normal year With the Increase in (agricultural purchasing power brought about by good f rbps aind satisfactory prices alsb j high rcattlel and wool market te can expect increased business I activity dfring 1928 This sectSojn of the contry is in the good section of the business map' and shouldlcon-tinu- e so throughout 1928 We are also I witnessing locally increased industrial activity The milling companies are expanding to meet increased volume and the stockyards are growing to be a more important factor in the development of the livestock business of the intermountain country The canning industry is being put on a sounder financial footing so that it can meet the increased de mands from production Thej sugar industry hwa satisfactory business although the voluiie is still not entirely Isuffijcient Bank deposits both commercial and savings :show substantial growth and ' thfe Icredit structure provided by ouSt financial institutions is very satisfactory with plenty of available credit for all legitimate btrsiries requirements WIDE iKtfUENCE f We must always bear in rnind the fact that if cat ' conditions depend largely on and iare affected by national conditions and natiori al conditions are in turn affected by international conditions : An $ ii M r- - - Amei ican Smelting & Refining Company 700 McCornick Block y Salt Lake City Utah 1 1 ft v it ": Address all Communications on Smelter Business to 1 ::iv:-Lv:-i:v- 'A 'k I - J x ? 0 Am 5 i r J r i y I ''- - n: V' Si v y" 'jtf- r ( fy ' J ftp f 4 j j f ? 1 " V 2 ' Trip Loaded With "Burnsright" Coal at Mine Mouth |