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Show GOOD TIMES ARE NEAR' SAYS-' BANKER .', Like all the leaders in the flaan-clal, flaan-clal, industrial and general iraJo world, and who havo been la a position po-sition to feel tho pulso of busmtM and study tho situation and tho actual ac-tual trend of affairs, M. H. Sowli's, vlco presldon of McCornlck ft Co , bankero of Salt Lako City, taken most optimistic vlow of the outlook nd gives some salient icasons fc. the favorablo change In conditions' and to give weight to his predtctlio! Of a continuation of the lmpro '( ! ment. I "The coming of tho new year .has undoubtedly brought Increased coiP ftdence In industry and finance throughout tho country and a strong undercurrent of constructive optim. Ism Is apparent on every hand," Mr. Sowlea declared. Continuing, h said: "Tho tremendous changes of iibt ear, marklrlg a period of sudden reaction nnd liquidation, In almost every direction, has put so many nJi justments behind ua that wo csn look forward to tho coming year with tho strong conviction that bettor bet-tor times aro ahead of us and that we havo already passed through a.rl discounted many of tho Inevitable results of tho, Jhrco or fpur yun of Inflation and frenxled expansion that havo preceded. There is no doubt that the other countries of tho world'aro gradually working Into In-to better positions, and during tho coming year tho foreign exchano situation Should bpgln to right Itself and many factions are at work thai should create an Increased expurl demand for our raw materials and manufactured products. stkady rarrnovrainNT "For tho first few months of thb year, wo naturally cannot expect iny great lncreaso In gonoral business, nnd many lines Of commodities ni Btlll duo for further liquidation nil prico recessions. Tho wholo basi-nesB basi-nesB situation, however, has greatly steadied and thero Is no doubt that in somo lines prices havo rcach"d low levels and reaction In an upward up-ward direction Is predicted. "Tho public generally Is rapMly getting down to a solid foundation nnd carrying on Its various occupations occupa-tions and buslcsscs in a conservat'vo ad economical manner. Tho gent ml financial condition of the countiy is udoubtcdly bettor than It has been for a long whllo and money, durlnt tho year should becomo moro plentiful plen-tiful for tho carrying on of lcgftl-mato lcgftl-mato business everywhere." LOCAL CONDITIONS Speaking particularly of local conditions, con-ditions, Mr, Sowlcs said: "In our own Intormountaln coiin- , try wo havo passed through a tiding , jear on account of the general Ilvo- , stock, farming and mining condition , but thoro aro many reasons for be- , lieving all of theso Industries are going to continually Iraprovo durini, tho next few months. ' Our Hvo3tocrf , men nro experiencing tho most fav- , ornblo winter In years nnd tnat , should be ono of tho first lndustrier hero to get back on a profitable, , healthy basis. ' i "Our beet sugar farmers havo had . an unusuolly profitable year and thoro are still lots of produco on , our farms gradually going to mnrket , whlclt Is bringing now money Into , circulation every day. . i MINJVfl STOCKS " i "Tho strong lmprovomont in cop- j per and mining slocks generally pro- , Danes a better demand for our mln- , oral products and tho outlook In that direction is very encouraging. Compared Com-pared with many other soctlons of tho country our Intormountaln states havo few problems ahead of them, and with our great natural wealth and tho roturn of our pooplo to their customary habits of thrift and Industry, In-dustry, wo nro going to pass through any further porlod of readjustment I In a mos.t favorablo manner. "Tho most Interesting possibility I of tho now year In this state lies In tho development of our oil fields, and tho largo amount of capital that. Is now being expanded In proving up our oil deposits Is amplo assur-nnco assur-nnco that wo will not havo long to wait for tho outcome. "On tho wholo wo cortolnly havo every reason lo fepl good oyer tho future, and tho spirit of cooperation and holpfnlnoss manifested by manufacturer, man-ufacturer, Jobber, retailer nnd banker bank-er Is carrying us along through tlit"' readjustment period with a nilnlm-j um of hardship being worked In an direction." Salt LnUo Telegram Welch, Sander, Knight, Mills, Nor- i |