OCR Text |
Show OGDEN ENJOYS GOOD BUSINESS i Federal Bank Authority Sees Better Times Coming To West Business la good in gden P.. M. Motherwell ,,f the Salt Lake bram-h' of the Federal Reserve bank, told the igden Klvvanls club today. Ills authority was- a map sent out' by the Twelfth Federal Reserye bank at San Francisco. Places whero business busi-ness la good were shown In blue, lb-showed lb-showed th:it there was a spot in Utah shown In blue and that spot was labeled Ogdeh- i h reserve banker paid a tribute to ugden's bunks. He said, he had less trouble with Ogden banks than the banka of any other community tn his district. SHEEPMEN REOO BK. To show how time are bettering. Mr. .Motherwell recited that a coupl of years ago the reserve ban! had some Idaho sheep on its hands after an Idaho bank failed and those sheep) could not be sold for $3 a heacl. Me noted that today lambs were bringing about si4 on the Chicago market. it looks like the sheep man was! silting on the top of ihe world.' " ho! said, and with the tariff In effect it looks like we shall have 40 cent wool for the next two years at least. Mr Motherwell de lared that with the ability to produce as shown b) l'tah and Idaho there was no doubt .1 to the solvency of those states and lv gave a comparison to show how the Sntermountaln coUntrj -lands QIOH LAND; l,u CHOPS, lie said thai iniieli land In Iowa changed hands at 55oo an acre. This same land produced corn which at the low price of about i t cents a bushel brought a return ..f onlj $7 an acre ' 'n the other hand irrigated landi llued .'t g200 In the west was bringing bring-ing in $14 an acre from alfalfa at the low prices that Have been paid for than produi t Th. foWa farmer, he said, 'got by" because he had some money I n rrscr I e Oood tunes are here, but prosperity will come according as our exports In- ie Mr Motherwell declared this country must export goods to be re., 11. prosperous. OO I |