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Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Feb 05, 1948
Page
3
Clif ford E Young urged Franklin stake members to harmonize with church leaders and support welfare work. Al fred W Uhrhan emphasized strong ward and stake organization, farm acquisition, and in kind budgeting. 1947 stake results were reported as encouraging.
Idaho state fish officials report the Hagerman hatchery is rapidly advancing toward becoming the region’s largest trout facility. James C. Simpson notes the plant will feature over a mile of raceways and 42 inch water pipes, producing millions of eggs and up to 50 tons annually. The site will double Idaho’s game fish output and serve thousands of anglers statewide.
West Side high school boxing edged Blackfoot 28 to 23 as Tingey defeated Hutchinson in a standout bout. Other results included Ward over Steed Weeks over Lavatta and Panter over Schroeder with crowd applause for all. The team heads to Pocatello tonight and Downey Saturday.
Logan High wrestlers edged Preston 18 to 17 in a close Friday meet at Logan. Preston, coached by Glen Nelson, provided its best challenge to date as Clyde Ashcroft won at 102 pounds to decision Erwin Pulsi, keeping the score tight as the meet neared its conclusion.
At a Jan 28 board meeting in Ogden President George S Eccles presented the annual report showing continued prosperity and higher loan demand. Yearly loans rose by 24.8 million to 88.641 million, with about 32 million in real estate loans under FHA and VA programs. Deposits held near last year at 286.951 million after a drop in government deposits. Earnings after taxes and reserve increases totaled 7.31 per share, up from 7.14. Book value per share is 65.03, versus 59.01 a year ago. The group operates 38 offices with about 200 000 depositors and 38 000 borrowers. New offices opened in Salt Lake City and Orem Utah and Boise and Potatello, with Boise also adding the first drive in facility in the intermountain region.
Temporary quarters of the view branch in Salt Lake City at 8th South will be replaced soon with drive-in facilities. Other offices have been improved to meet rising customer demands. The First Security staff numbers 824 with payrolls over 2 million dollars yearly. Mr. Eccles said the policy will cooperate with the administration and the American Bankers Association to scrutinize credit demands and direct loans toward increased production rather than speculation.
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