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Newspaper
Utah Ogden Standard
Location
Ogden, Utah, United States of America
Date
Aug 24, 1916
Page
2
The Standard notes restrictions on banks under the act, including geographi cal limits, a zero and twenty percent cap, and prohibitions on excessive interest charges. It states banks may lend to individuals for any purpose within limits, with amortizing mortgages and limited fees, while government funding and supervision details appear unclear.
Tomorrow evening at the courthouse a large meeting will gather those interested in making Goden one of twelve federal land bank districts. The meeting follows President Wilson's act creating twelve land banks to lend on farm mortgages with long terms, stockholding borrowers, and fixed interest under a federal board.
In Utah a political muddle unfolds as a four member committee grows to 300 to welcome Mr Hughes. A veteran Republican rebukes the Prodigal Son allegory while noting party shifts and a Chicago trip. The Old Man and the Ass fable is offered as a cautionary tale about pleasing all. The second half reports hot central west weather, steel mill operations, and a hopeful yet cautious outlook for fall and winter. The iron and steel sector shows semi finished shortages amid high demand and tightened output.
A German front correspondent reports on the Somme attacks by British and French forces. He depicts shattered trenches, shell holes, unprotected soldiers, night movements, scarce water, and the terror of bombardment. He notes wounded and dead being tended, with fearsome shelling and gas leaving men numb yet stoic.
Renewed Allied offers spark steel and metal markets as mills struggle with sheet supply. Producers admit to relying on others and consider curtailing output while buyers seek replacements. The weeklong demand surge pushes prices and hints at broader supply constraints across the industry.
East Lake police issue a safety charter listing precautions for children in Ogden. Children should stay on sidewalks, cross at crossings, avoid playing near autos, and seek police help if needed. The notice emphasizes vigilant traffic behavior and警 police presence to protect youths.
The letter from W. Hadley rails at an ordinance allowing restaurants to serve alcohol after 9 pm, citing a Long Beach California proposal and city voter backlash. It warns that cafes connected to saloons would draw customers to drink. protests from parents and residents oppose easing access for youths.
World markets show notable forenoon action with varied advances and declines as investors react to shifting economic signals. Trading desks report active price changes across key groups while sentiment remains cautious in the absence of clear directional cues.
The Royal Mining Exchange saw heavy trading with 91709 shares. Les Time traded at half a cent, Sells advanced to 14. New Quincy fell to cents, Iron Blossom steady at 4.57 1 2, Cottonwood King around 2 cents, Michigan Utah strong at 23 cents, Howell Mining weak at 20 cents. Quotations via J A Hogle & Co. brokers.
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