The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-12-14
FINANCE AND MINING.
pusiness and Transactions
D''' during the Week Past
.nr AND BULLION OUTPUT.
,,rtIend-Bank Reeeipts-An
l. S' rid in Sanpete-HOT.n Sill
Alien News OF other Mines

-. increase in the volume OF
= 5os far as we can judge from
r. Du''ns IRIS Of various merchants, IS evl-
the ''p orsr the week previous; prices
Osn' usual: Culmer on -four and oats
Tu'5 C,bp on eggs are running under
'H' ret somewhat, but dealers for
~ treat part keep quotations up as
~. norsre shown in the THE HERALD's
Home Markets.
The following has just been IS ued to
stockholders of the Utah Central:
0=oe If the Utah Centra=Raiioay.
"a meeting of the Board of Direct
H tbe Utah Central Railway, held
On the ID day of December, 1854, dlvl-
IND OF l per cent on the capital
otock of the company " IS declared, pay
obIe on January lst, 1885.
AO'' - Yours Truly,
GEO. SWAN, Secretary.
r.rsrgentlemen, prominent in finan-
- oircIes we're Yesterday heard criti-
ga The action of the road in declar-
inc either of the last two dividends.
Gone million dollars Of the Central's
bonds - SAID one, "are due in 1890, and
= would look as If the company ought
70 he accumulating a fund to meet this
omount. Rebonding is of course easy,
INT don't think it good policy when it
can he avoided" The total bonded debt
oftbe Z. c. r. r. is said to be between
5000 900 and So, 000,0O0.
ZG. NJ. [. stock i held firm at S95. No
Transactions are reported.
A small block of Provo Manufactur-
ing stock changed hands during the
week at $25.
Two hundred shares OfOgden Electric
stock we're sold recently, but at what
fgure we were unable TO learn.
The following interesting decisions are
selected from Bradstreet's:
CHATTEL MORTGAGE-FRAUD ON GRE
pIToRs.-In the case of Lesser ct al. VS..
CHASER ct al, decided recently by the
Supreme Court of Kansas, it appeared
that bv the terms of a chattel mortgage
the NOR; gagOr was permitted to retain
hepOssessiOn of the moTtgaged property
and to sell the same lin the regular
course of trade at retail; THAT the mort
gage did not contain any stipulation or
provision with reference to what should
be done with the proceeds of such sales;
that there was ne agreement or under
standing outside of the mortgage as to
what should be done with such proceeds;
that the mOrtgagOr was near relative
of the mortgage; that the mOrtgaged
property was worth much more than
the mortgage debt, and there being
other circumstances tending 70 show
that the mortgage was executed for the
parpOSe of hindering, delaying and de-
frauding the creditors OF the mortgagOr.
The court held that the NOR gage was
void as against such creditors, and that
II would sustain an attachment issued
al the instance OF one of such creditors
against the mortgagor upon the ground
OF the fraudulent disposition of the mort
gagor's property.
REFRIGERATION OF SECURITIES
Where the owner OF securities pledges
them with a stock broker as collateral
Tor loan, the latter has no right to re-
1ypotecate them in such a way that
they cannot be restored to the owner
upon payment of the loan, even though
II be understood by both parties that
inc broker will have to use the securities
70 obtain the loan. So held by the Cir
cunt Court OF the United States for the
southern District of New York in the
case OF The Oregon IL Transcontinental
Company vs.. Hilmers.