Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-04-22
BUSINESS NOTES.

The main interest OF the week has
again ceniercd In the operations Of the
Utah Sugar company. whose action In
resembling the original resolution to
award 10000 ehafea OF the proposed new
issue Of stock to Manager Cutler has
furnished food for a great deal OF com
ment In financial circles. As explained
by President Cannon through the
News" the step was taken In the inter-
est Of harmony among the stockholders,
who will now have the privilege OF tar
ing up another 1856. 900 OF new stock pro
rata with their present holdings. The
Hutsscription books viii not be opened.
however. until after the meeting of TN
Stockholders on May 9Th. the mectldg
lelnR called for the purpose OF having
htc action OF the board ratified. and that
tho ratification will be given there can
be- no doubt. 40 the members OF tn
board hold the control Of
the stock Investors have been
curious % know what cf-
feet the latest action OF the boarl
would have upon the market price q
the stock. which has stood at from w
to yit 10 for the last two weeks. brok-
crs state that there have been quite a
number Of transfers on a basis u slt
and s1t2i, some large buyers have
bought Mt the former rate. nguting mat
with the option they now had IL pur-
chase On equnl number % shares at fai
they wer justified In Swing 81. ~ The
old anil the new stock together w.tnl
stand them In at Si2. which they
thought would be low rate foi stock
pay ine regularly 10 per cent dividenda.
Among the recent buyers have been
several large mining operators who have
sva'ni large mining operators whc nave
made Their money cut VI mines sal Nho
evlocnti, desire TO distribute the vari.
A.. Oh Atl HAUHtlal
cRes are contained.
Tho plothom of local money IN well
lliuettptcl in the fact that the oanka
nrr again loaninE large sums on reel
estate. For a long time past long inAi's
on realty have been limited % enriei n
loan companies and private individuals.
Tho county records show that tho Dca-
erut gnvlnra Park has Just male a loan
o. s2..fip on the Continental Mnrkt I
corner. owned by the Jennings and
Hooper heirs, n lpnn which. for some
time past has been held by fhilt'ic phia
capitalists Another excel ont realty
loan IL recorded In n transaction ne.
tween ~. Deserct Savings Tank gnd
DR. John r. White and wife. the loan
being for $1,000 on the building site on
which "A handsome residence II now be-
ing erected Just south Of the oardo.
The bank cicarinrr OF the country
continue TO reach the usual abnormal
proportions. For the present week the
clearingn reach close upon two billion
doliar-u for the United states, an In
crease OF III per cent over the Same
week last year. Salt Lakes Increase
for the six days ending yesterday was
tst per cent over the same week last
year.
The week has been marked by n big
squirt In Ogden Sugar stock. which
probably means that the expected dlN.
idond on last seasons operations IL not
far distant. Early IN the week the stock
sold Mt sii9. then advanced TO nib. next
TO siiT. and last night n small sale was
reported at $50.
Utah Commercial and Savings Bank
sold at par dico) daring the week.
y. c. NJ. T.. stock 10 rtiil stiff Mt ti2s.so
and ti2s per share.
Local insurance men arc kept busy
these days paying the tax 60 the State
on the premiums written by their COM
panlea lr this state for the past year.
secrethry Hammond has had practi-
caiiy all the Insurance companies state
ments fiied. and the necessary authority
has been given 10 transact business.
A telegram IN The Inter Ocean states
that Eibridgc y. Gerry. owner % the
Windsor Hotel In New York. had made
n claim for "a total iosa OF tooo,Ooo on
the Insurance companies. The commit
tee on adjustments appointed by the
latter nre now figuring ON the cost OF
a new building. II having been thought
that there had been a considerabl. de-