Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-08-05

ogden Sugar Did q. .... 81. .t.... 1000
Utah Com. a savings bank Old $500
utah Sugar tbld). .. 90 ....... 1890
gtah sugar taaked).. I'd. 81. ...... 400
Have local stocks reached their
| naNlmumf' was the question asked u
~ IA. 4. Young cashier ~ the Deserot
national bank yesterday Mr. fpung's
reply was. that ID would require one
better able TO read the future than he
was 10 correctly answer che question
Ihefc never was ao much money here
seeking Investment" be- said. land
people who own 10 seem content with "a
I'VE per cont return. n money keeps
on Increasing. the chnucer are that
stocks VIII 10 higher. they nro now
pfuporiionately where they wrfc In
1890; Descret National. n e. ". L. and
"a few others were higher then than
now hut ~ course they paid larger
dividends 10 those days"
'lH anything likely t1 occur 90 dis
turn the present prices OF ftocka3'
u can't sec anything va local condi-
lions the only thing that would Boz abt
o. hurt values would Boz u war scare.
" which thore now FeomH no chance.
ur "a tightening up ln the eastern money
market that might have am 0neCt
mere but generally while money re-
mains easy and plentiful tho stocks
"will not the hlsh price Of stock,
have the effect m turning Investors to-
wards fcnt gAtltoG'
! wuun tnink b, nSeiy Much real
estate. such as that which sold Tor
800 and 800 foot during the boom
and which could now be- bought FOR
800 o. foot would return about i've
Jar cent. md a. long lF such bargains
Dnn De obtained it d. reasonable t1 sup.
pose that Investors VIII turn that way
Hcalestatc men state that the FIRM
ness Ia their lines continues, though
there has been no marked advance Ia
values, there being moro sellers than
buyers, " condition which has lasted
Tor some years past dealers say how.
ever that there D. no lungof Tho Wide
'gulf between the two. that has 20 long
existed. and that they are liable 90 got
together quite often. the Increased
number Of transfers shows
AZ the Utah Commercial a Savings
Bank u was yesterday learned that
no steps having been taken ~ yet 90 nl
the vacancy caused hy the death ~
President Armstrong. one OF the
principal stockholders ~ the bank is
authority for the statement. that there
are three separate Views among the
principal owners. one favorlug the eloc-
tion OF Vice President T.. ". Madsen.
NlNAINNN NNAN NN ANNflNN W d'NlllNNHf
ana another Inclined toward the sclcc-
ton u some strong business man who
has not hitherto been connected with
the Institution. a director Of the bank
said u was possible that no election
would take place until after the next
meeting of tho s!oekh.olders'
BradstreotH wool report says; The |
Boston wool market IL little more |
qulct. but considerable sales are yet |
being made. while prices nrc strongly |
maintained The sales this week foot |
up nearly COCOON pounds domestic and /
leHH than 100000 pounds foreign. or |
the domestic over tdJ9OOO pounds were |
territory grades. including oregon and |
Texas, which woods arr yet meeting |
with most business iror choice lines |
N fine medium ana fine the basis
secured u l0ub2 cents, with hue staple |
lines up 60 db cents while for shorter |
woods the range ~ down as 10 quality /
Lots of old woods secured ure being |
cleaned M az fiNis cents. or below the
secured cost u the greasy woods. Fine /
fleece woods are firm, but trade II quiet |
Australian fne yYools are about cleaned
up, and this should help the sale Of |
me neeces Medium fleece woods arc
nrm. but the advance has been much
loss marked than on the finer woods.
Baltimore Cincinnati. New orleans,
Detroit. Louisville. Milwaukee -. Paul.
omaha. Indianapolis. Savannah. Den
yer. Portland. Mainei Portland oregon.
Los Angeles. Galveston. Springfield and
many others.
while the bank clcarlngs Of the
country for July are smaller than for
any month during the year they are
very heavy Tor Salt Lake. During the
past week II has shown most crafty
ing strength the Increase over the sumo
week last year being 1876 or n total OF
32.a2t.2i2, placing II In advance COM
paTaitycly Of Chicago.
The announcement il made that the
corner stone u 81. AIMS Orphnnnge
Will be laid with appropriate and sol
cmn ceremony On sunday evening, Aug.
goth.
Building Inspector w. II, Folsom H.
sued the following permits during the
week; Salt Lake Collegiate Institute.
lGl Second East alterations, $500. Il.
H. Walker. corner Main and Birch
streets. base bail stand. N.iO0 James
n. Haalam 500 north. Sixth West. brick
cottage. 500. Grant school building.
First 9outh. between Seventh and |
Eighth East. brick addition. S2s00; ID.
u. Wallace, Second West. between Sew
cnth and Eighth North, thrcc-story !
brick adjunct to 81. Marks hospital.
S. 100. James AHhmhn. Ninth East.
between Third and Fourth South. brick
cottage. $500; minor permits amounting
10 fi7i, making a total for the week OF
iii,575.