Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-03
BUSINESS ACTIVITY
FOR COMING YEAR.
Promises to be More Notable Even
Than the One lust Closed.
STOCKHOLDERS MEETINGS.
time NIuh at Hand when Reports
WIN he Made aud Plans FOR the
Future outlined.

The extended list OF stockholders
meetings published In today's News
tells that the period 10 Ut hand when
many OF the leading corporations Of the
city and state will hold their annual
meetings to mako reports TO their
stockholdcrH Tho year has been
notable one with many concerns. and
the stocks OF nearly every Institution
along the line. especially those ranked
US regular dividend payers. have
shown marked advance since Janu-
nry OF last year. In some. the Improve
ncnt ranging uH high nH fifty per cent
The advance has bcon due TO two
rnuscr. an Improvement IN the volume
Of burl y ~ ana the great amous ~
local money hunting profitable inNcst-
ment. The recently published bank
statements SHOW that there IN mn I'M.
mcuHe amount of idle money locked up,
and since the savings banks have all
tsducct their rates 81 Interest 10 de-
posltors. the demand for steady divi-
dei,d paying stocks has Increased and
IN likely to 20 ON Increasing IN the
fut ire. The plethora OF money dur
ing q greet paft 81 isfs Will without
ibt, be the distinguishing feature OF
the yenr In financial circles. borrowers
who had approved securities OF whose
standing was unqucstioned could OBJ
tain money on almost their own terms.
ana people with idle funds have been
unable to place the money they had
to invest. The general hope IN that
this condition Will last until capital ~
OF necessity forced to hunt FOR new
enterprises and by innugurnting home
industries. ana In building M the great
resources OF our own state. The sue
cess OF the Lrhi and ogden sugar fac
tories. and that AZ La Grnnie. oregon.
entirely by Utah capital. shows
that there IN n Wide Held awaiting the
investor who has the courage and the
foresight to enter a.
4 substantial instance OF returning
prosperity In Salt Lake II found In tho
resumption OF dividends today By th'
Dtacrct Savings bank shortly after
the notable panic. the bank directors
decided to pass dividends for the pres
ent with view Ia strengthen the nr-
sets ana rescryea. but the year 1888
hiss been one OF such marked proHps r.
NY Tor the institution that itR directors
decided That they would resume the
regular quarterly dividends ut 10" rnts
- Nit ~ go 80 .'~ H.. ltfff tlH frlf
was scnv out 20 stock noidrrr today.
The Home Fire Insurance OF Utah to.
day sent out ita forty fourth diabursr-
mcnt 10 Its stockholders amounting u
one and onc-hnlf per cent ~ capltai
on n quarter Of a million, the company'E
advertisement IN another column
makes n gratifying showing for 1895.
The Coop Wagon a Machine CONF
pany handed It's regular quarterly dlyi-
dcnd during December 10 It's stock
holders for Christmas present. There
IN n general expectation among stock
holders ~ this thriving concern TINT
u special dividend may be looked fnr
during the present month. The volume
| " business for the year 1895 n said 10
have broken all previous records
The regular monthly meeting OF the
directors ~ the Deaeret National banl,
/ occurred today. only routine business
was considered.