The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-12-09
BUYING UP SALT LAKE
Henry Phipps Has Invested
Nearly Half Million.
DEEDS MADE YESTERDAY
BUSINESS AND RESIDENCE PROP.
ERTY SOLD.

/ OF P1ttSpurg, yesterday purchased ar
other piece of Salt Lake business prom
ertv- His latest purchase was from the
New York Life Insurance company, and
the property is located on the south side
! of First South street, Just east of the
Dlnwoody furniture building It was
originally part of the Jennings estate
ana was taken by the insurance. COMPANY
on mortgage some years ago. 1t has
street frontage of 43 feet and is 16s
Ieet deep, with an alley 1OxS2Is in the
/ rear The price paid was $4,000. The
| ground is now occupied by a two-storv
oTlck building, the hrst floor being oc-
| cupled by stove company and sec
/ ond-hand store. The property i 1-te11
| ing monthly rental Of $50 and win net
the buyer not less than per cent or. bis
J investment. MS
Half Million Invested.
It viii surprise many peon1e +a-o -
/ 81 81 lake, even among those who v-stCb
nov tbat Ms OF real estate closely TO
INV mat Mr. Phipps holdings in me
~ are now nearing the Observation-Disclosures
LLldIk IN value. Before his Iast Trim
be worth $4,000. His re vas stated 51i',
Eases lRcIude the Ricketts, block on tn.
/ ~. 10 OF STATE and Third South, at sl25.-
/ ~ me merrill block, on East Second
,2outn street, for So, 600; the Smith nron-
/ 6 IL IN the rear of the Board of Trade
yesterday, on First south street IN, - OF
/ w: This brings the value of M pbtv-sS,
;;-oi eli UP 70 the value of S425 COO and
/ III ; uoiuon TO this it is known that Mr.
| r.nlpps has options on East Second Sot1tT3
/ SS lSSSt property TO the amount of SI40 Cor
I nro,,,Il ~ oouot these options will be
| PiiIH1inptiy taken up, as the prOpertv IS
/ SHt-edged. When these deals are COM
pISied the entire holdings of Mr. Pbinns
| most of 1t is property that has fnores, -,
] ~ VaIue since he purchased It and is
| chase vas .iS INCREASE; Yesterdays pur-
JUN weir, the real estate dealer,
Glendinning Residence Sold.
There was another deal yesterday that
SShoWS the continued upward tendencv
IN the value of East Brigham street zeal
Se7,,a1Ih ms was the purchase by Henry
ENeWeIl, the mining man, of the old ax-
Mayor Glendinning homestead or; The
corner OF Brigham and II streets. This
property has a substantial house ,1no-7
It and the lot is a very desirabIe one
with frontage of six rods and dent6
OF Ten II joins the Kearns new home
vi me east The price paid was SIS Oa6
and the deal was made BY w 7 Hat
lOran, who sold Mr. NewelPs new bonso
on FIRST South street for him about a
gSdT ago 10 Frank Wilson. The Glen
9niihhlng property was bought from a X
fireman, who secured il from the ex-
While the records do not show many
dctual transfers of real estate in the
~ OUTSIDE OF the PhiDps purchases
a
OF interest now in progress, and dealers
would have no trouble in dispOSiup of a
iiargs amount OF. good business property
II they could deliver the goods. They
nave the customers, but cannot fiud the
property and there is a marked stiffen-
ing up OF prices in the business district
one piece of desirable Main street prom
eFty was offered less than eighteen
months ago for $4,000. II was not sold
till it reached S46,006 He was ofFereS
$4,000 the ether day, but moved his peg
Business Satisfactory.
Outside of the real estate world the
business Of the city is very satisfactory
to all conservative business men Tbe
mines viii pay during the present month
szZ6,o0O IN dividends and business corpor-
the special dividend of the DeseTet Nas5
nonal BANK OF . Per cent or SIS. 600. This
makes dividends for the year of Il per
cent, or $s7sgO0 for this one institution. It
Is estimated that the dividends OF the
Silver King mine for the year will be
over 81, 100000. Money coming into the CITY
IN such amounts is bound TO make its
influence telt IN business circles
Stocks Are Strong.
There has been a radical stinening in
the prices of the dividend-paying stocks
OF the city, with some of the favOrites
tory. This is especially true of me
sugars. The quotations posted on The
best stocks on the market are as follows:
-'NNti-AAefA bcttAh ~ ~
Home Fire Insurance co. ............ lis 90
l tan Sugar company --................ 19 %
Ogden Sugar company --..--.----... 1s7 %
State Bank of Utah ...-...........-. 123 90
DeseTet Savings bank ....-.-..--.-... IE7 90
COOP Wagon Machine Coz. 10 90
CunningtOn & Co..-..-...--........-..I 10 %
Commercial National bank ......... s. 90
Clark, Eldredge & CO...-......-.- So 90
Utah Com. and Savings bank. 100 81
lions Savings Bank & Trust Co 122 Co
Provo Commercial & Savings bank. I12 90
LEM commercial and Savings bank. 100 CO
Thatcher Bros B'k'g Co. Logan los %
First National bank, Ogden -. I75 %
Rocky Mt. Bell Tel. Co. Gssued). 800 100 %
Davis County bank. Pennington 100 90
barnes Banking Co. Kaysville...... $50 90
GhuTch DondS ----.------------------... Jos 50
St l. Q. Rv. bonds .........- los 81
In spite of the increasing popularity of .
these stocks, there were but few sales
made during the past week; this IS ac-
counted for by the statement that hold
ers are not anxious to sell. even at the
touched S19 during the week. and some SIS
gJe worth changed hands among local cap
italists.
Retail trade began during the mast week
to feel the influence of the coming hoii-
days. and local merchants agree that the
outlook promises the greatest holiday
trade in the history Of the city. Holiday
shopping viii be the main feature of
trade for the next three weeks. unless the
weather should turn suddenly cold, in
which event the clothing dealers viii send
I'D sigh of relief
A warranty deed was filed for record
yesterday with the county recorder. con-
veying from the FritsCh Investment com
pany to Elizabeth A Hawkes. a house
and lots 81. IS and IS, block s. Capitol
avenue addition, for a stated considera- /
ton of s.. 900.
Bank ciesrings still fail behind those
of last year. Yesterday they were S415.- I
2I2.74 compared with 1854. 26l So for che cor
responding day Of last year, For the week /
they were 1854, y. compared with 1
s.. 092-57114 for the corresponding week Of l
last year.
The current issue of Duu's Review says 4
Of Salt Lake business conditions.
Business is fairly good. with a tenden- /
CIV to dullness. Money is being diverted I
to the payment of taxes. and local col
cial call for loans is moderate Mining 4
stocks are active, and commercial shares I
and bonds show considerable strength |
Real estate is strong. with an advancing [
tendency. and general conditions appear /
fairly satisfactory for the closing Of a 1
month.
Building Permits.
Permits to build and make improve |
ments were issued last week a s follows by /
Inspector Timer
Aaron Keyser. corner Fifth West
and Second South street. two
apartment brick dwelling .....-...-S 5000 4
a. Hanauer. jr.- Depot avenue. five
frame cottages .----------.--.-....-. 5000 D
Boutwell, & McConaughy Sixth
East street. between Sixth and
Seventh South. two brick cottages. 2.o90 {
= BRICK RI S dotfaFe : s''e, near hilu 1850
Boutwell, d Mct'onau ghy. Sixth East