Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-28

coop wagon ~ Machine COa,,l lao 90
commercial National banko... lCO 90
,tah Com aud Savings bank... 80 90
lions Savings Bank q Trust CO. 100 20
Provo Commercial Say bank no 90
Lchi Com. & Savings bank, ..,, 100 90
Thatcher Bros B'kg co.. Logan. NJ 90
Fret National bank, ogden ... 2O9 90
Rocky NTH Bell Tel co. Qssued) 100 90
Davis County bank Pennington 100 90
Barnes Banking Co., Xaysville. . 200 90
ogden Savings bank, ,.,......, iO7 90
BONDS
Church bonds ...............l 05
5. l.. city Railroad bonds lean
be taken ~ in 1909 ,,....,.. lO9%
Active work on the Descrot News
Annex viii be commenced next
Monday morning, Watson Bros. having
secured the contract for the excaya
tion, Everything about the new build
ing VIII be pushed as rapidly as posi-
bic, as the desire Is 20 have II com
pleted as nearly the same time as the
corner building as practicable. The
rush character Of the work can be
known by the fact that the excaya-
tors are limited to thirty days and
that a clause IN their contract provides
that the owners may terminate II and
take the work In hand themselves on
twenty hours notice If any delay
is apparent,
prominent bank official in CONVEX
satlon with a News" reporter yester.
day said, The demand for money
keeps ahead of the supply and al
though there Is no actual tightness,
money Is scaroer than for long time
past People who ascribe the preseni
condition 20 the payment Of taxes, real
ly hit on only a small part OF the troL
BILE The tax money or a great part OF
It, remains at home and Is simply DE-
verified from one set of hands TO anoth-
er. People do not think. however. that
a building boom, such as Salt Lake
has enjoyed for the last year, means
sending out Of the state an enormous
amount Of money. Lumber, nails, glass
paint and nearly everything else that
enters into the construction Of build
lngs, except stone and brick has 70 be
bought away from here Then as soor
as the houses are finished, they have to
be furnished and this, too. sends an
enormous sum out OF the state, Add ~
these two factors the interest on city
county, school and state bonds nearl,
all OF which goes 10 the outside, and
you can see why money has tlghtened
up. What makes easy money Is fac-
tories like those of the sugar companies
that keep our funds at home, and bring
In money from the outside. The more
of such institutions we can have, the
easier our money markets viii always
be"
The following dividends have been
paid or will be paid by the institutions
named during December
Utah Sugar Co, per cent ,..., .si5 900
Coop. w. & NJ. Co, per cent. 5000
Heber ]. Grant & Co.. 2 per cent 2,0OU
Salt Lake Theater IA per cent, 1880
Deseret Natl Bank, s per cent. $4,000
The following viii pay during Janu-
ary
Home Fire, per cent ,,.,.o..s 5000
State Bank, per cent ,,..,.. 5000
Deseret Sav'gs Bank 2 per cent 2,OOu
lions Savings Bank per cent. 4,OOy
Commercial National, per cent 5000
Natl Blk of Republic per cent 800
r. NJ. Bell Tel Co., TX per cent, 1852
FIST Natl Blk of ogden per cent 4,50U
The general expectation is that the
Deseret Savings bank vii either in
crease It's regular dividends to 10 PEI,
cent or pay a special which is the
reason for the big jump the stock has
made in recent months
Manager Campbell of the Utah Llght
and Power company stated this morn
ing, that with the coming Of spring. his
company would be prepared TO take the
initial steps In the matter of the pro-
posed great dam in Ogden canyon. as
Il is pretty well settled that this great
improvement viii be made This dam
win hold back five miles Of water so
that ir addition to its value for irrl-
gatinr /. power, the lake can BE- utll-
lied a. i pleasure resort and boating
regattas he held there. This viii be
plum for the ogden rowing men, and
draw many people TO the new aquatic
racing grounds,
Insurance Surveyor Parkhurst has
taken up the matter Of the insurance
situation IN this city while In San
Francisco, and on his return will push
g. vi'h The City Council with a view
o Increasing the local means Of pro-
lection against fire. Insurance men say
tlat unless the citv does something in
the line suggested by the surveyor and
underwriters, the rates % insurance la
this city will surely 20 up,
The 2. c. NJ closes next Thursday
10 take account Of stock
The abandoned condition Of the south
side OF west Second South street be-
tween First and Fourth West streets
is the cause Of strong talk on the part
Of many teamsters obliged to use the
street. The paving company have
gone so far I'm their work and then
taken a lay off, allowing the street to
take care OF itself until open and pleas
ant weather returns again.
OF sixty cities whose bank clearings
for the week ending Dec. 26 are report
ed today in Bradsueets, Salt Lake City
stands twenty-eghth, With clearlngs
aggregating S,8135S5. This beats Los
Angeles. whose clearings amounted 10
81, 900 COL; also Washington city whose
figures were s2.5O3,5i5 The total fig
ure for the entire column OF cities s
81 $40, G2GAi6. Sixteen cities show a
slight decrease from the corresponding
week OF the previous year.
Some real estate dealers say that
houses 10 rent may now be had with
out difficulty. and that rents are about
TO take something Of tumble They
have been so high that building small