Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-25
STOCKS.
BONDS.
Church Bonds. 3. " 90 ... .. ,,l0i%
s. l.. CITY, r. r. Bonds. =. e. ,1O3%


Church Bonds. D.. O.. 90 go. :, ..l04%
S, l.. city, II. r. Bonds. =. . .lOSa
Broker Cutler reports many inquiries
for options on the rights to subscribe
for the new issue OF the Utah Sugar
Co, He states however, that he has
not been able to obtain any quotations
though he thinks there will be some
options come into the market after the
stockholders meeting They are sure
to command a high figure, however, as
sales Of the old stock at $40 are equiva-
lent to paying nearly SO premium for
the option; there will be some differ
ence, of course, because the old stock
carries with il the dividend due June 80.
Great activity continues in all build
ing lines, but both brick and lime are
scarce, ana IL is not unlikely that some
building operations Will be retarded on
this account.
r. r Cutler, manager Of the Utah
Sugar Co., Is in town this morning. He
says the beet fields In Utah and Salt
Lake counties continue to look as prom
Using as ever
William b. La Vielic, a ticket clerk of
this city today filed a petition in vol
untary bankruptcy In the Federal court
His liabilities amount TO S3,lS5, unse-
cured and his assets To 800 claimed 10
be exempt. r. =. Lynch, of San Fran
cisco, IS a creditor 10 the amount of
sl100 on a promissory note. and w. G.
Kind, of ogden, is owed Sl.45B by the
petitioner on notes, upon some Of which
judgments have been obtained.
Contracts for the mason and carpen-
ter work on the Hogle terraces. to be
erected on South Temple street, have
been let Cushing q Chapman secured
the mason work contract for 5000, and
Geo. II Rayb0uld the carpenter work
contract for $4,000.
-
Mary Il. Hull and husband, II. a.
HUI. have transferred part Of lot 4.
block 81. plat D, sc l-3xllSh feet at
Third and K streets. to Louia f, Gale
for $1,000, ana in addition the assum-
Ing of a mortgage Of Sl,75O
The property Of Hyrum Groesbeck
and Ann r. Groesbeck was sold at fore
closure sale yesterday 10 Frank Knox
for the National Bank OF the Republic
for A,43i 30, the amount Of the judy
mont and costs obtained in the suit
Of the National Bank Of the Republic
VS. Hyrum Groesbeck and others.
The American Fork Cooperative in
stitutlon may soon be revived and the
business carried on again, There will
be a meeting Of the creditors Of the IN
sttution In this city on next Monday
and II Is said that If time Is given
to collect upwards Of 800 900 in out
standing accounts the business will be
re-established. The store burned down
recently and $4,000 worth Of damage
was wrought Only $4,000 insurnce was
carried and as result the business
could not be revived at once.
The bank clearings for the week just
ending amount to S2,&j,4 1880. or an
increase OF sSl2. 393.g9 over those for the
corresponding week Of last year. To-
days clearings In comparison with
those for The corresponding day OF last
year are as follows
Todays clearings ..,.,.,.,.DS3l4,65 A7
Same day last year.,.,,.".. G3,Oo2O3
Although nothing definite is known,
II IL believed that the Grand Pacific
hotel viii be leased by Simon Bam-
berger to G. +, Markell Mr.. Markell
examined the house a few days ago
and Mr.. Bamberger when seen late
today, said that though no definite
proposition had been made and act
ed upon that Mr.. Markell had examined
the house and that It could be leased
to the right parties,
Business In the real estate market
has been Quieter the past week, but
there is a good demand for small homes
and absolutely no end Of applications
for houses TO rent In desirable To-
calities. ! could invest Sl,00O0OO in
flats, apartment houses and small
homes IN salt Lake and guarantee s
per cent on every dollar said very
prominent real estate man this morn
Ing. salt Lake real estate is not
booming. but the State and city are
I'm a prosperous condition. Every one
can find work who wants 1t, ana as a
consequence the real estate market is
steady and prices are not far from
right Rents are Is per cent higher
here than In any city Of its size in the
country. but with the magnificent
country OF which we are the financial
center. tributary 10 us the increase per
cent In rentals is not out Of place.
This railroad talk affects the market a
little. but our legitimate prosperity Is
the back bone Of present values. The
opinions OF the buyers Of real estate
should be the basis upon which 70
Judge the market Al present people |
are buying from an investment point |
Of view for instance; Henry Phpps
OF Pittsburg hasn't a piece Of ground |
that doesn't pay him per cent on |
the money invested. and owners OF Salt !
Lake land in good locations are getting |
as high as II per cent on the money |
they havo invested. Another factor In |
the present Salt Lake real estate mar |
ket Is the speculator When people |
buy property on speculation. Il is a |
fairly good and accurate sign that the |
market is not booming but Is stable |
and steady"
It seems to be the concensus Of opln- |
ion that there is scarcity OF good |
rental propositions In desirable loca- |
lions. There are houses to rent. but |
those that are empty are IN poor To- |
cations or wretchedly built. Good |
Judgment In the location OF some new |
rental propositions and carefulness In |