Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-11-19
BUSINESS NOTES.

Eve are now having many Inquiries
for small homes from persons desiring
10 make purchases ON the installment
plan" said a prominent real estate deal
ei this morning f'and | think that In the
spring there will be a demand Tor them
much In excess Of the supply. Under eX-
listing conditions IL Is more Advantage
Gus to buy and own residence than
10 rent, and Ii is nearly as convenient,
the first payment only, requiring con-
siderable amount of money. For pei
sons with money In the banks SAT-
Lake realty offers pretty good Induce
meats and a much better rate OF inter-
est than now maintains In the banks.
Another dealer said; 1T is really cheap
er to own ones residence In this city
than TO rent. For Instance, say A has
s.. coo In the bank or invested at 4 per
cent, the interest will amount TO $40.
A $1,000 home In this city will rent for
s25 a month or 5000 year, Figuring
the interest at per cent on the $4,000
or $3.50 and adding all other incidentals
and still II will cost less to own ones
home than to rent II. This VIII hold
true for homes costing more than s3,OOO
each, without regarding the
probable much increased value thai
Salt Lake realty viii attain within a
year or two. ! think that In the spIilg
there win be very active real estate
market In this city but do not look for
much activity until after the holidays
The local supply Of beef Is good and
from present Indications no Increase In
prices Is looked for much before Christ
mas. When asked today regarding the
supply of beef, j. G. Leary said; There
is an abundant supply OF steers for the
home market and | think there VIII be
all winter as under present condltik-s
II is not worth while to ship them to
eastern markets. Beef r. costing little
more this year than last and by febru-
airy /, think beef on the hoof VIII cost
6Oc higher and consequently that
dressed beef will cost 81 more. do not
think that the home market Will be
loaded with cheap beef from eastern
packers as 1t was last year for the rea-
son that II is costing more to feed
beeyes than It did then. Corn that sold
for 35c. last year Is worth 60c. now.
and II must be use1.'
The Utah and Colorado OIL company
this morning filed an amendment to It's
articles Of Incorporation increasing It's
capital stock from 100000 to sl,0OO,OO0.
Indicative Of the general prosperity Ia
the southern portion of the state Is the
81. George pOstoiiice record for this
month The receipts from all sources
al the 81. George postofllce have aver
aged over slO0 per day and on one day
the recpints Amounted TO 1885,
The Ireland Land & Cattle COM
pany today filed an amendment to It's
articles OF Incorporation. changing the
name Of the CORPORATION back 10 Its
original title. the Salina Stock company
under which name the new certificates
OF stock will be issued.
The Davis Shoe company has a big
forrp ~ men At work on what will be
to- ------ ..--,t -..~-. --- MN ~ 40
Walker house. The store viii be COM
with an eastern custom there will be
basement salesroom In which all odd
lots Of goods will be exposed for sale
This room win be entered by stairway
placed IN the front Of the main sales
room. The new store viii be hand
somely ttted up and Manager Davis
states that II will be ready for oceu-
pancy IN week
VI IL announced that about half OF the
100000 necessary 10 pay for the erec.
ton on the corner Of South Temple ana
c streets OF a fine new PRESBYTERIAN
church and parsonage has already been
subscribed. At a meeting OF the officers
OF the First Presbyterian church last