The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-05-19
SALT lake LEADS
IN BANK GLEARINGS
Fine Showing Made by Inter
mountain Metropolis.
GREAT GAIN LAST WEEK
INCREASING ACTIVITY IN Lo-
CAL TRADE

There were no unusual features in
the business Of salt Lake during the
past week, but the banks made another
fine showing in the matter of clearings,
These were not so sensational as on
the previous week. but are still worthy
Of note as shey hold this city far Up
among the business centers Of the
For the wees ending Thursday night
when Bradsrreet's made its export, the
Cleariugs for the week In salt Lake
were 81, 10000, an increase of 40 per
Toledo were $2,622,O00: in Seattle, s.
$4,000. in L0s Angeles. SO, 1855 900. PORT
land. Ore, S2.ZlS .0uO. Atlanta. Ga. 81
06I. coo; washington. -. o.. S3,395,G00 a
comparison of the population 81 these
cities would make that's hsOWing all
the more remarkable. There is no city
or anywhere near ia size Of salt Lake
anywhere in the country that is MAX
There are bet four cities in the entire
country that show a larger percentage
of Increase IN clearings compared with
the corresponding week of last year.
These are New York, $ a. Louis HOus-
ton. Tex, and YOUNGSTOWN, O.
The clearings in the latter part Of
the week showed telling of. but were
still far in excess of tue c.earipgs &c
AGO. E"Na AEaHaANteFN wNAtNE NGAE 2HaEr-f
S69-56, compared with $262,150.11 for the
corresponding day of last year. For
the week ending last night the clear
iugg were SS,43S4 1925 compared with
of 1900
Sugar Company Operations
There was considerable stir in the
city during the week caused by the
announcement of the Utah Sugar COM
panY ef "a large clock at new stock
soon Co Dc issued. AS the new stock
VIII be sold 20 the nresentstoCkhoIders
on the basis of SO per share. it has
caused "a scramble to secure possession
of the outstanding stock. and this
scramble has resulted iu pushing the
price of this stock from SIT.20 to S1S.15
within a week The meeting of the
stockholders Of.tha company 1T which
the lucres Sc Of the capital stock is to-
be voted win be helO iu this city June
e Manager n. r., Cutler is of the Opin-'
ion that arTauBe nents wiz be made
to issue the new stock in two inS~>u-|
ments, one az S250,O00 on July l., al
the other Of $Z50,0O0 on oct. 4 The new
stock VIII enjoy the ~ per cent divi-
dends just the-sarne as the stock now
outstanding.
Demands for Local Stocks.
There was very little activity during
the week in local stocks, all.
though the demand has been strong
p steady. The prices quoted aC the
cOse OF the week are:
Deseret National bank ..,.... 1888 01.
Deseret Savings bank - ..-.. $50 90.
Sta-e Bank OF Utah ---..-..... I3T 90.
Utah Commercial A. Savings ... 1O5 01.
Commercial National bank 5000. 100 90
National Bank 0f-the Republic. uIQ3 %.
First National. Ogden -.-.. 1S0 90
y @. M-I,G.s-. ..zssy- 142 0o-
Eo-Op-WaEon & MaChine Co. los 90.
CuuningtOu & Company ..--.-..- so 90
Clark, Eldredge & Co.-.~... $50. 20 90.
Bell Telephone -....-.-. ....... 100 00.
Home sire lmsurance........ 1Z1 90.
lions Savings bank 127 90
ogden Sugar company .---.--... rs Is
Church ponds .-.-.--... --.-.-.. 105 70
a Lake Railway bonds ....... I04 25.
Activity IN Trade.
~Seasonable weather greatly sti7nuiat-
ed ocal trade OF all kinds during the
week, and the stores as a. rule have
been very busy places. Leading mer-
Giants In all lines report "a good VOL
ume of business with an owe
IN collections. The Improvement in the
line of agricultural indictments has
been quite marked. owing TO the fine
Crop prospects, which have the effect.
or making the farnres less timfd about
buying The continued low price for
wool constitutes one bad feature of the
local situation
Building is progressing s-atisfactorilv
in All lines and in all portions -of the
city the only drawback being the
shortage Of brick and stone, Necban-
les In an lines are busy at good wages.
and h labor troubles seem to be pret.
vel adjusted. The outlook for b.
busy season in All lines could not wen.
be betteE IA lsestate-the week was.
sOmer,n nat Quieter thar the precedins-
ones but the demand for good property.
at TAR prices was better.