Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-06-15
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BUSINESS NOTES.

Whot win be the figure at which
Utah Sugar stCc6 VIII settle or July 1st
when the new issue Is out? This Is u
question which Is actively engaging the
attention OF brokera at the present
time. There has been fast ard furious
trading In Sugar stock both In the GER
tliioates Of the old STOCK and the option
rights on the new, during the week,
and prices have done some lively Veer-
Ing back AMI forth. There seems to be
q great amount Of money hunting
Sugar az an investment and everything
offered has been taken up. The op-
tons started In at 81, then Jumped TO
S5.25, at which figure several thousand
shares changef hands, and small deals
are reported as hoying taken place at
S5.40 and SjAj. THIS had the effect Of
bringing down the OLD stock slightly,
and sales have taken place all the way
from $3.50 20 $lSSj, giving this months
dividend Of 30 cents to the buyer, and
there Is very little difference between
the old stock at $3.50. and the new
options al Sj45. The difference Is in
favor Of the options, however, nd
brokers look TO see them advance rap
idly In the next few DAYS, Following
are the latest quotations In local
stocks.
Desaret National Bank ....... 1884 90
n. {. NJ. /. .,.,,. e. ..,,,.,..... l42 90
Home Fire Insurance Co......... l22 40
Utah sugar Coco. .,.,.,.,,...... is 70
Ogden Sugar Co........... ..... 49,. co
state Bank Of Utah.. e. ... 1875 90
Deseret Savings Rank .......... 100 90
Co-op. Wagon & Machine Co.. l07 90
Commercial National Bank .,... 100 90
Utah Com. and Savings Bank. 1903 90
Provo Commercial & Saw. Bank M. 90
Lehi Com. & Savings Bank co.. 30 90
Thatcher Bros. B'kg Co.. Logan 109 90
First National Bank. ogden &C.. 1875. 90
Rocky Mt'n Bell Tel. Co (lssued) 100 90
Davis County Bank. Farmington 100 On
Barnes Banking Co., Kaysvllle. 200 90
Ogden Savings Bank ,,..,.,.,... 90. 90
BONDS.
Church Bonds 49,. g.. ......... 1854
S. l.. City Il. Il. Bonds ......... 10lA
The board OF directors OF the Utah
sugar Co. held their regular monthly
meeting this morning, Prest Snow pre-
siding.
The regular dividend OF per cent
was declared payable on the Goth inst,
the stock books 10 be closed on the
2Oth. Manager Cutler reported that
the crop was in beautiful condition and
the outlook more favorable than ever
before in the history OF the company.
He stated that he was In receipt OF
numerous applications from people who
desired TO buy land In the Bear River
valley, but after some discussion II was
decided that while the policy would be
10 sell the land, preferences would be
given people who had had experience In
the beet growing business.
July LIST viii witness the withdrawal
Of 100000 from our banks to take up
the payments OF the new stock Of the
Utah Sugar company (S5OO0 0O), and
that OF the Coop Wagon * Machine
Co. 100000. The fact that both calls
are made on the same date will cause
some rustling on the part of subscrib-
crs, and while both stocks may shade
OF for few days temporarily. brokers
say that there Is any amount OF money
seeking both investments, and the sub
scription will be made without Great
ing more than a ripple on the surface
Of our glutted money market. In fact,
they say that the amount OF money
hunting dividend paying investments
continues TO be almost unlimited, OPP
lions on Coop Wagon new stock have
brought from 81 10 s. during the week.
The fire Insurance figures for Utah
during the year 1900 are out, and as
usual the record makes interesting
reading The grand total OF premiums
collected in the state was about 100000
of which something like 800, 0O0-or
25 per cent came back In fire losses.
Adding commissions paid agents, sala-
ries TO travelling men and fees paid the
state a very handsome profit was still
left 10 the insurance companies. The
showing is a splendid one. compared
with our nelghbors In Idaho the loss
ratio was 42i9 per cent; In Arizona II
was 2l3 l-3 per cent. in Nevada 4i.2
per cent and In Wyoming 1913 per
cent.
In looking over the record OF indlvld-
ual fire COMPANIES writing in Utah,
some interesting facts are CLEANED. OF
the 100000 premiums approximately,
about S000o-or more than one-sixth
Of the whole. was written In the Home
Company: the Hartford Grant e. Co,
agents. Is down for s39.3s5. but these
figures include the business secured
from the Home Of Utah as reinsurance;