The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-12-21
HOLIDAY TRADE
REPORTED BRISK
Collections Are Good and Money
is Plentiful.
GOOD EFFECT OF HEAVY SNOW
COMMERCIAL STOCK MARKET
FAIR DURING THE WEEK.

good all over the country. The east
srn money market has been relieved
from the fear of a crisis by num-
Der OF. prominent banking houses agree
ing to loan $4,000. 600 on the market in
case of a bad stringency-
In Salt Lake business is satisfactory
anu holiday trade is brisk The heavy
SHOWS in the mountains are filling the
hearts Of the people with joy over
prospects of plenty of water for the
next summer for the city supply and
for irrigation of crops all over the
state. The banks have plenty of money
on hand for all legitimate business, but
a certain amount of conservatism IS
observed
The commercial stock and bond
market has been fair during the week.
The Utah Sugar company has had its
hands fun this week issuing new stock
for stock in the old Utah Sugar COM
pany. The new company now has
capital of $4,000, 900, of 100000 pre-
ferred stock and $4,000, 600 common
stock. The preferred stock will pay Z
per cent per annum dividends and the
common stock cannot receive any div
idends until the preferred shall have
received Z per cent. The first diVi-
dend on the preferred stock will be
quarter thereafter. There has been
a heavy demand during the week for
preferred stock by investors at $1,000
to SOTO per share. Common stock has
been active at $500 to $4.35 per share,
and as it is a speculative stock there
is no doubt that il will be extensively
traded in in the future.
The Deseret National bank is now
paying the interest on church bonds
due Jan. 1. On the first of the year
there will be a heavy distribution Of
dividends by different institutions.
Situation in Salt Lake.
George Rust. manager of the Salt
Lake branch of r. G.. Dun & Co, had
the following to say yesterday of the
local situation:
Collections are much better today
than they were year ago.
Why they are or should be
so cannot say. There is no
especial reason for il that 1 know of
excepting the general prosperity of the
times The banks especially report dol-
lections easy.
THE holiday trade is much better
this week than ii was a year ago at
this time. There is an apparent reason
for that. About this time in 1901 there
was a slump in the mining stock mar
ket. and men thought they could not
spend their money with the iiberality
which they show this winter. Stocks
are not much, If any, higher today
than they were a year ago, but the
brokers and dealers have accustomed
themselves to the quotations. The gen
eral effect has been that the better
class of holiday trade, such as jewel
ers and dealers in the more expensive
goods, are enjoying better business
than in 1901.
The jobbing business is still good
All houses are receiving large orders
both through the mails and through
their. travelling men. And a good per
centage of the orders are rush ones
Local Stock Quotations.
Following are the latest quotation,
of local commercial, manufe curing anC
bank stocks at selling prices and high
est bids:
Deseret National bank. ..-...s.,.. $2S2. o.
State Bank of Utah ............. 1900
Deseret Savings bank ........... 1880
Commercial National bank ...... 1000
lions Savings bank ............. 1920
Provo Commercial & Savings
bank ............ -.....-.....-... loU.U
Lehi Commercial & Savings
bank ................. ...s..... 1OO.O
Thatcher Eros bank. Logan. 1850
First National bank, Ogden. 24O0
Ogden Savings bank -...--.-..... 1850
Amalgamated Sugar company,
preferred 99.U
Amalgamated Sugar company,
common SO.U
Greeley Sugar company .......... 140.C
Utah Sugar company 21.C
National Bank of the Republic. 1905
Utah Sugar company new stock),
preferred lO.l
Utah Sugar company (uew stock,
common A.
H. &. M 1--.--- -.---..-.......- 1905
Home Fire Insurance .-.......... 143.t
Consolidated Wagon & Machine,
preferred ACKNOWLEDGEMENTS. 100.i
Consolidated Wagon & Machine,
common .......-.........-..... OIL
Rocky Mountain Bell Tele-
phone ...................... SS'
Mormon church bonds $500. 104'
Consolidated Railway & Power
DOiluS AVA-
Salt Lake City railway bonds. 103.
Sumpter Valley railway bonds. 104.
Davis County bank, Pennington. 100.
Provo Wooden Mills company -. So.
Barnes Banking Co. Eaysville. 210l