Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-01-07
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BUSINESS NOTES,

Utah people will read with regret the
dispatch In this evenings News,
stating that the Colorado state bank
of Grand Junction had closed It's doors
owing TO the inability OF the Colorado
Sugar factory Of that place to meet lts
notes, The factory In question Is
well known In this state, 1t has been
struggling institution from the start
and has had TO call on Lehi people for
beet thnners and other aid
Manager Cutler Of the Utah Sugar
company said that while he was sorry
TO hear Of the trouble, 1t did not sur
prise him as the Grand Junction FAC
tory In It's efforts 70 get beets had paid
higher prices than II was warranted
In doing. In spite Of this they had not
yet been able to turn out million
pounds Of sugar, The price they OBJ
tained for sugar locally was even bet
ter than here. The factory had been
losing proposition from the first and
Il had been offered to Mr., Cutler two
years ago, but the offer was declined,
The Ben Harrison Gold and Copper
Mining and Milling company today Tiled
with the county clerk an amendment TO
its articles OF Incorporation, increasing
its capital stock from $500, 600 to 100000
The Nephl Land and Live stock COM
nany has filed copy Of it's articles OF
incorporation with the secretary OF
ftate. The capitalize ton Is for $4,000
in $40 shares. The officers are w. G.
Oakley, PRESIDENT ] T, Belliston, vice
president; George II. Howard, secre-
tary and treasurer The company owns
4.2il,99 acres Of land in Juab county,
and win do land and stock business.
II. L. Peterson has bought OF the
Provident Life and Trust company 4Sla
1890 feet on sixth South near Third
East street for $500.
A Richter has sold TO Mary ]. Shan
non 2lRxl0 rods with brick cottage at9lS
First street for S2,25O,
So
The morning papers presented to the
public today, In connection with the
proposed Keith business block, a pleas
ant little serio-comlc skit Of Katy Did
Katy Didn't, or Now You See and Now
You Don't The Tribune has It., mo
sky scraper for Keith" and says that
a two story building is to be erected
on the Walker House site. The Herald
says Keith 70 Build Soon, and re-
marks "'rhe first tangible indication
Of David Keiths determination to erect
u sky-scraping iireproof store and Office
building on the site of the Walker
House and the three stores 10 the south
was revealed at the city council last
evening" Architect Hale who Is be-
lleved by number Of his brother arch
fleets as having "a clnch" on the new
Keith block, said this morning that he
did not know anything about the two
story story. a second architect in
terested In the matter rather thought
the small building would be the one,
and yet another stated that the basis
OF the two story" tale was the re-
puted statement OF Mr.. Keith that he
dldn' know but that after all he might
put up two story building, When
Mr. Keith the most interested party Of
all was seen today, he said the Trib-
uue's statement was news to him, and
when asked II II was In the nature Of
a supposition he said II was, IL have
not decided yet what TO do" said Mr.
Keith. There Is a general hope ex-
pressed that ne win put Up the great
business structure originally intended.
Said a banking man today: II Keith
Will build ten story block he will
empty some OF the best blocks In town
as soon as his building is thrown open"
Tho Eastern Utah Oil company OF
ScofelC Incorporates with capital
stock Of $4,000, and these officers
President \, h. Earl; vice president,
+. y. Mellen; secretary and treasurer,
]. NJ. Leverage, directors, j. Ganman,
A. II. EARL, f. X. Melen, Bishop
Parmly, ]. NJ. Leverage. The company
will operate In the Green River fields,
and viii sink Tor oil right away where
there Is an oil spring from which comes
good quantities Of valuable oil.
Today's bank cearings amounted 10
$3.50, 9i5.5l as against S6S1 1896 for the
same day last year.
The directors Of the Deseret Savings
bank met this morning and declared a
regular quarterly 2 per cent. and a
special 4 per cent dividend. or IL per
cent for the year. This is
the fortieth Of the regular dividends
declared by this bank.
The national banks hold their regular
annual meetings next Tuesday and sew
eral officials Of the national banks re-
remarked that Il might be o good thing
for all Of the state banks 70 get slto
line and hold their annual meetings on