The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-09-20
SIGNS OF BOOM
IN SALT LAKE
Increase in All Lines Of Business
Reported.
REAL ESTATE MORE ACTIVE
-4-
PROSPECT OF NEW DFPOTS
MAKES IMPROVEMENT.
REAL ESTATE MORE ACTIVE

&he initial signs Of the expected boom
=, salt Lake are here. During the
week business has improved in every
line. while in real estate tine demand
has been more active than for long
time before. In building there is un-
usual liVeh-ess. During the week for
ty-two building permits were issued
30.
Most OF these were for buildings Of
moderate cost the most expensive be
ing the Federated Labor hail. which
a. Fisher is erecting at Fourth South
and State streets at a c0St of S25.000.
Repairs and additions on the Central
block. 46 West Second South street.
viii cost $4,000. The AnheUseT- Busch
Brewing association proposes TO build
warehouse which win cost 10000
The new Jewish synagogue on Third
East street between Third and Fourth
South win cost $4,000. The Brigham
Young Trust company sill spend S.
Geo on a block at iO7 South Main street.
Joseph Dederichs expects to put $1,000
into a new residence at 643 East Sec
ond South street. The other permits
issued were for smaller amounts.
Demand For Real Estate.
The demand for real estate in all
~
the city council settles the depot fran
chise matters, provided the decision is
favorable to the railroads and work
can begin on the two handsome pas
senger stations. it is expected that
there viii be an unusually lively mar
ket. while the expenditure in the city
OF some $2000,000 for this purpose alone
viii help all lines Of business. Many
prospective buyers are looking for
On 1re H. L -
posed Rio Grdnde depot and shops
and in North Salt Lake close to where
the Oregon Short Line shops are to be.
There is also a lively inquiry for
warehouse property, with an increas-
ing interest in the more expensive
downtown real estate.
In all mercantile lines the quicken
ing effect has been felt. The change
to fall weather. bright and pleasant
though fl has been. has caused a de-
mand for clothing Of all kinds. The
presence for a week of come 1000 out
siders in Ogden and Salt Lake has put
more money into circulation in both
cities. The improved price of silver
means many thousands of dollars to
Utah each day, and the added income
is going into the channels Of trade
Sugar beets viii be moving soon. while
some Of the other crops Of the farm
ers already are yielding good returns.
Commercial Stocks.
Local commercial stocks and bonds
are feeling the general influence of bet |
ter times. The demand is better and
prices rule a shade higher Quotations
are as follows:
Deseret National bank............S2 S1.0 90
H. {. VI. I.......-....... ..-......... 1890
Home Fire Insurance Co... 1000
Utah Sugar Co. preferred........ 9.75
10 common ...-.-..-.-.......... 5-65
State Bank of Utah........-...... 1900
Deseret Savings bank.-..-....-. 2G0.OO
co. -. ..,. ,.> anu 1850
Provo Commercial & Savings
bank .... OBSERVATION-DISCLOSURES. 1900
Lehj Commercial & Savings
bank -....- ............... 10000 I
Thatcher Bros Banking Co,
Logan ..-... --......----..--.-.- 1900 I
First National bank. Ogden. 225.OO
Davis County bank Pennington. 1880 !
Barnes Banking Co, Kaysvilie. $4,000
Ogden Savings bank .-.-........-. 10000 Z
Consolidated Wagon & Machine
Co. preferred ---...-.......-... $500 .
do common Observation-Disclosures. $500 I
Greeley Sugar CO.................. 1890 /
Fremont County Sugar Co... 11.OO /
Amalgamated Sugar Co, pre-
ferred Geo.. ACKNOWLEDGEMENTS. 94.0O +
DO common .................. 1900 4
Idaho Sugar Co-.................. 11.g5 /
Lewiston Sugar Co......-..-...-.. 1000 I
Provo Wooden Mills CO...-........ $500 I
Peoples Coop. Lehi.............. 1000 /
Bonds.
Church bonds .--...............-...1 1913 4
Consolidated Railway & Power Co. 9S
Salt Lake City railroad. .101% /.
Sumpter Valley railroad ...........1OZ {
Utah Co Light & Power. .101ik .
The preferred stock of The Utah
Sugar company viii draw it's quarterly
dividend Of Ia per cent at the END of .
the month In October the following
dividends win be paid The Z. g n .
J., 4 per cent, and probably the per 8
cent extra: Home Fire Insurance COM D
Dany- per cent; state bank. . per cent; /
lions Savings Bank a. Trust company.
2 per cent; Provo Commercial q Saw 1
ings bank, 2 per cent. Lehi CONNER /
cisl & Savings bank, IL per cent; .
Thatcher Bros Banking company. !
pe~ cent. First National bank ogden.
. per cent. Rocky Mountain Bell Tele-
phone company, IL per cent. and the
Consolidated Wagon & Machine COM 4
pany, ia per cent