The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-04-02
: LOCAL TRADE
QUIET BUT FIRM
Improvement Is Looked For by Deal
ers This Week.
SUGAR COMPANIES TO JOIN
HEALTHY TONE IN SALT LAKE
AND UTAH SECURITIES.
SUGAR COMPANIES TO JOIN

Local trade was slack and quiet dur
ing the week owing no doubt. to the
cold and Indictment weather but X. G.
Dun & Co report that the outlook is
favorable for an Improvement The
dry goods trade i'm particular was af-
fccted by the adverse conditions. all
the local dealers having anticipated a
warm spell by displaying light fabrics
and the latest mode i'm millinery
However. II Is confidently believed
among local dealers that there will be
4 larS" influx Of trade thc coming week
because of the liberal railroad rates Of
ferod TO residents Of Utah and Idaho
who may desire to come here to attend
The conference. Extensive prcpa To tiouS
have been made by local merchants to
handle this annual trade, and a large
volume Of money is expected TO he dis
tributCd in salt Lake.
Business in General Is Excellent.
Tho business of tho country is i'm OK
CoIieut shape. and manufaCturinC ac-
t'i'N continues. The ease of the east
ern money market is displayed by the
quick absorption Of the new Japanese
bonds
I'm Salt Lake trade rs improving i'm all
lines and the prospects arc very bright
for an excellent season. The compile
ton Of the railroad 10 Los Angeles. the
mcHts at the fort and i'm the city will
materially improve business. The
money market continues easy.
tn" commercial stock and bond mar
k"t has been more active during the
week with advances nearly all along
tho line. one reason for this is because
local institutions. as rule. arc on such
solid basis. and i'm many cases have
good substantial SURPRISES behind
them. Meetings have been called for
May TO consider the consolidation of
tho Fremont and Idaho sugar com
panies and the propositions to be sub
mittcd 10 the stockholders are that the
Two companies shall he consolidated i'm
ON" corporation to he known a. The
idah" Sugar company with a capital
of S.. GOO 00o
Sugar Companies May Combine.
The paid-up capital Of the two pres
ont institutions is 1000. 600 each. so
mat the present stockholders will TO-
cClve share for share i'm the new com
FanN. while the other 81, 600. 600 will 20
INTO the treasury and be sold Ia the
stockholders at par as the money is
needed for improvements. The Idaho
and Fremont stocks have been active
|t advances since the above statement
was published
The following COMPANIES nav di,i-
deudS ina April. AmaIgamated Sugar
company. preferred Ia per cent. and
common per cont; CouSolidated Wae-
ON a Machine company. preferred Is,
per cent. DesorCt National bank. ? per
cent First National bank. Ogden.
per cent; First National bank. Murray
l'c per cont. Home Fire Tus1Ira nee
company, per cent; Lchi Commercial
q Savings bank, IL per cent; Ogden
Savings bank. . per cent. Provo com
mercial & Savings bank per cent.
Rocky Mountain Bell Telephone. com
bdDN. H. nor cent Cratp FRaDIr of -t.l,
2'2 per cent, Thatcher Bros BANKING
company. Logan. per cent. lions
savings bank. = per cent, Utah CouD-
~ Light & Power company bonds.
per cont. and T. g NJ. l. its Semi-annua
4 per cent dividend. During the week
the Utah Sugar company paid $50 OOC
dividends on preferred and common
stock.