The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-04
WILL INCREASE
CAPITAL STOCK
Rocky Mountain Bell Proposes En-.
largement of Capitalization to
$1O,OOO,OOO.
TRADE CONDITIONS GOOD
FORMER is GOOD REASON FOR
ROSY BUSINESS VIEW.

From s., SOC, 900 to s1O.OO00OO IS the
increase I'm capitalization planned by
the Rocky Mountain Bell Telephone
company and at a meeting TO be held
at the general Offices In Salt Lake city
Feb. IS. this proposition Will be SUD
mitted to the stockholders. Manager
D. s. Murray yesterday explained traI
the Capitalization was to be Increased
In order 10 meet growing expenses re-
suItiuS from largely increased equip
ruent In this city and all over the
Rocky Mountain Bell system Ell
larQements and improvements accom-
plished and planned are uhProce-
dented.
In the business outlook for FepruaIy y
At the outset Of this month and the
pnd of January, business men are feel
ing eood. There is a good tone 10
lrads in every line. Retailers report
better than normal business, which
means more than usual in view or
weather conditions.
Tookfn' up" is the way realty
agents and builders speak Of their re-
gpective lines. The uptown district
has been undergoing a number OF
changes all for the betterment Of al
January Is Exceptional.
This has been an exceptional Jmu-
qrv dssptte the weather which would
ordinarily have retarded trade to a
great extent. Collections are better
than ever before, and the business
outlook Is excellent" said George
Rust. local mana ger for Dun's local
agency. when asked Of trade condi-
inc
new year,
lust look at the increase in bank
cIearfngs," he continued, and you Will
get a fair idea of the volume or bust
ness IN Salt Lake City"
One following Mr.. Rust's advice and
looking up bank clearings as an index
10 general trade tone might have
found that Salt Lakes percentage OF
increase was greater for the week end
ing Feb l over the corresponding
week OF 1906 than any other city in
America Salt Lakes cleaTings for the
week ending Feb. / were S6,II4.3l4 an
increase over 1905 Of 1411 per cent
Salt Lake led Denver 164.5 Der cent
the Colorado capital being PA per cent
Ito the bad" Seattle and Los Angeles
were left considerably IN the rear, the
former scoring an increase of Is per
cent, the latter of 29.5 per cent.
No city OF the west comes within
viewing distance of Salt Lake.
For the week ending yesterday noon
Salt Lakes bank clearings were S.
444.211.02 as against S2.8O7. 20 for the
corresponding week Of 1905. d gain of
over 125 per cent. The figures in de-
tail will be found elsewhere in this
column.
Local Stocks and Bonds.
This has been a fair dividend week
several pOst-New Years remem-
ORANGES having being received by
holders of local stocks. The Idaho
Sugar company declared a regular
quarterly dividend OF 11h per cent Feb
l. On the samedate the Consolidated
Wagon & Machine company declared
, per cent special dividend on pre-
ferred stock, and q special 9 per cent
dividend on common.
The feature OF the week has beer
the upward inclination on the part OF
Idaho sugar. Favorable reports and
figures from producing and marketing
points boosted the stock from S10.O5 al
the opening Of the week to 5000 al
the close. Local brokers say this IS a
normal price under present conditions
and that the increase in stock value
is a healthy one.
A good local demand for bonds IS
reported
Following are corrected quotations
for local stocks and bonds: