Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-01
REAL ESTATE THE
LEADING FEATURE
,n.Insss Situation During the
Week Has Proved Of
Special Interest.
MOOD DEMAND FOR MONEY
r-.des People Who Are Load
'" :, rbc,r shelves With Stock
For Holiday Rush.

r,o business situation for the past
..sS has proved of special in'eres. :"
wen .,o,e affairs, and in some lines
A. :, manufacture, Altogether II ma'
VI : satisfactory week. In banking
pe'" .,,n has fallen of with the winding
vac :, n,yments of taxes, but rates are
W. ,ree sitter as there is a steady ana
W" lnmand for money from mostly
svv So. ueoule who are loading up their
u ,,'.e. with goods for the holidays. ana
u' ,Se sugar men are reported heavy
.s.ro~srs to pay the farmers for their
rho weekly confidential letter
beeIF' wal street says. "The beavy
fon, of ~ Paul stock has been as
pgyns 10 the Hartman interests, or
eIDe. ~ a further issue OF stock ana
luh ,,,SraI rights on tho one hand. ana
sau.f for control by the Union Pacific
puyms on the other hand. In TINS
h ,~,l we might say that recent
developments point to q diVisloI vi u,.
I'non Pacific company as eNlstlh6 a.,
.,ssent into two parts, VIZ, the rail-
rosd company, and an investment conf
Any the former OF which should ne
p,ying 6 per cent dividends, WINE ,le
basement company will pay per cent
sm,dsnSs. This the Union Pacific Is
s,csS "a do. as the payment OF as
w o,ss dlylaends as 10 per cent on rail-
"a stock induced talk that the u. >.
.. vS will force the railroad to
s,Snce lts fares, according TO the old
rs statutes. wall street expects
VA, nv such division, great benefits
iii accule TO the stockholders OF the
rnlon Pacific Railroad company, ana
mere Is therefore an advance IN the
railroad shares.
IMPORTANT DEVELOPMENT
The most important development OF
me week was the unanimous agreement
KAT bin for the reform OF the cur
ssrcy system should be submitted to
M next Congress. As this plan Is also
S,rarred in by the chairman OF the
SanLng and currency committee OF the
MANA al representatives, and approved
nv Inc treasury department, 1t VIII
Nave a better chance than any plan
which has been presented TO Congress
heretofore. The most important part or
me plan is to sweep away the limit Oh
he retirement of bank notes eircuia-
tjon TO three millions for any month,
and that the government funds as they
accumulate above a reasonable work.
Inc balance are to be deposited In ma
,ional banks, under different safety
regulations, the banks paying for such
deposits interest at the rate or per
cent per annum,"
There has been noticeable Increase
II clearings this past month over the
BEARINGS for the November OF 1905, the
lures being $780, 959, 59y,2b as against
NESS, 635. 50, an increase OF S6,10O,S63 70.
BIG REALTY DEALS.
The real estate market has been
get with the exception of operations
h the south half Of the block bounded
by Main, State, and Third and Fourth
south streets. The deals In progress
here are Of such a magnitude as to
lye color 10 the belief that the Har-
rlman interests are meditating secur-
Ting possession of large share OF the
south half FOR the centralizing there Of
The street railway system, and from
whence the cars Will come and 30 In
al directions, as they do at the central
station IN Denver on the half block
between Fourteenth and Fifteenth,
AapahOe and Curtis streets. There Is
also current belief that Mr.. New
house will erect large and fine BUSH
Tess structure on the lot he has ao-
CURED from Mrs. Kimball, north of
Tie southwest corner OF the block.
There are also stories involving real
estate as far south as the Salt Palace.
But, so far the real estate men de-
Glide to give out Information as to the
rantors, or purposes OF prospective
owners. and In consequence the MORN
cs papers have been working their