Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-02-01

yet the very people who are benefited
by employment made possible by these
enterprises have been taught to scoif
al and revile Wall Street. The capital
of the country invested in the stocks
and bonds Of our great railway and
Industrial enterprises are owned broad
cast throughout the States, and yet
without the exchanges 10 furnish a dali
ly market for them--a market which
makes them convertible into cash at
n moments nOtice-they would fail like
n dead bird, and all further enterprises
would be stlfied The very speculation
that is so much condemned Is what
makes the market broad enough-fur-
nishes one set of men willing to risk
a part Of their own money and to
borrow the rest to enable another set
of Inen-investors. capitalists, mer-
chants, farmers, and miners-promptly
to dispose of their holdings, If they
wish to change the form OF their in
vestment, to use their money in their
own enterprise. The competition in
the market for these securities II what
upholds their value; without market
they would drop like any other COM
modify where the individual owner
must search out an individual buyer.
and submit to enormous discount just
because he wants to sell"
BIG REALTY DEAL.
The real estate situation the past
week, was enliVened materially by the
Popperton Place deal, whereby Mr..
Samuel Newhouse became the possess
sor of that piece of property covering
about las acres that had not up to
date passed out of the hands of the
Denver Syndicate Investment compa-
NY The total OF the mortgage as
sumed and the actual cash paid IN the
transfer is put at S225,000, although the
consideration on the transfer sheet is
recorded at one dollar, II is stated
that Mr.. Newhouse viii eXpend a large
sum OF money in local improvements
this spring, which means work foI
many mechanics and laboring men,
The transfer is the si2eable deal OF tho
year so far, and il is hoped that II
win prove merely the forerunner OF
other large realty transfers which
mean local development and improve
ment.
WORK ON BIG BUILDINGS.
Otherwise the real estate situation
Is naturally inactive at this time of
year; but dealers find enough to do
In moderate sales which In the aggre-
gate amount to respectable tigule.
General building Ia reduced 10 its low
est terms, for the time being; but AS
the roof Is now on the Judge building,
and the windows screened, interior
work goes on entirely Independent OF
the weather. Then the delay al the
Newhouso buildings caused by injury
to number of important great stones
in transit, has been ended by their du-
plication. so that the superstructure Of
steel which was held back IN conse-
uuence, Is now being rapidly set up.
As the remainder of the steel Us on
hand, the completion OF tho remaining
four stories of both buildings ia now
promised in three weeks, These viii be
the most imposing structures between
Denver and san Francisco, The con-
tract for part Of the new warehouses or
the salt Lake Hardware company has
been let, and TIT structure, which u rs
claimed will he the largest warehouse
In the intcrnounuin country, VIII forge
ahead. as fast as climatic conJih 'hI
viii allow
Houses for rent are now 90 ha had,
though not IN any number HaG lhaie
does not appear 10 be any euor- ur
landlords 20 push Mp rentals,
LUMBER PICKING Up.
The lumber trade reports hu5m sa I'M
Creasing gradually, although collections
ARE not what they should be, bu. hop rs
are for the better in this respect LO-
cal dealers report Inquiries from differ
en, points of tho state, aud from tfg
north SO the future looks sradfyiAg
er ough A letter from a BIG Portland
it,m says there Is quite a heavy lA'Jl
hs &c up there, with prices oven bet
tsf than have obtained heretofore. BIH-
ntff mas picked up remarkably in ma
las, 10 days. the single mara a. un
tru advance, an increase OF 20 cen y ~,
100 having been made filco ilat wee Il
However. teh advance win not be re-
nected IN the local marAst as Il Il
hClely rcadildtntHt 40 E}taa Oh
tainlng before the recent slump indies.
lions point 90 an advance shortly n
sash and doors-the former due 20 IN
ERASED prices IN glnss and the latte
lie ia scarcity or the particular lunl-
hel, witch makes Il hard 10 obtain
Dealers arc much interested In tha lat
question, anal arguments on Whlch NJ
10 be held March 4 next, before tne iu
t1ttate commerce commission. Ia TN
meantime rate matters remain IN s'all