Show ALEN iOCK S SOLD A Big Deal in Real Estaet Closed Yesterday CONSIDERATION IS 110000 Henry Phipps of PHtsburg Who Already Al-ready Had Heavy Investments Here Completes Another Important Import-ant Transaction Through His Agent P B Dillon ExGov Thomas Negotiated the Denl Mr Phipps will Later on Erect Big Building f An Important real estate deal Involving Involv-ing the transfer of the Galena block and Second at the corner of Stale South was consummated yesterday The property was purchased by Henry rhlpps of Pittsbunr Pa froih the Na tional Bank of the Republic through Its president Frank Knox und the consideration con-sideration was 110000 The sale was brought about by Gov Arthur L Thomas who met Mr Phipps in Chicago Chi-cago on May let and arranged the deal at that time P K Dillon of PHtsburg came to Salt Lake as tho agent of Mr Phipps and completed the purchase Mr Phipps is now In Europe he having sailed on May 9lh Mr Phipps has other large property Interests in Salt Lake and has shown his confidence in tin future of the city by this latest large investment His enterprise and energy will undoubtedly be felt In the future The Galena block Is at present hut two stories high but It has a large frontage on both streets and the I site will In tUne be improved by l a line office of-fice building of flvc or six stories The building is at present occupied by a number of stores on the ground floor and by offices and furnished apartments on tho second hoer the general offices of the RapId Transit company being located in the building |