Salt Lake Tribune | 1917-04-01 | Page 49 | New Laws of Utah Subject of Address

vffi! LIS OF UTAH SUBJECTOAODRESS Richard W. Young, Jr., Talks to Kimball & Rich-ards Rich-ards Office Force. Eifhartl V. Young, Jr., gave an intcr-stin: intcr-stin: talk to the sales and office force of Kimball & Richards, " Land Merchants," Mer-chants," at their last weekly meeting, oi) news laws passed by the recent legislature legis-lature which will affect the real estate, investment and loan business. The greater part of the talk was devoted de-voted to the new Torren 's act which will take the place of the present ab-i-.ract of title. It has been found that the old form of abstracts is cumbersome, c'ostlv and in every way unsatisfactory from" an owner's and investor's standpoint. stand-point. The new Torren 'a aet, which has been adopted by several states of the union, by Canada and Australia and manv European countries, will make it ve to pass title to any piece, of real ,tate as readily as passing a certificate jr 0f stock or anv other negotiable instrument. instru-ment. This will be less confusing for the average real estate buyer and will therefore tend to make land holdings more desirable. An informal discussion was entered into by those present during the talk, and Mr. Young presented a great deal of valuablo information regarding laud titles in general and other phases of the real estate business. Kimball & RichardB, "Land Mer-chants," Mer-chants," anticipate an exceptionally active season for small truck garden lots, half acres and farm lands. The ireat number of inquiries which the company receives each (lay from all parts of the country regarding Utah farming conditions point to a record vear in this field. During the past week, tl-a company raceived an inquiry from a placer go'id miner in Alaska regarding regard-ing a farm which had boen advertised. : Iiqvii KfATi received from all over the United Statos showing an unusual interest in Utah and Idaho . farming conditions. In Salt Lake the movement toward the back yard "farm" has already begun and the com- , panv predicts the greatest year for "cottage gardens" in local history. . U a meeting of the directors of Kimball & Richards Securities company held on Fridav, the regular quarterly 1 dividend, amounting to $62o0 was declared de-clared and made pnvablo April 5. lne company's stockholders arc widely distributed dis-tributed throughout Utah, Idaho, Wyo-. Wyo-. ming and Nevada. A meeting of the directors of Kimball Kim-ball & Richards Building company was also held and a dividend of 8 per cent on the outstanding stock, amounting to $3000 was declared. A stockholders mcetin.' of the Building company was held nj Saturday morning. Reports by t'vrnside'it of the company showed j?at last season .was a very successful r home building year.