Salt Lake Telegram | 1908-01-28 | Page 1 | Mortgagers Need Fifty Million in New York City

MORTGAGERS NEED FIFTY MILLION IN NEW YORK tORK CITY NEW V YORK Jan US Speculative S S. o operations in iu real Teal estate in this cit city and many others other ac according or ing to leadin leading operators operator will bo be small in volume until what arc considered the more le legitimate iti mato mate demand for ca cash h of tho the mortgage borrowers arc are satisfied Mortgagors ors in this city alone who are ura pre pressed to renew their loans or to got new loans loan need nearly said paid an nn official of a n prominent institution institution tion which makes largo large o loans on realty in d discussing tho the subject yesterday They must have e our first tion After their wants arc are supplied there will be plenty of money for the themore moro morn speculative demands of operators During Daring the tho next few months while the surplus mono money 18 is being taken steadily for tor such ur urgent ent requirements rates will hold bold strong Later the they ought to get et lower the tho pressure from necessitous necessitous nece itous sources will bo be removed