Salt Lake Telegram | 1921-06-26 | Page 2 | Eastern Capital Enters Salt Lake

I CAPITAL CAPITALI ENTERS SALT lAKE Improvement in Business Conditions Reported The past pat week In local real estate circles elides marked the entrance of ot Eastern stern capital In Salt Lake on a n scale which should prove of ot appreciable a advantage to the would-be would home builder In the opinion of ot members of ot tho firm of ot I JenkIns Ashton company Negotiations were completed during the w week ek looking to securing for tor local residents an unlimited amount of ot mone money available for tor loans at 6 per cent Interest on homes and real estate Blair Richardson of ot the city sales de department ito ito- announced The money has hal been hen secured through the Life LICe Insurance company compan of ot New York under i u new poll policy C which offers life lite Insurance ani and financial aid In n one ono atan atan at nt an exceedingly low rate of or In Interest The loans loan will be bo made on practically practical practical- ly the same ame plan as the tho loans have ha been made In the past by the building societies In that It will be be- payable In Instalments at regular Intervals The amount of or th the loans which can con be made mado will be limited only to the amount of or the first mortgage a e which could be he secured on tho real estate property put up as security A second Instance where Eastern capital has shown confidence In the tho soundness o or of Salt Lake as a n city ma may maybe maybe be seen treen in the entrance of or the Wiggly company compau of ot Memphis Tenn The company owns and operates Achain a achain achain chain of ot retail grocery stores on the serving self plan llan During the past week thE they have succeeded In securing locations at nt 21 West Vest First South street a and 1111 at Sugarhouse and will open up for business within a n few weeks Mi Richardson declared that the fact tact that Salt Lake was 15 chosen as the city of or next conquest b 1 by this national company compau com corn pau pany was Indicative of ot the rating In which the city was held b by tho the Eastern corpo atlon