The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-13
REAL ESTATE TALK.
Some Ideas Advanced by Diff
ferent Dealers.
THE INCREASING ACTIVITY
The Views Entertained by Messrs
Westerfield, Smiley and Kelsey
General Notes.

yesterday afternoon revealed the fact
that the majority were IN good spirits
and all were either anticipating good
sales or had closed important deals.
Real estate men are usually the first to
feel coming prosperity and their ups
and downs are good indication of the
fluctuations in business circles-a
barometer, so to speak, 1t is a we'll
known fact that business has been quiet
throughout the entire country preced
ing the election and the lull in COM
merce in this city has been from no lack
of resources but the inevitable result of
the political eruption. The turmoil
has been assuaged and men with capital
have an opportunity to turn their at
tention elsewhere, the effects of which
are already being felt in the real estate
market. Mr.. Westerfeld, of the
firm Westerfeld & Lynch, when
Intercepted by HERALD re-
porter concerning his real opinion
of our future remarked as follows:
God never manufactured the man
City than | have. OF course we do not
expect anything more than a steady
growth but at times, no doubt, the CITY
will manifest symptoms of a boom.
We know of two pieces of central bust
ness property being sold to-day to
old residents of this city at good ad-
vance over last springs prices, but are
not at liberty to designate the property.
There also are deals in course of con-
summation involving over $50 600 worth
OF Salt Lake property. 1t is patent
among real estate men that eastern
people consider business property to be
held at lower figures than residences,
considering their comparative intrinsic
values, hence men with means prefer
investments in the former class. Old
residents CT the city realize that now is
the best time to invest in property and
many are doing So"
DR.. D. A. SMILEY, of Smiley, Groshell
& Co. said. I'VE are investing all the
money we can get in Salt Lake property
and l think there are brighter pro-
spects for this city and more opportun-
tiles for making paying investments
than in any other city in the Union.
When our proposed improvements
have been made, few more substan-
tial factories established and more
traDscoL tinental railroads built, we can
compete with any commercial center in
the United States. This is rather
sweeping statement, but taking into
consideration the fact that raw ma
terial of every description is found in
the Territory and only awaits the ad-
vent of proper facilities to prepare it
for the market, there can be no doubt
as 10 the correctness of the statement,
for other cities usually depend solely on
one or two leading industries while we
are so located that We can make all of
them leaders. While in the east few
days ago. found a number of capital
lists who have their eyes turned on Salt
Lake City and will soon be here to
investigate for themselves the chances
for speculation. The impression east
ern peple have of Salt Lake is generally
good ana the remarks l overheard con-
corning our city were of the most favor
able nature. On our list of correspon-
dents we have number of men who
will shortly invest considerable
amounts of money in Salt Lake soil, and
by the way, another letter yesterday
we received from man away
down in Kansas who had clip
ped out our lad" in THE HERALD
and asked US for further information
concerning certain property. This is
but one ms lance out of many and prac-
ticalIyillustrates the advantages to be
derived from advertising, individually
and collectively"
Eli B. Kelsey was asked what his
opinion was concerning the near future
of Salt LAX City, its growth and deVel-
opment, and the present prices for
property. He said 81 think fhe pros
poets are very promising. [ course we
are all aware that we depend largely
on trunk-line railroads reaching our
city before we can expect any
rapid growth or increase in population.
feel safe in saying the roads will be
here in the near future, and in the
meantime we are going to realize the
benefits from their near approach. Our
greatest need at the present time is the
display of more enterprise in our own
citizens, especially our representative
moneyed men. If they will only take
hold and start more home industries,
and thereby show that they have con-
fidence in the country, outside capital
will not be wanting. Another i'm
portant need is the exercise of more
activity in our City Council and mu-
nicipal officials in commencing public
improvements, such as sewerage, etc.
| We cannot reasonably expect men Of
means to move their families from
other cities, where they enjoy good
sanitary conditions, and settle here
until they are satisfied the conditions
are favorable for good health. Speaking
of values ia the majority of instances, [
think, they are too high, many property
owners are disposed to discount the
future from one to five years in setting
price on their real estate; but there
are others who are satisfied with
present values, and have no hesitation
| in saying that now is the most favor
able opportunity that will ever be
afforded to purchase real estate in Salt
Lake City and vicinity.
GENERAL NOTES.
A. J. GUNNELL has sold large num-
Der of Buena Vista lots.
Al. WHITE has just returned from
trip to Helena and Butte.
FIVE deeds were filed in the recorder IS
ofice Tuesday, aggregating SO. 800.