The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-01
A SPLENDID OUTLOOK.
A Glance Over the Situation
Here.
TALK CONCERNING THE BOOM
The PrOspto ct Of Building This sum-
mer-Capital to be Put In Circuit
atiOn-Recent Transactions.

past lew udyS, WIN SonS people,
whether the real estate excitement had
completely collapsed, or whether it was
taking a rest previous to a new start
The apparent quietnes' which has
reigned in realty-dsaling circles has
given rise to this inquiry. But visit
to most of the principal firms yesterday
dispelled the idea of the pinching out,
TO great extent. 1t is true, and none
of the gentlemen seen could deny 1t,
that considerable of the speculation had
ceased. Capitalists whose intentions
were to buy to sell, and realize on their
purchases, had become scarcer, and in
vestments were fewer in that direction.
Bona fde sales, sales wherein money
had changed hands, the transfers
been regularly made and posses
sion rellnquished and taken, were
still being consummated. One
gentleman in a leading firm of real
estate dealers, was absolutely offended
when the question was put to him:
How about the bottoa falling out of
the real estate boom?"
why, there's nothing OF it." was his
assuring answer. I'VE are doing good
business, right along, making sales
every day, and have just completed a
couple of transactions to day"
Well, how has this talk originated p"
| persisted The HERALD representative.
70. [ guess some OF these small firms
| hcu VA fujyaN tO In an b1SiDnSS Of
qusnco recently. and have become dis
heariened. AS I've told you, we are
dong first rate, and so are some other
firms snow Of"
The cause of the halt called among
spectators has been stated in these
columns, and remains the same:
Parties owning property have raised
their prices and put them beyond the
reach of capitalists who wanted to sell
again and realize profit.
| The case was plainly stated by one
gentleman, seen by the reporter yester-
| day afternoon. He remarked that
it was good deal the fault of the peo-
pie themselves. They had, many a
time and oft, given their properties to
dealers. and. after every arrangement
even the making out of the abstracts
and deeds-had bean perfected, they
have backed out, or increased their
price. There have been instances
whore agents have been to much trouble
and expense in securing Custom3ls for
property, and the transaction has been
knocked cold by the instability of the
seller. These actions have had the
effecto of driving off capitalists, who have
been disguised with the chaDgeabieness
and fckleness of those they wanted to
40 oil T1rith pr-pnG no u%aHIyy
put upon properties one day, and when
a purchaser hes been foUnd and taken
around the next day to complete the
bargain, the owner has said, We'll,
l guess l don't want to sell now,
or, if 1 do, [ must have
$500 or $ 900 more to-day than I said
yesterday" All of which means that
men with money, who have thus been
dealt with, have concluded that the
property-owneTs had taken leave of
their senses, and have retired for time
until saneuess is recovered.
THE PROSPECTS.
1t Was correctly stated by one gentle
man, last evening, when he said that he
believed the substantial investors had
not yet arrived; that the squirt of few
weeks ago was the result of few CAPT.
talists, VINO bought to sell; that the real
and perma lent buyers were coming and
that ere long, when the transactions
would be such as would prove lasting
and beneficial TO themselves and the
community.
There is no one who, when he reflects
for a moment, but can see that there
will be an era of improvement,
progress and plenty the con-
ing summer. The buildings which
are sufficient to insure a stable
and telling effect on all classes OF the
community. The cash which will be
circulated in paying for material, in
settling labor bills and in liquidating
furnishing accounts, will give cheer
fnlness to everybody-merchant me-
chauics and laborers. Several hundred
thousand dollars will be put in c;rcula-
tio1; that money will be spent here,
where it will do thessmost good.
WHAT ABE THEY2
The one which looms up more signifi-
cantly than some of the others is the
Capitol Hill improvement. on which the
Territory is to expend $50 600 before
the next SeSSlOu Vi Luc ASRl6ldIuTo
This means considerable employment
to idle talent and the purchase of quite
q lot Of materials.
The erection of the Territorial Fair
buildings, on the Tenth Ward Square,
under the auspices of the Deseret Agri-
cultural and Manufacturing Society,
for which an appropriation Of $50 600
was made by the Legislature, will give
to the eastern and southeastern section
of the city lift to the extent of that
amount, besides enhancing the value of
real estate all around there.
Then there is the expanding of the
appropriation made for the finishing of
the University building, and that for
the institution for deaf mutes, which
will put in circulation a big amount of
coin of the realm.
What more?
The government building. Though |
this edifice is yet to be provided for by
the powers that be in the national
Lepisla ure, there is little doubt ex-
pressed of the granting of sufficiently |
large appropriation to rear magnif- |
cent structure for Federal purposes in |
this city. This. at the least calcula-
ton. will give 100000 into the hands |