The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-25
TN REALTY MARTS.
Symptoms of a Re-
awakening.
VIEWS OF DEALERS.
The Excitement Of d Year
Ago Will Be EclipSed.
THE SALES FOR THE YEAR.
The Prevailing Prices - Additions
and SubdivisiOns-A Steady
Business-General.
VIEWS OF DEALERS.
THE SALES FOR THE YEAR.
The Prevailing Prices - Addition
and SubdivisiODs-A Steady
Business-General.

1t is now about thirteen months since
the real estate in this city and county
began to loom into prominence, and
thus attract the attention of those who
had had considerable experience in
boom towns" east aud west of US, and
to awaken our own citizens to a realiza
ton of the fact that property which
they had looked upon as being compar-
atiyely worthless was being eagerly
sought for. During the months of
November and December, 1887, there
was considerable stir, and not little
property changed hands. 1t was not
until the middle of January or the be-
ginning of February, however, that the
real estate storm burst in all its fury,
and the city was soon thereafter i'll a
lever of excitement such as made
the venerable individual known to fame
as the oldest inhRbitant raise 1p his
hands in holy horror and express his
fears that the city had gone to the cogs,
or that it should be rooted in ana
ASYLUM" As result, real estate went
up to a point higher than even the
most sanguine had anticipated
though not. we venture to state, to
higher figure than it is really worth, if
Athose DESTROYS of buying intend to pat
Pthe property to legitimate uses, and not
to handle it as a speculation pure and
simple. There are those and their name
is legion who believe that the time is
coming when the figures at present
placed upon real estate will be much
higher than they now are, or
ever have been. These base
their assertions upon the be
lief that Salt Lake is the coming
commercial and railroad center of the
inter-mnuntain region, and when asked
for reason for this belief will point
YOU to the resOurc, that exist IN none
OF the other towns that have made their
Way to the front with such astonishing
rapidity-have jumped from obscure
villages of a few thousand people to
cities of rs GOO and leo 900 population
within few brief years. 1t is conceded
by all who have made study of the
subject that there is no section of coun-
try on the face of the globe tina is as
rich in natural resources as Salt Lake
in particular and Utah IN general, and
there is no other place that offers the
same returns for money judIciously in
vested, no other place where invest
ments are more secure, where
life and property are safer. At
some future time-and that now
appears 10 be at no distant date
Salt Lake City must, Of necessity, be
come a railroad center, health resort,
and a manufacturing point of consid-
cradle magnitude. Our mineral re-
sources are varied and inexhaustible !;
our Great Salt Lake the finest watering
place on the globe, and our Warm and
Hot Springs far in advance of any
thing of a similar nature in the country.
The climate is unexceled, and when
1t is called the ideal" it is but receiv-
ing its Just and prooer credit. There
are no broiling summers to make life a
burden as in tn east; no winter
Billiards, cyclones or floods that are the
cause of so much death and destruction
in other quarters of the globe. Our
death roll from what have become to
be looked upon as strictly preventible
diseases is smaller than that Of any
other city of the same population in
the United States or in the
world for that matter, and
we are surrounded on all
sides by the greatest of natures SAM
tariums the cool, green canyons, and
the most be4utiful of mountain lakes
Then over and above all these is our
mineral country, which, while 1t has
yielded fabulous returns for money in
vested, has yet scarcely been scratched
by the pick of the hardy miner, and
the untold treasures that yet lay
locked in its bosom must some da7 be
uncovered and brought to the front.
The boom kept up with almost I'M
abated vigor for about six months, dur
ing which time there were at least
eighty regularly organized real estate
firms in the citv, to say nothing of the
hundreds OF citizens engaged in other
occupations who for a time turned
BUYERS and sellers. At the end of about
three months, however, one by one the
real estate shingles disappeared from
view; palatail establishments were
c'osed, and the unhealthy excitement
was reduced to business. 1t is but fair
to state, however, that the greater part
of those who became dis
gusted and retired were irrespon-
sibIes. who had purchased second
hand carpet and obtained sixty days
time on their desks and sign work.
This is true, we say, in majority o
cases. vet there were some old Time
residents who went into the business
merely as an experiment or tempo
rarily. The solid real estate firms are
here to-day, and their faith in the
future of the city is as strong now as 1t
ever was. Indeed. it may be said to be
even stronger. for many came here
s-;fh hnf emattQrinQ of knOWled pe