The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-04
The Realty Figures Nearing
Their Proper Attitude.
THE TRANSACTIONS TUESDAY.
A Street Railroad Scheme-Capitol
Hill for Residences-The Interest
Manifested Abroad-Eto.

sections. 1t was remarked by one
operator, yesterday, that the "dull
shot," as he termed it, would do good.
AS result of the short stop in the d eal-
iDgs, prices are coming down from their
lofty eminence. Pieces that were
offered couple of months ago for
81 600 were now held al 81 900 and 81 500
less thaa that figure.
Carter & Stanton were negotiating
with a party, yesterday, for $4,000
piece of property near the Warm
Springs, the gentleman contemplating
the purchase having in view the cree
ton there of factory of some descrip-
ton, but what kind did not transpire.
This firm is doing something right
along in handling and disposing of
properties. Yesterday they sold two
vacant lots, one near Liberty Park, for
$3.50, anC one on the North bench. for
50 GOO.
Mr.. Stanton, in speaking of the pros
pecs OF the lIumediate future, was
sanguine that the era of Salt Lake 8
prosperity had daWned. II see they've
Auerbach's and Scott's buildings" SAID
he, land just as soon as those things
get started, and the people see there is
somelh ng going to be done, just SO soon
will the boom start anew. The conf
dence will increase, and business will re-
ceive new life"
Branching off on another tack, he
went on: "a Carter 81 tanton excur-
sion will leave Denver on the 11th, and
my partner, who is in that city working
it up, writes me that he has already got
list of twenty-five who are coming on
it. He is figuring on seventy-dya or
100. | am just writing to him, now, Of
scheme [ have been thinking OF.
We've got couple of blocks on Ninth
North Street, near the Warm Springs.
and l was thinking it wouldn't be bad
idea to engage an auctioneer by the
UIme the ext Grsion arrives, aid auction
'em off in lois to suit
At KELSEY, Gillespie 81 Pomeroy's es-
Establishment that trio were in good
spirits concerning the state of the real
estate trade. Mr.. Gillespie said thew
were selling right along, pieces every
day nearly. Monday was an exception.
But yesterday they disposed of several
good lots. One on Capitol Hill, for
Holmes & Akin, to J. II. Culver, OF
Sioux City, for Sc 600; house and lot
on the corner of South Temple and
Twelfth East, for 81, GOO; a lot and half
on the north bench, to II. G. Dent, OF
Iowa, for 81 100, and lot 4, block 1877, on
the north bench, to Moritz Thompson,
OF Wakefield, Iowa, for 81 500.
The same gentleman spoke enthusi-
aStically of q scheme for a street car
line, which he and others were figuring
on. He was calculating on inducing {.
syndicate OF moneYed men to go in with
him and put the thing through" The
route Of the line, as proposed, will be
from the railroad depot at Second South
Street westward over the Jordan
River, which is to be bridged at the
point of crossing; thence south past
the Fisher Brewery to the Sixth
Ward Bridge, which it will cross and
return to the city and up into town
through the lower wards. This, it is
reckoned, will have the effect of in
creasing real estate values in the south
western quarter of the city. The road
will be something like two miles in
length.
Capitol Hill Is looked ulon by many
as the residence locality of the future,
and property thereon is held at good
figures. One investor, who bought
four lots there couple of months ago
for Sc 600, let them go the other day
and realized $40. 600 on his outlay. One
of the returned Denver visitors re-
marked yesterday: If they had any
thing like Capitol Hill in Denver, it
would be in demand at $3.50 foot"
A committee of the City Council went
over the ground on the Hill yesterday
and settled upon a course of action.
The hill at the head of Main Street is to
be graded, and the mammoth hole on
the rights 10 be filled up and the sur
rourdings leyeled eff.
Mr.. Kelsey was tireless in his praise
of the Denver people for the manner in
Which they treated the Salt Lake dele
CATION. He spoke of the good work
done in advertising, and repeated what
has already appeared in this journal
regarding the enthusiasm manifested
by everybody in Utah and her resources,
the disseminating of Salt Lake litera-
ture. etc. Speaking of some of the en-
terprisiug capitalists of the Colorado
capital. he said, "If we only had a few
of such men here, we would grow and
increase in wealth and Importance like
Denver has. We have better oppor-
tunities here-better than they have
anywhere. But" he added prophetic
ally, they're coming, sure"
at the majority or the real estate
Offices the response to the inquiry of
"how's business?" was: quiet, o-day.
But all were in anticipation of an
awakening in few days, when The
stream of visitors expected from the
{ asst begin to arrive.
They nearly al, had propositions in
hand and sales perfecting, some of which
were hanging FIRE IN consequence of the
to procure the requisite papers
at the county recorders Office. that in
stitution being so crowded with work
that they could not be had.
Taylor Bros. & Give closed good
sized bargain few days ago, but which
escaped the vigiIant reporter until yes
terday. 1t was the sale of tract near
Jordan, for which 500, eco was paid.
At the Chamber of Commerce inquiries
from abroad are coming in daily, and
great amount of interest is exhibited by
GU side people in the Territory and its
advantages and inducements.
A lar photograph will shortly adorn