The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-03-18

mile and quarter up the north bench
Say" said the real estate man, get o:
to that view, viii your and be
pointed to the glorious expanss
directly east and west. "Great Scot
you don't suppose I'm paying $500
rod for vieEs do you?" And there is
silence for the space of minutes in which
one could hear the d slant trees bark
There is no diminution in the real
estate furore. The rise in values is
not as pronounced as it has been.
Despite the excitement there is deerly
abiding fear that the present excite
ment is wholly superficial, and while
property owners in many instances are
afraid to accept the price they have
put upon land. they also tremble les
they will be unable to get the amount
asked, and the goSsamer thread upon
which they believe the who'e thInt
hangs be snapped in twain. In their
desires, like the man who killed the
hen that laid the golden egg, they also
| dread the same fate Detailing them
selves. But there are as many Peter
oyer-confident,s as there are Thomases
over-doubtful and between the dubiety
Of one class and III sanGuineness of the
other, prices in realty hold their Own.
TIE BOOM coNTINUETH
it' own way surprising these, astounG-
ing others and hewlldering most. There
seems to be no limit TO the possibilitis.
and while many Old citizens to whoa
boom is really an unknown term
shake their heads Comm )us'y, the!
do, nevertheless, manage to kee!
abreast of the times and ca.
Kick the highest realty fgur.
every time tuey are asked what they
want for their land. But places are
bought, however extrGyagant the pric,
may seem, and it will be very shorl
time before this city will be the seen,
Of more astonishing and rapid changes
than it has witnessed in the last fifteei
or twenty years. Old land marks viii b.
obliterated. Houses that tave becom
as we'll known as the faces of Their
owners will disappear and the place.
that once knew their owners will know
them no mere. A large proportion CT
the inhabitants of Salt Lake are no
constituted SO that they will tax {
kindly to life in metropolis. They
will leave; and such places as Provo
Logan and Brigham cities will fud ac-
cessions from Salt Lake. Selling GU
their homes here at the advanced
figure they will
SEEK PLACES OF ABODE
where prices are more in keeping with
their frugal taste and where they can
beremoVed from the whirligig Of excite |
ment which it seems all must ride !
where there is boom. Already some |
firms have arranged for the sa OF |
properties, aud Thatcher, Blair & Go. |
have on their lists several outside pro
per:ies which are astonishingly cheaI !
in viewiof the prices that prevail here l
Other firms are following the sam, !
plan, and we may expect to hear OF rise |
in values in the larger of Utah's ruraI |
cities.
There seems to be no doubt that |
prices are higher than people expect
to get, and there is no way of
TAKING A MANS BREATH
so quickly as to offer him the !
figure he has put upon his land. |
And to say DO to any advanced
figure and fearing he will not get so
GOOD an Offer again. The lot of the
property owner who wants it all is not |
happy one by any means.
Moreover, there is general and |
deep seated complaint among real es- |
tate men, because of untruthful prop |
erty owners. The oJner will put a |
price on his lanG, and when q sale Is
effected, if the price hss gone up, he |
makes all manner Of excuses to avoid |
keeping his word, aud sometimes fatty |
refuses. Such thing is a very great |
drawback to the reputation Of real |
estate men. for party dealing through !
them who is once disappointed rarely |
20 sSback to the real estate man again. |
There is q piece of land on Second |
South Street on which there are perhaps |
twelve rentabie shanties. The income |
from that ground and rookeries Will moi |
bring in to exceed $500 per month. A |
similar piece OF ground in Denver would !
be adorned with building that would !
bring in So 900 per month, and vet there |
are trifling differences in the way of its |
sale which a few hundred would re-
move, but the removal has not been |
effected. The determined lethargy Cd |
the part of many property owners is |
the greatest drawback 10 the building |
up of Salt Lake. When the new assess
ment roll appears, and when the local |
tax for sewerage and street and side |
walk improvement is placed there will |
be shaking among the dry bones that |
will be heard long distance.
MORE IMPRovEM INT.
It is rumored that arrange
ments are making to cut streets |
through two of the business blocks. It |
is said that Spencer Clawson proposes |
tearing down the Squires barber shop |
and running a street through there to |
CO meet with another running north |
and south. de will then, SO the story
goes, putup 500 600 store on one of the
corners formed. /