The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-02-19
MAD ON REAL ESTATE,
The Dry Bench Problem
Solving Itself.
SELLING ON TWELFTH STREET
influx of Strangers-The Nomads-
Effect of the Political Flu
sion on Investors.

6IOA on luEcebOIbs
From six to dozen new cal esta tie
firms have blossomed out during the
past ten days.
The demand for offices made by the
new firms has had the effect of mater
tally stiffening rents all over the town.
During the past week Or 50, several
cas- ern parties. who had arrived to
look over the situation, aud who were
satisfied after very short survey that
this was the spot of all spots to locate,
were hunting for a suitable place in
which to locate; and as much as $75 per
month was offered for a corner in two
or three prominent business places on
Main Street.
the local real estate men continue
to carry on their operations as far as
possible under a cloak of the strictest
secrecy. They are right in thinking
that if even 1.-THE of the operations
now going forward should become
noised about. property holders would
advance their figures to such rate that
the boom might become effectually
squelched. They therefore carry on
their business on the principle of not
letting the left hand know what the
right is about, and the reporter VINO
applies TO any of them for information
is invariably received with the most
unsatisfactory or eva,ive answers. None
of them, however, are known who are
not up to their neckS in work and
who do not take
THE MOST RoSEATE VIEWS
of the future.
People who are accustomed to live q
great part of their lives on the streets,
cannot help being struck nowadays With
| the great number Of strange faces en-
countered on every hand. No one is bet
| ter able to note this fact thanthe reporter
of newspaper, whose duty keeps him
| about all parts of The town for the
greater part of the GaJ. and he may
| b. said to have at least passing &C
quaintance with every face tn be en-
co uttered on the cur D stone. Even the re-
| porter of late, however, is forced to
| admit that Salt Lake is rapidly grow
ing somewhat beyond him. Strangers
\ can be encountered not only on the
| business thoroughfares of the town. but
| buggies and carriages containing them
| can be met with at all hours of the day
| fivlng about in the suburbs where there
is any chance o. securing acrea &c prop
| -rty. The great bulk OF these strangers
| are
| REAL ESTATE SPECTATORS.
They belong to class that the history
Of all other boons tells US is always the
advance guard of the great boom itself
they are not rich, but neither are they
oy any means poor. They have from
81 .O0J to possibly $4,000 cash in thelI
possession; and they have come from
! EASTERN or western towDs where the
| DOOM has reached its height and where
| their shreWdness has told them the
| next move will be one of retrOgression
| Their shrewdness has also told them il
was time TO be seeking for pastures
new; SO pulling up their stakes, they
| have cast theiI eyes over the horizon
| and migrated 20 the next most likely
place to be the seat of new boom. The
| liberal advertising Salt Lake has re-
| ceiYed during the past eight months
| has directed their attention this way,
and coming here to look about, their
| quick eyes have detected the unfaiIing
I signs o. the coming rush of prosperity
| and they have remained to take all the
advantage of it possible. They are the
class now SO buslly engaged IN buying
| up everything in the shape of real
estate, from sage brush patch Oh the
north Ut the graveyard 10 swamp OF
reeds on the other side of the Jordan.
They are buying for speculation only
and making no bones about it. When
the real boom comes, they will divide
their tracts up into lots of % feet 'front.'
age, realize an enormous profit and then
sell out and be on the lookout for the
next chance. They are easily told, this
nomadic class of spectators. They
| oriStle with business from top to toe
''experience' is written in every Inca
| msnt of their countenanceS they al e
| young men mostly. and they spend
money generously-it all helps to give
an air of prosperity and attract other
outsiders; the theatre always gathers
them in, and they lead gay life gener
ally, though they are not by any means
! tough s" or hard citizens;" their bus
| mess demands that they have their wit,
too much about them to indulge in dis
sipation, and whatever else they do, they
| are looking out for the main chance.
During the two weeks past
THE FEVER OF SPECULATION
has continued to spread over the Dry
Bench, and if the people of that much
liberated section only knew the high
esteem in which their hitherto despised
| region is held by Spectators. they
would open wide their eyes in amaze
ment. A reliable real estate dealer,
who would not allow himself to be
quoted, however. said to reporter yes.
terday that great proportion Of the
sage-brush country above the Dry
Bench extending from the graveyard to
| the bluff which overhangs CITY creek