Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-12-15

would hold rents mp TO the present
standard were they constructed today
Rents In fact would stIffen as a result
of influx of mechanics and laborers
necessary 10 do this Work-as good la
Dor Is scarce today. The city needs
brIcklaycrs stOnemasons carpenters
ctcY al good wages and clght-hour
days During the past year. rents have
advanced from no 10 80 per cent. with
an average Of about 20 per cent. and
now at the end of the year very foW
houses are building for rental pur-
poses and the writer's opinion is that
not nifty houses have been put up for
that purpose this year Many have
been put up, as win be observed by rec
terrIng 90 q separate article iu this
paper on building but they were sold
or used for homes. There are nilllons
OF dollars In the east 81 capitalists only
kne" those facts 20 be true, they
would invest here at once as they are
now only receiving 10 4 per cent on
their capital
There has been but little if any purely
speculative intent ON the part OF buy
crs during the past year. almost with
out exception buyers wanted homes
and 10 has been remarkable how many
paid cash for them. Where q balance
was left unpaid In 'gS and 800 IL was
generally az per cent 1900 interest on
deferred payments has been universally
Z per cent Money can De borrowed as
low as 6 per cent, owing 90 eastern
capitalists sending large amounts here
20 agents for that purpose N some of
this could be diverted 20 building, II
would be more profitable for an con-
cerncd. as well as improving the city.
SOME BEAUTIFUL HOMES.
South Temple street has set q new
standard Of architectural magulnceuce
In the mansions OF Hon, Thomas
kegrus David Keith and Thomas Weir
such houses are a credit 20 our city and
90 their owners Hurrah for such men,
They took their wealth from Utah's
mountains and they show their conf
dence 10 our young metropolis by build
ing monuments I'm the shape OF homes
ana charitable institutions that Willliye
and perpetuate their names In this, the
most beautifully situated city In Ameri-
ca, for all time TO come
The Hon. A. W. McCune has nearly
completed a mansion on Capitol Hill,
THE Bungalow" that win be a source
Of pride to every Salt Laker for years
and here is a case where outside capt.
tai came IN and located. salt Lakes
charms are irresistible. She will con-
tinue to draw wealth from 500 miles In
every direction. Why? Because It's
the Mormon Rome The capitol Of
Utah The largest city and metropolis
and wholesale supply point Of a dis
trlct embracing 100000 square miles or
more of rich diversified stock grazing
mining and agricultural country dotted
with numerous small and prosperous
towns. And our gates are always open
During the past year many people Of
means have located here They must
have hOmes-naturally most OF them
prefer living here a year to learn where
they want 90 build before purchasing
sites-some Of them have actually not
been able 20 find satisfactory places 20
rent and are boarding at hotels against
their desires. We recently sold q fine
South Temple street residence site 20 a
gentleman from wyoming living under
these conditions. Another gentleman
from Michigan with his family spent a
month at a hotel before he could find a
suitable place TO rent
REALTY SALES DOUBLED.
A conservative estimate Of the sales
OF real estate In the city for 1900 places
them at more than double those for
1899 IL Is difficult 10 get az the facts
as many considerations were placed in
the deeds al 81 and other low figures to
avoid the revenue tax. Many sales in
volving In the aggregate hundreds Of
thousands OF dollars we're by land con-
tract and were never recorded, then
again the published records include
mining sales So the published records
are not authoritative The estimate
above IS from personal interviews with
other Offices and our opinion Is that