The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-09-13
ON THE VERGE OF
BUSINESS BOOM
5Salt Lake Merchants and Real
Estate Men Optimistic.
REASONS FOR IMPROVEMENT
RECENT DEVELOPMENTS GIVE A
GREAT STIMULUS.
"Things are looking better

Things are looking better"
This is the general opinion. colo
4ulauy expressed, OF merchants ana
business men generally. Heretofore
lhe ordinary mercantile trade has been
normal, while real estate and STOCKS
nave oeen dragging. Now the outlook
IS so bright tina, many are predicting
even q boom.
An active movement i'm real estate is
peneVed by most close observers to be
az hand. ne greatest wonder to .lost
real estate men is that &c has not come
DeIore Everybody has seemed TO be
waiting for something to start the
movement. and as the activity has been
delayed many men have come to be-
ueNe they are safe i'm delaying pur-
chases. thinking they can get the prop
elly Tor the same price a little later.
ne prOcrastiuatOrs are likely to be
disappointed, however, as developments
in the real estate market are coming
faster.
improvements in Prospect.
Within the last two weeks prospect
I've improvements have been announced
amounting 20 over IS, zoe. 900. affecting
the permanent growth Of every part OF
the city. First came the announce
ment that the government had apprO-
Priated Sl,l40000 for improvements at
sort Douglas, charging the post so
that the cost of maintenance will be
approximately 100000 a year. This
had an effect on residence property in
the eastern part Of the city, the value
Of which viii be enhanced by the park
ng and boulevarding Of the fort
grounds.
Last week came FIRST the announce
1nent that the Oregon Short Line would
spend $1,000 900 on a passenger station,
4 new shops and yards as soon as a fran
chise was granted by the council. This
, application is now pending. The ex-
pectation is that IL will be promptly
granted. AS soon as il is. work viii
begin on the improvements planned.
As the new and enlarged shops. EN-
pl0ying a large number of men. are 10
be in North Salt Lake, there has been
a demand for property in that direc-
ton. and 1t is expected that some live
~ business viii be done soon.
Homes Must Be Provided.
On top Of all this the Rio Grande
Western announced that it. too, would
spend S75s 900 to S1000000 for a new
passenger station, shops and yards
provided the council would grant the
necessary franchises These improve
ments will extend TO the southern city
limits, affecting all the southwestern
part of the city When the new shops
are built and the other changes made.
homes must be provided for some 9oo
between $4,000 and $4,000 or $4S0,OOO
% $500 600 a year.
These railroad plans have aroused
interest in speculative warehouse ana
other similar property. and there IS al
ready an outside demand for this class
of real estate.
Some important improvements in the
down town business district are under
contemplation. There is "A great short
age Of Office room, with the prospect
her
Lhan diminish. even If some Of the inn
portant building operations under CON
liberation are carried out.
Looking For Sites.
In addition TO this. at least two OF the
leading wholesale houses are looking
for sites on which to build, so as 10
enlarge their facilities. They are pre-
pairing for greatly increased business,
especially after the new railroads are
IT, operat ton. Among the building per
7lits issued during the week was one TO
D.. u. Miller for a $4,000 apartment
hCuse at IS West North Temple street.
Construction work on the Salt Lake
route is already under way. and the
effect is being felt in the various chan
neIs OF business, and consequently on
real estate The present outlook IS
that the Western Pacific viii be the
next TO begin construction work at this
end. The survey is farther along than
A is that OF ID. H. NOffats Denver.
Northwestern g. Pacific, and the in
81 ktructiOns are TO push the construction
US rapidly as possible II is believed
4 20 be "a matter of only Few months
y before active work in grading and
traCkIaytug is under way from salt
lake. MOfat is pushing along from
Che other end and is promising 10 be
gin at this end soon. but possible
difficulty i'm getting rates on material
might make IL necessary to work en-
tirelv from the other end.
later development i'm prospect Is
the cheapeniug OF fuel and the build
ing up Of manufactures especially or
iron. This is expected TO be a direct
result Of the building Of the Salt Lake
Lead TO Great Growth.
All these factors. looking 20 a great
growth in Salt Lake. are attracting the
attention OF outsiders. Men who have
been conspicuous i'm the advertising
and booming of Denver, Seattle and
Los Angeles are said 20 be making
~ r1iet prepare tions to secure foot
hold here before a boom starts, and &,
large proportion Of the recent transfers
are said to have been for outside puT-
Chasers.
A similar optimistic tone prevails i'm
mercantile lines The mines are i'm
better condition than ever In Sanpete
county and other localities there has
been the best crop Of wheat IN years.
THE sugar beet output viii eclipse all
records. and returns will soon begin 10
come i'm on this. The cool weather is
stimulating retail trade. soObers have
been doing "a fair business in practical
81 all lines The regular fan orders
have been pretty well filed, and those
Ehich are coming IN now are mostly
Il a sorting variety. These are coming
in plentifully. and if the expectations
nre fulfilled they win be unusually
heavy later Money is i'm good supply
and I'm fair demand.
Local Commercial Stocks.
The market i'm local commercial
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