The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-05-07
GREAT OUTLOOK
FOR PROPERTY
Real Estate Prices Are Firm and De
mand Is Strong.
ACTIVITY IN THE SUBURBS
CAUSES AT WORKTO ADVANCE
DIFFERENT SECTIONS.

The official opening of the salt Lake
route. the excursions that made up d
prominent part Of the opening and the
excitement attending the excursions
overshadOwed all other events in the
local business world for the past week.
Real estate in common with all other
Breaches Of business was showed to one
side to make way for sthe ceremonies
attending the union of the City of the
Saints with the City of the Angels.
For this reason the real estate deal
ers did not make as good d record as
was made in the previous week. This
was only Ill outward appearance how
over Under the surface there was
large amount of business transacted
and dealers report one of the best weeks
in many months. A number of large
deals were pushed forward and some
of them were closed all but filing the
papers. The information regarding
them is withheld from the public until
after all the formalities have been com
piled with. Some of these deals will
startle the knockers when they learn
of their ma gnitude and significance IN
side business that it was thought was
firmly moored for all time to come is
changing hands. Building projects, too.
that would have been looked upon as
chimerical d few months ago are now
considered we'll under way.
After Outside Property.
Another feature of the local real es-
tate situation that has attracted at
tention, especially in the week just
closed, is the number of suburban ad-
ditions that are being opened up, and
the activity in the sale of lots in these
additions. Not since the days of the
early 9O's, before the collapse of the
!. boom. has there been such a hustling
for what is considered good outside
property.
There are good reasons for this. The
activity west of the Jordan is attribUt-
ed to the Western Pacific project, as
well as to the work the general govern
ment is doing in the redemption of the
| arid lands. This work is taking two
| directions. One of these is a gigantic
| proposition to irrigate: the other is the
| plan to wash the alkaH from the soil
| by scientific watering and drainage
Artesian wells are likely TO be extern
| sively employed on part of this tract
reaching from the city limits to the
| lake. a territory that has been given
| up as lost by many otherwise Optimis-
| tic citizens.
! Investors from Butte are said to have
| invested extensively west of the river
Some of their purchases, too. have been
| on this side Of the river, but west of
| the railroad tracks 1t is held that in
! time this ground viii be valuable for
| warehouse and manufacturing pur-
! poses.
| North Salt Lake was given another
/ boost BY the location in that part of
| the city of the zinc plant good tract
| of ground between the Rio Grande and
| Short Line was purchased for this
/ plant. and 10 time is to be lost In get
| ting it in working order. 1t is now es-
! timated that $3.50. 900 will be invested in
/ this plant before the wheels are ready
/ to turn.
! Interest has been STIMULATED in real
1 estate in the southern part of the city
I BY the report that Walkers Bros. are to
! open up the fine block extending from
/ Main to West Temple and from Eighth
1 to Ninth South II is asserted that the
: contract has been let for the plating
I of this piece of ground. Cement walks
/ are to be put down and young trees
/ niantpd wherever needed This ground
! il comparatively close TO the business
! district
Climb the North Bench.
I Still another feature Of the real estate
| situation Is the demand for property OF
| the north bench Lots are said TO be NJ
| demand as high up as Thirteenth street
! OF course much of this activity Is
! based upon the assurance that uhdel
| the water scheme now before the city
! the Big Cottonwood water will b'
4 brought into the city high enough tC
! supply people I'm that part of the city
I This demand for property IN the out
| skirts in the city on different sides !:
| but an outward manifestation OF VIVA
is going on quietly for all eligible inside
property It is known that there IS
! widespread stilI-hunt on by outside IN
vestOrs for good inside property tina
is considered cheap enough to promis'
good returns Another class of proper
ty in big demand is inside property
that now pays a reasonable income OF
the investment.
1 Six Years Ago and Now
Six years ago investors would no
look at a piece of property of this kline
if il were not located on Main stree
between First and Third South Grad
! uaIIy the demand spread till First, sec
ond and Third South from West TEN
pie to Main and two blocks on stat