Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-04-10
Sky. High Prices About the Angel
City Cause Many Inquiries
To be Made.
DESIRE TO WORK UP A BOOM.
Colonel Clayton Comes Home After
Long Absence aud Gives Interest.
ing Talk on Los Angeles.

Colonel and Mrs. n. w Clayton and
children have returned home from
southern California where the colonel
has been spending the winter regain
ing his health In talk today, with a
News reporter the colonel stated that
he was now entirely wen and amply
able to attend to all the business de-
mands that may be made upon him
lie was much Interested In the progress
Of the boom that has been exciting PEG.
pie in southern California an winter,
and thinks 1t has about reached the
top notch. For 20 miles IN an dlrec-
tons from Los Angeles the country has
been plated and divided up INTO build
ing lots, and even along the beaches
lots are selling at $3.50 per front foot,
one half mile from the business CEN
ter of Los Angeles, land was selling nc
$4,000 per front foot In one locality,
property that two years ago sold for
$4,000 recently sold for $4,000 and real
estate dealers were urging people to
lhN'Hl 40 NH'S Abhid Nhl ~ iullu-
some profit in short time. In fact not
"a few eastern winter visitors had in
vested with the result that they were
able to pay all Of the seasons eX-
penses in single deal
Colonel Clayton says he firmly be-
lieves that top notch prices were 70
nearly reached when he came away
that he doubted It's holding out much
longer, and when the break comes II
viii come with crash, and the hold
ers OF property will find II hanging
heavy on their hands for good long
while. Land Is 50 high that farmers
or fruit growers can not AFFORD to cul-
tiyate II Tor some distance from
Los Angeles, and 1t is there
lying idle and improved. The
real estate dealers are realizing that
there IL limit to their operations I'm
southern California, ana are beginning
to turn then eyes TO salt Lake, The
winter season is over, and the golden
state Is EAST being cnpiied Of eastern
visitors, which Is contempOHneOus with
a rapid failing of In real estate deal
ings and sueculations. Eastern in
vestors who have been blowing I'M
their money all winter I'm southern cal
lfOrnia lands are now wiring their
agents 10 unload,and this process means
a decline I'm prices Consequently, the
time may not be far distant when the
bubble will burst, ana Casey stand
from under"
Colonel Clayton heard numerous in
quries from real estate dealers about
salt Lake. In fact, so much SO as to
convince him that many realty men
propose pulling up stakes, as soon as
business becomes slack, and migrating
10 Salt Lake, with the intention Of re-
peatlng the 1890 boom at this point. The
possibilities Of this city are regarded as
unusually promising In fact, Just the
place to attract people and investors
generally,
Miss Sybella clayton, daughter Of the
colonel, left this morning for Detroit,
Mich, where she will take course OF
post graduate study under Jonas, until
June, Then she will return home for
the summer, with the intention Of taxi
ing another course Of study during the
fall, and then going to Europe TO COM
plete her musical education.