The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-02-11
BUSINESS GOOD
FOR FEBRUARY
Retail Trade Is Brisk and Activity
Is Apparent in Many
Lines.
REALTY ALONE Is SLACK
FIRMNESS is NOTICEABLE IN
STOCKS AND BONDS.

A review of the business situation for
the week ending yesterday noon shows
that in retail lines trade was brisk;
banking and business generally were
good; realty was slack; building opera
lions were fairly active but greatly re
tarded by unfavorable weather; de-
mand for labor is fair.
Depressing weather speaks vol
umes, according TO architects and build
ers. People show a disposition 10 shy
at commencement of houses during IN
settled weather periods. so far as real
~ is concerned one dealer cries the OLD
quotation, Buy in February ana June
sell the rest of the time, indicating
that the second and middle months OF
the year are generally regarded as poor
ones from the real estate dealers stand
point. Money is reported fairly easy,
collections good while bank clearlngS,
for the weeks ending Feb. 8 and noon
Yesterday show great gains over CORE
spending periods last year
Weekend features of unusual inter-
est were announcements that the home
hacking house is assured and the prom
Use of investigation Of the local field for
furniture manufac curing purposes. Both
these stories will be found elsewhere IN
detail.
All architects welcomed yesterdays
snow as indicating that the weather
would soon break and permit the push
ing forward of buildings. Some Of the
residences for which plans have already
been prepared are a $4,000 tWelve-rOOm
house for Louis Mccormick at SOuJh
Temple and NJ streets, by Ware & IRE
ganza; double house on Second South
street. between Fifth and Sixth East
streets. for W. c. Jennings, to cost $lO,-
600. by the same architects; building
for the Miuer-CahOOn Implement COM
pany at Murray to cost $4,000, by Frs
kline & Liljenberg-
Dull in Realty.
In the realty market there has been
nowhere near the activity of January
Regarding the local situation, A. KEN
ter said yesterday.
The trouble with the realty situation
in salt Lake City right now IS that
there is too much hot air aflOat. What
with reDOrted sales that haven't ma
terialized and price jumping on the part
of local property owners. outsiders are
being scared off. Men buy property one
wear and expect TO sell it the next at g
profit that would be fair for six or sew
en- years.
Mind YOU. I'm not attempting to say
what reasonable DrOtt may or may
NOT he. No one can do that What l do
wish TO emphasize IS the fact that I'M
a time ard then when it is transferred
again the seller expects a large gain.
This sort of thing is pushed too much
and will result in such class OF realty
reaching an absolute standstill
THE selling and Te-selling Of unim-
proved property over and over does not
build m a city. If those who were
buying would improve their own prop
erty. surrounding property would be
greatly benefited and would entitle the
owner to expect n fair profit from its
sale
Take East Third South street. The
realty in the vicinity of the new build
ings being erected by Gus Holmes and
p A SOrensen is. of course, of a much
greater market value than previously.
other cities have learned the lesson
that unimprOved property cannot be
held at such a high figure as to shut
out legitimate buyers who would make
improvements. Only under such con-
ditions can a city be built up, and Salt
Lake property owners must learn the
same lesson"