Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-08
The Newhouse and Other Pur-
chases Cause This
Condition.
TRADE CONTINUES ACTIVE.
>, ranking the Week Appears to Have
pecn without Special Features
steady Building Operations.

Trade conditions In this city during
.,o mast week have been pointing UNI
.,,s,akeaby in the direction Of Christ
&c and for the last two or three days
.ha n,rry in realty has lost measure
a. sensational force. In banking,
~ ,yeel1 appears to have been without
sreeial feature. Money Is only IN 1air
sIn,and locally, rates are practicaiiy
W. came and for commercial purposes
w situation Is quiet. The bank clear
Wv. ses nave been considerably In excess
men cloarings for the corresponding
'reek of the previous year. SO that the
on,iook with this fact as straw, an
,ndlcation. Is very encouraging.
The realty market has overshadoWed
r,. other feature Of the local busl-
~. 80 world for the week, with the
onouncement of further purchases by
49, Sewhouse and of quite string or
,n,chases by other parties as nat
Wal and Immediate consequence Inc
.n,sl M the transactions due TO Mr.,
Noobonses patriotic display OF comb
dSnce m salt Lake may be imagined
,rhen II Is stated that the dealings OF
ann firm alone since the announcement
" The Newhouse investments, UP TO the
rresent date have been Marty $SoV'oVo,
Ana the other dealers, both great ana
small have been flying around. busy
ss bees" with commissions rolling up
with snow ball-like Accommodations
DRIFT OF BUYING.
The drift OF the buying is south OF
Third south on Main and state streets
anywhere in fact between the Fedora
bullding and the city and county Duiid-
ing and Joel realty movement OF such
magnitude appears to have been start
Ell that there is hardly any telling
where It will stop, Telegraphic re-
ports have gone out over the country
and even 10 Europe, SO that an oifer OF
large amount of money was mace
from Paris for investment In TINS city
~ well as I'm Denver, II II was desired
But Mr. Newhouse, to whom the oner
was made. said there Is all the needed
capital at home and IT WIN not De
necessary to cross the Atlantic for
money A great rush has been made
for desirable corners, so that this kind
of nroperty has been picked UP for
some distance from the Federal build
ing east. south and west There have
also been many deals and buys OF 9TH
or south side, west side and east side
properties, both commercial and resi-
DENTAL and a prominent realty deal
en- claimed today, that within the next
80 days starting developments would
be made IN local real estate.
So there Is movement IN here OF
capital from the east and from the
west. and while at present most or
the transactions are purely speculative,
there is every indication of a substan-
tie growth of the city, such as 1t never
experienced before and that the good
times IN the building line, which have
fallen to the lot of other western cities,
have at last come to Salt Lake BY
another year. this town will have tall
Office buildings as we'll as Portland,
Seattle and other cities.
Real estate dealers report trouble
with property owners relative to fore
ing up prices, in many cases, TO pro-
hlbitve figures, and contrast this with
the attitude of Los Angeles owners who
are very conservative In this respect.
But the hope and expectation Is that
Salt Lake real estate owners viii re-
cover their equilibrium, and be more
disposed to listen to reason. This is
certainly proving the banner month OF
the year in real estate transactions,
and Salt Lake realty men are a happy
lot.
BUILDING OPERATIONS.
The season has passed for steady
building operations, and the brick maxi
ers are generally pulling UP on their
back orders, so that they are confident
ofopening the spring with enough brick
on hand to fill any demand that may be
made upon them They say the pros
poet OF sky scrapers In the spring will
not affect them particularly as these
large buildings will be made. Of steel,
ltone, terra Gotta ana concrete, for the