The Intermountain Catholic. (Salt Lake City [Utah] ;) 1899-1920, 1907-07-13
Real Estate in Salt Lake Civ

Neal estate markets are always in dan
ger OF going to one of two extremes
ei'her they become SO dead that there i,
4 ~ chance for a realization of profits q,
10y are influenced by such excitement
ig Sc SlIclltous values are created and there
Sre aIeef OF reaction and heavy losses
SAT- Lake City is fortunate anouob .,
Plesent to be in that almost ideal condi
oUH between the two, where there IS an
@CuVe market, and a raUjd hrr Go d., a..
crease Of values, based on Iegjtj,,,e - -
stoWth- This gives the specuIafor tbe
Investor and the lender safe opnort1,ni-
The reason for this is that Salt To,,o
SSLly Is undergoing a metanornl7oSis
commercial financial and Industrial ac-
oitllles are changing the character of the
10y dIld are bringing in new nonllIation
ihere are still political and refigione AZ
Lerences among the inhabitants but they
meet on common ground in advancenant
ne spirit OF Greater Salt Lake City,
III studying prospective real estate val
ues IN any city, an ANALYSIS of the re-
sources Of the tributary country is of
PiIIne Importance. In this respect. Salt
Lake City shines. 1t is the commercial
financial and industrial center ~ Trtajl'
southern Idaho, western Wyoming west
erh Colorado, and Nevada. and If has M
l Iisal nearer than Denver or San Fran
CIsSo; The mining development in Trtah
dhu Nevada and the agricultural develOn-
uleht IN Utah and southern Idaho have
oeen paramount factors in its present
future Lol Iile
Bingham, Park City. Ely. GoldfieId To-
hopah and the other mining camns of tl,is
aaeslon are doing more than anything else
Tor the upbuilding of Salt Lake CITY and
me Improvement Of the real estate mar
Aet Mining men, more and more who
nave been making profits in these camps. |
are Sailing away some of their v-eoit n |
IN Salt Lake City real estate confident
OF the citys future. Moreover the cit,, is |
a financial reservoir for all these camns |
the ore being smelted here, the settlements /
mace mere, and the money being turned |
mere into the channels of trade
Ihere is not space to begin To tell the
mining development which will contribute
70 the value of Salt Lake real estate
Bingham is at Salt Lakes side 5oor
Many millions of dollars are being snent
IN ore treatment works to make this camn
TlYal Butte in copper output. Another
irrespective rival of Butte, where more
millions are being spent with a certainty
u making an enormous copper OUTPUT is
Ely: This camp. too, is in Salt Lakes
territory. Park CITY the silver-lead on mn,
where Heinze and others are undertSking
great things, is almost a suburb of Salr
Lake. Tlnuc is only a short distance
away. The greatest smefter and the great
est ore-concentrating works In the world
are being erected by the Guggenheinos and
samuel Newhouse in a suburb of Salt
Lake. This is only a small. part of the
work now in progress.
The actual expenditures for work nov
IN progress in and around Salt Lake CITY
for mining development, ore treatment
works building operations and railroad
construction aggregate SI0000O0O {
The new railroad construction is an i'm
portant factor. The Western Pacific is
being built by Gould from Salt Lake to +
San FRANCISCO. The Denver. Northwest ;
ern d Pacific is under construction by D. c
II. Moffat from Denver to Salt Lake The
main line of the San Pedro. Los Angeles =
a Salt Lake has been completed by W. A :
Clark between Salt Lake and Los An :
geles' and now several branches are being
The Burlington and the q
northwestern are preparing to build to the {
,ity although construction work direct a
Tered J
The Oregon Short Line. Rio Grande n
Western and Western Pacific are SPEND q
ng over $3,OO0.O00 on new terminal facil- r
ties, including two fine new passenger @
tatgns. The principal shops of the West ii
I'm Pacific are to be in Salt Lake Q;
AS precursor of the future a large iron II
ounary has been established recently. Il