The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-01

Increase. Eol7.9e6.13.
Real Estate Active.
Although IL cannot be said that The
past SIX DAYS have rounded ont tho
month S real estate business with a
list Of transfers commensurate With
The sales made during the earlier
weeks Of the month. an excellent bust
ness was done when compared with
the same period of former years.
No big transfers Of business proper
ties were announced. and written in
quirics from out of town did not ar
rive in such numbers IS during the
preceding week. Many prospec tive
nonresident BUYERS are on the market,
however and the local real estate men
are banking on a good, steady demand
Tor all kinds of property rs soon
spring business begins. Most OF the
realty sales during tbe week were in
moderate priced residences and resi-
dence sites.
The most significant and momentous
move that has ever been made in the
erection OF improvements IN Salt Lake
WAS emphasized last Friday, when
work was begun on the excavation for
the Boston building, the first structure
Of the Ncwhouse group. Since Mr..
Newhousc announced his intention 10
erect number Of buildings that will
be a credit 10 the city and the State
The public has naturally awaited the
beginning Of actual work with no little
interest. and now all OF tins has hceu
set aside by the beginning of the work
Of construction The fact that the
which occupy the sites of the proposed
buildings was let on the day fol
lowing the arrival Of the superin-
tendent Of the building company. to-
cether with the letting of the contract
for excavating on the second dav after
his arrival. shows that the buildings
are to be rushed TO completion.
Doubtless when the work on the build
ings is we'll under way and the public
notices the real significance Of the
undertaking, this will give an addi-
tional impetus 10 the already heavy
real estate buying.
Work Being Pushed.
Work on the foundation Of the Rail
road Exchange Is now well advanced
and within the next day or two the
entire excavation will have been com
pleted. The workmen on the Ufah
Savings G. Trust company's concrete
building arc making rapid progress.
and the contractors on numerous other
business structures, many of which arc
being remodeled, are taking ad
vantage Of the pleasant weather to do
outdoor work The work on the resi-.
Gence structures In all sections of the
city is also progressing satisfactorily
and is good indication of what is
10 follow when the real spring build
ing season begins. One of the best
evidences of the approach of An un-
precedented building era is the report
of G., W. Gamble, city building in.
spector- In March permits for the
construction of more than half a mil
lion dollars worth of buildings were
granted The report for the month
shows an increase in building of nearly
500 per cent, as compared with the
statistics of March, 1906. The esti-
mated value of the sixty-nine build.
lngs for which permits were issued
last month is $604,300. Forty-6ye per
mits were granted during the CORE
spending month OF last year, and the
value Of the structures was repre-
seuted to be sl45 900.
Labor Outlook Excellent.
The labor outlook is better now than
IL has been for many weeks. Laborers
are coming in from all parts of the
country and most of these are men who
intend TO become permanent citizens.
Along with tho lnborers are some of
the ablest business and professional
men Of the East, Last week the ad-
vance guard Of eastern building con
tractors arrived and these are now look
ing over the ground, some of them with
the intention Of remaining here. This
calls attention TO the fact that the news
of Salt Lakes prosperity is reaching
the East and is bringing to this city
not only those who have money to in
vest in property, but men Of all pro.