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

: The largest deposits of iron ore in tn
? world are in Utah, but hitherto they hav
not been worked for lack of railroad ia
clnlles Their development is not far dis
Iant. Great coal deposits lie not far from
SAT- Lake. The coal shortage last winter
Que to the great increase in population il
TINS region, became of national repute
New coal companies are entering The
field, and the development there is as
nit
In agriculture, the government and pri-
Vate irrigation projects are bringing
country Of even greater Importance
however, is the development of dry
| farming The science of raising grain
and other products on arid soil is making
| rapid progress around Salt Lake City. and
IN few years much of the so-called "des-
! ert land will be rivalling the Dakotas
and other wheat-producing areas
Recent establishments of railroad rates
| nave been favorable to Salt Lake City,
/ giving great impetus to jobbing and man
ufacturing
These are only few of the reasons why
the real estate market is in such a healthy
/ condition.
OF all the western cities. Salt Lake is
/ held up best in finances and real estate
san Francisco is still staggering under a
| terrible blow. Los Angeles is undergoing
reaction from its sudden boom. The same
IS true of Seattle and several other west
ern cities. During all the time of finan-
cal tightening throughout the world, Salt
Lake CITY IS going steadily forward. Its
CROWN Tor years has been steady and
based on natural conditions Consequent
~ fictitious values have not been created
by wild speculation.
All over the city building is in progress.
and yet the city is overcrowded. New
houses are rented or purchased before
completion. People are coming into the
city from outside daily for the purpose of
making Salt Lake their residence. In
every quarter of the city are marks of
progress.
The most important single building OPP
GRAFTON outside of the enterprises of the
railroads, is the undertaking of Samuel
NeWhouse. Mr.. Newhouse only a few
months ago spent q round million dollars
IN downtown real estate and announced
plans for the expenditure of over $780,
wv IN sky-scraperS and a hotel Work is
already in progress on two of the sky
Scrapers and the ground is being cleared
for the finest hotel in the west, to cost
SlS0O.COO Another new structure. close !
10 the Newhouse buildings is the Rail |
road Exchange building, steel sky !
scraper being erected by Mrs Mary Judge. /
The Utah Savings q Trust company's |
SeTen-Story steel concrete building is APP
preaching completion. A number of other |
buildings of lesser magnitude are in var
lous stages of construction. SO great is
the demand for store and office room that |
one OF the structures is already to a large |
extent rented.
1 mere never WIS q Time Wle0 salt Lake |
real estate offered such alluring oppor-
-unities for investment Values are found
ed on the rock, and nobody who buys with
reasonable discretion need fear a serious
shrinkage. on the other hand, the
growth Of the city is so absolutely certain
n view of the natural resources and the
tremendous development which is in prog
'ess, that there is no question as to a
general advance in real estate prices
There is not the kind of excitement of a
Wild stock market when fortunes are
made and lost in minutes, but there is the
teady. sure growth which makes the
property owner know that each month is
dded to the value of his holding. Con-
investments and loans are on
safe basis.
Coming to the city as place for resi- !
ence, no argument is needed with any /.
erson who has ever visited it. Situated
s it is in a smiling valley. surrounded by
ugged and wealth producing mountains, =
lose to the mysterious inland sea, with I
he climate unsurpassed, with all the edu- [
ational and religious advantages, it is
he city of real homes, and the city for
ne home lover.