The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-08-09

Fast returning prosperity is shown
i in the character of some of the build
ings now under way in Salt Lake, nota-
bly, warehouses. A number of concerns
have found their present warehouses
too small for their increasing business.
| Not being able to rent or buy suitable
| buildings to house the overflow from
their present structures, they have
been compelled to build. The Salt Lake
Hardware company is now engaged
upon the largest warehouse west of
Chicago, and other leading concerns
have commenced similar buildings or
have purchased sites for the purpose.
The Utah Mining Machinery & Supply
company, while declaring dividend of
$4,000, has purchased a valuable piece
of real estate in West Temple street
upon which 1t will build large ware
| house.
These reports, from time to time, in
the opinion of business men. are con-
vincing Indications of the returning
wave of activity in this section of the
country.
The other large structures under con-
struction, Office blocks. theatres, stores,
indicate that residents of Salt Lake
have confidence in the future of the
| city and have the money to back that
rellel III the Tdplu STOWln mere, IL is
said. but the putting up-of warehouses
is the result of the actual need of more
space in which to handle increasing
business, and tells of fiourishing con-
ditions.
L The week in real estate and building
circles was brisk. One of the large deals
reported was the purchase of Sixth
East street property, across from the
new car barns of the Utah Light &
Railway company, upon which fifty-six
houses for the accommodation of the
street railway employees will be built
at cost of more than s150,000. Plans
for the buildings have been prepared.
Numerous sales of dwellings and
home sites in the residential districts
were reported. and arrangements were
made for the building of many new
homes. Among the new residences will
be three in Federal Heights, which will
each represent an investment of $40. 900.
Another indication of the flourishing
condition of Salt Lake is the eagerness
with which costly improvements are
undertaken by. property owners@im-
provements which do not promise the
quick returns which will come to the
apartment house builders and others
who are putting up structures Of vari-
Gus kinds. Steps are being taken to
have Third South street paved from
State street east to Tenth East street
1t is probable that the city council will
be petitioned on Monday night to order
the street paved.
This will be a big undertaking, and
will cost property owners large sums
of money. but. when the petition asking
that the street be paved was circulated,
only one property owner. a woman, re-
fused to sign it. The refusal was made
because the property owner objected to
the parking of the street from Third
East to Tenth East streets She wanted
the street paved with asphaltum from
curb to curb. AS this would entail a
greater cost than the parking project.
II was clear that this property owner
did not object to the paving on the
score of expense.
During the week the masons en-
plOyed on the -Newhouse building COM
pleted the outer stone wall, almost to
the ninth floor. which leaves two stories