The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-18

The walkers purchased the propeIls
from the West III investment O es5- 40
company for figure SAID 10 DC $500
The latter company had receliei5 al e,ltS
the property from the NeWhoU90 4'N1-''
company for S209OJV. er,,,+s, 90
Tne Bambarg1r corner has q ItoItasc
on Main street Of 90 Ieeti win . ~ -
of 165 feet. Warranty deeds loL 80
propertv were filed yesterday Win W
county clerk. The first deed was rom ~
Simon Bambsrger ana vile ana Jaw -. = .
Bamberger and wife 10 Sanlq6l rev
hol1se for Sf5GOQ1. The second deed con-
veys the property from the Ne%Il .-l.'.
Realty company to the Western 1hNGsl-
ment & Trust company for S20o,0O0. me
third deed conveys the properly 10 D. r.
Charles A. and George r. Walker iof elV
and other good and valuable consul =
tiun. While no definite annc1nce nlSill -
made of what the "OtheT good anu Ndl-
liable consideration" is. II IS unaeIsIV(E 51
that the Walkers paid $225,tJ0 Tor the
property.
another Main Street Sale.
The second sale made yesterday was
that of go feet frontage on Main street
between Fourth and Fifth SouIh stfeFls'
ana iust rs feet south of the south cor
ner of the Newhouse hotel property .oy
T. r. and Charles A. Walker 70 the
Western investment x Trust company,
for aDDrovinataly $4,000. No definite
figures are given or this purchase anU
the amount. 1T Is said, may exceed S90.YJJ
by several thousand dollars. rms pgt
chase, it is said. was mace LOT i,e
tive purposes only Property in tHls ilu-
mediate locality IS said to be worm from
81. 200 to 81, 400 front foot
Occupying the BambergeT corner az }he
present time lis "a row of unslghtly one
story buildings Tenants who viii soon
he compeIied TO move prior TO the work
of razing for the large Walker structure
are the DOIii Drug company, ChIlstiah-
sen CIGAR company, the Colonial JeWelfy
company and the Boehmer Tailoring
When samuel Newhouse invaded that
section of Main street just across from
the Dost0ffice and purchased ground on
which the NeWhOuse skyserapefs no"
stand he also purchased the BambeI ger
corner. paying for 1t $4,000. Within that
time property in that neighborhood mas
increased ia value to such an extent That
he hNs been able to realize $1,000 on the
IN purchasing the property from the
NewhOuse Realty company the western
Investment & Trust company paid Tor u
500. 000 and then within a few days sold
it to the Walkers for a profit said TO
be $4,000.
Great Activity Here.
The sales Of yesterday are illustrative
of the great activity i'm Salt Lake rea
estate at the present time and are es-
! pecially illustrative Of renewed inter
| est in property in the immediate vicinity
I of the skyscrapers. With the erection 10y
/ the Walkers of a magnificent business
structure on the corner purchased by
/ them property in that section viii be en-
HANGED in value and the general appear
ance Of that part Of Main street will be
/ greatly improved
The Western Investment & Trust COM
iuany, the firm which purchased the BAN
/ berger corner from the NeWhOuse Realty
company and then sold it to the Walkers
/ has been recently organized for the pur-
pose of dealing in real estate. 1t is com
posed of local capitalists who are in
/ vesting their money in Salt Lake prop
erty with a view to speculation.