The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-05
DEALS IN REALTY
SHOW PROSPERITY
Demand for Business and
Home Property Keeps Up
Steadily.
SALES ARE MADE EASILY
DAILY TRANSACTIONS GIVE GOOD
GUARANTY OF GROWTH,

Although the past week in the real
estate market suffers in comparison
with the two weeks preceding it, yet it
ranks far ahead of what has been the
average, and enough big deals were con-
summated to stimulate interest. There
Is q strong undertone and a general
broadening Of demand for properties Of
all kinds.
In the light Of recent deals that in
volve huge fortunes, the movement Of
the week does not seem to be unusual,
but one has only to point to the start
ing of a new theatre to cost a quarter
of a million; the plans for the erection
Of a new business house for the Sweet
Candy company; the healthy advance
in sales Of smaller moment, and a gem
eral trend toward outlying properties
where there has been quickening in
terest.
In these days realty values are never
at a standstill. Property is increasing
in wealth as the days speed on, and the
wonderful strides made in the down
town district have had their effect on
the residence districts. The zone of
apartment houses has been Widened,
and the sphere Of costly homes has
been stretched to a greater radius.
Good Property In Demand.
Investments include not alone busi-
ness property, although it is true that
the chief movement has been In down
town realty in the newly-created bust
ness district Yet there is brisk de-
mand for good property in the suburbs,
and big operations in suburban division
tracts are looked for before spring. Al
ready one big deal has been consum-
mated, and others will follow.
In the real estate transfers reported
during the week it is shown that the
sales Of residence property have been
very numerous, and the evidence Of &C
tfvity IN this branch of the trade is a
strong indication. During the summer
months there were low rumblings Of big
operations in real estate. and the trans
actions of the past two weeks indicate
clearly that the extensive movement
predicted is under a full head Of steam
right now, with real estate men and
fnanciers stocking the fires in the boilers
Of investment.
At first the big operations attracted
attention to certain districts, but it is
now spreading into all forms Of prop
erty and into many different localities.
One OF Salt Lakes leading brokers,
who has had much to do with the con-
summation Of big deals, but who is
rarely mentioned in connection with
them, takes this view:
Foundation for the new movement
has been formed from several basic
conditions which have matured coinci-
dentally. They are solidifying stimuli
taneOusly. Such conditions include the
great business prosperity reflected in
the development OF the resources Of the /
west, the expanding business needs, the
new demands created during nearly two
years Of inaction, rest and recuperation
following the financial furry Of 1907.
IF these factors are not enough to
start q strong real estate movement, !
plenty more are at hand. These bear
directly on local conditions, because /
Salt Lake Is the natural supply center
for a tremendous territory. But even
more significant fact remains, and
that Is that real estate IN all parts of
the country is feeling a new stimulus.
and that investors Of ell classes are
eager to place their money in it.
Seek Safe Investments.
81 think the hazard In some other
classes OF investments has turned the
public eye to the real estate market,
where good securities can always be
found. The test came two years ago
when we had clearing house certificates.
Real estate held its values like sound
rock, while other forms of securities
orumbled. Thousands Of persons watch