The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-20
BUSINESS AND TRADE.

The season starts off we'll with Salt
Lake IN the matter Of continued great
building operations, with a record of an
increase of l15 per cent gain in build.
ing values in this city for the first
TWO months this year, as compared with
the first two months last year. This
city again leads all the cities of the
United States. These are the figures
given in the American Contractor of
March 18th, and our own figures, To-
cally, fully bear them out,
We have noted heretofore. week by
week, the surprising activity of build
ing operations in Salt Lake. The most
conspicuous construction in evidence
above ground are the two new hotels.
| the Newhouse at the corner of Main
and Fourth South, and the Utah at the
corner Of South Temple and Main. The
steel structural work of both of these
fine buildings looms up strong and high.
The Tribune last Sunday gave photo
graphic views of these structures In the
state of advancement in which they
then were, but noteworthy change is
seen IN the week Just past. Next in
Importance is the putting in of the
basement work for the big ten-story
business Kcarns block, on the west side
of Main street between First and Sec
oDd South. This work is being pushed
with all practical speed and energy,
and presently the steel work of this
big building will also begin to loom
up, as the contract for speed is one that
| eXcels all records here
Other building throughout the city
is also on a very extensive scale; bust.
ness blocks are being put up in various
parts Of the business district. The Felt
building north of the Boston block. and
the Mcintyre, Just north and adjoining
| Mccormick 8 Bank, are nearing COM
pletion, both fine. large business struc-
lures.
The building in residence construc-
tion far excels all others combined. in
| number; these residence constructions
take all forms, from the apartment
house, the flat, the mansion, to the
row and the cottage. Bungalows are
a favorite form of construction, and
have been for the past two years in
this city. The fact that all of these
dwellings arc Immediately occupied up
on completion proves the rapid and
permanent growth of the city
The real estate market keeps up its
strength and activity, all realizing the
advantages of owning Salt Lake real
estate. The future of this city being
so we'll assured, and so many astonish-
ing fortunes having been made in buy
ing real estate, that this has become
favorite form of investment; the buy
er realizing that he cannot lose be.
cause the city is bound to become the
great metropolis of the whole noun
| tain region, and the seller, realizing the
same thing, parts with his holdings with
reluctance This makes good strong
market; and as prices of real estate are
moderate here compared with cities Of
the Importance of Salt Lake, there is
always something doing.
The general business Of the city is
very strong and active; the practical
gauge of it is the reports of the bank
clearances, which show a gain of 142
per cent for the past week as com
pared with the corresponding week of
last year; n substantial gain indicat
| ing n good state of prosperity. Trade
is active and strong, with greater
demand than eyer before: the new