The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-29
BUSINESS OUTLOOK
WAS NEVER BETTER
Rehabilitation of Salt Lake
Route and Western Pacific
Opening AuspiCiouS.
HOME SITE BOOM IS HERE
NEARLY EVERYBODY INVEST
ING IN PROMISING REALTY.

Els the city on the eve OF a boom 7"
! is the question that is now being asked
by many business men. This does not
mean that there is any fear OF an In
| flation that will be followed by a dis
| aStrouS slump, but II has been sug-
| opening of the Salt Lake Route and at
a little later period. the Western Pa
cific railroad, viii be followed by .
| tremendous influx of business
| A prominent business man recently,
/ in speaking OF the conditions here az
/ the present time. characterized them
| lions which had been expected after q
| quiet winter. THE winter was long,
| he said, and It win take little time
| for conditions to recover properly.
When this is accomplished, the impetus
| gained by the movement Of the spring
/ months should carry business forward
at a tremendous rate.
For the past two or three months,
people have been spending little and
saving their earnings. One explana-
/ ton of the present somewhat tight
money market is the fact that people
are saving partly to make good what
ever of loss they suffered during the
hard winter and partly because they
have purchased building lots in the ad-
ditions- It has been said that so many
people have been putting their earn
ings into this sort of property that they
are unable TO pay the butcher, the
grocer and the candlestick maker, buS
y
true.
Little Outside Money.
THE fact that IN the face of the hard
winter and washouts on two railroads,
which means so much to the business
of the city, there has not been the
slightest slump, shows well enough the
solid foundation on which business con-
ditions here rest.
sit is true, however, that we have
been living on ourselves. There has not
been any great influx of outside moneS
for several months. When this occurs
there is likely to be rush OF business
Of all kinds that will place every one
on edge to take care Of it. BY this
do not mean that there will be any
sudden increase in prices of realty.
do not think that there will be any
initiation But people have been hold
ing off There has been a Slight feel
ing Of stringency, and people with S1O.-
600 or $4,000 for investment have kept
it in the bank against possible emer-
gency-
'aThis very thing has injured bust
ness, of course. and caused additional
stringency in the money market Just
as soon as these people begin to loosen
up there IS likely to be something do
ing. At the present time there is am
pie evidence of confidence IN the city.
1t has been pointed out that the cree
ton of the huge NeWhouse and Utah
hotels, the big Kearns building. the re-
cent completion OF the Semloh hotel
and other new buildings. preparations
for improving the Kenyon hotel. and
for the construction Of big warehouses
and other buildings are all indicat tive of
confidence of rnoneyed men that there
will be unusually prosperous conditions
here in the near future.
These men must feel the market
more strongly than the smaller ones,
and the fact that these people are GO
ing ahead and spending large sums of
money in order to improve their prop
erty must mean that there is going to
be splendid business conditions soon.
There has been an appreciable gain
in the realty business during the past
few weeks where there was a slight
falling off following the rush which
took place earlier in the season. Bust
ness men generally report that they ara
running ahead OF their sales for last
year. Under these circumstances, the
reported lethargy in some lines must
mean that for the present trade is set
ting in other directions and that theirs
will be a rush to the other extreme
would seem to be the reasonable thing
to expect
Accordingly there appears to be
every evidence that within few
months business affairs will begin to
move forward with tremendous i'm ;
petus- I place the date shortly after
July L 1t has been stated that the salt !
Lake Route will begin to run trains
through to Los Angeles by June Is.
By July l, therefore. affairs should be
moving smoothly There will be the
supplies of money will be brought into
the city. In short, conditions, which
have been held slightly in check for a
few months, although there has been I
only a Slight check. will gain additional I
impetus from that very fact.
'HThe very fact that there has been
no real depression in the face of cir
cumStances which would normally have 1
produced decidedly quiet conditions in
dicates that there IS a tremendous i'm /
petus behind the situation here, and I
just as soon as an outlet occurs there
should be rush. I look for the finest
conditions here this summer that have
ever prevailed. Everything points to
1t, there is a general feeling OF pros
perity among business men. and the
manner in which they are going ahead j
preparing to carry on the biggest 4
preparing to carry on the biggest. cam
paIgn ever undertaken IN the state
just after having finished q big
booster excursion shows, II anything,
that they are alive and all ready. will
ing and waiting for something to set
things going. There may be no boom
in the strict sense, but I think there
viii be a tremendous movement in bust
ness lines within a few weeks and that
the profits in business at the end OF
the year will compare favorRbly with
those of preceding years"