Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-02-05

all along the line aiter inc lc'In. >!
which followed the holidays ana Tue
week has been characteriHeo us ,,,h,nh
Der of deals. mostly speculative, Wnleh
have succeeded the winter duiinesS
which was taken advantage OF bN tne
street to get their ammunltion in'o
shane for what is expected TO pc Ine
greatest year In the real estate nis'oI!
OF the city. There Is not a nrnl on ti.e
street which is not fortified In every
wav Their records are brought up
To date and their holdings have Deen
supnlemcntcd to such an extent tnat
there Is hardly an Office in the Guy
which cannot supply to buyers every
thing from cheap SUBURBAN lot 10
n thousand -an-lnch property on Main
street.
From present indications the marked
suburban dealings will be In the north
and oast along the benches which
overlook the city. There Is TO pe
heavy campaign In the south and the
southeast but the trend OF investment
at the present time seems to be In the
other direction, OF course. peetaihihs III,
to residence property There Is to be
n tremendous amount of development
and exploitation in that district and
the activity seems at the present time
to take that direction for homes, inc
old time agencies are almost unit IN
developing this part OF the city SUD
urbs and many thousands of dollars
are to be spent in the spring in I'M
proving plats.
The great deals of the week, of course,
and those which led to discussion
more than any others, those which In
fluenced prices more than any other
one factor, were the announcements Oh
the two new theaters. All In all, II
xrt4
a realty standpoint, for the northern
part of the city, The decision OF the
Orpheum people to spend u quarter of
a million far north of the much-mooted
coming business center of the city has
caused O boost In prices In and nortn
of Second South street. The trend has
for several months been toward the
south, largely Influenced by heavy pur-
chases which seemed to have an object
behind.
At any rate. there has been Il steady,
although quiet, purchase of options In
the northern part OF the business sec
ton which has caused the street TO
sit up and take notice. The attempted
stampede of capital to the south has
been checked by farsighted investors
who cannot see but that many solid
Investments, not OF a forced character
led on by heavy buyings, false In many
respects, await capital to the north OF
Second South. One OF these In par
ticular was that OF Thursday. when
the Utah Investment company acquired
the property now occupied by the Vol
unteers of America. across from the
police station, on First South street
near State. for $4,000.
Friday a deal was closed by the real
estate firm of Little &c Little. by which
the property on South Main street, No.
172, occupied by the Richardson 6,
Adams company. was sold to William
o. Kay, of Ogden, for $4,000. This
brings the Salt Lake holdings of Mr..
Kay up to the nelghborhood of 100000.
The last property purchased by the
Ogden man Is for investment. 1t has
a frontage of 161s feet with depth of
log and Is one of the most desirable
business properties in the city.
1t marks step in the settling
up of the great Daft estate. which has
been in progress for a number of years.
Mr.. Kny Is one of the largest grain
dealers in the intermountain country
and Is president of the Utah Grain &
Elevator company.
All the firms on the street are getting
busy, Most OF their deals are tentative
and large amount of the capital
good sign. according to the men who
know. They say that there Is not
enough local capital to make things In
tercstlnG but that there are constant
inquiries from the financial centers In
regard to investment. Heber J. Grant
& Co. report q very lively inquiry fol-
suburban properties with the business
demands looming up strong.
with tho osnafbar boIlipo- do,,y,, tbe
steel structural work on all OF the
large buildings, a pleasing feature
has been the steady arrival of the iron
which was so much desired late last
fall. In the railroad yards at present
there are 23 cars booked for the Jones
company for work on the Hotel Utah
and word has been received that there
are Al more on the way. This repre-
sents a total OF about $500 tons
of steel on hand for the Hotel
Utah. For the same company there arc
IA cars in the yards for use on the
Kearns building.
Thompson & Sterrett. whose opera
tons on the Newhousc hotel have beer
delayed for q number OF months be-
cause of the lack OF steel, are in steady
receipt OF cars. They arc arriving
| every day and the steel Is being un-
loaded and hauled to the scene OF op-
| crations at Main and Fourth South
Should conditions become favorable
there would be no lack of material tc
use in the quick upbuilding of the
| downtown hotel.
Tho Homer Monthly will mako its
initial appearance Monday. It will b
four pages. IA by 20 inches, and Will bt
edited by w. r. Howard, sales agent
| OF tho Homer Realty company. 1,
| will have all good listings and good
buys, and attention will also be called
to bad buys. It's circulation will bt
throughout the intermountain country
| The most significant fact about
realty conditions here is the early star
that has been made in resumption Of
building operations in the residenc,
| district. Attention was called to thi.
| two weeks ago when workmen bcgar
excavating for the foundation of tbs
now home for G. B. Lockhart in Fed
eral Heights. Work has been progress
Ing rapidly ever since and the concret.
foundation IS now nearly completed
Plans for the new building have beer
prepared by Architect w. H, Lepper
The structure. which win cost abou
$1,000. will be located just west OF tn,
residence of A V. Callaghan. now near
Ing completion at tho intersection o
Wolcott and Perry avenues.
|
Tho Callaghan residence is PRACTICAL,
completed inside The carpenters ar,
through with the second story All.
painters have nearly completed thei
work. Another week will sec the com
pletion of the painting downstairs. aft
err which the plumbers Will commenc