Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-01
FUTURE HOLDS
GREAT PROMISE
Year in Real Estate Forms SpIen-
did Foundation for 0per-
ations in 1910.
OUTSIDE CAPITAL. ATTRACTED
IL
OUTSIDE CAPITAL. ATTRACTED
Scarcity of Homes Marked Feature ut
END of Salt Lakes Greatest
Building Era.


able though steady increase in prices
of real estate In certain sections of the
city and a good general demand for
real estate OF all kinds, from the choic-
est business property on Main street. to
the small lot In some of the outside ad-
ditions which are being plated and Of
fered to homeseekers and Spectators.
However, there is nothing thus far TO
justify the word boom" in speaking
Of the real estate situation as the
growth has been and is gradual and
apparently natural The building busi-
ness has been good, unusually so, and yet
there are very few houses obtainable
at the close of the year. an indication
that the building thus far, as far as
residences are concerned, has not been
ahead of the demand. Evidently there
is greater influx OF people than usual,
and although this condition has been
noticeable for two or three years, the
tide seems to be setting this way more
strongly than ever at the close of 1909.
This being so it Is argued in real estate
circles that prices are likely to continue
sliding up for some time to come.
OFFICE BUILDINGS.
A noticeable feature this year as we'll
as last year is the erection of large
modern office buildings. Two large
buildings have just been completed in
the Newhouse and Boston buildings.
and they are already we'll filed. An
other large office building is already
under way In the Eearns building, and
III spite OF all these additional rooms,
there seems to be few vacant Offices
In the city This of itself is evidence
that the business Importance of the
city Is growing, and II Is gradually
becoming the nucleus from which the
management of an ever increasine
number of enterprises are managed
This Is especially noticeable in the case
of mining companies, the number of
which has grown several hundredfold
In the last few years, and cover many
of the principal districts In Nevada,
Idaho. and even Arizona and California
Likewise the timber. cattle, sheep.
rubber and agricultural interests OF
many wealthy Salt Lakers reach from
Canada on the north way down to old
Mexico in the south, many of them be-
ing managed from this city Thus as
the interests OF Salt Lake men expand
and the influx of men OF money con-
tlnues, the demand for office space. for
homes, and consequently for real estate
grows. That 1t will continue to grow
with accelerated strides. is the convic-
the location of his city on the CONNER
cial map, and the resources surround
ing 1t. all the elements necessary to
make great and enduring city.
OUTSIDE INVESTORS.
That real estate of all kinds has ad-
vanced to so great an extent during
the past few years Is due to the fact
that outside people from the west AS
well as from the east are beginning to
realize the above fact. This reallza-
tton, while somewhat tardy. has beea
brought home to a great many people
Of late because of the extraordinary de-
velopment In the mining industry In
districts contiguous to Salt Lake City,
and the erection of monster smelling
plants and gigantic mills In the vicinity
of Salt Lake. The fertility of the lands
OF Utah. and the advantage given TO
agriculturists by the enlarged home
stead act OF Feb. 19. 1909 and the sue
cess which has attended the efforts
OF horticulturists has all had It's effect
in increasing the population of the
state. and especially of Salt Lake City.
which has benefited more than any
place by all of these conditions.
Some OF Salt Lakes most worthy
citizens who may be classed among the
ultra-conservatives fancied they de-
tected some time ago signs that the
growth OF the city was too fast to be
healthy, yet at the close OF 1909 the
general opinion among business men
Is that the present growth is at present
natural. and must continue until the
map of Salt Lake is greatly changed
before any great cessation of building
can come Homes. offices, and stores
arc In demand The fame OF this city
has gone out to the east and west and
capitalists and men who are used to
doing things are heading this way, de-
ternincd to make OF Salt Lake the
greatest city between the Missouri river
and the coast.
ADVANCE IN PRICES.
Three thousand dollars a foot for
Main street property would have been
thought frightfpl price a few years
ago vet this is the price recently paid
for Main street frontage in tho center
of the block between First and Second
South streets. Even at Fourth South
and Main where comparatively few
years ago land was selling at a few
hundred dollars a foot. n sale was
made a short time ago at $4,000 n
foot, The demand for Main stree.
property has grown from one end &c
tho other. and has been most marked