The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-22
TOO HIGH PRICES
INIURE BUSINESS
Owners of Realty Sometimes
0vrreach Themselves by
Boosting Figures.
POULTRY FARMS POPULAR
PAYING INDUSTRY ATTRAC-
TIVE TO SUBURBAN DWELLER.

That the high prices Of realty and
the general tendency of property to
advance is being used by many prop
erty holders as an excuse to place un-
duly high values upon their holdings,
with corresponding injury 70 general
business, is the opinion of many realty
men here. One reason for the lull in
realty business which occurred about
a month ago is said to be the fact
that, with everything in business lines
roseate, and with an appearance of
still better conditions for the near flu
ture, many property owners suddenly
began raising the prices Of their hold
ings to figure so high that many pros
pective transactions were stopped and
others which were under way were
broken off.
This same thing has taken place
before, and in almost every instance,
it is said, has worked to the discOm-
future Of both seller and purchaser. No
one has been benefited. The purchaser
has been compelled to postpone his
investment, the seller has lost the
possibility of dispOsing of his hold
ings for some time, and the real es-
tate dealer, working on a commission,
has been compelled to give his time
and energy for nothing
1t is stated that in such cases own
ers here raised the prices of their
property a number of times as often
as a. purchaser was found who was
willing to pay the price In most
cases the increase has been to a price
beyond the market value of the prop
erty This sort of thing has hurt bus
mess a good deal. As might be ex-
pected, most of the property owners
who have done this have not been
business men, but people who have
been holding their property for many
years and have recently found an OPP
portunity to dispose of it.
For Warehouse Sites.
Most of the large realty deals made
recently have involved the transfer OF
trackage property and property for
warehouse sites. There has been a
good business in The sale of homes, II
is said. but this has been due appar-
emily TO the demand from incoming
homeseekers. There has been almost
no speculation in that line. The pur-
chase last week OF a NUMBER or large
trackage sites on the west side for the
use of manufacturing plants calls at
tention to the recent move on the part
of business interests to secure good 10
cations in preparation for what they
consider will be the tremendous IN
crease in business opportunities with
the growth of the city. Not all Of the
concerns securing sites have been local
people.
1t is a noticeable fact, also, that at
the present time many people are
turning their attention TO the purchase
of farms in the country adjoining the
city. Of so great Importance has this
feature of trade become, that many
realty concerns do nothing else than
sell farm lands The increase in pop
ulatfnn of the city is apparently caus-
ing a move outward, and many people
who do not wish to live in the crowded
sections are changing their homes
from the city property to the country
Most of the farms purchased are To-
Gated southeast along the foot Of the
Wasatch range, and in the valley near
Murray or south of that place. The
entrance to the canyons are Offering
admirable sites for the locations Of
farms, and many people are taking
advantage of the facilities offered for
| establishing summer homes or open
ing small farms. The tracts vary IN
size from five acres to ten acres. al
though some run as large as twenty
acres or more. Tracts are also secured
for the location of poultry farms, and
the southeast bench is dotted with
many of these. Chickens appear to
be the favorite in this industry, al
though pigeons and even a few turkeys
are found. The industry seems de-
stined to become popular one in the
vicinity of the city, and 70 eclipse even
the truck farms as a means of income