The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
REALTY MARKET
MUCH INF PROVED
Feeling Is That Great Activity
Will Come Within Short
Time.
CONTRACTORS ARE MAKING
PROGRESS ON BUILDINGS
Money Expected to Become
Easier When Westward
Movement Is Begun.

The real estate market looks better.
Better conditions prevail and the out
look for the future Is most encouraging
While the money market Is still tight
local bankers are cut With the declara-
ton that loans will be easier to OBJ
tain within the next thirty or sixty days
II is said that many deals have been held
UP pending a loosening up of the money
market Inquiries for desirable real es-
tate are lively and dealers generally are
optimistic.
The real estate market Is sharing with
other markets the optimism that at pres
ent is pervading all circles. Reports are
coming In that there will be big harvests
all over the country and that the general
outlook is improving. The west is with
drawing the money loaned 10 eastern
bankers and is using i in moving the
crops. With Increased funds In the local
banks 1t is maintained that loans VIII
be easier TO obtain, thus giving an I'M
petus 10 the, local realty market.
shared with the people generally the
opinion that there WAS likely to be a
repetition Of past financial crises. Flgu-
ratively speaking, they have drawn in
their horns and have refused TO launch
out In business to the extent that they
have III the past This was not because
o%n of ea ns tSa the
simist would prevail in his inane rant
ings.
Pessimism Laid Low.
That you can't keep q good town
down" is the View entertained by most
Salt Lakers. irrespective OF whether OF
not they are engaged In the real estate
business, The values are here. the pop
uation Is here and the business is here,
apd there Is no reason why real estate
should not maintain a stable price. so
long as the city Is on the UP grade in
stead OF the down grade. Prices OF busi-
ness property remain practically the
same. in spite of the fact that on a num-
Der of projected structures operations
have been put OFF for several months
This is true, however, in the case of
and the Kearns building are rapidly near
ing completion. On Doth OF these struc-
tures workmen are as busy as bees. and
II Is altogether probable that the build
ings will he completed on contract
schedule.
New Hote! Nearly Completed
The new Grand hotel. Main street and
Fourth South street is practically COM
pleted, Concrete men arc now engaged
in erecting the high chimney, which will
carry smoke above the Newhouse sky
scrapers. The activity on this building
Is more motto 'olv marked. perhaps. be-
hotel and the Newhouse theater. both in
the Immediate neighborhood. This ho-
tel which Is n credit TO lower Main
street. Will be completed in a short
time.
From talk about town 1t can be cleaned
easily that there are n number of big
deals in the making, One deal for busi-
ness property is known now to be on
which calls for the expenditure of about
s200.000. 1t is thought that this deal
Will be closed within the next few days.
Though the Walkers have not begun
yet the construction of the magnificent
store and office building at Postoffice
place and Main street on the old Bam-
berger site. II is known that work will
begin soon. The remaining tenants in
the old structures. have been given q
definite time In which to vacate, and this
Is taken as n strong indication that ac-
tive work will be started soon. Money
Is not a disturbing factor in this situa-
tton. The loan for the erection of the
building WAS negotiated some time ago
and the tight condition OF the money
market has no effect at all on the opera
tions.
On Auerbach Buildings.
Just why the operations have ceased
on the Auerbach buildings at Third
South and State streets and a little fur
thcr east on Third South street Is purely
matter OF conjecture, 1t Is generally
conceded that the Auerbachs have plenty
OF money with which TO 20 ahead with
the construction work. The thought is
entertained however. that they are walt
ing for general financial conditions to
improve.
There is no mistaking the fact that
the market Is In better shape than II
has been for some time past. A cursory
investigation Will reveal this to be true.
Inquiries from all sources are pouring
into the real estate offices. Many OF
In sales Inter.