The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-28
General Conditions Are Said to
Be Better Than for
Week Past.
L0OSENING UP OF MONEY
IS FACTOR IN SITUATION
Building Revival on South
Main Street Is Promised
by Walkers.

The feeling of optimism which has
been a real live factor in the real estate
market during the past few weeks was
more pronounced last week than at any
time during the summer With the com
ing of cooler weather, conditions gen
orally have been greatly improved. The
loosening up of the money market is
making itself felt in the general realty
situation.
All is well with Salt Lake, is the cry
of the real estate watchers. Brokers
say that values have not suffered on
account of quiet conditions, and that,
with the coming of fall, a legitimate
advance, based on the city's natural
growth, will prevail IN properties where
will be the case especially in West
Third South street. South State street
and South Main street. When passen.
ger traffic is diverted up Third South
street from the new Gould station, 1t is
a foregone conclusion that still
greater impetus will be given to val
ues along that street. it is thought
that building operations will be lively
on this street during the fall months.
Dealers Return From Vacations.
Managers of big real estate concerns
who have been TO the seashore OF the
mountains on their vacations are re-
turning to the city prepared for an
active fall campaign. During the pc
riod of comparative quiet they are lay
ing plans for this campaign. and when
prospective BUYERS are ready To loosen
up with the cash. the dealers will be
ready to take care of them.
The cessation of building operations
on some of the larger structures in the
city has cast somewhat OF n damper on
the general market. The work on the
Auerbach buildings on State street and
in the block between State and Second
East streets and Third and Fourth
South streets has been temporarily
stopped Workmen have been pulled
also off the Newhousc hotel and the
Newhouse theatre. Rumors of an en-
couraging nature are going the roundf
TO the effect that the Newhouse hotel
has been adequately financed and that
work will be resumed soon. From good
authority it is learned that the Walkers
will commence the erection in the near
future OF the eight-story building at
the corner of Postoffice place and Main
street. Most of the tenants have move1
from the one-story buildings on the
sixty-sx feet of Main street frontage.
The only tenant remaining is the Doull
Drug company, which has given notice
OF closing out sale. The money Tor
the erection of this building is already
in the bank, so there is no trouble at
all in a financial way 1t is understood
that steel has been already ordered for
this structure.
Activity on Big Buildings.
Building work on such structures as
the Utah hotel and the Kearns building
is progressing at a rapid rate. From
all indications the kearns building will
be completed several months before the
Utah hotel The James Black Masonry
and Construction company of st. Louis,
general contractors for the Utah hotel,
is cutting down the handicap resulting
from the delay Of the American Bridge
company in erecting the steel. The
hotel, with its five stories completed of
white terra Gotta facing. presents an
imposing appearance The two build
ings will be a credit to the city,
About the only dealers who have not
felt to a great extent the quiet condi
tions of the summer are those who own
suburban properties which have bee1.
cut up into lots. These dealers say that
business has continued fairly good, in
spite of adverse conditions, and that
many lots have been sold, The book
keeper, stenographer, clerk and other
salaried persons have invested IN lots
on the monthly payment plan. believing
that no other investment would pay
time, Many cases are known where
money has been doubled on lots in the
OUTLYING sections.