The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-10
MORE SEEKING
RESIDENCE HERE
Realty Dealers Find Steadily
Increasing Demand for
Building Locations.
HIGH COST OF LABOR
AND MATERIAL RETARDS
But, in General, Outlook Is
Bright for Autumn OF Splen-
did Activity.

Real estate dealers OF the city gen
erally agree that the past week 8 ousi-
moss has been characterized by q
Etrolcer inquiry for homes OF moderate
cost. while at the same time the de-
nand has increased Tor higher types OF
structures and most artistic finishings'
Local firro report that one OF the
stronecst features Of tho weeks traae
wae the marked increase IN negotiations
with oatsido persons in connection with
ilocnl properties. Building activities
'havo also been gratifying, and nrshi.
tecta for tho most part give out rhat
rrospccts for continuance OF sleaay
demnnd for drawings and plans are on
cournging.
n,any q. tho realty firms take tho stand
that business would be many times
moro profitable il labor and material
were not go high here as compared with
other citieu. Ono prominent dealer de-
clered that people here were used to
getting from II to rs per cent returns
On their investments, while customers
thought @ per cent return was ieein-
mate. This dealer expressed the opin-
iou that no locality IN the country gave
so mach promise of q brilliant future
In the realty line as Salt Lake, PRO.
vidjrg rentals. values and business
oDeratiors generally should be allowed
20 readjast themselves in tune with
conservative, steady and legitimate
markets.
Effect Of Booms.
Tho so.callod "boogrs' Of the past,
said another big dealer, had had the
effect Of raising prices little beyond
thoi. marketable o. actual figure,
which had tcaded to bZinE OF season
Of comparative quiet. This period, no
declared, was practically at its close:
a Yeadiuetnent in nearly all lines OF
business having como about naturally:
Most firms report that the railroad
strike agitation has not as yet affec1ed
the local realty market, although fears
are folt that should ths strike take
place. labor and .aatorial woald become
onlY secuTablc at n proh:bitiye rate, re-
splisaG II lull ii building operations,
Son,o firras, however, feel that a tenn.
porary benefit i'll building might be
expoJic1ccd through a strike. because
OF the men who would require Work
along tho lines OF their trade without
beiag IN the employ OF the railroad
companies.
Probably the most important feature
was the demand for structures Of higher
taste. Dealers declare that people are
becoming much more particular in their
desires. II is argued that higher tastes
aud Intelligent designing mean more
money 70 the real estate business and
n more beautiful city 20 Salt Lake resi-
degts.
Activity II Building.
\ fev weeks ago loeel bnilding so
cisties were reported TO be bat month
behind in theig loans. This means that
at that time n slump IN operations and
transactions allowed debtors 20 catch
rp with the loan money put out by the
societies. IL other words, there were
no calls for buildings or realty trans
actions through the loaning channels
OF the building societies, which enabled
debtors on past transactions to settle
up on their accounts close 10 the out.
standing figures. AT the present time
the building societies are year or
more behind in their loans, which testi.
fies to the stimulus which mas been
given to the realty market during the
past several weeks.
Throughout the business center there
IS going on a great deal of remodeliug
and Improvement work. both for stores,
offices and in the larger Of the older
buildings At the same time il was
noticed during the week that many
vacant stores or rooms. either on street
level or IN the buildings, had become
occupied The most important piece
of remodeling 10 be accomplished is
that proposed in connection with the
TempIcton building. Throughout The
structure many changes will be made
70 add 10 the beauty and efficiency Of
the place as n building of its kind. II
has also been announced that Zion s
Savings Bank s. Trust company will
soon occupy most OF the space now used
by the State Bank of Utah in addition
10 its present quarters. This il 10
cI a A.
pairs, appro1imating in all about $50.
600.
Outlook Is Excellent.
All these conditions and tendencies.
according 10 dealers, point 10 more
brilliant times for the realty business
While II Is conceded that there arc no
gigantic deals pending or about 10 be
closed. most firms feel easy in the
knowledge Of steady. healthy market.
particularly, far as home building
and the transfer OF residential sites
are concerned. There has been no de
Preei9tlon in values generally. while in
certain localities an impetus has been
noticed In prices People show no dis.
position 20 get rid Of their holdings
az lesser figures. which is also taken
ms an encouraging indication.
Inc announcements of tho change in
location OF the new Country club had
the effect Of stimulating inquiry for
property or home sites in the Terrace
Heights section and in Wasntch
Heights Several sales were reported
from these localities, the parties there
70 In most Instances. being either
DIRECTLY or partly Interested in the
club. Plnns now under way for i'm
portani extensions of the local trae.
tion comrany's lines are said 70 have
also benefited the marke, in the eastern
subdivision
UTAH CONSERVATORY OF MUSIC.