The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-12
REALTY DEALERS
ARE HUSTLING
Express More Confidence Than
Ever in Future of City's
Real Estate.
ASSURANCE OF CAPITOL
GIVES TRADE STIMULUS
O. F. Peterson Sees 200, 900
People for Salt Lake in
1920.

- icdl estate mas DOU TAKEN on
greater activity in the last week or
more, the dealers are not to- blame, as
there hasn { been time in years when
the men who are instrumental in keep
ing the market alive by opening new
business blocks and apartment houses
felt more optimistic over the outlook
II is impossible TO find real estate
dealer with the blues In the light
or the events of the past few days OPP
timism has reached higher stage and
all claim they have more confidence
than ever in the value of Salt Lake
! real estate.
AT glance. propositions are seen
in the building line will run into the
millions. The recent appropriations
for public buildings including the post
! otiice addition have caused q change
among the business men who expect to
build this year. They begin to feel
that labor is not going TO be as plenti-
| ful as thought for while early in
the year and If buildings contemplated
are to be completed these men see the
necessity of letting contracts and get
ting the work started.
Business Tone Excellent.
While the week has been ordinarily
quiet as far as large deals are con
cerned the general tone of business has
been upward and deals hanging FIRE
have been closed with ease.
o. f. Peterson of the firm Of Peter
son Bros. real estate dealers. sees
prosperous condition ahead. He is one
of the realty men of the city who uses
clear glasses to look through. In speak
ing of the local conditions in a general
way he said.
"The outlook for the future growth
and development of the intermountain
country and Salt Lake City was never
brighter than at the present, and the
prospects for salt Lake City TO double
It's population in the next ten wears
have never been brighter Almost any
one who will stop and look into the
future little and who has any ability
at all to figure out what the great
things we have positively coming, TO
say nothing of those which are com
ing but which as yet are not apparent
to all, will readily acknowledge this.
The Hartman interests will spend |
$75,O00,0 900 in the west: a similar
amount is TO be spent by the Could |
interests; the oil industry is being de
veloped in various sections of the state |
and surrounding country giving new
industry and Will work wonders in the |
way of manufacturing. The Southern |
Utah railway and the Meeker G. Salt |
Lake railway from Colorado, the Motfat |
road. the extension of the Northwestern
to Pocatello will be built and there are |
good prospects for other roads which |
| am not at liberty TO mention.
"The $2o,OoO,000 being spent in gov
ernment irrigation projects, in add |
tion to the private irrigation projects
under way and others which are sure
to follow; the great number of acres
of land going under cultivation, the
capitol building. high school building.
pOstofiicc addition. university building
and numerous private buildings now
under construction and others soon TO
follow bring bright prospects.
100000 in 1920.
"With all these things in sight al
most anyone can readily see that my
statement of better prospects for Salt
Lake City 10 double in population in
the next ten years than ii has ever
had is not at all mere talk. but reas-
enable. Show me city in the United
States which has reached population
of 100000 or thereabouts that did not
grow faster from then on until 1T
reached 100000 or more than it did be-
fore. Show me Il country with the
natural resources which we unques.
tionably have and which we are lust
commencing to develop that did not
develop much faster after it had re.
celved the start that we now have;
that did not go much faster from that
time until more fully developed
"a great many people who could
not see these things or the results last
fall can see them now. Others who
are duller are slowly seeing them and
The results are that knockers arc be-
coming scarcer every day. The per.
son who will prosper in the future is
the one who has the nerve and ability
to take advantage of some of these
good things now and not wait and
spend his time knocking until it is too
late, and then come around in the fu-
lure and tell us how they missed it,
like some Of our old time friends are
now doing IN telling us that their
father owned the lot where the post
office stands and other similar talk,
and how they frittered it away for
song. or the other fellow, whom /
begged ten years ago to buy the prop.
,rty where the Newhouse building or
Boston building now stands at $50 per
front foot, where it now is worth $25Oo
a foot or more.
81 say today as ] said ten wears
ago. you will never see the day when
real estate Will be generally lower iu
price than it is today in Salt Lake
'ity. Those who acted upon this be.
lief ten years ago made money, those
who act upon il now will make money
Don I be kuocker: you will prosper
best as n booster and the world will
ike You better,