The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-26
REALTY DEALERS TURN
HOPEFUL EYE ON 1872
Foresee Year of Unprece-
dented Building Activity
for Salt Lake.
on UPWARD TENDENCY
Better Prices for Metals Has
Effect; Many Enterprises
Already Under Way.
ON UPWARD TENDENCY

Another week Of optimism and conf
dence in the future of Salt Lake pre-.
vailed in real estate circles. Although
the market was without features. near.
" all dealers declare that a healthy.
steady business obtains, with fne
promising outlook.
The demand for homes under all
clsssifca tions continues. being strong
est in the inquiry for rentable places.
Collections have been good. deferred
payments have come In regularly and
inquiry TO show property has Deen fully
np TO the standard. il is reported. Out.
side interest in local values and in
ducemeuts is becoming more firm.
Nearly ell firms report many transac-
tions pending. while the week s sales
were normal, when it is considered that
the paying of taxes and other demands
made upon money at this season of the
year always detract from the realty
business Cold weather has also influ
euced realty trade 10 some extent
However, dealers do not complain. and
most of them are turning their eyes 10
early spring. which, they declare. holds
promise of a brilliant season.
Money remains easy and many loapc
were placed by building societies and
banks for future homes and structures
Building activities are keeping up, de
spite the weather, and Will continue un
til the late season.
Reports Gratifying Conditions.
The local situation is one that should
inspire confidence and optimism, ac-
cordldng TO an interview given by Wal.
ter i. Mecks of the firm Of Mecks &
1,.f 90 ~ l,1- III .,
"Real estate. like all other business
branches, depends largely upon condi'
tions of trade. industry and finance for
its development and support, In Salt
Lake the real estate business has been
splendid, especially during the last few
years. Just at present, however, IT is
somewhat quiet. but this is due to the
tax paving season and other temporary
demands made upon money. Election
also made its influence felt. but is q
thing of the past. From now on, realty
viii improve, the market will become
stronger, and dealers expect that the
year 1912 will be one Of the greatest
building and realty activity in the his
tory Of the city.
1.-The reasons for this faith are ap-
parent and manifold. For instance. the
inclination of metal prices TO 90 up
will have great effect on future busi-
ness. Salt Lake is a great mining cen.
ter. and when such metals as silver
copper and lead go up in prices, op-
timism prevails, increased trade and
business deals result and stimulation ~
added to all business trade. This means
more money and more buildings. two
vital factors in real estate circles.
Public improvements.
'There are now public improvements
rr-h, h,rh of
only been contemplated but really CON
tracted for in this city, These under
takings will be carried to completion
in the early spring. 1t will give men
work. the merchants will be benefited
and all channels will be swelled. The
construction companies are even now
using every available man and team
in the work under way. Public i'm
mean health and expansion
TO every line of bUsliess.
"'The building projects now under
way mean confidence and stability in
all markets, especially when IL is known
that the present building activities will
continue through the winter without
interruption. Bonfires and heating de-
vices Will be used by the contractors,
so that concrete and cement work will
not have to stop with the advent of
The cold and stormy spells. Such work,
comprchending the spending of mil
lions, cannot 90 on without inspiring
business men and citizens with conf
dence in Salt Lake future. Such con
fidence means business from inside aud
outside sources,
Vast Building Enterprises,
There are now building the fedora!
structure annex. the Bamberger sta
tion and the Walker store on Postoilce
-. ha ,I.c - Ant
store OH East Third South street, op-
posite the old Knutsford; the S600,000
new high school on the east bench, the
hotel the Walker skyscraper
and many other structures. There are
10 be built at once the 100000 central
for the state university, the
Westminster school for boys on E1ev-
enth East street. the state capitol
two new public schools. $50.
900 worth Of new homes on the east
bench and numerous other cditices of
larger or smaller proportions. When
these things are considered along with
the general outlook for the future. II
is safe to say that Salt Lake 8 cup for
1912 will be full of prosperity.
r''Ncxt wear we will have a number
IF conventions here. This means pub
icity the greatest factor in the growth
and development of any city, We
should De more dllNc To our local re-
sources and advantages, instead of
thinking always what other localities
are doing.
Fine Boulevard System.
f.The park commission is 10 be CON
1ratmlated on the steps taken toward |
a magnificent boulevard sys-
EN- for Salt Lake. With fine county |
.oads, excellent city streets. canyon re-
sorts and attractive environments, |
boulevards. fine residences. buildings
md above all a thrifty, confident, boost |
ng public. Salt Lake 5 real future
amounts to much more than is realized |
''Real estate will take big turn in |
he spring. ENCOURAGING sales have
,een made during the week and many |
important transactions are pending, Col |
ections have been splendid on rentals
md installmcuts, and money seems 10
,e comparatively easy.