The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-03
Advent of Cooler Weather
Brings Activity in Business
and Residence Districts.
BIG BUILDING OPERATIONS
ASSURED FOR THIS FALL
Architects Engaged With Bust
ness Skyscrapers and Many
Modern Dwellings.

. a continuation OF the carry idIl lul
petus felt in the real estate business
marked the activities of the past week,
according to dealers of the city, who
report excellent conditions prevailing,
| The advent of cooler weather. the re.
turn of hundreds of people from their
usual summer outings, away from the
city, an easier financial market and @
renewal Of building operations on a
larger scale have been among the prin-
cipal factors in Frightening trade and
forecasting what bids fair to prove an
exceptional fall market.
Although the different firms of the
city have not all Jared alike in the
amount OF business transacted during
the hot season, some having maintained
satisfactory average, while others
have suffered. it is generally conceded
among them that last week s change In
weather brought on a noticeable rally.
With the apparent close of tho vaca-
tion and canyon outing period hun.
dreds OF people returned to the city,
who added TO the list of prospective
property purchasers or home buyers,
and who swelled the ranks of inquirers
to show property.
Money Now Easier.
With the beginning of a favorable
crop return and still more favorable
prospects for the later fall, the money
market has steadily grown easier on
all sides. Dealers report that more
cash has been in evidence than ar any
time since the advent of the spring
season, while time transactions and ac
counts have decreased through substan~
tisi payments.
An apparent revival of larger build
iIg operations has also influenced The
realty market bene6cislly. Definite
announcement concerning the speedy
commencement Of construction work on
number Of big buildings, both within
and outside the business district, has
helped stimulate realty trade, Active
steps toward the erection of such
buildings as the proposed Walker sky
scraper, the Auerbach building and
other close in structures have strength
ened returning optimism, while the
building of school edifices and modern
residences on the surrounding benches
has frightened prospects and en-.
hnnccd the value of properties.
noticeable stimulation TO prices,
while at the same time inquiry has re-
mained solid, was felt where CaDitol
hill properties were concerned. Much
discussion concerning the best site for
Utah's future state capitol appas
rently resulted in the general feeling
that the present site would remain tho
permanent one, or that if changed at
all, it would be shifted a little distance
further back towards the Ensign peak
plateau. In either event the values of
Capitol hill tracts would be greatly
stimulated, and acting on this pre-
sumption, inquiry about such properties
took an upward bound with several i'm
portant deals in sight.
Activity In Building.
AS shown by the building permits
issued during the week and also the
reports of the different realty firms,
the most active residence upbuilding
remained confined largely to the popu-
lar subdivisions on the north, east and
southeast benches These additions are
building up rapidly with attractive
dwellings of the strictly modern type,
In transactions for residence tracts
firms of the city report that for the
| most part the operations OF the past
three weeks have been more profitable
the season, with brighter outlook
than for the same time last year. While
dealers declare that they anticipate no
particular boom, they nearly all ex.
press the highest confidence in legiti-
mate. profitable fall business.
Another feature of the week which
testiiies alike of the stimulation felt
in both property transfers and building
operations took form in the increased
demand for the services of local archi.
tects. During the midsummer season
architects have complained freely of n
slump in activities, but during the past
week nearly all report satisfactory
! prospects for a good fall. with many OF
them already busily engaged on de,
signs and plans for costly structures
and modern dwellings. An unusual
amount of designing and planning for
remodeling and Improvement work was
also noticeable.
Apartment houses In Salt Lake are
more numerous than ever. but promot-
ers and builders claim that there is
still room for others despite obviously
! low rentals. Rents for private homes
however, still remain high. Dealers de.
clnre that the averages will continue
so until substantial increase in dwell
ings for rent occupancy force the rates
TO lower plane.