The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-23

Employment is being given to scores
of men on the buildings now In course
of construction in Salt Lake City. Much
of the construction work VIII be com
pieted this summer, In addition to
these buildings, 4 ride ever the city
reveals scores of new residences. from
cottages costing $500 up to houses
costing $4,000. The weekly payrolls
coming from the building ACTIVITY is
felt by merchants in the city and vari-
Gus other lines of business. Money
earned on these buildings by Iaborers
and others is being turned into real
estate building lots and residences, en-
ablinp a number of men of moderate
means to own homes.
While this season probably VIII not
see any skyscrapers started, the out
look for a large amount of steady WORK
on smaller buildings never WAS more
encouraging. IT is argued that dozen
three-story buildings Will offer more
employment to a larger force of meu
than oBc large building and for that
reason the building activity Is on
better basis this year than might be
considered without a careful investiga'
ton of the conditions. Real estate
deals and building operations seem to
go hand in hand and there is promise,
say the dealers, that this condition VIII
continue through the year.
Many Small Sales.
Evidence of the popularity of mod
erately close.in home-buildlng sites is
found in the list of sales in the past
week. Real estate firms having some
of these additions on the market report
favorable week in spite of part of
the time being under unpleasant wealth
er conditions. Some of the newer ad-
ditions were favored with numerous IN
uuiries developing into sales before the
week was cut. Bench property received
the cali again the past week and the
number Of contracts closed for lots
has been satisfactory to the dealers.
Investment in residence properties
has been more or less strong In the
week s trade. Dealers consider the at
traction of money to Salt Lake IN
going into real estate as a good sign
and in closing deals the same opinion
seems to be held by the property own
ers as there is evidenced a strong ten
dency to hold values steady While
there has been no material advance IN
property values it is indicative, say the
dealers. that the outlook is encourag,
ing from the fact that sales at reduced
prices are not being made. If there
is any marked change in the market
it is more Of a change to taking prop
ertv off the market by owners on the
theory that property values arc 10 be
better,
Few Business Changes.
Business property has changed hands
in the last week to n limited degree
Changes of location making it neces
sary to remodel buildings, probably is
the most attractive feature Of business
section property.
Real estate agents VINO handle renta
business report that houses of all sizes
modern in equipment, are being taken
Bench residence property is being
filled rapidly and many of the new
houses in course Of construction have
tenants waiting for them. While
there is no definite way Of ascertainine
the number of newcomers it is safe tC
say that from the increase in this elias:
of business there is steady growth OF
the city indicating that the libera
campaign OF advertising now at it:
height is having the desired effect IL
bringing people to the city.
1t is urged by dealers that in th'
next month there will not be an empty
modern house in the city Houses il
the city are being made modern il
MANY instances showing the tendency
of the wishes of tenants. Heatin,
plants, bathrooms and the like are bein:
added to residences that have heeI
slow to rent Nine out of ten calls fo
empty houses stipulate baths and man,
require heating plants. That this iten
will stimulate certain classes of busi
ness in the city. throughout the sum
mer is practically assured.
Realty Fairly Active.
Real estate trades for the past weel
in Salt Lake MS sumed UP from the re
ports from the various dealers has bee
satisfactory While no big deals hav
been closed the numerous smaller deal
in which Salt Lake citizens figure
largely as purcha sers have shown ths
money is free and easy of access n
we'll as showing thai a large part o
the wage earners of the city bav
adopted the plan of investing their say
ings in city real estate with the inter
tion of owning their own homes in
few wears.
Have YOU seen the Orpbeum Hot,
hen. Inl, n a.