| Show IT WAS VERY ACTIVE The Realty nSIiows Up a Big Increase NORTH BENCH WATER PROBLEM Views of City Engineer Dorcmns The Stock Exchange Quiet General Business Notes The real estate market during the past week has been decidedly active the transfers trans-fers recorded reaching 351251 as compared com-pared with 205441 of the week previous Several goodsized tracts have changed hands at prices demonstrating that their is no change in the situation Tho prediction pre-diction that the real estate market would reflect the condition of the financial market has proved false and realty has been growing grow-ing in activity in spite of the panicky feeling among eastern capitalists This uncertainty prevailing In the east has no doubt upset some sales which under more favorable circumstances would have been consummated but this only furnishes another evidence of the prosperity of Salt Lake When real estate which usually is first to be affected by a close money market can withstand such a condition of affairs it proves conclusively that realty is resting on a solid foundation The estimate placed upon property has not changed Whatever men may think or say when it comes to actual sales values remain r ec YhIlda w main the same Those who Hold off now with the idea that they can do better in January or February may regret it The chances are that they will lose their opportunity The best informed in-formed brokers and business men confirm the impression that the appreciation apprecia-tion will be as steady for some time to come as it has proved the past two years Avery A-very few sceptics are occasionally heard to remark that values are too high but this idea is confined exclusively to tho same class who three years ago cried high prices and have missed the opportunity for profitable profit-able investment and are still missing it Tho guide the only one that is absolutely reliable is tho record of real estate trans fore published from day to day No one need feel any apprehension concerning the fall ing of the sky or thobottom of the market dropping out The North Bench ft aler Problem There is every prospect that the north bench people will soon be supplied with water This means that within a year after the extension of tho mains the assessed valuation valu-ation of the tract of land above Ninth street will be increased a million dollars Tho owners of the land are only awaiting the opportunity to pour over their money in erecting fine homes and making other improvements which will transform the north bench into one of tho most beautiful spots in the city But without water their hands ire tied and the sagebrush is allowed to flourish on property worth thousands The plan proposed by SuperIntendent Super-Intendent Ryan however seems to meet with general approval among tho councilman and officials and there is little doubt but that it will be adopted City Engineer Doremus has given the matter considerable attention as he realizes its importance and he stated his views to a HERALD reporter last even ing Mr Doremus stated that tho pesition of tho Twentieth ward main leading from the water supply is in very bad condition A half a mile of wooden pipe is used in the canyon and this portion will very soon have to be replacea with iron pipe The engineer thinks that when this is done the lino should bo extended up the canyon half a mile which would give the necessary pressure and the supply would then meet every demand A main could be carried to the bench at the ordinary cost ol making extensions Mayor Scott was spoken to in referance to this matter His hanoi said he had not given the matter sufficient attention yet to give a positive opinion but the plan proposed pro-posed by Mr Ryan seemed satisfactory The committee on water works have the matter in hand and are giving it close I attention They will doubtless make a report re-port on Tuesday next and the bencher feel confident that their prayer will be granted Lawyer Kinney who is heavily interested in-terested there and who has worked hard for the bench people sayshe is anxiously waiting for a chanco to commence building while nnmber of oldtime residents are in tho same nx One well known citizen has plans out for a 10000 residence which ho intends to put up there |
