| Show A BIG SALE 1 Mr Groesbeck Pays 8450 per Foot on the State Road SIX MORE LARGE HOTELS NEEDED A St Paul Man Representing Many Large Buyers on the Ground Real Estate Transfers Salt Lake Is itself again The sunshine has taken the shivers out of the market and the teal estate man has put his oil can under h desk and uses it as a footstool while he marks out new territory that has remained re-mained stagnant and untouched The mild temperature enables him to climb t n high altitude alti-tude and Capitol heights property i coming in for a speculative turn I Rapid transit i reaching out across the Jar danbringing property that was considered outside out-side and beyond the speculative line The ease and cheapness of constructing electric roads is working a revolution in the distribution of the population of large cities An electric wire can be stretched out nearly as readily as a clothesline clothes-line and a car sent flying along at lightning speed Under this condition suburban property is greatly appreciated and the men who are go ingto make the most money out of Salt Lake realty are those who secure large tracts of acre tge at a small cost Four weeks ago a man could scarcely buy a lot for anything less than 8250 while in the next sixty days there will be more transfers under that sum than above it The outside additions have been kept back for the very good reason that the surveyors could not lay i out on account of the snow A weeks line weather will enable the sueveyor to do his work and they are busy at it preparing addition after addition that i work a wonderful change by bringing in a class of buyers that were shut out from inkIng ink-ing any part in the speculative boom by reason of their being no property on the market at the prices they were able t pay Many large investors are dally arriving in the city and a number of these are stopping at the leading hotels A number to large transactions are underway and when reported will stimulate the market with renewed activity State Street Sale I was reported on the street that the papers were signed for tlie sale of the property owned I by W Jones on the State road at Fourth South to Mr Groesbeck the consideration being j per foot front Hotel Men All 3Iake Money The hotel business is the surest mone making mak-ing business that a man can engage in said a traveling man I travel all over the United States and lind the hotel men all growing rich with few failures while among the merchants only one in a dozen succeeds in establishing a paying business and continuing at I for the average period of a business mans lifetime While it is generally believed that it takes experience perience t succeed in the hotel business I find tnd that a farmer a railroad man or a horsetrader i can rent a hotel at any price and though he goes to sleep in the ofllce the hotel will run itself There is hardly a town in the west but what lacks good hotel facilities and it seems that it is i t 10 only business that cannot be overdone Tate Omaha with hotels in nearly every block and they are all prospering and new ones being built 1 believe that Salt Lake today would stand ji halfdozen a a day houses and that ever one of them would make money Chamber of Commerce The committee on membership which failed to respond to the call for yesterday afternoon arc requested to be present Monday at 3 p m without fail There will be an important meeting meet-ing of the directors Monday evening Secretary Gillespie keeps a register for the recording of the names of visitors to the rooms and i shows that a daily average of twenty persons per-sons from all parts of the world visit the chamber cham-ber of commerce and inspect the fine specimens of Utahs resources and always express aston shment at the variety of its products A Whalen Success A young man called at the chamber of commerce com-merce Friday afternoon and asked the secretary for some copies of the third annual report As it is not the custom of the secretary to throwaway the printed matter without knowing omethifig of the manner in which i will be tiEs ributed ho quizzed the young man as to what he wanted it ror I am going t Omaha said the young man for the purpose of selling Salt Lake property the Whose secretary property do you handled inquired Whalens answered the young agent Whalens repeated the secretary scratching scratch-ing his head in astonishment I think 1 heard that name before How much do you want I would like to have fifteen copies said the young man and the secretary wrapped them up and handed them over |
