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Show VAl.t E OF HALT LAKE KKAL ESTATE. Gnat minds do not always run in the same channels. The sparkling intellect that presides over the editorial destinies of the Tribune figures it out to the point of a fraction that without the building of tho Deep Creek railroad "blocks nearer the business center will be for sale at less rates within the next two years'' than those offered for the Fort MIock. And in another place the same expert in Salt Lake real estate declares de-clares that "without it, whole blocks will be for sale here at less than $15,000 per acre before two years." We don't know what is to happen within two years to depreciate property prop-erty so unless it be a war which the Tribune forestalled in the Illustrated Il-lustrated American, and which it is doing nil its impoteiicy permits to precipitate Nothing short of that can, in our hum . hie opinion, reduce the value of Salt Lake real estate. On the other hand tho ponderous mathematician of tho Herald calculates, taking the Fort MIock as a basis, that Salt Lake real estate is worth about three times its present market value. This is done of course to score a point ngaiust the Deep Creek Kailroad company com-pany which offers to purchase the square iu question. Were either the Herald or Tribune to take different sides in the matter of selling the Fort MIock each would just as readily reverse its figures as it now adduces them. Moth have done this before. Heal estate men in Salt Lake need not be agitated about the matter at all. Property here is not inllatud, and a reduction re-duction in values is not probable unless the city retrogrades, which in itself is a ridiculous proposition. The best test of the stability of real estate values in this city camo last year when the short lived effort at a boom collapsed. If prices were to tumble, the time for it was then and since. Tun Timf.s wants to see the railroad to Deep Creek built, but il does not pred ict disaster if it isn't. For any Salt Lake paper to preach the decline in values is on a par with its persistent declaration that rebellion is imminent. Anything to show that tho condition in I'tah is one of insecurity; what if itdoes frighten strangers away? |