Show YEARS REAL ESTATE REVIEW OF LOCAL SITUATION IN 1901 Eli B Kolseys Comment on the Year Just Past and the Business Future for Salt Lake Editor Tribune In accordance with a wellestablished custom u brief revIew of real estate for tho year Just ended and a forecast of the coming year will bo of Interest The expectations of thoso interested Inter-ested In the advance In value of real es tate In Salt Lake City and vicinity at tho beginning of tho past year were baaed principally upon the building of now railroads rail-roads that are reasonably expected to I largely increase population nnd afford greatly extended facilities for Increased trade calculated to make of this city an Important commercial and mining center Tho achievements of tho year 1001 in tho way of Improvements In tho ertctlop of business blocks and modern residences probably represent a larger sum of money expended than can be shown by any other city In the United States of equal population The opportunities af forded for profitable investment In real estate have been recognized and Improved by quite a number of outside capitalists prominent among whom Is Mr Phipps of Pennsylvania and n number of noted mining operators In States outside of Utah who realize that this city Is tho natural mining and commercial center of tho entire intcrmountaln section They have erected palatial homes and will direct di-rect their mining operations from this city Largo sums of money the product of our own mines havo been employed in tho erection of many largo business blocks and modern residences Whose who are acquainted with tho vast sums expended In improvements and tho resultant result-ant advance In the selling price of real estate recognize that all reasonable expectations ex-pectations have been met and that tho future is full of promIse Present conditions condi-tions of tho real estate market are not favorable for the option man who would expect by the Investment of 5100 In tho shape of an option to lake down as profit several I times tho amount but to those with money to Invest who desire safety with the assurance of very satisfactory assured profits based upon assured Increase in wealth and population present opportunities oppor-tunities cannot be surpassed If equaled by any other section In the United States The residents of Salt Lake City have been noted for their conservatism which has enabled less favored cities to enjoy a more rapid growth In the past which through boom methods have been developed de-veloped beyond the capacity of their surroundings sur-roundings to still further advance It Is I generally admitted that the success of other Industries depends to a largo extent upon the mining Industry Tho development develop-ment of the mines during 1901 t was very gratifying In addition to the Increased yield In gold silver and lead great developments de-velopments have been made In producing copper Experts who are acquainted with tho extent of our resources In the red metal state that they arc not surpassed by any other known section only requiring re-quiring further development for tho yield to equal If I It does not surpass that of Butte Mont Vast sums of money have and arc now being expended in the erection of Immense works for tho smelt Ing and reducing of ores by tho best an provfid modern methods within a few miles of the city Electric cars aro < run nlng to these works Tho muica and smelters afford employment to a largo army of men who create a homo market for the agricultural and other products Tho production of sugar has been large ly I Increased and It has been demonstrated to the satisfaction of tho farmer that tho cultivation of tho sugar beat affords him a better profit than other crops and gives profitable employment to all mem hers of his family Tho present year la assured of tho building of several moro sugar factories and largo Increaso In acreage devoted to the raising of heats Plans havo been approved and contracts let for the erection of a number of modern mod-ern business blocks to surpass In beauty of design and cost any achievements oC tho past Building In other linen prom Iso to surpass that of tho year IDOL While the now railroads are not yet fully constructed con-structed no person who la acquainted with tho work done during 101 doubts but that wo will bo soon enjoying the benefits expected from tho building of thoso new roads Tho prospects of Congress Con-gress In response to the recommendations recommenda-tions made In the Presidents message making an appropriation for tho purpose of obtaining water for tho arid lands conveys great promise to Salt Lake City and tho Stale of Utah If thoso measures meas-ures are carried out that albno would enable tho State to support several times Its present population The above are only a fow of tho resources re-sources possessed given to show that Salt Lako City Is the commercial cantor of probably tho richest section < In tho United States In undeveloped resources that Is calculated to make of It tho moot Important city between the Missouri river on tho cast and San Francisco on tho west ELI B KELSEY |