Salt Lake Tribune | 1919-05-04 | Page 34 | Rents in Country Show Upward Trend

DENTS IN CW Survey in 50 Cities Demonstrates Demon-strates Insistent Demand for Homes. A report w;is rceived hero from the United State Mortgage & Trust company com-pany of New York giving tho consensus of opinion of its mortgage agents and correspondent banks in fifty different cities. Instances of labor shortage are rare, according to tho report. "It is gratifying," grati-fying," the report continues, "to find that employers, public officials and organisations or-ganisations generally have given the employment question earnest and timely consideration with the result that up to the present there is no serious disturbance. disturb-ance. ' ' Tho general trend of rents has been almost universally upwards, the pt" ceutago running Irom 10 per cent to 50 per cent. The lack of new construction, construc-tion, tho flow of labor to industrial centers, and the high cost of labor and materials are held responsible. There in very little new building, according to the findings. According to the survey, the one fact which stands out clearly in the real estate situation is the insistent domand for dwellings. Retail trade is reported to be in a healthy condition, marked only by a few instances of depression and caution as to overstocking. Particular Par-ticular attention is apparently being Riven to exports, and tho location of new industries. Tho foderal resorvo system is so well established and its beneficial operation opera-tion so cloarly demonstrated that it is now taken as a mutter of course. By taking care of the war financing, the extension of credit, building of confidence confi-dence and stabilizing conditions throughout tho United States, it fills a place possibly higher than was anticipated antici-pated by its most optimistic supporters. The federal farm loan system has provod of immense benefit in sections where opportunity has been given to show its worth.