The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-19
REAL ESTATE AND BUILDING TALKS

lid AWnlIe ago. 100 many OF tnerb lhC'
cries and individualsare paying cash, and
hat don't suit banks or brokers'" Real
state agents are very hopeful, and all are
confident that there will be an advance
1ery soon In prices. Rents will also be ad.
'anced over last years, but II Is thought
hat such advance will be small. There
mas been large number OF houses, and
some very substantial business blocks
erected during tho present year, and the
architects think the indications tavora'
bic for q still greater number next year.
REAL ESTATE TALK.
One OF the oldest and most reliable real
estate dealers in the city said, "Why since
the election there are many inqulrera for
desirable real estate. 1t Is true there has
not great deal changed hands as yet, but
in my judgment the Indications all point
that way. never saw greater confidence
at any time in my life In the stability Of
things. Rents are looking up, stocks firm
and securities that were below par two
weeks and q month ago are now at par,
and looking up above that. 1t Is all due
to the election" said our informant as we
turned 10 leave.
ANOTHER ONE.
"There is not the slightest perceptible
difference in values, that | can notice"
remarked one OF our brightest and most
prominent real estate agents and brokers in
securities, "but 1t is my opinion, and lind
1t very generally expressed one that the
plethora Of money mus. find channel
some where, and that somewhere ts in
real estate. have Just now some prop.
erty for sale that would be much better
investment than anything know OF ex-
cept fancy stocks, but 1t appears 10 mo that
moneyed men do not see their way clear
TO invest 10 real property Just now. There
is no manufacturing city in the Union In
which healthier monetary condition oil
affairs prevails. Stocks are In demand, or
comparatively 80. Money is extremely
plenty, and there Is general air ofget up
aud get around In all the mills hereabouts
Two weeks ago some good stocks that l am
acquainted WITH were below par,
now these same stocks are st par
and will likely 90 higher, and
1t Is my impression that the stiffness in
stocks will extend to real estate. On Main
street between the bridges; on Market
street between the Custom House and
the Market House; on Chapline be.
tween Eleventh and Sixteenth, and on
the streets interesting these streets. prices
are as stiff as ever they were, and instead
OF going buck, there Is q marked tendency
upward. Suburban improvements and
buildings are questions OF time only: they
will come coon enough. | do not know
OF a city the size Of this one !r the Union,
or even larger, that has such large pro.
portion OF well.to-do citizens, and l never
sag such people for bonds and securi.
ties, They all want them. Capitalists and
tuoneyed men appear to have unlimited
confidence in bonds, whether railroad,
municipal, mill or manufacturing or ns:
tio.el bonds, and in their ability 10 pny."
Another gentleman, 0 prominent olhce
holder Ia The county and shrewd dealer
in real estate said; The value oil real
estate is governed altogether by locality.
Propprty In the Second, Third and In a
mari OF The Fourth, and in the Seventh
ward Is good at any time aud at very fair
prices. There 10 . great deal OF money
held by banks and Building Associations
at present and this In my opinion will be
absorbed by real estate Investments"
ALEXANDER ROME, ESQ,
said there has been a falling off in rents
for a few mouths back; that is, tenants
have been complaining that rents ere too
high, and, generally, landlords have re-
dnced little on account Of these com.
plants. ~ youask heprospects for the
future I will cav that L have orders to ad-
vance rents. The reason OF this is the
great demand for houses and their search
". This demand, l may also aay, is for
email houses, say from three to i've rooms.
/ am 10 daily receipt Of demands for such
houses. These airs very scarce. l think
the erection OF houses 10 the lasttyo years
has not been In proportion 10 the increase
in population. IN regard TO the demand for
real estate ! would say that It is dull at
present. have on hands, and have had
for come time, eight frst.class houses,
which range in prices from 70, 900 to s., 900
and 5000, yet there arc no applicants.
On the other hand bave daily RppliCa-
ton from workingmen Tor homes ranging
In prices from $1,000 TO $780, bat ]
have already told You there is no supply
for this demand. ] think, however, there
Is very general confidence In the SECURITY
Of real estate, as ! find thatany reasonable
amount OF money eau be raised on good
propetty. Ny impression isthat real estate
nrst dyance. governed as It's, like every.
thing else by the supply and demand.
There Is q great deal Of property in my
hands for sale, and tho owners h8vo in
struc ed me not to push too hard to sell 1t,
as they think there will be an advance. l
think there will be q great deal OF proper
" exchange hands during the coming
year. Money Is very plentiful and must
ind an outlet In real estate, and those
having money seem to regard real eatate
as their best investment"
Mr.. Charles P. Hamilton, architect and
general superintendentat j. A. Holidays,
was found In his office, and said:
building has been very brisk during
The past season, but Ia rather quiet just
now. think the Indications for q large
number Of new buildings nextspring are
g00u, nave hlreAuy OIueI5 IOr pIanb lot
our or five large tenement houses which
will be built next spring. Then, too, there
will be built q number Of residences Of
better class, while smaller homes and
houses will be built largely. AS to the
prices OF materials they are sitter than In
he summer. stonework S. 90 per perch.
Bricks are Sll 10 per thousand. Plaster.
ng 20 and SO cents per yard. Painting and
Glazing remain at about the same figures
10 In The summer. All other branches Of
he building trades, while they have not
advanced, have marked frmness, Lower
grades Of lumber bring from Sl5to1S per
thousand feet; prime $50; clear $50 per
housand feet. Shingles $3.50, being an
ldvRnce Of 25c since September. Lath
3 IS per thousand, same as in the sum.
ner.
Quite revolution Is going on IN the
natter OF building stone, the quarrieS
round here, convenient to the city, have
almost all been worked out. and It Is next
o impossible to get good clear stone for
ooled and rufEled work, and lately the
builders have been compelled to have re.
,ourse TO the river quarries Of free stone.
mOnR the moet innnrtank In the pnrta.