The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-01
PLEASED WITH THE OUTLOOK
Real Estate Held at Better Prices, with
More Inquiries than for Years Past.
There IL an active Movements TO Enlarge Sub
urban Additions. for Which Large De-
mand for Residence Purposes Exists.

us noteworthy that the opinion in all the
real estate Offices, and the talk and advice OF the
largest and most experienced dealers, Is that the
market Is on the bull side But few agents viii
advise their customers to les thsis property 90.
even At the firm prices ruling now, nor at the
low ratio Of mes returns which Indianapolis prop
erty Is Row producing a. an investment The
future growth Of the city is the great bank Of
hope and confidence upon which operators ara
depending for sure return on thar investments
in the near future Dealers fsol couidens that
the growth they anticipate viii necessarily be
brought about By ths introduction Of natural
gas. The tendency for several months has been
70 spread the city over more ground. and . very
large number Of downtown prOperty-holdsrs
SIRE striving 20 exchange their wealth far
suburban property. Instead OF seei.g how
concentrated the city may be made the mania
- running to tAe opening Of lew additions and
colonies on what arc now the outlying lands Of
tho city Taking into consideration tho rapid
growth OF the ei " In al directions, there Is
Widespread fleeing or demand for better and
fnore rapid strces-cMr service. that will connect
gith ali tie thriving suburban towns. and there
cy orlng them ic close connection with the heart
o. the city. The present service is looked upon
"a ons OF real benefit to real estate owners.
The opsEicn is prevalent that the streets are too
valuable 20 sacrifice to a company that affords
90 little return Besides, il Is argued by deal
eTs, that the service is utterly Inadequate for
the proper Developments Of the city AS one
Re.tiesnar remarked yesterday. "The rapidly
RroNing suburbs will soon demand better street
ear ire nssortation. and the quicker is provid-
Cd The better for BIZ concerned" Those who are
lnN*ssing heavily IN outside property an xious
To zee the cabis road built this summer and
th.y Will urge its construction.
: Inc o'1est dealers have never had so much
lalsh n Indianapolis property as now II
knoN that men with capital cannot And a better
Investment than by coming here and putting il
IA rral estAte,' said of them Yesterday
There Is an abundance OF property thar can be
bought for reasonable prise. ana Il is al sure
90 Do improved within few years There Is
90 reaaon why the eity should go in any one
direction faster than in another Woodruff
race and the other additions east of the city
are going TO be localities for ios Of residences
anat can oa duplicated no where in the country
those additions viii soon be the fashion center
Ior resldences and tins day 10 not far distant
wnen Property out there will command very
fancy prices. Il ia now In the
RAIDS of men who can fix it's future value
Araoe VIII not 90 out that way, for long period
81 ysar3 81 least, and II rapid-transit road is
mutt IL will assist in keeping trade away rather
Than bringing it. While the eastern aud north
err suburbs vii: be used for residences the west
an0 southern additions will develop with the
manufacturing localities. Property In held at
lower uRufesythere, and, besides having better
neturai advantages fer manufacturing concerns
VITO the planting OF numerous factories there
VIII De corresponding demand for property 20
rent. ana the consequence will be that the great
sass d OF the city may be expected to be TO
Although the last week was not favorable
Sne lor business. there WAS brisk trade every
Jay OF me weeE, ap1 dealers unite in saying
tnae sney nave~eCs boon visited by SO many
property hng1ors during any one week for sew
eFal y@z1s. Lhe number Of deeds recorded
sssaaSlea I'D representing property valued at
Sde4.544 "a. aEi q great many sales were made
sssnas did not reach the record in the recorders
on1c@. The business for the month of March, as
compared with that OF March, 1887 shows a re-
m1rkable improvement The number of deeds
recorded during March this year almost doubles
those OF the corresponding month last year. and
the aggregate consideration was 20 per cent.
greater The majority of deeds recorded repre-
sented unimproved outside property, and very
large number of small farms near the city were
sold. nearly all TO Indianapolis capitalists.
During the week Charles w. Bridges had n plat
OF seventeen lots recorded. These lots have a
frontage North Mississippi street. between
Twelfth and Thirteenth streets and are very
desirable for residence purposes. There were
summated.
The building boom is developing very rapidly
as spring approaches. aud already there are
enough new structures in sight to insure a
buster season than the contractors have had
sinee 1914 rorty-two permits We're issued by
the city clerk during the week. calling for an ak
penditure Of nearly 100000 While the ma.
Jority or the permits are for residences quite q
number we're granted TO persons for business
the permits granted for the construction of resi-
qencss call Tor better class Of houses than have
osen gong up In the past. While they are
generally Aot costly structures, they are
OF the mcEt improved style. ave have almost
ceased building the old-fashioued box
houses" said q prominent contractor yesterday.
II As now difficult to please men who want TO
nEiid. They want something new and novel
Nitn modern improvements, and architects are
nnoing Il difncult to please them aud keep the
cost Within the limit usually fixed" Among the
more Important permits issued during the week
were the following w. p. Van Arsdall frame
residence at No 234 COLLEGE avenue. $4,000; VIM.
near Pratt, 81, 800; Mr. Cannon, frame cottage
nue., sl,soO; James NJ Layen. two
near Spruce street. $780, Ivsa Irving. two.
story frame dwelling on Central avenue. near
eevenlh street, 81 300; Hsnry Magee. frame
cottage on corner Vermont and Archer streets
sl,2OO; John Darius. frame cottage on Vermont
strset near Archer, 81, 200; Citizens Street
railway Company, brick waiting and carhonsc,
corner Eleventh street and College avenue &c.
poo q Elasr 81 Co, brick cyclorana.
NosL 90 20 IL Vest Market street. sc, 900; p H.
Jameson, repairs 10 brick block on South Illinois
etreet Between Georgia and Louisiana, 90 000
IL usually naturally follows that when there
Is great demand for building material il in
creases IN cest, but the reverse Seems to be the
outlook for this year. On the whole, IndianAp-
oils citizens will De able 70 build cheaper this
Year than last. With the exception of brick
material will cost considerably lesa eve arc
now selinR maseflai OF all kinda considerably
under last years prices" said q representative
of Coburn & Jones, .and the Indications are
that there will be no advance in price. The de-
nnnd has never before been so great at this
season OF the year" When the season opened
last year the lumber dealers were organized un-
der an Agreements 10 maintain a schedule of
prIee1. Toward the close Of the season the or
genization was broken, aud an effort 70 reor-
gani2e this spring has not been successful, and
the consequence 10 prices have not been pat up.
Framing lumber, which brought SIT per thou
ThprR IN
been ar effort made to force MP the price OF
brick, because il looks like the demand 10 going
% exceed the number the Indianapolis yards will
be able 20 supply. but no great advances has been
made yet, and it 10 not probable that there will
be aEy Of much Significance. The taking out Of
permit for the Cyclorama. yesterday. which is