The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-05-25
FORECAST OF THE FUTURE
A REAL ESTATE AGENT SATISFIED
WITH HIS PROSPECT.
An Active but Strong Market Has No
Terrors for Him, as Substantial Prices
and Prospective Manufactures are
Assured-Hie to the Fort.

Readers OF THE APPEAL cannot fail to
have high appreciation of real estate as
first-cass financial investment, In all its
publications on this subject, there has
been exercised the greatest caution to re-
irain from saying anything calculated to
mislead the public either at home or
abroad, Perhaps it would be strictly accu-
ratio TO remark that all the statements
made have been very conservative. The
fact is, there is not city in the country
where the growth is more rapid and sub
stantial. That real estate values should
move accordingly, is only reasonable. Hun
dreds and thousands OF people, home and
foreign, appreciate this fact, and are gov
erned accordingly. There is nothing fc-
titious in all this profitable activity, it has
come to make the city its permanent abid-
ing place. With broad area Of the finest
territory in the world, and manifold trans
portation facilities, the city is pre-emincntly
entitled to this gratifying state of affairs.
Real estate agents, of whom there are
many, are elated. One OF them, gentle
man OF mature judgment and lengthy ex-
perience, was approached by an APPEAL
reporter yesterday with the familiar query,
GLOW is real estate?"
"Actiyc, but strong" said the agent.
"If you are unfamiliar with technical
terms, will explain that there is a fine
demand, but prices are not agreed upon
by owners and would-be purchasers.
SIS not this calculated 10 retard the
city's growth by driving away pur-
chasersp
Perhaps so, in few instances, but not
IN the long run. However, j will say that
the agents have nothing TO do with this,
acting, as they do, solely for the owners.
But do you know that our market closely
resembles that OF New York and other
eastern cities. was just noticing the real
estate market reports from New York, and
il was recorded active but firm.
How have prices ranged so far this
season."
"You will be surprised TO learn that they
have advanced in some cases, beyond
those OF last year. Bearing in mind that
the season is young, and activity has not
set In with the strongest vengeance, i dc
not see why we should feel gloomy OF
doubtful rs to the future. / would not ex'
change the prospects OF Memphis for any
city with which am familiar"
"Why do not the real estate men take
definite steps toward locating manuiacto
ries in and around the city2'
"In line with that question, may him
that the public has not been acquainted
with the steps previously and now beinl
taken 10 meet the emergency You suggest
We all realize that Memphis is destined tC
become a manufacturing city before many
years have rolled by, but have not been
courted 10 remain idle and wait for the in
cvitable 10 arrive on its own good time
Correspondence has already been had Will
n number Of both old and new concerns
and encouraging replies have been re
ceived. expect 10 see some OF these en-
terprises locate here in the near future, o
at least branches OF them. Inducoment
have been held out that cannot fail 10 al
, tract, when taken with the advantages nj
taching 10 the city. IL IL not likely tina
the summer will pass without finding REP
resentatives OF leading manufactures o
the field prospecting and arranging detail
> for ultimate location in our midst u
the way, have you been in Fort Pickerin
recently3"
Tho reporter confessed that he had moi
"Then you have failed 10 note revolt
! tion," continued the real estate man. 81
, presents every appearance Of thriyin
little manufacturing city, and is in marke
contrast 20 the purely commercial metroT
lis OF Memphis proper. You should Wis
it,