The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-24
THE INDEX MEN TALK.
SITUATION AND PROSPECT OF THE
CITY IN A NUTSHELL.
OF Roai Estate Agencies
Disclose Their Experiences and Wen
Grounded Opinions TO an Ap.
peal Reporter.

While the activity In the real estate mar.
kct lacks all the gaseous elements Of boom
aud Is being conducted on a firm and solid
basis that excludes all harblngcrs Of col.
lapse, the transactions have been 10 numcr.
Gus and the aggregate for the week has been
70 considerable as 10 excite interest aud
arouse investigation.
The presence In the city Of agents Of large
corporations desiring 10 invest money In
loans on Memphis realty Is another evidence
that property Is considered n safe and re-.
muncratye investment and that n new era
is upon the municipality which, for sub.
staniial improvement aud comprehensive
expansion, has no parallel IN the history Of
the city. The opinions Of the leading real
estate agencies interviewed, submitted below.
will give a good idea Of what il thought by
those who have made the subject n speciality.
There are few firms who do not appear be.
cause some prefer silence At present, but
sufficient have expressed themselves 90
cover the general sentiments Of the whole
number
AVERY mos,
No. y Madison strcct-Quiio an activity IN
real estate and especially w residence prop
crty. Renters seem 10 be awakening to tile
fact that u il more prudent t0 buy q little
home than a. pay cSorbitant rcnts and con
scqucntly thcrc is good demand for small
lots and homes Thoro ufu some Inquiries
for manufacturing fiics aud warehouse pur-
poses. We are figuring now ON sito for
large warehouse. Tho demand seems 10 be
more In the eastern portion u the city than
elsewhere, aud We have made spmo number
ono sales In that locality within the last few
days averaging from ESQ to - foot Tho
prospects for the increased demand arc good,
aud we have no cause 10 gfumblo at the way
Il is being distributed.
ALLEN TiNiEY,
No. 10 Madison street.-the feeling u better
and moro hoalthfil Ia real estate matters ihan
heretofore aud this became pcrccptihlc dis.
tinclly within the last ten DAYS. Inquiries
arc numerous Tor homes aud manufacturing
sites, aud the feeling generally u better.
The outlook j. cncourlgirR aud We believe
the inquiry Tor Memphis property will con.
tlnuo steady aud regular In The future
IN. WHITE 4 CO.,
No. . Madison street, consider the outlook
moro favorable than ever before. believe
business l. on a better basis The Inquiry i
principally for residence property, aud all
classes are purchasing. S0mc very wealthy
people have come to the city seeking homes
and Others Of moderate circumstances like.
wise. People generally believe that money
put In Memphis real estate b. good invest
mont do myself aud, therefore, nave not
been pressing what had, priCrrng 10 hold
u for the better prices that ] ana surc are
coming.
hh c. y o'EEErE, coNAwAY RIAL HrATE
COMPANY
No.2sj Madison street Our lust months bus
incss has been m Improvement over The cor
responding month in ltsi.a Inquiry u
principally confined 10 Improved property |
hnd the present outlook y favorable t0a
very active and extensive f'n.un ~ ile real
estate business People aiy investing ~ real |
estate ~ a permanent Investment h,d they
prefer Improved property Why b,cause
There u more speculative value W. uhlil,
proved property. When u bou-e u erected |
on n lot speculation crasr. You can soon |
learn what tie house aud loi viii cost yon |
aud what Il II wmth w rnls then you
have its absolute value " hn Investment
horc salarlod ineii an snail mcicha.'b afe