The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-24


| purchasing houses than ever before. Peopl,
with surplus money are putting Il IN rca
estate as they have never done before HON,
| confidence Il greater and Il inspired by ~,
wonderful progress made IN thc lnst fow
years by the conceded fact that Memphis I.
the hest located city In tho South aud hy
her freedom from cpldcmlcs The feeling Of
increased confidence is general, and invest.
mcnz aro being made.
N. q. sELDES, No. 2S5 NAtx.
have seen nothing of the phenomenal
boom spoken Of by some people. I have
been quoted by morning paper ns having
made big sales | never saw the reporter
aud mado no such statement l am always
willing 10 acknowledge largc sales when
mako them but in this instance did not
Yes, am making some snlcs NJ good figures
] expect that next month will be- an i'm.
provcmcnt ON preceding months, but eN-
pcct no boom and want no boom. liooms de-
not help they hurt n city. There il nm In.
crcasing Inquiry for aud a better feeling IN
real estate circles, which expect 10 soc con
tinuc.
Nm. oucHRisr A CO.,
Masonic Temple. Madison street, think
We can safely say that real estate business
j. better in Memphis than ever before our
real estate market II firm aud on u solid
basis, aud business transacted now means
more than would appear from a superficial
glance. Our sales last week amounted a.
50. 500 and these sales are only precursor
Of what u coming Most of thee transfcrs
we're made for property on Union slr'et aud
Mississippi avenue, aud IN this direction the
Inquiry seems 10 tend. ] have bccn In
every city of consequence In the
country, aud made Il my business
10 investigate aud compare the comparative
values al "a each fiN aUM
find that Memphis property h by lar tlio
cheapest Of any city Of III size aud prospects
IN tile country. This u one aud the most
patent cause ~ the present activity in real
estate. Property u cheap, Notwithstanding
the late advance, aud people nro finding Il
out We have every reason 10 believe that
the present activity will extend through the
season. aud that tie era Tor the expansion of
Memphis 81 a city commensurate with H.
natural advantages has begun IN earnest
niSrEn PARKER,
No. 2s0 Main strcct-Roal estate business has
been exceedingly hno and has Increased con.
sldcmbly within the past four or i've weeks.
While the speculative demand u not wholly
extinct, " u not active ns ID formerly used
30 be. The principal Inquiry u Tor suburban
property. This u being purchased by homo.
seekers, many ~ whom arr snlaricd men ~
small merchants Property Of this chamc.
Ter, offered ai fair valuation, finds a ready
sale Of course there u much property upon
which fancy prices have been placed which
finds no buyers. There are some inquiries
for warehouse and manufacturing sites The
activity In purchasing houses noticed
among men Of moderate means II fc.
snltnnt from the recent facilities of.
fcfed by corporations TINT lend money on
rralty and built homcs, o. I have been
doing fof twelve Year., for those who desire
them. Men Of small or moderate means are
taking advantage of these facilities aud a.
curing themselves houses on Easy payments.
In my opinion the greatest drawback 10
Memphis has been the fact that real estate
could not be given In collateral for money.
and when n man owned a lot he could not
borrow enough money 10 build n house by
giving II o. security. and this prevented
many from building. There 4 nn inccssant
demand Tor houses 10 rent Any house n
good order that 10 offered Tor rent need not
remain vacant twenty four hours for want
Of good paying tenant The outlook IA
quite promising on the whole.
y. u. THOMAS A CO.,
No. 5lf Madison Street, have this 10 sny
about Memphis real estate. from actual
investigation and comparison of figures on
realty between this city aud other cities,
similarly aud less fayoubly situated, I hnd
that Memphis property today IL 90 10 100 per
cent. cheaper than anywhere else. Some of
our home people think property high. This
u because they have been accustomed 20
such unusually low pficcs Memphis has
never had the facilities fir purchasing
property which she has now. Real
estate las never hsfstofore been
collateral Loan aud Investment CON.