Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-23
REALTY AND BUILDING
Why Outsiders Value Fort Worth
Realty so Highly-GOod Reasons.
Armies Of Zen at Work Developing Eas. and
West Fort worth-The Brewery Con-
tract-A Paper MIL.

All the real estate men in Fort Worth
say the same thing now, that is that
there is much inquiry for real estate,
and q number of sales being made.
There Is reason for all this. 1t is that
Fort Worth property is cheap. Populn-
ton gives value to real estate IN or near
q city, and the men from other states
who are buying property here recognize
what some OF our own people do not see
they know that Fort worth's population
will rapidly and largely increase in the
next twelve months. The rule In esti-
mating the value of business property in
any city is that q well located business
lot is worth $1,000 for every 1000 pOpula-
ton. That would make our best Main
and Houston street lots worth
$3l, 200. In some Texas cities
these prices are exceeded, while
in Fort Worth the best business
property is valued at SIS, 900 lot. There
Is a margin of SIC 900 between the pur-
chase figure and the real value OF the
property, and shrewd outsiders see this
and buy. II is q healthy sign that prop
erty In Fort Worth has not been doomed.
It 10 cheap to-day, IL Is the most deslrs-
BILE investment in the entire country.
There is more to base values on in Fort
Worth than n any Texas city. The fac
tories are beng secured, the wage work
ers are here, the payrolls are growing
larger and larger, more and more busl-
ness IL being done. The CITY Is the
best governed municipality in Texas.
Taxes are therefore lower than In any
city in Texas. In one year 81 200 200
of outside capital is placed In Fort
Worth. It Is active capital and shows
on the assessment rolls. No wonder
then that the Fort Worth real estate
market will be active in September and
is active now.
THE WEST SIDE.
The pay roll Of the Chamberlin invest
ment company amounts to 5000 a day,
and this money goes to men who spend it
in Fort Worth. Arlington Heights Is a
busy suburb. Miles and miles OF
trenches are being opened for water
mains, force of men are putting in the
foundation of the water tower which will
be ninety-seven feet high, the dam
which will make Lakes Como and Garda
Is being finished, streets, avenues aud
boulevards are being built. Electric
cars are running and 1000 people visited
the addition Sunday. There Is strong
indication that many elegant houses will
be built in the addition this tall. The
hotel to cost SI0O, 900 will be well UNDER
way in October. The world moves and
so does Fort Worth.
sYLvANIA CAR LINE.
Forty teams are at work near the
Riverside bridge grading for the Sylvania
electric street car line. Rails and ties
are on the ground, the company has
purchased all the right of way and inside
of two months the fourth electric street
car system in Fort Worth will be In
operation. It IS probable that this line
will be extended as soon as necessary to
the cotton mill addition, and also the
pork pack cry and Union stockyards.
NOTES OF PROGRESS.
One real estate man yesterday had
calls from gentlemen living in Washing
ton state, California, Philadelphia and
Boston. They came to investigate Fort
Worth and the Panhandle.
L. NJ. Horton, for years citizen of
Dallas, but for years past living in Los
was in Fort Worth yesterday.
He had not seen the city for four years,
sold his property In Dallas, he comes 20
Fort Worth to invest the proceeds. He
says this city is the livest business place
be has seen in all his travels.
The $50 200 high school building is
to the top of the second story.
In two weeks Fort Worth will be the
best lighted city In the South.
The work OF exoavating for the ak
;tor, structure TO go up on Main and Sew
suth has begun.
Work on the Boaz schoolhouss il well
under way.
T. B. Collins is building q two-sto
store house on East Tucker street, South
side.
A Central IRE station ssvsnty-fve feet
front on Rusk street, Ia among the i'm
mediate probabilities.
Hyde Jennings has about decided to
build his Main street store house four
stories high instead of three.
On Thursday next the brewery con-
.ract will be let and on the following
Monday work will begin.
Fort Worth will have paper mill.
The matter has been arranged.
RECORDED TRANSFERS.
Mary Candy to Claiborne San
didge, 150 acres Hiram Lit
tie league survey. S 8 1000 90
3. E. Powell ct al. to G. d.
Hornbeck, lots 81 to "a,
block Il, Paramount addI-
ton ................... -. 1000 90
Mutual 8. and L. Co. TO Louis
g. Munford, north half lot
addition 49,. -. $500 90
A. P. Lucket to W. Il. Gran
ger, lot 4, block z, Field
WEIGH addition ......... 500 90
Malcolm Bliss to Frank L.
Shackett, part of lot block
8. College Hnl adaition.. $500 90
same lot. ............... :. 1000 90