The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-24
BUSINESS BUILDING SOLD
Iron Block Purchased from MIR. d. P.
WATSON by Yandes and Hubbard.
Other Notable Sales Made During the Past
Week-General Real Estate Market
Eight Per Cent Building Stock.

Among the level-headed real-estate men
the impression is generally prevalent that
the further plating of f~ar-outside addi-
tlons should be discouraged. IS Indisnap-
oils already has q sufficient number of lots
awaiting purchase and improvement by
home-bullders. Inside property is in fairly
good demand, and the prices asked and re-
ceived are considered exceedingly reason
able by those best qualified to judge OF
real-estate values. The transfers for the
week aggregate a good figure. though COM
posed. for the most part, of small proper
ties. On Saturday last there were twenty
five transfers. with q total consideration Of
$3.50. 147. 55. the largest transfers being those
Of Margaret Il. Dunlap and others to James
f. Roberts. part of lot 10. In square IS
bee Hive corner. $4,000; Jacob +. Helm
to Otto %Stechhan. part of lot /. in square
63. S4l 900. corner of Alabama and Washing
ton streets; Horace r. Allen to the Eli
Lilly Company. the property at tho north
west corner of Delaware and Seventh
streets. s1s. GOO; Susan McKernan and others
to Charles Scholl. the corner at the point
of Indiana avenue and New York streets,
$4,000. On Monday there were forty
transfers, with a total consideration
of el53. $50. The largest Of these were the
conveyance of Francis NJ. Chnrchman AM
others to the Premier steel-works of the
rolling-mill property S65, coo; that of the Eli
Lilly Company TO Horace X. Allen of the
property at the northwest corner of Ohio
and Tennessee streets, the site of the new
Surgical Institate, $4,000. On Tuesday the
transfers numbered twenty-one; total con-
sideration. s3i.426, the largest being the
Eitel of part of the west half of the north
west quarter section "a, 14.000.sO On Wednes-
day the transfers numbered twenty-five;
consideration So. 765. 30. the largest being
the conveyance of a. l.. Roache TO Henry
Schurmann of part Of lot Z. In Reaches sec
ond addition. On Thursday there were
sixteen transfers, with q total con-
sideration of s70.652. The largest of
these were the conveyance by John
II. Vajen to George w. Stout of seven
of Fall creek. and adjoining the water
works property, for $50, 500. Mr.. Stout also
bought an adjacent piece Of Edward Schnr-
mann for $4,000. 1t IL understood that
these properties are to be plated for city
lots. The transfer of the Beatty property.
igan streets, to Emory Panther, S14. 500, was
also recorded. On FRIDAY the conveyances
were fourteen In Der. the total constd-
GRAFTON being only S2?,49l.
~ Il Il. I'LL dkcnCy pCIlCStCu q
good-sized deal yesterday in the sale by III.
Z. WATSON to Simon Yandes and VIM. 5.
Hubbard of the Iron Block. Nos. Q and II
West Washington street, consideration
SgS. 900. This property was bought by Mr..
WATSON soon after the memorable fire Of
March IL. 1890, but he found ii too small
for his dry-goods business. Later on
Henry Severin and Silas Il. Bowen erect
ed a building on the site of those destroyed
that suited his purpose, and he had nc
further need tor the building he has dis
posed of.
The Morton Place colony" is the latest
neighbors who will be to ones liking.
This is a syndicate of young married men,
fifteen in number. who have bought lots
in Morton Place aud will build houses OH
them. Among the members are +. &.
Darlington. Hervey Bates. jr.. Geo. c. Hit.
Will J. Brown. Robert M%artindaIe and
Charles Martindale. Thus far over fifty
lots have been sold in Morton Place. There
will be no.business houses of any kind in
the place. the dead lines to groceries