The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-09-18
MARKET FOR REAL ESTATE
Dealers Notice a General "Perkiness" in
Business as the Summer Wanes.
Some Large Transfers During the Past
Week - Suburban Lots for Home
Builders Again Becoming Active.

II there is a defnabIe thing that makes
that thing has appeared in the real-estate
market. That. at least. is the version OF
the major part of the traffikcers In plated
dirt and the structureson it. They describe
trade as having q general "perkiness"
TO it that it did not possess
ten days ago. The causes are
several. In the first place. autumn and
autumn weather is here. That means that
the business men and men OF means are
now reasonably certain that their re-
spectIve wives have done going to the sea-
shore and dragging them along, and that
they Will be allowed to settle down to earn
poorer man thinks of winter, with
these chilly nights, and is begin
ming TO scramble around to meet II.
But this activity is like the mills OF the
gods-it erinds but slowly. though In the
end 1t may grind exceeding strong" IL
has TO grow gradually. and where one
dealer - oun who has made several
lucrative sales both TO himself and Gus.
toner. one is found who still protests or
the unfitness of things. and the real estate
market In particular. There 10 q con-
siderable unimproved ground being
purchased on the North Side, by
parties who intend TO bni!d. that
the bulk of the business Is of q su hstantial
nature aud not too speculative. Walkers
Prather sold four such pieces during the
last week. and all will be built on. The
property-owners in Woodruff have some
thing to speculate on in the contemplated
wing. Should 1t be- done, il will have the
effect of depreciating values, but
its residents are not yet ready
to give up their .excinsiveness.
The transfers of the week show q very
fiattering aggregate over those OF the last
They were S2z1. So7. with some single sales
hat are lareer than have been put on the
record books for some time The largest
of the latter was the nominal transfer OF
the Empire Thrater, the consideration be-
ing S47.500 The nexs in size was the sale
of SO veral lots in the M~artindale addition
by w. o. Deyay to Nathaniel Hyde. the
clergy man. The price was $4,000. Inc
remainder of the sales were in lesser sums.
but IN sufficient numbers to cheer up the
heretofore disgrnntled dealer.
T
Ground is broke on North Tennessee
street, just opposite the State-house. tor
the eight-story business block to be erected
by George RhOdius. 1t Is expected TO get
1t completed this winter.
One of the most substantial buildings on
the south Sid. has been completed at the
corner of Virginia avcDue aud Coburn
street. 1t was built by William Schreiver.
is four stories In heIRht and will be used
for warerooms and offices.
The time of the completion OF the monu-
ment and the Identifying of the Circle has
now come SO near TO hand that the human
mind can estimate it. aud lt is expected
that property around il Will soon be get
ting ready to jump upwards
Building Inspector FItchey said yester-
day that, though permits Tor the past week
were few. he never knew of more building
to be going on at this time OF wear. 1T is
mostly In smaller structures. residences
and small ware-rOOms, hut. taking them
all together, they amount to something"
he said.
The building being erected by Michael
Downing on North Meridian street ie be-
ginning TO erect it's head in the air. IL will
be four stories in height. the lower one TO
be used as a sale stable. The lodge of
Elks have rented the two upper floors. and
will move into them Oh the completion of
the building.