Omaha daily bee., 1892-04-24
OUR CLORI, of REAL ESTATE
-, . tuIit =
That of the 0nnha Sort Makes an Ex-
cellent Peshanent Investment
MUCH PaoPERf4 IS CHANGING HANDS
Some Deals 6t, the Woodworking for a
Freight i,preau-Somo Individual
opinions-.ii Ciearings for
Five Days.

The almost continuous rain fall during the
first four days of the woek, with the accom-
panying mud beyond the paved streets, was
decidedly uufavorablo to any activity in tn g
realty market The best of property cannot
be expected to look inviting in the midst of a
rain storm. However, some business was
transacted and negotiations were gotten
under way looking toward still further deals
in the future.
The fact that real estate dealers are feeling
more confidence in the situation and that
they are all busily engaged in some particu-
lar line is very good evidence of renewal
of real estate activity. The sentiment is
rapidly spreading that Omaha real estate 10
AT the bottom notch and that the present is
tho time to mako an Investment.
The action of tho banks in reducing the
rate OF interest paid on deposits will have a
tendency to force Idle money into permanent
investments of some kind and with good
outlook for city property much - sis quite
likely to go in that direction.
The assertion made short tmo ago that
eastern capitalists for various reasons
pointed out at the time, were looking toward
Omaha AS an inviting field for investment is
stlll further proven by the attention that is
being given to this city by eastern real estate
publications. Anything bearing OH the real
estate situation In Omaha is eagerly picked
up by these journals and given WIDE pu olicity.
The articles published in The BEE on the
SUBJECT have been copied entire by several Of
these papers.
Harry d. Reed is at Washington, D. c.,
looking after real estate interests.
one OF the most notable transactions Of
chase by A. j. Hanscom from j. S.
Mccormick, OF l5S feet front Harney
street between Thirteenth and Fourteenth
streets. The consideration was $4,000 in
cash and forty-four feet on t'arnam street,
next to the Wabash corner" 1t is under
stood that the purchase Of this ground is the
first step toward the building OF the finest
hotel in the west.
Real estate men express themselves as
highly gratifed at the action Of The BEE in
bringing to the attention of the public the
fact that Omaha real estate is good property.
Residents of Dundee place are very much
Sratified over the opening up Of the motor
nne which brings this addition within easy
access OF the business center of the city.
j. D. Gibson asserts that he has noted an
increased demand for houses in the north
part of the city,, Speaking of tho interest
which people outside Of Omaha take in the
city, Mr.. Gibson remarked that the best sale
OF property that he ever made was due to an
item published 10 The BEE, which attracted
the attention or an outside purchaser.
Anes reports the,sale OF a lot 66X132, north
side OF Chicago street and between Four
teenth and Fifteenth, to an outside buyer at
Sl2, 900. Also lots in Melrose Hill, West Side,
Junction View Terrace and Cote Briliante
aggregating Sl2,0UO.
Potter & George Co. sold lots IA and Is,
block 10, in their addition to East Omaha at
800. Also lot 90, block 3. in Steel s. Woods
addition to EastO Omaha at $1,000. The last
mentioned lot faces the motor line on Locust
street and is abopt one-half mile east of Six
teenth street. N. II. Howes of this city was
the purchaser.
A. p. Tukey sold four houses and lots IN
Clifton Hill ranging in price IRON $1,000 to
s., 500. These sales. were made on small pay
ments tothien seeking homes in ,On}aha.
w. L. Selby is Just completing very fine
$500 residence in Dundee Place.