The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-02-16
GROWING STRONGER.
The Demand for Property Increasing Wonder
fully in the Peerless Princess.

The Demand for Property Increasing Wonder
fully in the Peerless Princess
The real estate meu of the city are
among the happiest all round set of fel-
lows in Wichita. They are tickled over
the present condition of affairs and re-
joicing over the future, for there never
has been a time in the history Of Wichita
that prospects for a big business in that
/ line have been better. In fact, the present
| IS very satisfactory as there is an I'M
usual amount of property changing hands.
Until recently the sale of far ms
| far exceeded in aggregate value the
sale of city property, but things
| have changed, and while farm sales have
/ by no means diminished, the sale of city
property has increased wonderfully.
| Prices are steadily advancing, and the de-
! mand is increasing with them. Property
! that was priced at a certain amount Il year
| ago finds a ready sale now at an advance
/ of 90 and % per cent And yet the prop
| cray is so cheap that it would hardly be
/ exageration to say that it will have mar
ket value of 20 per cent more three months
hence than it has today. In fact prop
erty is considered snap now, and
few if any spectators who are
reasonable, fail to effect deal One prom
inent real estate man was asked questions
concerning the market yesterday by an
EAGLE reporter and he attributed the de
mand, which he says is quite natural, to
many causes. First of these is the new
railroad rate which will 60 into effect next
Saturday This rate is acknowledged by
even rivals to be the making of Wichita.
for it will bring commercial institutions
here that will establish Wichita
as the permanent market for
the entire Southwest This, he
states, is a commercial era, and when
spectators leave home for an investment
for capital they invariably pick out a
point which has commercial future. 1t
is not unreasonable, he claims to claim |
that there is no better point in the west
today in which to build up a commercial /
city than Wichita Kansas City and !
Denver are overdone, while Omaha is at (
the meridian, having reached the highest /
point she can attain. There is, then, An /
agricultural territory 700 miles wide and 4
from LOO to 200 miles long which affords /
room for q commercial city as great, at /
least, as any OF the cities mentioned +
Nobody, he said can think of
single point in this vast stretch of territory
more favorably located for such a city .
than Wichita There is no other city has I
had start enough to get there even if they T.
were eqnally well located which is not the /
case. Wichita has got the railroads rami- /
flying all the surrounding country; she has /
the contiguity TO the rich and populous !
districts; she has the key TO the great /
grain belt and she has the prestige and /
the energy to keep it, 1t takes no far /
fetched argument or speculative logic any ,
more to sell town property; all an 1
agent has to do is to present the I.
facts in all their simplicity and .
there is no mind so dull but what it can .
z rasp them in a moment. The location Of .
the four or five big implement houses here I
has been a great factor in the enhe ncement /
of property. Not because that many have /
located here but because they are bound 1
to bring all the Others and make this city
the agricultural implement mart Of the (
southwest if not the entire west. The in
creased. and constantly increasing bust
ness of the stock yards IS also another
great factor in increasing the demand for
Wichita realty This increase has just
only commenced.
IL the stock market interests OF Wichita
under an adverse railroad rate
in favor of rival markets. what will they
become after five days more when these re-
strictions will be removed and a rate Civ
en- that is bound to cause the unloading Of
every hoof of cattle and every head Of hogs
in the Southwest at Wichitas The estab-
lishment of the leading cattle market OF
the west will cause at least an increase Of
capacity in the packing houses of Wichita,
If not many more packing houses. Pack
ing houses cannot run without men: men
cannot livelwithout houses; houses cannon
be built on air. hence the demand for prop
erty viii increase and the price Of course
viii adTonce with the demand. An in
crease in the population Of the city viii
demand An increase OF business; an increase
of business viii demand an Increase OF
store buildings, and like tenements store
buildings conuot he built in the air. The
full assurance that the Garfield university
Will be completed az once and operated 10
its utmost capacity has also stimulated
the demand for property to a great extent.
It might be exagerating to say that the
student membership Of the university
VIII reach $3.50 al time
not 50 far distant bat it
is 40 exaggeratioa to say
that it viii reach 1853 That many stu
dents must have roofs TO shelter them. aud
every shingle put on viii enhance tne
value OF real estate. 4 dozen lines Of ar
Sument could be used 70 show that the
present activity Ia real estate circles is not
and that property is cheaper IN
Wichita today than it viii ever ssain be
in the history Of the city.
There VIII be a rehearsal Of the Twin
Sister, az O'Clock Wednesday morning .
Rev. II. " Gilbert and wife Of Burton.
Kan. spent yesterday ia the city visiting