The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-27
WAS A PROSPEROUS MONTH
Better Real.Estate Business than Usual
During This November.
Mostly Made Up of Small Sales-The Iron
Block Deal-Demand Continues for
Downtown Property.

The end OF November, which is accounted by
realestate agents the last Of the fall months,
has closed on the most prosperous late-summer
era or trade that the city has known since the
panic OF 1872. One agent said that the month
of October was the busiest and most prolific of
sales Of any of the entire season, and
OF November he had no cause to complain.
The cessation in the activity and volume of de-
mand Occasioned By the excitement Of the cleo
ton and its subsequent effects, owing to the
change in the administration and the uncertain
ties of future policies, is q thing Of the past, and
that activity has been renewed with q vigor
nearly equal to its former. An immense amount
Of property has changed hands, but it has
is,la "rnne moS' part pieces OF so
no comment The one bright spot that
stands out i'll relief is the sale of the Iron Block
by Yandes and Hubbard to John NJ. Butler, the
consideration being $4,000. 1t is located at
9and IL West Washington street, and Is occu-
9 9isd b ig s = en soWsn xi,s 1ha Company Com ANY,, One On Incl.
by c. +. Sayles, shows how the values
OF downtown property have increased within q
same piece Of property was offered by the
agency OF c. E. Coffin to Alpheus Snow, John NJ.
Buffers son-frriaw. for the sum OF $lO0. 600. He
said at the time that 1t was altogether too much,
and that he could not consider the purchase at
that figure. The sale shows the difference.
The demand for downtown property still con.
NUS bat "A oaBPAl ~ AhaAAs 4nOoC ii OAu
II seem to feel that their investments are all that
can be asked for, and that to hold them is more
profitable than TO sell.
The remodeling OF the Coffin Block, on East
Market street, 10 opening up another lot of mod
ern Office rooms, and they are being rented rap
idly. showing more conclusively than ever that
the demand In that direction is still undimin-
ished.
There is little doing in outside property beyond
the exchange here and there OF unimproved
properties, and the usual amount of building that
goes on In the winter months, though the latter
Is somewht In excess OF former years. Agents and
owners in the suburbs who have been LAYING
mines and counter-mines to induce the street
railway company to increase the number of its
rapid-transit lines, even in the few hours that IL
management of that company augurs good for
their cause, and yesterday saw a dealer already
drawing up an outline OF his wants. December
and February are the dullest OF all the year in the
realty market, and little Is expected OF them.
The prospects for the opening OF spring trade
were never brighter. 1t is believed by many. if
not all, that next season Will show q prosperity
In excess OF this year which this year has
shown of last. Building next season promises
to be very brisk, though those who have had
plans drawn up and the architects will say little
about them as yet. owing to o possibility OF some
change in purpose or plan. The project which is
causing the most interest just at present is the
remodeling OF the Denison Hotel. A new wing is
to be built on the OhIO-street side and an adj
ditional story put on the whole, beside many in
terror improvements. It will make 1t one of the
finest hOstleries in the West and swell the num-
Der of Indianapolis excellencies. In the erec-
ton OF dwellings the most conspicuous will be
that of Col Eli Lilly. 1t will be located on
North Meridian street. Just above Fifth. and the
probable cost will be $4,000. Many others are
among the probabilities, and the prospect is that
indianapolis viii soon lind her present clothes
too small for her.