The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1892-08-23

lower per capita real estate mortgage
debt than those four states, . lower
rate of interest than Kansas and Ne.
braska and q higher rate than Illinois
and lows.
Then comes the statement itself,
prepared by George K. Holmes snd
John S. Lord:
THE FIGURES ANALYZED.
Missouri is one of the largest states
in the union. with a land area of g.
735 square miles and u population OF
1881 S4. Within its borders is st.
Louis, the largest city west OF the
Mississippi and the place OF one of the
earlier settlements. Kansas CITY, in
the newer part of the State. is one of
the young cities of the country. and
both Of these cities have contributed
enormously TO the real estate mort.
cages Of the State. Table l shows
thst during the dec ide ending De.
cember 81. 1889 the real estate mort
cages made in this state and mention
ing the amount of debt secured mum.
bered 1873, 0s5 and represented an in
CURED deb: of S537 ,O37, 724. The
amount of debt Incurred in 1888 was
l24 AZ ,939 and. with the exception
Of single falling of from 1883 to
1884, the amount of debt incurred
each year exceeded that of the pre-
ceeding year to 1887. when the
amount rose to s92 699, 697. The
smount in 1888 dropped to s66. 1884,
949. but in 1880 rose to SO,O15, 743;
So that the Year 1887 marks The eli
max of the mortgage movement with
the marked decline in 1888 and q
decided upwsrd tendency again in
1889. In this respect Missouri is like
Nebraska and Tennessee. Kansas
and Alsbama ash had each a mort
gage climax in 1887, but, unlike the
other states named, show a continuous
decline in the mnrt. age movement
IRON that year to 1886 A general
upward movement to 1889 is found IN
Ii inois and Iowa. The 2S4 mort
cages made in Missouri, MT stating
the amount of deb; scared by item,
are MT inc,nded in sry totals but
their own, except in the number OF
acres and lots shown in table /, au.i
except when otherwise mentioned.
VARIATIONS from yesr to year in The
number OF mortgages made CORE
pond closely To the variations in the
amount OF debt In 1880, 3l.717
mortgages, stating amount OF debt
were made &c 295 mortgages in 1887
and 81, i03 in 1856 The nunbe- of
mortgages IN ,de in 1889 gained 50. 81
per cent upon those made in 1880.
the amount of deb. incurred 235 ID
per cent. During The 10 years pre-
ceeding June /, 1890. III population
Of the State increased %. 56 per cent.
There are no statistics with which 10
compute the ratio of Increase OF the
value of resi- estate
MORTGAGES on ACRES.
A debt OF 1888, sol $50 was paced
on acre tracts duriag the ten years.
or H Cd Der cent IN tie total for acre
tracts and Its, ard this amount was
represented by 263 7s1 mortgages. or
d % per cent Il the totsl number.
In the annual movement If mortgage
Oh acre. Missouri is similar 10 Iowa
On the acre tracts Of the former state
Il debt of Si3, 429 ,369 was placed in
1880; the amount ircrea Ell to S24,-
S14 ,629 in 1888. There was a d.
cline from the amount of 1883 in 1854
snd 1885, and then an upward ten
,iency to s3i S75, 4S9 in 1887. winch
was TIE lsrsest annual amount of the
d' cade. In 1889 the amount wa.
S27, 74S 100 The acre mortgages
numbered 81 GIL in 1880, rose TO
2S,S 25 in 1886, the highest point of
tie decade, and were %, 794 ia 1889
The increa-e' smount OF d. BIT on acr,
Incurred in 1899 Was i06. ~ per cent
over the amount of 1850, in number
of mortgages on acres SO "A per cent.
MORTGAGES on LOTS.
OF the total amount of real estate
mortgage debt incurred during the
ten years 1927 ,226,174 or 30 80 per
CENT we're on incumbered lots. The
amount Incurred in 1880 was sIG.-
1850. In 1887 it wrs S57. -734.-
2Os. which was the largest snuuaI
amount. and, after falling to Sal ,S2l,-
4o4 10 1888. the annual amount rose
again to S53 .167 ,613 ia 1899 La
1880 10, lO6 lot mortgages were made.
Ia 1887 :he number was 80. 5S3 and
and in 1889 it was 80 .309. The gain
in number o. mortgages in 1889 over
those Of 1880 was 229 60 per cent, IN
amount OF incurred debt 1926 per
CENT.
During the ten years 26, 193, 263