The Providence news. (Providence [R.I.]) 1891-1906, 1895-11-22
DullneSS Prevails in Real
Estate Market.
One Man Who VIII Not Sup
port Goo Goo Candidates.
Fakirs and Licerses--T00 Nice for
Party Caucuses.

Dizziness characterized the condition OF
the real estate market at present and no
real activity Is looked for by agents and
brokers until March next. In Provi-
dence the bulk OF the real estate business
IL transacted between March and August
There Is come trading In the other
months, but as a rule II Is unimportant.
Prices have ruled fair and are based upon
q gross interest of ten per cent.
Investors in real estate look for q
larger return for their money than do
those in other lines and the agents claim
they are entitled 10 IL. IL is q. fact, how
ever. that although the gross amount
resiized Is ten per cent. the net revenue
Is seldom much over six per cent.
There are expenses incident to the own
ership OF rental property which are not
represented by taxes, water rates and in
surance. A change of tenants, in q ma
Jority OF instances, Involves the making OF
repairs. while there is always a chance
that the property may remsin unoccu-
pied and thus unproductive for a longer
or shorter period. Ali this the investor
takes into account and he will touch
nothing that will not yield him ten per
cent. at least, from which he calculates
TO be able to make q net profit OF six
per cent.
The management OF rental property.
particularly tenement no uses, has be-
come a regular business. Formerly the
owner looked after his estate personally,
letting the prsmises, collecting the rents
and attending to the making of repairs.
All this required time and labor which
the owner finds himself unable to give
without iniuriously affecting other in
forests, so he has turned that unoongeu-
isl occupation over 10 some one who
makes a regular business of IL. IL the
estate is largo one and the revenue
from rentals considerab Bile, the agent re-
fU fgA W.as nA.f ~ 1900 81
lscted as compensation for taking the
burden OF management off the shoulders
OF the owner, while smaller estates paw
ten per cent. Men who follow this BUSH
ness make a very comfortable living; but
they earn every cent they get, for there
Is no more difi task than keeping
tenants to time In the matter of pay
meDts, especially those who pay less than
tl3 or s14 a month.
The time is fast approaching when
Providence will have completed a sem
sibie system OF street numbering. From
tine time when numbering was begun,
almost TO the present time, the work was
done In the catch-as-catch can style,
which was little better than though ii
LAD not been done at all. Take Westmin-
ster street as an illustration. There was a
variation of from 20, to 30 between the
ot OhO 6i1O unt NnG II on
the o pposite side, when the difference
should not be more than one or two.
Thus q person who was looking for No.
200 and walked up the street on the side
With the odd nun bers would find, when he
reached 1872, that the lumber on the other
side was 23O, and back he would have
to go. This ~thoroughiare, the most i'm
portant III the city, was the hrst 10 be
numbered under the new system. Work on
Broad street will be begun at once.
For the purpose OF making the number
ing systematic the city has been divided
into three districts. The first is made
up OF the First and Second wards and
the numbers begin at the river on the
south and run north, and at the river on
the west and run esst. In the second
district. which embraces the Third and
Tenth wards, the Woonasuuatucket river
n mado the southern boundary, the streets
running in a mort nerly direction being
mum bered from 1t, while those running
east and west are nun bored from the
Moshassuck river. The third district
contains the Fourth, Fifth, Sixth,
Seventh, Eighth and Ninth wards and
the streets running north and south are
mum bered from the Woonasquatucket
river, and those running cast and west
from the Providence river. This Is a COM
prehensive scheme and when carried out
will be OF great assistance.
Strange as it may seem some house
w NV pun III w khSiI Il
houses because they think they will have
to pay for them. This Is a mistake.
The city furnishes nice bronze and nickel
numbers absolutely free. All you are re-
quired to do Is to aopiy for them at the
city hall. II is not at ell likely that
aluminium numbers will be shortly sub
stituted for the bronze and nickel ones. !
The latter after considera BILE exposure to
the weather lose their brig Illness and be-
come dull and and furnished. Those
made OF aluminium, however, do not
change color or become clouded, and as
the difference in cost is triiing the
latter will soon supersede those made of
bronze and nickel,
They were discussing the municipal
campaign. 81 suppose, ~ remarked the Goo
Goo candidate, 'that you are going to
help us ont IN election day. We're max
ing a splendid hight, II we win will
give Providence a better government
than any city IN the country. Therell be
no corruption with us, no trading on the
rights OF the people, no bolstering up
grasping corporations. OF course We can
count or your assistance?"
"Not mncb."
"why, don't you believe in good gov
eminent and an honest administrations"
81 believe ali that and a good dea,
more. l believe, for instance, that such
thoroughly good disinterested, unselfsh
and purely patriotic men a. you fel o vs.
claim you will be, 1! we will give you the
Offices, have never yet been created"
And then they parted.
The next time fakirs visit the city for
the purpose OF wheedlinQ nickels from |
the pockets OF school children by mesns
OF a cheap show and cheaper presents