The herald., 1897-11-04
THE INVESTOR
CONDUCTED A. DoBINsoN
CONDUCTED BY 0E0. 4. DICKINSON

Plans are being prepared for two-stor,
residence for A. w. Paine, to be erected al
Twenty-first and Union avenue, to cost
about $4,000.
j. H. Seek has had plans prepared fol
the erection of several cottages on Thirty
first. near Grand avenue.
George w. 6timson Is having plans pre-
pared for three two-story frame residences
to be built in the Victoria tract. located
between Twelfth and Pico, fronting on
Alvarado. He has also commenced work
on the erection of an eight-room two-story
residence on the east side Of Orchard ave.
nue.. near Adams. to cost about s240o,
Richard Altschul reports the following
saIes: Lot corner Fourth and Cummings
81, 1000, to Martha O'Hara. Lot on Figueroa
near Seventeenth. for $500. to H. w. He'll.
man. man. House and lot, Pico Heights. for
$7s6. to Mrs. L. A. Parks, and three lots
In WE'LL tract at $500 to 1876 each.
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An eastern journal says that the build
Ing season of 1897 began SO late in the states
OF the central west, and SO many important
projects were launched so tardily that a
very active winter in building circles Is
pound to he the inevitable result. A num-
Der OF six, eight and ten months enter
prises were put under way in August and
during the last month, and these things
are certain to keep subcontractors and
building material folks hustling. The en-
suing winter Is certain to be the liveliest
winter in several years for building opera
lions the country over.
= 4
The present might properly be called the
nat age, says the Minneapolis Improve
ment Bulletin. Every large city in the
country Is being invaded by the modern
steam-heated fiat to an extent that is well
nigh revolutionizing life and property. The
smaller cities, and even small towns, are
beginning to catch the fiat fever. Builders
and investors have devoted their attention
mostly to meeting the demand for large
and expensive flats. There is a growing
demand for centrally located flats of a
pecially price. There Is a good chance for
judicious investment along this line.
In Chicago the feature of the loan market
at the present time Is the large number Of
borrowers for small amounts. who are
withdrawing from building and loan asso-
Citations and making straight loans. 1t is
not an unusual condition for borrowers
from building and loan societies to change
from that class of loan to a straight loan
as soon as the incumbrance against their
property Is reduced to such an extent that
they can make a straight loan. This class
OF borrowers. however Is said to be much
greater this year than for many years
past.
From reports received from 416 counties
In twelve agricultural states in the west,
ChtCQrn hat Il
been total increase In value of the entire
farming landAIn these states of 81. 900, 900 900
within the last year. The states are Iili-
nois. Indiana. Iowa. Kansas. Michigan.
Minnesota. Missouri. Nebraska. North Da-
kota, Ohio, South Dakota and Wisconsin.
The 416 counties in these states from which
figures were obtained contain 1872, ,524 562
acres of farm land worth on September /.
1895. $3,376.722,206. The estimated value of
these lands on September l. 1897. was $3-
SS6, ,391 ,S04, an increase of $474, ,745 24O. This
is an increase of 1858 an acre. or AL per
cent over the figures of September / last
year. This great increase is due not only
to the abundant crop of 1897. which has
enabled the farmer to liquidate his mort
gage Indebtedness, but to the enhancing
value of farm lands. The reports received
from the farming districts Of the west bring
out the gratifying fact that there is an
increased demand for farming lands. AL
most without exception the reports show
sales to be heavier at the present time than
a year ago.
ASPHALT STREETS.-The figures be-
low are from data up to January l. 1897
except for Washington. which includes
work completed up to July 1, 1897. In Buff
falo. since the first of the year, there has
been as much paving done as in WASH
lngton, and the difference between the two
cities remains practically the same. al
though Buffalo's exact mileage is not OBJ
lainable. The following are the figures,
In mileage and square yards. of ten cities:
Buffalo, S,005.645 square yards. 200 miles:
2,761, ,75b square yards. 1908
niles; New York, ST. 467 square yards 46
u miles; st. Louis. 199.053 square yards. 13
niles; Omaha, 469. 700 square yards, 81 miles:
Newark. N. j., 1884 square yards 10
niles: New Orleans. PSI. 1923 square yards.
Y miles: st. Louis. 199.05S square yards. IS
miles; Topeka, Kansas. 194.633 square
Yards, 10 miles. Washington's figures in
,lude asphalt, asphalt blocks and coal tar.
Post, Washington, d. C.