The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-11-17

Esfate Market - Many Are Buyinl
homes For Fear That the Prices VIII
Advance to Figures Out of Their Reaci
| During the Last Month There Ha
| Been Many Mortgages Cancelled
Between the 18th of October and tn
18th Of November Wichita and Sedswicl
county farmers and property owner
| have cancelled mortgages to the exten
of 500, 800 This is dissolving partnership
with that old arch enemy OF the average
Kansan with alacrity. 1t is cleaning III
and keeping money at home. Mortgages
are being cancelled in Sedgwick count,
! at the rate OF over million dollars Z
year. A prominent business man sait
| yesterday that the bankers were having
hard time ioaning money as times were
SO much improved that no one had Z
| borrow money, as they had il themselves
One more good crop, he said, and Kansa;
I farmers and business men will be send
| ing money 10 the east TO loan instead Of
them sending it here, as they have done
in the past. When asked to what he at
tributed the payment Of so many mort
gage claims, he said Good times brought
about by the election Of Mckinley, good
crops and good high tariff"
The abstract firms are putting on more
men and they are being kept busy from
early morn until late at night recording
the transfers and noting mortgage re-
leases. There are real estate deals be-
ing transacted every day, there is no let
up and no indications that there will be.
And there is no reason why there should
be. 1t is a strong, healthy activity in
realty. People want homes and they
know that there is no city in the coun-
try that compares with Wichita as a
place in which TO live. Others are seek
ing good investments, and they can find
no place where the indications are so
strong and bright for gigantic metrop-
oils as has Wichita.
An Eagle reporter called on few real
estate brokers yesterday, who gave out
the following deals which had been clos
ed. Not one but who said that they had
any number OF deals which were on the
taps, and they felt sure that they would
be closed within the next day or two.
Mr.. 2. I. Spencer yesterday sold a
piece OF resident property on the West
Side, near the University, TO Gertie Hill
The property was owned by an eastern
firm. On Monday Mr. c. K. Freeman OF
Freeman & Lawrence, sold TO Mr.. Ben
Robinson the property known as the Hill
place on the northeast corner Of Third
and Lawrence. Mr.. Franklin T. Ives was
the owner. Before the deed had been
made out Mr.. Smith of Smith & Dorsey.
offered Mr.. Robinson $1,000 for the prop
erty. Mr.. Robinson would not consider
anything under $1,000. He paid $500.
A gentleman walked into Smith &c Dor
seys' Office yesterday afternoon looking
some land here and some in Ohio and he
wanted to trade the Ohio farm for Sedg-
wick county property.
Robertson Bros, of the Hartford In
vestment company, yesterday sold TO Mr..
G. W. Gregory the residence at 134 Lau-
ra avenue. In the afternoon they also
closed the deal whereby Mr.. J. G. Bright
becomes the pessessor Of two lots and a
house on the corner of Water and Third
streets. Mr.. Davis, who recently bought
the old Wichita National bank corner
for ST.. 500. has been offered an advance
of $4,000 for his bargain.
Mr.. Dickson said yesterday that an
eastern firm had some Wichita property
listed with them. They sold the place
the other day and sent the money TO
them and the deed for them 10 sign.
They returned the money and said that
they did not want to sell their Wichita
holdings.
Mr.. Charley Freeman yesterday sold
the farm known as the Polk place in Erie
to Mr. S T. Hessel for 81 500