The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-19
TWO REALTY JUMPS
Mr..Reeder of Iowa Buys Some
Wichita Property.
ONE HUNDRED Is OFFERED
For Bargain From Saturday
Till Monday.
ONE HUNDRED Is OFFERED

The real estate market continues 10 keep
up with the times. If TO, running length
or two ahead Of all other kinds Of bust
! ness There is not zeal estate dealer in
/ The city who : not kept continually on
/ the jump Tners IS no boom broke loose,
but there is a wonderful activity that is
+ making realty gradually go Up. Other lines
are making a hard race. and as result
/ everyone is happy.
A snort time ago Mr.. L. N. Reeder came
( here from CenterviIie, Ia, with $500 10 in
| vest in Wichita property. The more he
saw OF thecity the more Impressed ne be-
came. He called on several real estate
/ dealers and told them that ne wanted 10
/ purchase home for q reasonable amount
Messrs. J. T. Reese * Co. had piece Of
/ property that just suited him They called
il 4 bargain sale, or 10 use a real Estate
phrase. II was a snap. Mr.. Reedsr liked
the place and bought II paying $3.50. The
same place mad been purchased by Mr.. H
J. Harding a few months before for $50.
Mr.. Reeder closed the sale on Saturday
and on Monday, before the deed had been
recorded, ne had been offered 800 for his
bargain He refused II. The property is
lot No. OHIO avenue. MaJheWson's third
addition.
Last summer, early in the spring, Mayor
Ross bought a plot OF ground just north
CT his home on Waco avenue for 800. He
held it for eight months and this fall sold
il for 81 600.
Dr.. Barkelow recently purchased the
house and ground at los North Topeka
avenue for 1880. The place has increased
in value. but It is not on the market.
woman who had fifty feet In Mathew
sons addition placed it in Mr.. McCoy's
hands for sale. She asked $500. He got
a Gus toner for that price. The lady want
ed s1e10. The party would not pay il.
Another customer saw II and agreed to
buy the place for $500. The lady con-
cluded then that she wanted sl,1O0 The
man said he would take it at that price.
Again she asked more; this time s. go.
Mr.. Mccoy said ne could not afford 10 fool
with the property If she was going TO
raise the price every time ne brought
buyer. The place was sold last week for
$3.50. This all took place within three
weeks.
Yesterday Mr.. Peter Bauer sold to Mr..
Joseph Stub lot 80 in Waterman's addi-
ton. Waco street. for 5000.
Another excellent indication that Wich-
tia and Sedgwick county is getting very
close to the corner OF Easy street and
Velvet row. is the great number OF mort
cages that are being released. For the
past six months the aggregate amount is
$6Z7, 4o6. This is a monthly average Of S104.-
Sos The releases BY month is as follows:
April. sl5s.754; May. s1s9. 625; June, s69.140;
July. Ss2s7O; August, s5s054; September.
So sSS. Total, s627. 4O5. Until October Is.
So, 76s.
At the register OF deeds Office they say
that the last three months OF the year,
October. November and December. aggre-
gated in releases nearly one-half the re-
leases OF the preceding months. II this is
So II begins 70 look as Il Wichita and
Sedgwick county viii cancel 1900 900 in
mortgages during the year 1893.
II IS gratifying TO know that the number
OF mortgages have materially decreased
during this year. Not only have the num-
Der decreased, but the amount has fallen
of near,y 50 per cent, as the following
figures will show:
April. s7s go May. s45.5Jo; June. $500;
July. sH.4oo: August. $50, 40; September.
$3.50. Total. $33o. 500.
The average amount o: mortgages for the
SIX months IS $500. or less than half the
amount Of releases recorded. The figures
show for themselves