The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-10-05
REAL ESTATE MARKET
1T is QUIET AND THE OUTLOOK FOR
FALL IS NOT COMFORTING.
An Unusual Demand for Flat Build
fngs Due to Failure of CASPER
mits and Transfers.

Real-estate men say they find nothing
comforting in the present outlook for the
fall. The market now is quiet and there
are no sales of Importance and few specu-
lations. The purchases are largely invest
ment and for homes and nothing appears
that is likely to stimulate a movement In
any particular locality. Property in the
neighborhood of the proposed site Of the
new interurban terminal station is wary.
but there is nothing tangible to justify the
hope Of owners that it will advance to any
considerable extent until some definite
statement is made. Real-estate men as
sumo that the negotiations for this site
Illinois and Market streets-are still in
progress, although little has appeared or
record to make this fact sure.
There are no fiat buildings in the market
at anything like former prices. The de-
mand for such buildings because of the
termination of gas a fuel supply is enor-
nous, and the demand for flats properly
provided Is twice the supply. If it were not
for the combined misfOrtunes of a gas fall
ure and coal famine Cor almost prohibit
tory prices) dwellings would be in demand.
but there are now greater number of va
cant houses than for years. Houses that
receive gas service from the Consumers
Trust Company are in demand, but there
are few available. This demand is caused
by the announcement of the company that
it will not follow the policy of the Indian
apolis company in trying to discontinue
business. The people cling tenaciously to the
gas mixer even in the face of the Con-
sumers' companys statement that it does
not know what day its supply will be in
sufficient for any of the purposes of domes-
tic use, to which it has been restricted for
years.
Dwellings with furnaces command some
advantage. But there are few in the rental
market.
During September the building permits
issued aggregated S365,570 This exceeds
every month this year except March and
April. The total for this wear is s., 34S, 723,
| which is greater than for the twelve months
| of 1900 and 1899. Last year the permits were
| much larger for the first nine months, ex-
| ceeding 100000. The permits taken out
| in September were largely for repairs and
| small structures. The most important per-
mits issued were: Indianapolis Railway
Company, brick and iron barn, $4,000; In
| dianapolis Water Company, brick pump
| house, $4,000; Kingan & Co., addition, s2O,-
| 600; Il. b. Laycock, brick factory, $22.OOO
| Tucker-Dorsey, brick factory, $l0,392;; ALI.
| son Coupon Company, factory in East Mar
| ket street, $4,000; James l.. Reach, brick
warehouse, Missouri and Louisiana streets
| $4,000.
Joseph Taggart will soon break ground
for his new bakery at New Jersey anC
| Court streets. This building will be three
| stories high, and will be Of Bedford stone
foundation and pressed brick. 1t is bull
| with a view to adding three more stories
1t will have sixty-two feet front on New
Jersey street and one hundred, on Court
| There will be four tiled ovens on each o.
| the second and third floors. The building
will cost $4,000, and will be finished b!
| Feb L