The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-22
BANNER WEEK FOR YEAR
REAL-EsTATE BUSINESS SHOWS
SUBSTANTIAL INCREASE.
Activity In Building Circles About tn
BE ReaIized-Week's transfers,
Mortgages and Releases.

With the close of the doors OF the county
recorders office Saturday night the largest
weeks business Of the year 1903 was COM
pleted. Many large sales were reported dur
ing the week and the numerous small ones
helped to swell the total until $i11 530.26
worth OF realty was transferred from one
owner to another on the records of the
county in the 1s2 transfers recorded. The
last large sale of the week was that of
August Kiefer to John Darmody of the
property at . West Maryland street for
SIS 900.
The lot sold has frontage OF 45.6 feet and
IS 1s5 feet deep. The property consists of
an old brick residence building which for
several years has been the home of the
Commercial Travellers Club, and has al
ways been considered as belonging to the
"A. Klefer Drug Company. although the
deed has been in the name of August Kie-
fer. the head OF that firm. The firm of Frei-
burg & Kelley. real estate agents. negotia-
ted the sale of the property 20 Mr.. OAR
mody. a member of the firm of ]. F. OAR
mody & Co.. wholesale manufacturers Of
candy. who has long been in search of
site for the erection of modern candy
manufacturing establishment.
The Darmody plant is at present located
on South Pennsylvania street in building
which is not suited to the growing business
of the concern. The company intends Sc
surfing plans for modern factory build
Ing OF three stories or more In height 10 De
least possible loss of time. The architect
who will be employed to prepare plans for
the new building will be instructed to pro-
vide for a modern fireproof building, the
foundation, walls and supporting beams OF
which to be adapted TO the building OF
additional stories shoy / they be needed In
be- designed so as to not destroy the archi-
tectural appearance OF West Maryland
street. which from the Grand Hotel to Mer-
tdian street on the south side OF the street
mas only been spoiled by the old residence
property purchased yesterday.
ACTIVITY IN BUILDING.
During the past week the number OF
building permits issued showed that the
expected activity in building circles is
about to be realized. Many permits for
the erection of cottages were issued and
many more will be issued from the city
controllers Office within the next two OIL
three weeks. The city. contractors report
that they have jobs in prospect which will
keep them busy during the entire summer
and carpenters and brickmasons are be-
coming hard to find when employees are
needed. A real-estate agent yesterday
pointed out what he said was an indication
or the Dulldlng or many cottages In the
mortgages recorded Deputy Fred Akin. il
the county recorders office,-filed lie mort
cages last week. which represented t0ta
of $40. 1856 The real-estate agent sait
that ii Is a common practice for property
owners who buy lots in the fall and winter
with the intention OF building in the spring
to mortgage the property in order to I'll
out the sum saved during the winter to tn,
sum needed for the erection Of the hous'
contemplated.
The days OF the moving man and thu
moving are here. May day for
merly the great moving day, but any OLD
day In March, April or May which ha
enough sunshine Is good enough for tn,
people who want to change their voting
places now. In the South and West side
particularly the presence Of the movins
van is noticed, and the rays of light which
blind the eyes from the mirrors on the backs
OF moving vans as they slowly labor alont
the street are common on some South
Side streets as the rays OF light from thu
sun. The rental agents says that man.
movers are moving into property which
they have purchased, while many other
are the periodical movers which follow tn
old maxim OF economy and change thei
dwelling places as often as their grocer.