The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-08-23
LOOK FOR Big BUSINESS
REAL-ESTATE MEN SAY MARKET
Is BECOMING MORE ACTIVE.
Paramount GLASS Plant Will BE Moved
Here-UniOn Railway Company
Buys Observation-Disclosures.

With the near approach of September lead
ing real-estate brokers see indications of an
active market and a large business for the
autumn months. All lines of business pick
UP and begin to get out of the summer
slump early in September.
The past summer has been a better one
for real-estate brokers than any SUNNI er
for many years and the transfer showing
for July was immensely larger than that of
the previous July. From the records at the
county recorders office it is thought August
will show up well in comparison with last
by real-estate transfers. August has al
ways been the Jonah month for realizes
tate business i'm this city, and the unusual
activity this month shows that Indianapolis
is getting to be such an important business
center that summer business Is not so light
as in former years. Good residence ana
business property is always in demand
here. and it makes no difference whether
the time of year be April. which has always
been one of the best real-estate months OIL
the whole year. or August, which has al
ways been the dullest month OF the whole
year
There are not likely to be any real-estate
deals this month involving several hundred
thousand dollars, such as the transfer or
the property at Market and Illinois streets
to the indianapolis Terminal & Traction
Company, but the transactions in small
properties. mostly i'm the comparatively new
districts of the city, goes on uninterrupted
ly. This summer has also been one or
marked activity i'm home building. Hun
dreds of small lots i'm the various additions
to the city and the principal streets and
avenues have been purchased within the
last month, and many of these purchasers
are building homes.
NEW PLANT COMING.
John Rau, of Paramount, was in Indian
apolis yesterday and stated that his COM
pany, which owns the immense glass works
at Paramount, is making plans to build a
plant to cost about $4,000 in this city next
spring. The company several months ago
purchased a tract of land south of Pros
pect street and east of keystone avenue
for the location of a glass factory. The
contract states that If the company fails
to establish plant mt here it will have to pay
Rau says there is not the least possibility
of the company falling to build plant
here
Mr. Rau this week sold to the Indianap-
oils Union Railway Company strip of
land 200 feet long and forty-fve feet wide
along the Belt road tracks from Keystone
Avenue to the Bet fond ADJ Gro crossing with the
capacity and has purchased this land so
that it can build two more main tracks
The price Of the land was about 81, 200. The
deal made through the A. Metzger
agency.
The John Wocher & Bros agency reports
the sale of thirty-three lots in Armstrong
Park to George kessler, for John Shaw.
Most of the tract is not improved. As part
of the payment for the tract Mr.. Kessler
transferred Lot 10. Block 2S. in Burton s
North Indianapolis addition, to Mr.. Shaw.
The A. Metzger agency has during the
past two months sold 100 lots of the w. G.
and w. F.. Wiloughby addition, which
lies just east of Woodruff Place, along
Hamilton and Jefferson avenues. The addi-
ton is a part of the estate of the late
William III. English The lots were sold at
auction at an average price of about $3.50
Many of the lots are being improved and
residences will be built on them this fall
Next week this firm will put up at auction
sixty-four lots in the Lieber addition at
Northwestern avenue and Thirtieth street.
An addition of $50 lots on and along the
east corporation line will be opened in
few weeks. The property has been bought
by an Eastern firm, through one of the
well-known East Market-street brokerage
companies. The transaction involves about
$4,000. The tract is located at the end of
a Street-car line.