The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-01
Total $500. s29, s9S, 9OO.12 s43,4 1850
Permits.
PROMINENT BROKERS
TALK ABOUT YEAR 1903.

Several indianapolis real-estate dealers
were asked yesterday by the Journal for an
expression of opinion as to the last year in
real estate and the outlook for 1904. The
concensus of their opinion is that the year
just past was one of the best. if not the
best the city has ever known, and that the
outlook for 1904 is unusually bright.
Matthew III. Camden, Of the firm of Rails
ton & Camden, said: THE year just past
has been the best year that we have had,
at least speaking from my own knowledge,
since my connection with the firm. since
1898. The year has been very prosperous in
many ways. A number of very large invest
ments have been made; a number of large
homes have been bought, ranging in prices
as high as 500, coo; new additions TO the city
that were thrown upon the market have
been. perhaps. twice as great in area and
value as in any one previous year: there
has been a gratifying number of inquiries
for factory sites, as well as an unusual de-
mand for small rental Investments, and a
growing market for good business proper
ties. We anticipate a good year in 1904, and
expect that a brisk trade will start in early
in January
YEAR WAS PROSPEROUS.
Gregory & Appel had a like story of a
prosperous year. 1T has been the best year
we have ever had" they stated. General
results have been better this last year than
in any previous year, although there has
been, perhaps, less demand for money,
which, of course, indicates a good condition
of things. For years there has been a de-
mand for all kinds of investment properties.
from the very smallest to those aggregating
hundreds of thousands, and last year was
no exception to the rule. People have shown
a disposition to take anything that promised
/ 10 give good returns Rates a nn Unn1
properties have been firm. and the demand
for fats and office rooms has far exceeded
the supply. The outlook for 1904 is very
good"
Albert f. Metzger added his statement of
a prosperous year and an encouraging
outlook for 1904. He said: Il have no
doubt that. generally speaking. the past
year has been one quite in advance of the
previous year in the whole field of the
real estate and transfer business. This was
especially marked in the amount of invest
ment property sold and In the increase in
the value of property per front foot. Fan
more ground has been plated than in any
previous year, and we have had auction
sales of plated ground. thereby disposing OF
large tracts on favorable terms to an eX-
tent far exceeding that known in any prev
ious year in Indianapolis real-estate his
tory. There has been very little activity in
the way of large residence building. but in
the building of smaller dwellings,. particu-
larry i'm the outlying districts, there has
been great activity.
OUTLOOK FOR NEW YEAR.
"The future looks very bright, particular
ly in the line of investment properties. This
great fluctuations in the stock and bono
markets have frightened a great many PEG,
pie away from that kind of investments, anC
people have come TO realize that real estate
furnishes a far more satisfactory field fol
investment of money than can be found il
a stock market subject TO violent chang,
and nuctuation. A comparison with tbs
stock market for a period OF some year!
back will show that real estate has beer
far more active and satisfactory. y genera
tendency can be marked for people desirinl
steady investment. To sell their stocks anC
invest the money formerly put IN that form
of investment into good city properties
There is no doubt In my mind that tn,
great number of interurban roads that have
come into Indianapolis are bringing a verl
heavy population 10 the city. and no othe,
business is as good ar index of the cOnse
quent growth OF the city as is ours. In
quiries for homes come into this Ofic,
steadily from people coming here 10 live
Many of these are business men who's,
work lies in outside towns, but who havl
decided 20 move their families 10 the cit
for the advantages that are TO be foun,
here I'm the way OF schools. healthful an,
legitimate amusements and other like thing
that are 20 be most easily found Ia
great center Of population"