Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1906-12-29
YEAR CLOSES
DULL in REALTY
Prospects are Bright, How
ever, For a Busy Spring
Season
CLEARING HOUSE NEEDED

Owing to this being a holiday week,
thore has been but very little business
transacted by the local real estate
dealers. although every indication
points to an unprecedented volume OF
business heing done during tho OPEN
ing months Of tho coming year.
Notwithstanding the prevailing lcth-
argy. some very desirable properties
have changed hands tho past few days,
among which was tho thrce-storled
residence az Fourth and West streets,
which was sold to Matthew Keller
through the agency Of A. B. stayton.
for $4,000.
Tho consensus Of opinion among the
read estate fraternity is that there viii
he but little moving this snnual NOV
ing day. and consequently there will
DO but little change in the present. COM
dHion Of their rent LETS. Rents, it Is
said. viii not materially increase. al
though a slight advance may be asked
in some locations.
Regarding building, there is some
talk o. an extensive operation in the
Ninth ward. where rumor has Il that
many small houses are 70 be erccted by
Philadelphia builders. All operations
at present are small few builders Ven-
TURNS 70 put up more than ten houses
at "a time.
All the dealers say that the closing
year has been the most prosperous IN
their history. with prospects bright for
an even. greater volume Of business in
1907.
Clearing House Needed
In real estate circles there IS a grow.
ing belief that one Of the things mosi
badly needed % the present time Is .
central exchange or clearing nous'
where an properties Tor sale and ienN
could be listed, saving tho would -b'
patrons the trouble Of visiting 50 nan,
different offices and saving the individ
ual deslcrs a great amount OF time an'
trouble
Such an exchange IS working yer,
, satisfactorily az Buffalo and other iarg
cities. and there seems 10 be no reasol
: why it could not he made successful
= here.
one OF the most enthusiastic advo
Gates Of the idea is C. j. O'Keefe. on
Of the most progressive and largcs
dealers in the city. ana when aske,
his opinion was loud in his apprOvl
Of such a project. Mr. OKeefe stated
th2t under the arra1 nent the seal
crs could meet at interval
and compare the rcsu OF each other
NI.arH NIIaIU
through such an exchange could revcr
10 the Office which listed them there.
in an quarters the proposed exchang
met with the helrtiest commendatio
from those who handle practically al
: the real estate business OF the city.
New Ford Building
Z Sometime in the early spring Peter
Ford will erect q splendid addition Z
|, tho present magnificent Office structur
AZ Tenth and Market streets whic
, bears his name. everything being i
readiness for the beginning OF tn
building as soon as the present tenant
, Of the property to be RACED have va
, cated. Notices to out were served upo
them last week.
! The building TO be demolished Z
make way for the new structure is o.
Market street Immediately adjolnin
the present Ford Building on the soptl
Z being numbered 925. Il is at preser
& occupied by several offices. the tenant
y Of which WIN be obliged to secure quer
Z ters elsewhere IN the immediate future
s As near as can be learned from o.
2 O'Keefe. who represents Mr.. Ford
4 the matter, the new structure will con
y fom Ia appearance and architecture
Z design with the present Ford Building
s and wiz be equipped with every know
\ convenience. Many fine Offices viii /
Z arranged along spacious corridors. an
) form in appearance and architecture
!. make an up-t0-dltc office suuetn
viii DC installed.