The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-06-17

this depreciation was caused by a death
in the family and the necessity of a
| quick sale"
Mr.. Dawson of the firm of Dawson
& Pierson said: I'VE are selling lots of
| city property at this time as well as
many farms in the country. We have
made several trades of city property for
| farms on account of the people in the
| country wanting to get into the city to
! educate their children. We have just
closed a deal for a farm and the owner.
| Adam Ostertag, has purchased property
| at Fourth and Polk streets and will
move into the city at once. Farm lands
4 in Shawnee county are selling well and
at prices based onstheir earning capaci-
| ties.'' 1ss
| Much to my surprise said E. R.
Barnes, the demand for Topeka real
ty which has been unprecedented for
| the past twelve months has increased
rather than diminished and have had
a hard time to secure property for my
! customers. While there is smart de-
mand for all kinds of property in
Shawnee county by far the greatest de-
mand is for city residences worth
from $4,000 to $500
1--WE are rather new in the real es-
| tate business" said F. G. Lagerstrom
of the firm of Lucas & Lagerstrom,
"but everything is opening UP nicely
and our business is Increasing daily
and the indications are that there will
be no cessation. The approach of sum-
mer with the hot weather incident does
not seem to affect the building boom
which is now on and we have more
demands for properties of certain
kinds than we can fill
1.-The outlook for an increase in
business in real estate is very bright -
said G. w. w. Yates, land the pros
poets are that the building boom which
has been in progress for the past year
or so will increase rather than dimin-
ish as there are not homes enough in
no off " tO demands
are being made at this time"
J. NJ. Young, who is dealing extern
sively in Texas lands, said: TT is sur
prising the number of people in the
south who know all about Topeka as
a resident city and are prospective
purchasers for property. 1 find that
the greatest demand for Topeka prop
erty, however. comes from the local
people who are here on the ground
and have watched the development of
tn city during the past three or four
years"
come from the section of the city adj
jacent to the Santa Fe shops" said A
T. Lucas. "and the price at which
property can be purchased in that
part of the city at the present time Of
fer especial inducements to investors
of limited means. 1t is almost impos-
sible to rent cottage in the vicinity
of the new shops unless II Is one just
built and most of these properties are
rented before they are completed or
are being built on a contract for a
renter"
The Capper Building.
OF the most important building re-
ferred to above the Topeka Capital of
June 16. says:
1.-The contract was let yesterday to
Frank NJ. Spencer for five story news
paper building at the southeast corner
of Eighth and Jackson streets. 1t is to
be built by Arthur Capper, and is to
be occupied exclusively by his five pub
lications-the Topeka Daily and Week
IN Capital. the Mail and Breeze, the
Missouri Valley Farmer and Household
eazine-and the Mail Printing
House. of which George NJ. Crawford
is manager. The contract price of
SI38. 500 does not include plumbing,
wiring and elevators. which will bring
the cost of the building up to $15O.000
The building. designed by Holland &
Souires, of Topeka, will be rs by $50
feet. fronting on Eighth street, and
above is an Illustration made from the
drawing. 1t is of classic
treatment with large classic terra Gotta
columns extending from the top of the
second floor to the cornice- The build |
ing will be absolutely fire-proof, and
is of steel and reinforced concrete con-
struction. The exterior construction IS |
to be of Bedford white stone up to the
belt course of the second story, and the
three upper stories will be of white |
terra Gotta. The inside walls and par