Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-01-06
TIMELY REAL ESTATE TALK
Prospects for Coming Year Are Nov the
Topic of Conversation.
FAvOSABlY COMPARED TO OTHER YEARS
Days of Boom Growth Not Accepted
ms n Criterion to Judge Condi-
lions that Prevail IN
Omaha at Present.

and common subject OF conversation among
business men just now, real estate dealers
included. The tendency to begin the year
with review of the last twelve months
and predictions for the future was exem-
plihed last week at the meeting OF the
Real Estate exchange. The annual re-
views in the newspapers started the dis
cussion.
c. F. Harrison was Of the opinion that
the increase in real estate values in 1903
had not been commensurate with the city's
industrial growth. He referred to the
greater building activity of 1887, when $500
buildings were erected, as compared with
loo in 1905. He did not. however. use this
as an argument against prospects for ac-
tivity in real estate in 1907. for he said
that is bound to come, since Omaha realty
is comparatively so cheap.
'"ine comparison Of the building years
of 1878 and SO with that Of 1906 Is no
criterion" said q. @. Wallace while
LOO or more residences were erected dur
ing one of those years, II was only a few
years following that we had LOO empty
houses In the city What we are building
now is solid and not Of the boom order
We are worth in fact and not on paper"
Omaha Property f. Cheap.
s. p. Bostwick, president Of the Omaha
Real Estate exchange, in an article in the
last Issue OF the Omaha Trade Exhibit
says, after charging on the commercial
and industrial growth Of Omaha Omaha
real estate is cheaper today than In any
city of its size in the United States. In
vestments are being made I'm Omaha realty
which. are paying IL per cent gross Income
per annum. The mechanic and laborer
have shared In the general prosperity, as
well as the farmer, and for the first time
In the past fifteen years are investing their
earnings in Omaha real estate and are
building new and modern homes.
There are numerous reasons why the
coming year should break all records
both in the number and value of buildings
TO be erected, activ in the sale of real
estate and Increase in population.
"The remarkably good crops Of the last
hve years have placed the Nebraska far
mer free from debt, with a goodly sum of
money in the bank awaiting investment
While Nebraska farm land has doubled
and quadrupled in value in the last five
years, the price of Omaha dirt has in most
cases remained almost stationary"
Mr. Bostwick then Celebrates on the de-
velopment OF Nebraska, Wyoming and
Colorado as the foundation for the newt
able advance in city realty values.
PIunkett's south Omaha Flats
Though final decision has not been made
II is probable Sir Horace Plunkett will
erect $4,000 building next spring at
Twenty-fourth and l. streets, South Omaha
The matter has been left In charge of
Conrad Young. who will erect the build
tng IL his present plans do not miscarry.
Sir Horace decided not to build duplicate
to the Chatham. though the latter is a
paying investment as a home for bache-
lors.
Dempsters New Cottage.
John A. Dempster has completed a neat
double cottage of gray buff brick at 212
South Thirty-seventh street. There are
few such cottages in Omaha, but a marked
demand for them and a consequent in
crease in their number has come in the
last year. The building is of two stories
and each cottage contains nine rooms. in
GLIDING the reception hall They are fln-
ished in oak, have gas and electricity, a
hot water plant for heating, multitudinous
closets, tiled bath rooms and other modern
conveniences The building cost $4,000
Mr. Dempster himself lives IN one of the
cottages and A. ]. Beaton in the other.
There were inquiries from numerous pros
pective tenants before the building was
completed.
Tents for Storage.
The John Deere Plow company Is af-
fording another evidence of the scarcity
of warehouse room in Omaha This con-
Germ cannot get sufficient storage space,
and is now piling several carloads of goods
on the ground under a tent on its property
at the southeast corner OF Ninth and
Leavenworth streets.
Forest Hin Sale.
Spectators are beginning to look with
longing eyes at Forest Hill. the home OF
the late Herman Kountze, which is to be
disposed OF by the heirs OF the banker
Naturally the family would prefer to sell
the property to some wealthy man who
wished 1t Off home but men with money
enough TO keep up such a place do moi
make their appearance every day. II the
land is not sold In a body soon IL is safe
70 say that 1t will be cut up into lots anC
placed on the market. In that event Their,
Is no doubt several real estate firms which
would like to get control OF 1t.
Warehouse Deeds Filed.
Deeds have been filed recording the trans
fer OF the old Parlin. orendorfr & Martin
warehouse to Paxton & Gallagher. TIL
consideration mentioned in these papers 4
$4,000.
site for Lumber Yard.
The Missouri River Lumber company ha
acquired. as the site for lumber yard
thirteen lots on the Belt Line. north o
sahler street and east OF Thirtieth. I
has been known for some time that tn
company has been negotiating for the land
but now the formal transfer has bee
made. This makes the NTH lumber var
or coal yard site that has been bought o
the Belt Line in the last six months
The front end of the old Brandeis stor
has been fenced In. and some repairing an
remodeling viii be done. The city builC
ing inspectors ONCE has issued a perm
for this work, in which the sum OF none
the Arm expects to spend in the work
1880
Charles l. Thomas has bought a thre,