The Montgomery advertiser., 1908-02-11
cITY's PROSPERITY
REAL ESTATE MEN SHOW MONT
 G0MERY's GROWTH.
Panic Has Had Practically no EGect in Montgomery Real Estate
 Difficult to Rent q Home.


 Financial fiurries and an alleged general industrial depression has not seriously affected the Montgomery real estate market. according to state- ments made yesterday by prominent dealers. There Is not vacant busi- ness in the city. and very few resi- dences for rent.
 q do not know of a time when Montgomery has been m a better con- dition. as far as real estate men and renting agents are concerned" said Mir. Frank Kohn. of the firm of F. M. Kolin & Sons, yesterday" It is true that there has been a disposition to lower prices on real estate in all cities, but here it is realized by prop erty owners that whatever financial depression may exist is only temporary and that Montgomery is bound to go forward. If there is a vacant busi- ness house in this city do not know of it, and If there is I know that 1t will not be long before 1t is rented.
 'Montgomery's real estate market Is not booming" said Mir. Kohn. This market never booms, but always has healthy growth, such as is apparent at present. There are a number of misunderstanding enterprises figuring on coming here, but are holding off for the present on account of the difference in the price of the property which they want to get. They claim that this property is being held too high. which is only a significant fact of the faith that Montgomery property own- CTS have in the advance Of the city.
 Mir Kohn. like other real estate dealers. says that the activity of the local market depends largely on the disposition of the banks to make loans at this season of the year. Right at this time the banks are having their hands full looking after the de- mands of the farmers for money with which to secure fertilizers for their spring planting. Merchants are malx- ing every effort to secure ready cash, and the fertilizer firms are assisting wherever possible This naturally has depressing effect on the real estate market.
 While there Is no special demand in Montgomery for building lots or busi- ness locations at present there is . steady demand for homes. After all this is the healthiest indication in any community, and at present real es- tate and renting agents say that there are fewer houses for rent in Montgoisi- cry than in many years. The demand, according to a combination of beliefs, is for the averaged priced apartments, with an increased demand for higher
  crease of nearly twenty per cent in the renting prices here in the last two years, but this has not had depress- ing effect on the renting business. for there has been steady stream of i'm coming residents within that time.
 One of the best indications of the future prospects of the city, under a prohibition regime. Is the fact that every house now occupied by a saloon has already been rented.
 ssEome of tho places occupied by sal- oons now have been rented at prices far beyond what they are worth, said a well known real estate dealer yesterday. and in the fail they will be put down to their real value. I do not know of single saloon in the city that will not find ready tenant, and I understand that already nearly all of the saloon locations have either been leased for next year or have been spoken for. I know that there is a sufficient demand here ct present to guarantee that they VIII all be occupied"
 Many of the saloon kespers have an- nounced their intention of closing their business on October so as to be able to turn their leases over without troubel or loss.
 asThe greatest trouble that we find in Montgomery" said another dealer. Ifs to persuade lot owners to erect build inRs for business tenants. They all are inclined to wait until they have an ofrer to lease before they desire to build. You will find that there are very few buildings constructed here that are not leased before the ground Is broken for them.
 The general condition in the real estate and renting business, which Is significant, is hattering indeed for this reason"