Omaha daily bee., 1908-05-03
OUTSIDE CAPITAL LARGER
More Than Usual Comes to Omaha for
Investment.
REAL ESTATE STRONG MAGNET
Draws Cash from other states and
Enters Into Campaign OF I'm
provement as Well ~
Building.

That some outside money is coming 10
Omaha for investment. in fact more than
usual. Is shown in the transfers OF the last
week, when $4,000 OF Iowa money was
invested in Omaha property. The record
shows that j. j. item of Clinton paid
10000 cash for the building at Twelfth and
Jones streets, where he will remodel and
install a biscuit factory. Ralph Pryor OF
Shelby, Ia, invested $4,000 in the 100 acres
OF land adjoining the city limits OF Omaha,
on Center street. which he will use for
stooh-bpeeding farm. It was formerly the
property of II. N. way and the sale was
made for cash by George & Co.
,OuenanRs IN the suburbs began Friday,
when Hastings q Heyden offered forty
anrsa southwest of Fort Omaha, at Thirty
third street. and Grand avenue. The open
ing n to last until Tuesday and by that
time the dealers expect to pay some one
500 m cash for suggesting a name. But
from the interest shown In the opening Of
IN, tract II n evident that such sales will
be- popular during the coming season. The
buyeTs were not given much notice by the
agents. but q good crowd attended on the
fnst-tiaT.
by d. v. sholes within a short time. The
grazing - almost completed and the tract
s. ~ ftne q looking place for home as
any IN the Hanscom park district. It is
located south OF the park, on both the
cast and west sides OF Thirty second ave-
me. Only thsnarrov strip belonging to the
Mageakh estate is between the park and
CreAghhon First addition. but the tract
whAch hPtO-be, opened is high and overiooks
the park.
'beairacBes~ Is the tract Of George q Co
west of Dundee and Is offered only in
acreage tracts. number have already
secured property in the new addition and
many new houses are in the course of
strnctton Besides the Fairacres tract,
George s. Co. have considerable Dundee
property to be opened and placed the
market. Eight new homes are being erected
between F1fty-first and F1fty-second streets
and between Webster and Dodge streets.
Thomas Hoctor, former mayor Of South
Omaha. proved that the demand for South
Omaha property Is fully as good as the
demand in Omaha when he opened "Hoctor
Terrace" during the week and sold 1856 lots
at auction. The tract overlooks Spring
Lake park and those who were fortunate
enough to secure lots have something in
the way OF property which will increase
in value. The lots sold well and a good
crowd attended.
r. o. Isaacson sold 15O acres ten miles
southwest of South Omaha to Oscar Jacob
son of Boone county for sl1,OOO The sale
was made throngh George & Co. Eva NJ
Scott has sold her home at Twentieth and
LothDop streets to c. ]. Nieman for S. 75O
he II
Heyden. while the same firm sold the home
at Twentieth and Binney streets to ]. b.
Redfield for $500 T71e two homes are
anaongythesmost desirable In Kountze Place
]. ]. Deright demonstrated that he is
eminently fitted to carry out the wishes of
the real estate dealers when strangers are
being given trip about the city showing
them the sections which show the greatest
activity, as well as the old and handsome
residence districts Mr.. Deright piloted
party over the city for two hours Wednes-
day afternoon, furnishing the automobiles
without cost and demonstrating that Omaha
is just now a live and busy city. The first
part of the trip was to the wholesale dis
trfcts. Mr.. Deright ran the machines south
on Ninth street 30 Jones street and then
east TO the river front, across the Burling-
ton tracks and then slxirted along the water
front for an examination of the "harbor
OF Omaha" The pilot had evidently been
90 the place before. as 1t proved to be as
good point as there is in Omaha to look
at the sky line. with the wholesale houses
to the west. The Union Pacific headuuar-
ters building, which formerly occupied the
center in such scene. now sinks into
insignificance by the side of the big
double warehouses of NJ D. Smith & Co.
Another trip taken by the party was half
way across the Douglas street bridge and
back. From such point visitor can get
an idea OF the extent OF the Union Pacific
shops and the plant Of the American Smelt-
ing and Refining company. The trip then
continued through the residence district
particularly through the places where
scores OF new homes are being erected
Starting next Wednesday, the Real Estate
exchange is to hear a series of addresses
by local men on the history Of Omaha
streets. John McCague has been assigned
to Sixteenth street and c. r. Harrison 10
Farnam street. Others will tell the story
OF the busy thoroughfares OF Omaha.
Sinner & Chase win open the townsite
OF Ralston about the last of May. During
the next two weeks the townsite company
will be Incorporated, with some 300 share
holders. One of the first things which the
company is to do is to name and number
the streets. A new series OF numbers will
not be attempted on the streets which are
20 be known by numbers but the lines
will be run through from the city Of
Omaha and probably sixtieth or sixty-sec-
ond street will be the main street Of the
new town. Streets running east and west
will be named. There will be no duplicates
with the streets OF the city Many OF the
new streets in Ralston will be named eor
DIR. Miller or his friends.
HOUND WAS NO GUTTER