The Montgomery advertiser., 1908-04-23
MOBILE REAL ESTATE
MARKET NOT so ACTIVE As TT HAS
 BEEN. ~
Many Suburban Tracts Are Being De- veicped--Judge Browne Goes to Eutaw O See, Unveifing of
 Monument.

Momument.
 Mobile. April 22.-(Special.) )--"After a period of unusual activity the real estate market has settled down to a calm, said an autho ority today.
 For over two years. ending last september. 1t was difficult to supply the demand for building lots and con- tractors found 1t impossible to secure suficient labor to handle the work of- fered them. t
 While there is yet considerable building going on it is so quiet com pared with the previous rush that It seems really dull. Of course the strin- sency in money affairs has a great deal to do with this but the fact that the supply now more nearly equals the de- mand also has a bearing.
 The city is literally surrounded by subdivisions Now and then lot Nis sold for building purposes but the bulk is held by the agents or by speculating purchasers. Of course many lots have been sold on installments to persons who hope some day to build on them and cut of the drain of rent paying
 The most encouraging feature of the situation here. is that not per cent of such purchasers have given up or sold tn cir holdings on account of the money situation. These people will soon own heir sites and when money loosens up little more. those who wish to build will have no trouble in financing q loan to build a home.
 T fully expect to see the building boom in full swing again within the next three months. This does not mean that there will be any great de- mand for the further subdivision of suburban acreage. The supply in that line about equals the demand. As the business opens up the agents will en- tA lac Anfr rNFA hAl fnc rather than encourage any material ad- dition to the supply. Then. too. many who bought for speculation will let loose a portion of their purchases as soon as they can add reasonable in- terest to their purchase price. They find that 1t will pay them to do this and encourage the building of homes, for the effect on the lots they re- tain.''
 It must not be inferred from this statement that all operations of this class have ceased in Mobile. Work of grading streets and laying sewers Is progressing in the Hall Place" Seven handsome homes are just completed or we'll under way there. A contract was awarded yesterday for the grading of streets and sidewalks on a forty acre division on the west side of the Ann Street car line. adjoining the old Bas- comb race course.
 Major W. F. Tebbetts. who was so successful In the opening of the Gov ernment Street extension and the Bon Air tracts. Is owner of the Holcomb farm, adjoining the Bon Ar tract on the south. the only acreage now avail able for subdivision in that direction. He is in Washington but Is expected home next Saturday.
 It is said he will arrange on his re- turn for the division of the Holcomb place and will have the lots on sale the coming fall
 Judge Browne Goes to Eutaw.
 Judge Samuel B. Browne was delay ed until this morning In his departure for Eutaw. where he goes to attend the unveiling of a Confederate monument on April 24. +-.
 The monument is to be dedicated to the memory of all the Confederate sol diers from Greene County.
 Judge Browne was a member of the 11th Alabama. his company being known as the Greene County Greys. His regiment lost i've sets of field of- ficers and was at one time commanded by General John c. c. Sanders. broth CT of Dr. William H. Sanders. Ala bama's chief health officer.
 Mir. Mckenzie of Baldwin.
 N. c. Mckenzie of Daphne is in the city today. Referring to his applica- tfon for appointment as Tax Collector of Baldwin County Mir. Mckenzie said the matter was entirely in the hands of Governor Conner,
 .'I am a candidate for the nomination for the office in the primaries next month" said MT. Mckenzie. ''and hope to he successful. 1 filed my applica- ton for appointment to the unexpired term with the Governor and then came home to look after my canvass. There is no need annoying the Governor with petitions and endorsements. When he decides who he wishes to appoint he will announce his decision. And what ever that decision is 1 will coincide in it."