Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-10-23
TIHELYREAL ESTATE GOSSIP
o. y. Armstrong and A. H. Walsh
Furm a Kew Sales Company.
WHOLESALE DISTRICT BIG THING
Must IezBana whstseB or Not Unisn
Paefns Gets Feru,t.SAen - Extend
Tracks I'D Jackson Street.
- Desired

- Desired
Two buEineg changes Of general interest
are announced. Charles a. ArmstrunE has
resigned the vice presidency Of the ID. ".
Bholes company g engage ia business for
himself in partnerBhtp with Arthur H
Walsh and g. r. Bostwicx has severed re-
latious with the Payne. BostWtck a Slater
company and Il In business nov BY him
self with offices In the City National baHk
building.
The Armstrong walsh company, az It
win be known, will be Incorporated IN q
day or two. The companys offices viii be
in the Brandeis theater building the ad-
dress being 30 South Seventeenth street
Accordingly for next door neighbor the
new firm will have the Byron Reed com
pany.
Both members Of the firm are well
known in Omaha and Nebraska. Mr.. Arm
strong has been in the real estate business
here for ten years, nearly all this time
with the Sholes company, and has been
vice president of this for five years past.
Mr. Walsh came here from lincoln a few
years ago to manage the real estate de-
partment Of the Benson-Myers company.
Before that he was manager Of the Mar
shai-walsh company of the capital city
which did a real estate and insurance
business
The new firm. which will have a large
working capital, will make a speciality of
selling real estate and fire insurance. A
good deal Of business already has been
pledged to 1t.
The biggest real estate subject aflo&t Ia
the Union Pacific's project for a new
wholesale and jobbing district on Jackson
street. The matter has not developed much
the last few days owing TO the opposition
OF some property owners TO .trackage upl
this thoroughfare, but that it will ulti-
mately come about. and before very long
ut that there is not much room for doubt
The wholesale district must expand and
at once. although its present areas are
large. No objection will be registered tol
increased trackage up the alley between
jackson and Leavenworth, and sooner or
later tracks must run west up Jackson.
The wholesale district has expanded tol
the north with rapid encroachment upon
the least admirable part of Omaha and
predictions have long been current that
the inhabitants OF this district would be-
fore long be forced to go somewhere else
because ol warehouses taking place there
Just for the present this movement has
stopped a little. although new wholesale
neighborhood, and the movement probably
soon will be resumed because the whole
sale district is bound to expand in almost
every direction except east, where location
a. undesirable even IL possible.
The jobbing houses of Omaha are grow
ing with tremendous strides. Each year
the big houses increase their business Is
90 Is per cent, and as new territory is set
tied to the westward the business will
grow even faster Many of the jobbing
houses are now and have for some time
been cramped for room and more floor
space Is imperative. This is no mere wordy
boast. Only last week it was announced
, that the Lee-Glass-Andreesen company will
double its present building and the King
man Implement company announced that
u must have much more room Several
other houses have likewise definitely stated
that they must build bigger homes, and
others not yet announced are known to be
planning bigger facilities. This is true of
several along the Tenth street viaduct and
OF others also In the neishborhood.
The question was raised at last wednes-
days meeting OF the Real Estate exchange
as to whether the exchange deserves the
title.
we tax OF everything but real estate
the committee on revision OF the bylaws.
Mr.. Patterson was asking members for
advice on the subjects desired by his com
mittee to report upon
II have examined the bylaws OF other
exchanges" said he. ''and 1 find that
most OF them have to do chiefly with
rules for conduct OF sales and deals on
thu floor OF the exchange. These exist
largely to promote actual business. while
our body has been working along other
hines somewhat. although. OF course. most
ussRul ones"
Mr.. Pattsrs0ns question was not an
severed. but tho topic Win DO up at tho
coming meeting.
Mr.. Patterson was considerably In eVi-
dence at the last meeting. A new mem
her, Mr.. Tate OF the Tate-Erhart firm,
made his maiden speech and In cOnclu-
sion submitted an offer ''tO be OF any
assistance / can TO other members OF
this body"
Mr.. Patterson rose and said he had
100 lots or 50 which he had been
troubled getting rid OF and Mr.. Tate
could ObIiEo by buYing them at good
prica