Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-09-18
TIMELY REAL ESTATE GOSSIP
Exchange VIII Discuss City Lots for
Speculation Purposes.
DODGE BUYS AT ALLIANCE
VIII Plat an Addition 70 That
Thriving Town and sell the
Lots as He Has at other

The Real Estate exchange was 20 nave
debated last Wednesday on the subject or
investments In city real estate for specula-
tive purposes. but other topics got In ahead
and the theme went over. II may be called
up a week from the coming Wednesday be-
cause this week the exchange Is to have
present members of the Board OF Education
who Will discuss the report on the commit
tee on city and school bond issues and
this time IL hardly likely TO bo sufficient
for the warm discussion which is sure TO
come
Several members OF the board have al
ready notified Secretary Harry Turkey. that
they will be present and will be there
loaded 10 the gunwaies with facts and fig-
ures and ready to EXPLAIN and refute the
remarks OF the committee report.
1t bids fair to be the liveliest session
the exchange has had In some time.
The postponed debate comes about be-
cause OF an editorial published some months
ago IN The Bee. This editorial took the
position that speculative purchases of city
real estate are bad for development; that II
Is much better that buildings should go
up at once and that property should not be
held unimproved for long periods of time.
1t was stated that Omaha was to be con-
graduated because there has been little
buying and holding here purely for specu-
lation. Perhaps most of the exchange
members agree with this view, but one or
two do not and President Wead has found
them eager TO express their views to the
contrary. So the subject, which is one Of
interest will be talked out at length when
thu time comes.
The N. p. Dodge company last week
bought a forty-acre tract at Alliance. which
lies north OF the fair ground at that city.
The tract is now being plated and will be
put on the market at public sale in a short
time. The Dodge firm has laid out many
additions in cities of the west and south
west and seems to have got hold of a good
thing at Alliance. II. r. Reddich of ALI
ance has been appointed local agent.
A Douglas county farm OF 100 acres sold
for SOS an acre Thursday afternoon at pub
lie auction at the courthouse, the farm
being part of the estate of Robert Dins-
dale and lies four miles from Benson,
about two and one-half miles from the
military road. The farm was sold to clear
up the estate.
The sale attracted nearly 100 men, among
whom were John d. Creighton. A. L. Reed,
ID. v. Sholes and r. ID. Wead. Scores OF
farmers we're at hand also and several of
them took hand in the bidding, the at
tendance showing what an interest is
taken In good farm land OF the kind.
The Payne Investment company OF Omaha
has just conducted with great success a
first excursion to the Arkansas valley OF
the Colorado taking two carloads Of people
there who bought 2.2OS acres in one day
the sales aggregating SOL, 100. Another ex-
cursion will be conducted In a short time.
Total transfers for the week were not big
and some dealers are feeling blue. Inability
TO borrow money is one cause Of the lack
of sales, a condition by no means OF local
limits. Building and loan associations de-
clare they are placing all they can, but that
their deposits are now heavy enough to jus
Sifv mora advances than ara hainu voodo