Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-01-29
TIMELY REAL ESTATE GOSSIP
Migration Of Retail Stores to Six
teenth Street Occurs.
DISTRICT UNDERGOEs CHANGE
Refusal Of Insurance Companies to
Make Desirable Loans DisclOses
Remarkable Financial Cone
dition IN Nebraska,

Curing the last six weeks five business
establishments have moved their former
quarters to new ones. and the shakeup has
tended to leave sixteenth street with an
added strength as o retail district Real
estate men generally concede that SIX
teenth street gradually is becoming the real
mart Of the clty's retail world. within the
stretch from Cunning street to Leaven-
worth street
The larger factor in causing the general
exodus from the district further west has
been the Wcodmen Of the World project
which win involve the vacation Of the
property at Fourteenth and Farnam streets.
u IL believed though. that there is ma
tural tendency at hand toward a slow re-
moval OF many stores from the downtown
district to sixteenth street
Milton Rogers & Sons store was one ot
the biggest corners involved in the change,
taking q new home at Sixteenth and Har-
nev streets
The removal Of the Union Quilting com
pany, combined with the Peoples Quitting
company, into their new quarters at six
teenth and jackson streets, was another
very important change
Clark Company's Removal.
Probably the most noteworthy business
removal Of all Is that OF the Walter c.
Clark company's retail department from
Fourteenth and Harvey streets to store
rooms in the city National Bank building
on Sixteenth street The deal involving the
new quarters by the Clark company was
closed last week with this lease the City
National Bank building filled It's last va
cant storeroom. u was announced that the
new tenants would conduct exclusively its
warehouse OF the company would be main
tained in its old quarters
The Rock Island ticket office and the
Albert Calm mems furnishing store ar
ranged TO exchange locations, each moving
across the street into the others former
quarters at Fourteenth and Farnam streets
The Moritz Monhcit establishment has re-
moved from iill Farnam street to Sixteenth
and Harvey streets
For short time it was thought in real
estate circles that a move would be made
by several firms to have Douglas street
extended from Forty-ninth street to Fifti-
eth street or possibly beyond. but from
statements made last week by the inter.
ested parties, the project is not likely tc
be undertaken. The proposed extension OF
the street would necessltate the removal
OF the home Of Il. d. Reed. which stands
squarely on Forty street facing Doug.
las street.
Loans BeinE withheld.
Food for considerable thought has com,
20 the notice Of local realty men in the
attitude Of NONRESIDENT life insurance com
panies to reject an enormous percentag,
OF real estate loan business this winter. II
Is generally announced that the. companie,
have declined to increase the amount sci
aside for such loans in this state Tn,
strongest demand ever known for loan,
on reliable property now is being felt anC
1t is thought that tho companies could &C
commodate five times as much business
as they are doing. were It not for the con
sentative attitude on their part.
An Ohio company has loaned 81 900 900 o,
agricultural land in Nebraska during Tn
space of sixty days This was the tota
appropriation set aside for such bushes
IN this state up 20 March, and It was en-
tlrely negotiated by December l. A cal
from the agents in Nebraska for the is
suance OF Se50OO0 more was issued, but
was turned down. II is thought possibl
the company will comply with the pressin
demands before February.
Enormous Demands Made.
We have our choice Of the very hes
farm lands" said the agent, but the dc
mand seems to be equally strong In a
other parts OF the country. and the CON
panies are able only 10 accommodate
very small fraction Of the desirable bus
ness offered them. The enormous pressur
this year may be judged from the IA,
that December ] is ordinarily the tim
when we begin to make loans, wherea
we have already completed 100000 ,
Investments, and are practically out Of II
Fields for further loans"
notwithstanding the extraordinary 4,
mands Tor funds on Nebraska farm proI
erty. II is reported that the agriculture
population seems TO be well supplied wifi
money An instance showing this conditio
is the story told by one local agent ~
farmer borrowing 5000, and afterwarf
disclosing the fact that he had SIS 900 in :,
nank, and was taking the additional mon,
merely to complete the purchase price
large deal he wanted 70 make
IN city real estate affairs the announc
ment was made last week BY Mrs Herbe
l. Cook that the Colonial apartmen
would formally be opened 10 its fuIe
capacity Is matter Of conslderab BILE int
est The apartment house is located
Ihlrty-elghth and Farnam streets. II is
unique venture, offering for occupan,
furnished and unfirnished apartments a,
NiWheheltes' large billiard room Al
aining room for the exclusive use OF 10
ants have been furnished on the low.
floor.
The biggest real estate transfer Of Il
week was the sale OF the ground AT /,
southeast corner OF Sixteenth and Ru
streets by Mr.. and Mrs Catherine Dapab
TO A. w. Wagner The lot is sixty r.
square. The consideration was S7.Ooo
C. c. George & Co. sold lot in f
Happy Hollow section TO r. l.. Johns
Cor $3.50