Evening journal., 1912-12-21
REAL ESTATE
MARKET DULL
Agents Predict Rush Of Sales
After the Holiday
Season
BOOSTING VALUES
OF MANY PROPERTIES

AAN ANaA N1AtAAS hAttA hNA ARhhAlA4No ~
be dull on account Of the holidays,
but local dealers say that the present
lull is only temporary and is always
experienced at this season.
"I hardly feel like talking real
estate at this time in the year said a
prominent dealer yesterday, People
are thinking OF other things than real
estate now. The merchant although
he may expect to buy property and
enlarge his business, or erect a resi-
dence. has no time to think over such
matters at this time He will put
oil an thought of real estate until af-
/ ter the first of the year, and so it is
\ with everyone else When the
/ Christmas money is again put into
circulation, property owners will find
ready market for their property
and with the present prosperity, 1913
promises to be one Of the best years
that local real estate men nave ever
experienced.
The demand for Market street prop
erty grows greater every day. With
the building of the DUPONT Hotel and
the prospects OF a county and muni-
cipal building directly across from it,
property values in that neighborhood
have gone up by leaps and bounds.
u is said to be almost impossible to
buy any property in that vicinity for
less than a sixty per cent. increase
over the price of one year ago.
Real estate agents and property
owners are indignant over the action
of the Board Of Water Commissioners
in giving first and second readings to
the resolution providing an increase
in water rates. The agents say the
action is unjustifed, to say the least.
One dealer cited a case of one man
using much more water than his
neighbOr.
Our houses we're alike, and our
families the same size. yet / used
many more gallons of water than my
neighbor The difference between
our consumption OF water is account
ed for in the fact that my neighbor's
family was away two months last
summer, but the Water Board does
not and cannot see these things, al
though Just such cases like mine have
brought on the charges Of waste
{ When the board finds q leakage OF
, 10000 gallons per day in its own sys-
! tom, I don't see where it has the right
: to raise the water rates under the
guise that il is preventing waste
During the last year property In the
2 Seventh and Ninth wards has increas-
ed from fifteen to twenty per cent in
? value More than one hundred and
, fifty houses we're built in the Ninth
? ward during the last fourteen months
: costing from $1,000 to $4,000. Almost
{ as many have been erected in the
Seventh ward.
S With the lull in the real estate
market there has also been a cores
e ponding decrease in building opera.
4 ton Architects and contractors are
b finishing old jobs, but a comparative
2 ~ small number OF new operations
! have been started in the last tive
] weeks. Until the first of March con
4 tractors expect to be Handicapped
greatly on account of the weather
: which in many cases will suspend
d building operations entirely for the
o next two months.
e w H. Haddock and Company hal
k been awarded a contract to build /
e signal tower at Newark for the Penn
If sylvania Railroad Company. The
J, tower viii cost $4,000
# The same company is also rushing
d the work on the new Odd Fellows
: Hall and will finish the plasterinl
today.
II The ice house for the Charles War
d ner Company is nearing completion.
Il The A. s. Reed and Brothers Com
4 pany has entered bids for the build
! ing of four houses for De Haven Nor
r. ris. on Tatnall street between Eigh
N teenth and Nineteenth streets. Thl
house are to be two stories high, o
Il brick. with five rooms and bath.
n The same company has also receiv
i ed two more cars Of steel for the Of
y flee building which it is erecting a
(, No. S11 Market street for Frank
= Dure.
~ Work on the Young Mems Repub
y lican Club is progressing rapidly.
y Roscoe Cook Tindall. architect
y preparing plans for two houses TO b.
erected I'm Chester for James b. ker
II lin They will be three stories high
of brick with slate roof and will b
finished I'm chestnut
The contract for the store for Mis-
10 T.. E. Guthrie to be built on Guthrie
.o Lane has been awarded to Alfre
)l Downard