Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1929-02-16
LOT SALES KEEP
LAS VEGAS BUSY

The following is the second oA
two articles descriptive OF Las We
0as conditions recently appearing
in the Los Angeles Times "ri''e'-
by Ben s. Lennon:
LAS VEGAS, New. CExciuslve1-
II isn't true that they are seinne
town lots fifty miles away IIonl
Ias Vegas. as some rumors In Los
Angeles have It. But they are sen-
ino citv lots in subdivisions quIOe
a few miles out from the business
center. and selling them fast. Las
VEGAS. as originally plated, covers
nlentv of g-ound. 1t VIII cover .
iot more wen the subdividers get
ti,ro,,o,, with this boom, If and
when they do. ,o,,
There is 2 divergence of opinion
as to the future of Las vegas
There are pessimists as well as
ontinists-the latter far IN tine
majority. The absence OF "oacK
country" and lack of CONSIDER,
able acreage of good farming lano
with water make the ultra-con-
servative think prices asked LOT
Las Vegas lots and "close IN
acreage far too high. But the op-
timists think present prices are
very. very modest. And some gooo
business men feel the same way.
Sees Long Boom
A w Ham is one of the leading
LAWYERS and citizens of the town.
He has been here ten, or twelve
wears and knows everyone ana
everyone knows him. He is MEM
ber of the local Chamber OF Com
merce. of course; director in one
of the banks, and his Judgment is
generally respected. He thinks Las
Vegas boom is going to last Tor a
number of years.
"I expect to see $4,000 people
here In the next ten years ana
100000 within ten years after the
dam is completed" said Attorney
Ham. This town is going to grow
iptoa city, I honestly believe
Mostly 1t is the speculative class
of buyer we have with us now.
They will pay up to $4,000 front
foot for business property. AFTER
the spectators will come the real
investors. who will go up to $4,000
a front foot for choice locations
in my opinion. -.
eyes. things are moving fast
here The real estate brokers are
making $4,000 month and up sell
ing Las Vegas lots and nearby
acreage. Unfortunately the amount
of land that this section can FUR
nish for the farmer is extremely
limited. We will never be able to
satisfy the demand.
Look To Utah
"There are no considerable tracts
of land in Southern Nevada avail
able for agricultural colonization.
more's the pity. While we have a
fine artesian and pump belt here
the acreage that can be watered
and also successfully farmed Is
limited. We have to tell would-be
colonists looking for thousands OF
acres OF land ard water that they
would better look over IN South
western Utah, where 100000 acres
of such agricultural land are
available and now ready for set
tlement near Beryl In Iron coun-
ty, on the main line Of the Union
Pacific and only a few hours far
ther away from the Los Angeles
markets than we are"
There is a woeful dearth OF
dwelling houses in Las Vegas TO-
day. A California realty man, who
has bought several business lots
and several blocks Of close-in resi-
dence lots, has announced that he
will build 200 houses "very soon." !"
They are needed.
1t is reported that George Wing
field, the Reno banker millionaire,
is going to begin construction i'm
mediately Of a modern foCr-story
hotel with a foundation for eight
additional floors. This also is
needed now. If he does build the
hotel Mr.. Wingfield will establish
a bank on the ground floor, it is
said. This also may be needed to
store the profits Of property own
ers and brokers If the present
boom continues much longer.
IT'S Busy Place
It hailed and sleeted in Las We
gas Sunday morning, but that
didn't seem to interfere with real
estate activities. Autos field with
sellers and buyers kept whizzing
around the town, up and down
Fremont street - the one paved
thoroughfare Of the town-and out
onto the desert, which crowds
right UP TO the scattered homes
and the gray cottonwood trees
which line the long residence
streets.
OF course, in the throngs Of
daily arrivals are many mere sight
seers and adventurers. The curious
who come expecting to see any
thing like the feverish, reckless
activity and abandon Of the old
gold-camp boom times are disap-
pointed. Las Vegas isn't exactly
q Sunday school town; but neither
is it wild and woolly. There is
licensed wide-open gambling, to
be sure. And there is a "segregat-
ed" district, quite true. And one
can get the odor Of moon" on
the breath Of some Of the men
gathered around the hot stoves in
the hotel lobbies in the evening
But the licensed gambling is oh!
so well regulated. No apparent ex-
citement. No drinking whatever
whera the roughly parbed men