Last updated: 3 March, 2019 19:57
Cripple Creek Real Estate News -> Jan. 25, 1896
-> Found at the Colorado Historic Newspaper site. Or direct to the text.
The Morning Times, Cripple Creek, Colorado.
Saturday Morning, January 25, 1896.
(page 4)
[Images used not part of article]
In Real Estate Circles.

A call on a number of real estate brokers yesterday by a TIMES representative found them invariable busy with deals being consummated every day and many others pending.

Sternberger Bros. report so much activity in the past week or two that they are left with comparatively little on hand to supply the numerous demands of customers. They had been able to get but one house in the past six weeks to let. They have as many as twenty-five applicants per day from people desiring residence houses, and in the opinion of these gentlemen 100 two-room houses could be rented in a very few days.

George E. McClelland reported business rushing in both real estate and mines. He had been kept busy of late with numerous small deals. Mr. McClelland takes a lively interest in the stock market and in his opinion now is an excellent opportunity for buyers of Cripple Creek mining stocks. Such standard stocks as Isabella, Work, Jefferson and others he does not think are selling now at more than half the price as represented by the actual cash value of the properties owned by the companies. He thinks the present dullness is only temporary.

Alexander, Blood & Co., reported fully $30,000 worth of transfers in Cripple Creek real estate in the past ten days.

Wm. L. McCague and brother, formerly of the McCague Bros. bank of Omaha has just opened an office at 114 North Second street. These gentlemen saw Omaha in the days when the real estate boom was at its highest ebb. They are satisfied with the business outlook in Cripple Creek and are starting off with a good business.

C. S. Fletcher reports large sales of lots in the Newman addition. Purchasers are improving their holdings by building homes.

George A. Joslyn of Omaha secured another lot on Carr avenue near Second, adjoining the two he bought last week, and yesterday let a contract for the erection of a three-story brick building to be used as a hotel. It will be 62x100 feet. The contract was let to Richard Smith of Omaha, who built the town of Pullman, Ill. Ground will be broken on Monday and work pushed as rapidly as possible; possibly in sixty days the new hotel, which will contain eighty-two sleeping rooms, will be thrown open to the public.



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