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Jackson real estate boom shows big Memphis buyers
Jackson Mississippi May 31 1905 large transactions in local real estate In the past twenty four hours Messrs Carnes and Jones of Memphis owners of the Jackson Street Railway bought the Norvelle ore on the property adjacent The Crooked notable deals include Carnes and Jones acquiring a majority stock of the Jackson Company near 90 000 stock final freeholders retain possession The hotel will be remodeled two stories added They also bought from J A and J S Jones the McKee property near gate for a portion Memphis capitalists are acquiring stock of Capital Light and Power Company J A and J S Jones bought Cibanissa property on Capitol Street for 20000 They also bought Ned Farish property at Capitol and Farish for 30000 The Jackson Lumber Company bought a three acre tract on North Gallatin Street for 10500 Carnes and Jones plan to spend 250 000 in Jackson in the next year Total value of transfers and improvements exceeds 500 000 Mrs J C Bishop has left for McComb Also an offer for a seven room house for rent via Mrs A Cobn