Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-04-18

recorded. yaiues have stiaened yssiely.
Buyers are anxious and sellers cha-y.
The trade Of the past month has been
in excess Of that of any previous
month, bat viii probably in turn be sur-
passed dHring the month 10 cone. The
whole number OF deeds recorded has
been over three hundred. the aggregate
values being in the reighboghood OF n
half million dollars
II il Al interesting question to sii
citizens to consider h0w much higher ir
psics property can and viii 60 Rsls-
lively property has raised bot little
since 1875. Then % BY so feet vas sold on
the corner Of Commercial and Nil
streets for 5000, while 80 by 50 feet on
the other side Of Co~umsfcial street,
and an inside piecs at that, was sold for
5000. These pieces Of ground. IL va
cant today. could not be bought for
double their cost At thst time. end it Is
not too much to say that they are worth
twice as wuch - they were then But
there are places that viii compare
equally ~ business sites today with
these referred to In 1875, that can be
obtained nov for about the same money
these brought then. Again tbs $1,000
residence lot 1T eight wears ago VAS then
m much In the woods ~ the average
$1,000 lot Of today. Looking at !: In
this wsv lots have advanced in price
bat little, If at all. II mast be refnsn-
bered, though, that lots away up town.
and out of town, in 1875, are now in
many instances as much down town as
the lots on lower Chsrr y street, on up
PER Commercial street, and on Front
street were then. That Is, there Is quite
as much travel past them, business
houses up0n them. and - deLse popu-
lation around them, as there were eight
years ago on the streets mentioned by
| us. We believe this is ths reasonable
| way TO look at 1t. and SO believing We
cannot but think that we'll located lots
bought at fair prices will yet 90 by easy
| stages 10, -, 80, 100 aad 200 per cent
higher than at present.
No portion Of the city has grown more
rapidly during the past two or three
years, 80 far as business and buildings
are concerned, than Front street. A
large number Of buildings have recently
been built, and more are soon to be. G.
r. Stone let contract yesterday for q
two story brick bniiding to cost. when
completed, $1,000. Amos Brown also
arranged yesterday for the building of
block on Front street, opposite the
Puget Foundry, To COST about $1,000
The structure will be 60x75 feet in size,
five stories high in the rear. and three
stories ON the front. The first two rear
stories will DO used as easements. The
first floor above these Easements will
be divided into two stores. Above these
will be sOfne thirty or forty rooms ia
suits. Donald Mackay is architect and
superintendent, and expects to CON-
mence work on the building in about
two weeks. A. A. Smith also contem-
plates the construction of large two.
story building on the corner Of Front
and Seneca streets, 70 cost in the neigh
borhood Of 5000. No contract for
this, however, has yet been let. The
j. q. kenyon block. corner of Front
| and Madison streets, rapidly approach
rs completion, and viii be ready for
| occupancy within n month. Maddocks
new building il now completed, and oc-
cupied by an elegant dry goods estab-
!ishmcnt. A great many more build
| in9s OH this street are Contemplated for
this season. Of which we will speak at
some future time.
One OF the largest inside purchases
made IN real estate during the past few
days was that of two lots near the foot
OF Commercial street, known as the
bullene property, and fraction II lot
on Second street, occupied by the old
brown church, by Messrs. Cyrus Walker
Of Port Gamble, and Talbot of San
francisco, for e22, 600 gold coin.
A an evidence of tho increase in the
Value Of property, or rather the advance
IN price, on or near Lake Washington,
we will cite the following incident.
Somo seven or eight months ago Cant.
T.. w. Holmes of the steamship Missis-
| sippi put three or four hundred dollars
into q pool and bought some property
near Lake Washington. After n while
the Captain came to the conclusion that
his interest in the said pool was not
| worth much. and offered to sell it for
| 500. His friends however persuaded
him TO hold. He did. The property
was divided, and the other day Capt.
Holmes sold his share to 4. G.. Tilton
for $1,000 gold coin. We could gil the
paper with facts Of this kind, but an
occasional one will suffice 20 demon
strate the fact that Seattle real estate il
worth money, ard when placed on the
market will realize the gold.
The contract Tor tho @. p. Stone build
ing on Front street was let yesterday to
Ranke Il Lohse, who will furnish all
labor and all the material except two
panes Of plate glass. These two pares
| Of glass will DO the largest In tho Terri
tory, having q width each Of "a inches,
and q hight Of los. the cost of the two
being about $500. Another feature in
this building not 10 be found ia anv
other will be wrought iron eirder,
thirty feet long. weighing 5000 pounds
and costing $1,000. This girdsf will ba
as much superior to the ordinary cast
iron girdcr as brick In TO lumber for
house building. The work on this
building will be pushed AZ rapidly as
possible. but there will he several weeks
detention occasioned by the inability Of
the contractors to get brick. The oxca-
vations will begin next week, ana the
laying Of stone the week after.
The increased rate Of wages paid car
penters and the increased cost of mate
rial eeem to have no effect whatever in
retarding building operations. New
houses are multiplying in all directions
down town, on the hill tops, out nj
the lakes, and IN the brush and timber
far 70 the north and the south. The es
innate Of \ new house day. or 3s;5 for
the year, seems likely to fall far short of
tho actual number that will be construct
Cd In 1879.
The Improvement Of Washington
street, from the bay back IL Twelfth.
viii have marked effect in that part OF
town. and, unless quickly followed by
the like opening Of other streets, will
divert 10 Washington more than its le-
climate share Of the travel ana traffic,
making property owners glseful In the
raised values OF their lots. We shall be
disappointed. though, il the owners of
property on adjassnt streets do not
speedily move for like improvement.
going back beyond Twelfth.
Que thing that has ssrioualy retarded
the better building Of our city daring
the past two years has been the limired
supply of brick and stone. Every house
that IL VAS poanible 10 construct of these
materials has been built. The opening
at another stoue yard here, at an early
day, will partially relieve the pressure.
While che makers OF brick, by working
day and night, are doing everything i,
thsir power to afford further relief. Il
docs scem. though, as II il will be i'm.
possible 10 put up moro than fise or six
of thess buildings during tbs current