Arizona weekly citizen., 1884-02-23
THE EXPECTED BOON.
WHAT REAL ESTATE MEN SAY nF TUosoN's
 PROSPECTS,.

There has never, in the history of Tucson, been what is called boom i'll real estate. For the past twenty years there has been a gradual improvement in prices of building lots and the con struction of stores and dwellings and the demand was perceptibly increased when the Tombstone excitement a few years ago brought thousands of fortune hunters to this territory. That was the time when Tucson began to cast off the appearance of Mexican pueblo, on the outskirts of civilization, and expand into an American city. Since then the mu- nicipal changes have been more rapid and a deal more expensive, but the property owners who have longed ana expected bloom" in demand and in prices accordingly, have thus far waited in valn. The indications, now, however, are that the Fl Dorado of a real estate proprietor's desires is not very far dis tant.
 In conversation with Wm. A. Scott, Jr., real estate agent, thIs morning, a CITIZEN reporter was informed that there was constant demand for busi- ness sites.
 "I suppose the present owners ask such sxorbitant prices that would-be buyers are frightened off?" suggested the re porter.
 Yes, we all expect that within the next six months prices will greatly ap- preciRte, and naturally even those who have lots for sale can easily wait that long in expectation of a more remunera- tive transaction. What will produce a better market? The Quijotoa mines, of course. Before that tune they will be developed; undoubtedly a site will be | selected for mill; unquestiorablY hun dreds of men will be employed by the company, and this enterprise will give impetus to scores of other mining com panies in the country. Where one man IS furnished work now, scores will have lucrative occupation then. All this means exceptional prosperity for our city. The wages earned will naturally flow into the coffers of Tucson business men,"
 
 trade ventured the writer.
 Certainly, but 1t appears to me we have the upper hand. Being the me- tropolis of vast territory, and the nearest town of any importance to the bonanza district, there appears no req son why we should lose the trade"
 Are Eastern capitalists seeking in- vestment iD Tucson property"
 Certainly; you saw this by the pur- chase of the Wilkins block by the Le- sinsky Brothers. Pierson has been of- fered good price for his building but refused it, and New York parties re- gently proposed to pay round sum for the school house property whenever 1t was ready to be sold. As I said before no Congress street property need go begging for purchasers. This also ap- plIes tU any business location on Pen nington, Meyer and other thorough fares"
 Has there been much of change in dealings with lots and houses for dwell ing purposes?'
 No. Prices, rents and demands re- main about the same as last year. There have been no monetary fluctuations, and agents can do very little with that class of property, at present. You have noticed of course, inst business Is grad ually moving up Congress street, and hence in this particular, rents above gre increasing, while those in the lower part of the city depreciate somewhat"
 Judge James A. Buell., the owner of BuelPs addition. stated there had been no noticeable change in his part of the city during the past year Up to within three months the purchasing of lots and building had steadily progressed. The prospect for fair market this year Is as good ss last. He expected a boom SO soon as the Quiiotoa question was set tied, and q consequent rise in all kinds of real estate. A smelter here, rail road connecting the Quiiotos towns with Tucson, were all that are needed to give the latter the greatest lift the Ter ritory has ever witnessed. Prices are no lower than last February; if anything. shade higher.