Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-05-02
A SILVER LINING
TO TIE CLOUD NOW RESTING ON
REAL ESTATE II IL.

i, The Defective Titles Shll I'm the Wa
& of q Lively Marke The Direction /
Which Most OF the Building win b
Done.
I There is a bright future for the real estat
: market, and that not very far off either
The MINER is not at liberty to reveal o
what it's prophecy is based, but when it i
permitted to reveal it, everyone will agre
that the silver lining may now be said to b
apparent under the cloud that has SO lon
depressed real estate in Butte. and that til,
cloud itself will soon drift out OF sight to b.
replaced by the warmth and sunshine o
prosperity. All the agents in Butte agree
that the market has been dispirited Of late
although all report more or less business.
Colonel Curtis, who is holding down the
business of the firm OF Curtis & Majors
with signal ability during the absence OF
that live rustler, his junior partner, reports
several transactions OF moderate dimen.
sions last week. He thought the market
looking up, but whether from the fiat OF it's
back with the Angel of Death sitting astride
the corpse, or standing erect on it's feet
with an excelsior expression about it's
bright, radiant orbs, he did not vouchsafe
to explain. The reporter is inclined to give
the Colonel the benefit OF the last suppose
tion from a long and intimate acquaintance
with the ColonePs hopeful temperament
The Colonel mentioned the fact that he had
then under trade a proposition with an
m a N n apUo mi Qc,f II I~fc
the Colonel owns for lots in Butte--this he
mentioned to show his faith in the future
OF the greatest copper camp on earth. The
firm have an offer of 81 600 for 40-foot
unimproved lot on Main street. ''Tf titles
that are in litigation were settled one way
or the other" said Colonel Curtis, ''there
would be an immediate jump taken IN real
estate. People from the outside want a
title when they buy property-not law
suit. 1t has held back this town so that
some arrangement in the near future is
imperative. There are lots OF our citizens
who own shacks around town who if the
titles were quieted could and would raise
money and put up substantial buildings.
But no one wants to advance money on
with q cloud on it,"
f. r. Irvine, OF the real estate firm of
Irvine & Son, who have recently establish
ed themselves in the business here, said he |
wished he had better report to make, but |
the market was very dull at present. Re- |
had not yet produced any
visible Improvement. Up to this month |
they had done fair business since they |
opened. He believed there is good pros
pect ahead from the number OF inquiries |
being made. There is considerable inquiry, |
but few sales. Real estate has to sell on it's |
merits in Butte and there is no use trying |
TO get up fictitious hoom here. The pay
roll OF the camp is sufficiently high to war
rant much livelier market. Their inquiry |
ZONES from men who want small homes.
is good. Houses are scarce
ind rents high. The advent of therailroads
coming in this summer is certain to raise
boom in the market, and there are other
no effect within a short time.
Mr.. Murphy, of Murphy & Cannon, said
his. firm had found an improved action OF
ate in the real estate market, mostly in
outside property. however. The clouded
titles in town held movement OF town pro-
,erty back. There are plenty Of new corners
ookiug over the field who would buy but
or the conflicting mining titles. Young
business men and men who have been here
or years are making ngoccasional purchases.
There was a party in yesterday from Deer
lodge who made deal but it is not yet
Mr.. Murphy thinks there is
10 use endeavoring to get upa boom in real
state ere as long as the titles are
n their present clouded condition. "Why,
ook at the Smokehouse alone, said he.
1T would take Philadelphia lawyer to
lecide the interest of the various parties in
80 many OF them are out OF
own and unknown" In reference to the
direction that building will take. Mr..
Murphy thought that good deal OF build
ng will be done in the southeastern part OF
he city along East Park anu down Ariz
ma street. The street railroad being there
will have a strong attractive effect and the
act that titles are without flaw there is
.lso in it's favor. He does not think build
ng will spread west of Missoula Gulch as
people ask more for property there than
What it is worth for building purposes.
j. J. McHatton, of Mediation d Lawlor,
. new firm in the real estate but he himself
IN old residenter as things 60 in Butte and
having had numerous dealings in real es-
jate in his law practice, on being inter-
,iewed said he found that people seemed to
want lots more than improved property,
because really good improved property is
200 high in price for the demand. Those
Who wish to invest do not want the kind
If property that is for sale. All the i'm
proved property on the market is OF a
pretty fair class and belongs principally
20 non.residents. The class OF
property that is improved but OF
! lower grade than this belongs principally |
20 parties who hold for the purpose OF rent |
ng and very little OF that is for
,ale at anything like reasonable figures be-
cause, as things now stand, rents pay |
handsome interest on the investment. |
Speaking OF the Building Association re-
,entlv started, he thinks if organized on |
proper basis and the right kind Of men get |
hold of the management--confine their |
operations to building houses On the outer |
edge OF town as they will necessarily have
bo-it can and will accomplish great deal
in building up the town. 1t will assist par |
ties in obtaining houses and paying for
them nearly as easily as they can pay rent. |
It will have most beneficial effect on the
town too, as people owning q home |
in place acquire local interest and are
less given to changing their location to
other towns. They will remain here per-
and it will tend to create home
feeling as ownership OF property creates at
tachments for a town. The more this is
felt the wider it will spread and build up
the town. In his business he has noticed
call for property in the north end OF town
and towards the Anaconda hill, but the
street railroad is bound to bring people to
the south and southeast and in the neigh
borhood Of the depot. Prices outside the
limits are very reasonable for lots. The
great trouble heretofore with the people OF
Butte has been that they want to live too
close to the business center. Butnew comers
will be content to live further away, and
eventually the town may spread over the
fat.
MISSOULA MATTERS.
The Town Still Booming, Likewise the
River-How the News of the Centen-