The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-11-15
BOOM IN REAL ESTATE
Remarkable Increase In Property Va
ues In Butte City.


Special Correspondence Of the Standard. 4
BUTTE, Nov. 1.-THE real estate men of
this city do not claim any ''boom" i'm
Butte, but they do claim the most enor-
NOUS advance i'm prices of real estate in
thisc city that can he found in amy city i'm
the country at the present time. The eyes
of eastern men who visit Butte open AS
big as saucepans at learning of the money
made here In property merely by turning
"a hand over. 1t is the pride of Butte's
citizens that the town has been built up
exclusively by local capital. Butte
metz and Butte capita nave built Butte.
while Helena, II " well known, has been
built largely by eastern capital. The
question OF the permancncy of Butte is no
longer ~ matter for argument or discus
sion. Ii is IA settled fact. Indeed. those
who know hest what they are talking
about say that the city is yet in Its infancy.
millions that have been expended by the
Anaconda company, the Butte & Boston
and the Boston q Mont.na on
the city's rs.rmancncy. Confidence in the
city's steady growtl is now expressed by
sional men are taking out their little
wads and putting cvsrytii,ng I'M"
road has added to- the impetus, show
ing that the railroads have confidence in
the place. That the city will outiast amy
Of its young men is well known.
The settlement of this question has NJ
suited in materially changing the appear
an. ..s q" of, Butt u ;ir. a ss..r S nSc '1 b,;iS,n aser re-
ths city. To-day there are five three
story bricks completed and others in pro-
To Inc built. In addition there is To he
built by Lavellc Bros. u five-story bcick
at the corner Of East Broadway and Wy
chan 4 Co.'S. office now is.
West Granite street on the site of tho rock
orics destroyed, by the late fire. w. y.
MaNamara and n: u; Haassr, j. is ~",d'
Bower will in the spring r,.placs. his new
hotel destroyed by fire toy "a six story hotel.
In a certain sense the fire hug may hc said
Ia have been a blessing to the city; for
every rookcry destroyed 10y fire is re-
placed by a handsome bniininE. -
advanced ID per cent i'm the past two
months: In the pact year real cstat" has
in value. few intcrrsting in
stances may be given of unparalleled
rise i'm values. On Ars.'s, Ii, Murphy q
Park and Nlahoney streets for 500. On
August ~ the same lot was sold for S3.:s1J.
The man that bougiit il for sa.:5u sold il
ON August 25 for 5000. The IA who
bought il for $1,000 sold il on August 20 for
$500. A thre.-story hotel il now going
up ON the site. On am opposite corner II
the Butte boiler works. -Four years ago,
Ed Mahnney. who runs the works. bought
had to be driven into making the pur-
chase. To-day the lot il assessed at SlO,-
80 and MIS,d R not he las, sold s,ri d%r
bought N 4OxloO foot lot in East Park
street opposite Tuttie's foundry for $i.ooOo.
1, for $500. Fairfield will erect "a three
story brick there i'm the spring. A lot i'm
West Park street OPPOSITE the napllce
Meyers refused $4,000 for il. Murphy. &
way OF Butte a year and a half ago for
80 apiece. They sold them four months
c ss,,r flor 81 siq <. " B. Wallace IsG IN lots xpr Thi far s ssSs,
T fr a sa," now s%e held at sa.oSS. These lots
NJ. J. Connell bought 100 lots i'm Noycs 4
Upton's addition for $50 apiece. They nre
now selling at from SUI to 500 each. I'm.
was sold last spring to II. Jonas the tailor
for sI4,OoO. Mr.. Jonas can sell this LOT to-
ing OF Deer Lodge on June list sold two
Paul DHyi. for 5000 Shortly, afterwars
Mr.. Davis bought out the two-thirds inter
sIs.o 90 II elats "; ars at the corner O
Canon bought a lot below the foundry on
lower Main street for S2,OOO, sold u foI
$50, and the purchaser has refuse.
the past sixty days. Lots which were sell
ing in south Butte a year ago for sl25 arr
The Moutona hotel, on Montana street
was sold October 1 for Sl.4oo. 1t was sole
the next day for Sl.6Do. and the purchase
has since refused 5000 for il. 4
lot ut the corner OF Mountains
and Gold streets which sole
last April for $500. was sold twenty day
ago for $500. On April Is, William Davis
bought u lot AT the corner of Montan;
and Galena streets for S1.2D. He la
since sold il to- H.. n. Horst for $500.
These are but "a few of hundreds of i'm
stances that can bc given of the rapid ris'
in real estate values. All the abov'
transactions were made by Butte parties
Any person i'm Butte who has invested Il
real estate and held on to il has mad
money. Lots can be bought within thre'
blocks of the end of the cable line IL
Main street for Sl.H0 or 800
which viii! bc worth "a great deal more II
the spring. The present increase IL inostl
east and west. On the east side propcrt
is generally being held to-.
Although Butte capital has itself hithert
taken care of the city. lately Helena ant
New York capitalists have been trying t
invest. New York money is at pre'sen
engaged i'm "a scheme to buy up scvcra
lots in East Park street for the purpose d
erecting business blocks. They have nc
yet secured the property they are aftci
Park street, i'm fact. is having tn
biggest boom OF all. 1t il I'll
most level street in the city an
il il Thought il will become the best bus
ness street. More property changes hand
i'm Park street than in any other Nv