The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-06-01
REAL ESTATE IN HELENA.
No Material Change the Past Week
in the Helena Real Estate
Market.
The Rich Tributary Country to the
City, North, South, East
and West
The State of the Trade, As Viewed from
Various Standpoints-Thc Castle
Road-Realty Transfers.

There is no material change in the real
estate market for last week. Dealers are
holding firm on the line marked out in the
early part of the season, and while transac-
tons are limited to small amounts there is
no evidences of break in the market.
More attention is being attracted to Hell
cna than ever before. Visitors are daily
coming in from abroad with the determine
ton to invest in this most promising city of
the Rocky mountains.
The railroad to Castle is assured, and it
is only question of short time when
other branch lines will be run out to the
rich surrounding mining camps. There is
already road to Rinini and Mnrysville,
and one will be built to Cataract before a
great while, and another to Indian creek.
The city is surrounded by the richest min
ing camps in the world. To the south is
Wickes, Gregory, Clancy and Elkhorn; to
the northwest is Rimin, Little Blackfoot,
Cataract and Upper Basin; to the east In
dian creek and Placer; to the west Green
Horn. Seven Mile. Blue Cloud and other
Big Blackfoot; to the northeast Trout creek,
Confederate Gulch, York, and many other
rich quartz camps that are being developed
and which are shipping good ore, nearly
all Of which comes to Helena for treatment
and the miners for supplies.
The railroad to Castle will open up new
field for enterprise and will mako one of
the richest mineral and agricultural sec
tions of Montana, directly tributary to
Helena. The carbonate mines of Castle
tensive in the world. Leadville alone ri
vailed this famous camp when in its palm
lest DAYS. The resources surrounding Hell
ena are simply immense, and that it will
continue to grow and expand until the out
most limits are settled is only question OF
time.
Matheson & Co. report a continued good
run of business, confined, principally, to
outside residence lots and dwellings, They
are building considerable number OF
the Rroadwater. Northern Pacific and Cox
additions. Their sales during the week
embrace 200 feet on Boulder avenue in
Northern Pacific, and a house and lot on
same street, $40 feet and two dwellings, In
Cox addition, and thirteen lots IN the
Broadwater addition, which addition the
new electric road is bringing into deserved
favor.
Steele & Co. report very satisfactory
week; no very large transactions, but bust
ness enough to keep the staff all busy;
Ames addition during the week and report
more inquiry than usual. They bought
considerable property in the Northern Pa
cifc addition. They believe the Castle rail
road will stimulate activity in Helena AZ! .n and
who lately returned from the east states
that there is great interest manifested in
this CITY and that many people contemplate
visiting the city this summer with view to
investing.
ypi,o %r,rco iora for tho week did not
amount to a great deal but the prices re-
main firm and the prospects are good.
Carl Kleinschmidt says the real estate
market is only moderate at present. but the
outlook was never better.
h. W. S. Folk d. Co., sold house and lot
on Fifth avenue and one on the west side at
good figures. The market is fair. They
have several good deals in hand which will
probably be contaminated the coming
Armitaee l. Pratt say the outlook was
never better than now. They think the
Castle road will be big help to the town.
E. S. French & Co., report a fair trade
for the week and number of investors in
the city looking over the field. :,
Wallace d fhornburg, find the market
fully as good as at any time i'll the history
of the city. Their offices are constantly
thronged with customers and the daily sales
amount to large sum. The firm has CON
tracts in hand for the building OF fully
StNU,UOJ WOItu VI A"SAAiS AouSSo sNAA~ D>AoA
ness blocks.
W. II. Cummins says the market is fair
with no great activity. Inquiries are on
the increase, with purchasers coming III
daily.
John II. Steele Il Co. state that the bust
ness for the month has been good, and for
tho past week fair. They feel greatly en-
couraeed at the situation.
j. p. Dodge & Go. state that the market
is fair, with no change from last week.
John S. Nj. Neill SAYS real estate is firm
He disposed of seventy five lots in Boule-
ward addition during the week. The Castle
railway. the street railway to be built b,
Peter Winnie and friends and the power
company, which proposes to build dam II
the Missouri river and transport sufficient
power here to run all machinery required II
this city, he believes will have the effect o.
stimulating values. In regard to city at
fairs. Mr.. Neill voices the sentiment o.
many others when he says the Rodney stree
railway should either run cars over its lin
or take up the track. The city council
should look into the matter. AS 1t Is nov
conducted the Rodney street railway furn
ishes no accommodation whatever.
G, A. Grissenger a. Co., the Northern IA
cific depot dealers. report an active inqulr
the past week. They made three sales dur
ing the week and have a number of deal
on foot for the coming week. Their busl
ness lies mostly i'll the additions III the VI
entity of the depot, and they look forwart
to large business i'll that section Thu
season.