The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-05-25
REAL ESTATE IN HELENA,
Reasons Why Helena is Bound to
be the Great City Of the
Mountains.
Transactions in Realty Not so
Brisk as Might be Ex-
pected.
Short Talks With Dealers on the BUSH
ness of the Week-Transfers-
Building Permits.

ness Of the Week-Transfers-
Building Permits.
No especial activity has been noted in
real estate the past week. About the usual
amount of sales have been made and while
some dealers look for heavy transactions in
the near future, others less sangulne, ex-
pect no great activity this season.
But all are firmly convinced that the future
has in store rich reward for those who are
content to wait. At the present time the
coast appears to be attracting great deal
of capital and spectators. Thousands of
people are rushing to the sound and cities
are being rapidly built. But the question
is asked OH all sides, what is there to back
up the country on the coast? Conservative
citizens from Montana who have been there
and looked over the ground say that this
state has infinitely greater resources;
better climate and greater possibilities for
profitable investment. the mines are practl-
cally inexhaustible; the sheep, cattle and
horse industry is superior to any
thing in the country and the
agricultural resources are equal to any, IN
the union. Helena is the centre and chief
city of this great state, having the advan.
tage of four great transcontinental railroad
lines connecting with all the prinalpal busl-
ness centres of the United States and Can
ada. Manufactures are spr:nglng up;
operation, union stockyards and an i'm
mense beef canning establishment have
been projected and will be in successful
operation in short time. A company has
been organized for the purpose of convert
ing the Missouri river in to an immense
of A r. dom ia tn
be built fourteen miles northeast of Helena
which will develop by means Of turbine
wheels 10000 horse power. This power is
to be used for manufacturing, lighting,
running street cars and all manner OF ma
chinery in this city.
Helena is fortunately situated in this
respect as we'll as in all Others tending to
her advantage. new railroad is projected
from here direct to White Sulphur Springs
and the great carbonate camp OF Castle
mountains.
When the situation is properly reviewed
it will be readily seen that Helena has ad-
vantages that are unsurpassed. 1t requires
no stretch of memory to recall the time
when it was predicted that it would not
pay to run street cars in this CITY,. Now we
have not only horse cars, but steam and
electric motors. all in successful operation.
The Broadwater hotel, pleasure park and
plunge bath are not equalled in the world.
The business blocks and residences are
credit to any city, and the time is not far
distant when 100000 people will live and
thrive end prosper in the metropolis OF
Montana.
During the week just passed business has
been light with Steele & Co. A few unim-
portant sales have been made, and inquiry
for bargains been constant, but for some
reason buyers seem little shy-Waltlng, 1t
seems, to see which part of the city will
boom next. At present the greatest activity
seems to be in the Broadwater addition
owing to the impetus the electric motor
gives property in that vicinity.
Wallace d Thornburgh find the real es-
tate market active and report a number of
Sales They have many building contracts
on hand and will keep corps of men en-
ployed during the summer in building bust
ness blocks and suburban residences. Their
contracts at present aggregate upwards OF
half million dollars. The firm is one of
the most active and energetic in the city
and is meeting with remarkable success
Wilson & Leslie disposed of a number of
lots in the different additions and have
some good prospective deals on hand.
b. W. S. Folk returned from Butte yes
terday in time to dispose OF S4,ooo worth OF
property in Grand avenue. He also dip
posed of twenty-five lots in Silver Bow
Park. and reports the market fair with q
number of good sales in hand.
Carl Kleinschmidt reports the market
quiet but manifested his good faith by pur
Witherbee 4 Wheeler say real estate has
been good this week. Sold 300 feet i'll Syn
dictate addition for $2,7OO. $50 feet III North
ern Pacific addition. and have several deals
in hand that will be closed up the coming
week
John Il. Steele g. Co. report the market q
little slow and buyers scarce, but look TO
better times in the near future.
j. p. Dodge a. Co. have just listed tn
east side Flowerree addition and larg
number of lots i'll Ming's west side add
ton at prices which are deemed exceed
inclv low Sales are not numerous bu
large when made. They state the mlnln,
business never looked SO we'll as now.
Z. S. Frcncl, d Go. are doing first rat
business and report times better thai
usual. They sold several houses and lot
and some acre propercy.
Armitage d Iiatt say the week has bee
quiet hut the market is moving satisfacto
rily with brighter prospects than usual.
Douglas IL Boyle are making things livel
at the depot. They have made number q
sales i'll the Northern Pacific and Flowe
Garden additions and have all the houses
that neigAbonhood rented.
John S. M. Neill expects to close up
large transaction III real estate within fe
DAYS. He states that the market is fairl
good with indications of lively times aheat
Porter, Muth Il Cox sold a number {
lots. They have no Gears as to the future {
Helena and anticipate a steady growth an
increasing prosperity.
Jacob Loeb, who is both conservative an
careful in what he says and whose view
are backed by sound Judgment and expert
.pce believes Helena is destined to be
great city, but needs more manufacture
and improvements. The real estate MAJ
ket is fairly active.
VIM. DeLacy states that the market ha
been quiet for the past week, with no espet
ial sales. but some cook propositions ahea
which will be disposed of i'll short time
eastern investors.
j. Il. Floyd-Jones finds no materi;
change in the past month. Sales have bee
light all around, but the market Is holdnl
its own. with prospects of better tim'
ahead.
w. T. Cummins reports trade fair. vii
no special bargains for the week.
Real Estate Transfers.
Tram = II