, 1890-10-09
REALTY'S ALL RIGHT
A Large Number of Local Dealers
Give Flattering Reports of
the Outlook,
The Market Is Firm. and Eastern
Capital Ia Coming in for
Investment.


The present outlook in real estate
circles ls much brighter than could
be expected, considering the season
of the year, and while the move
ment In properties has not for the
past month been as rapid as during
the summer months, 1t will doubt
less no accelerated by the influx of
Eastern and Western capital within
n short period. The tendency OF
home people ut present Is not to
acquire more property than they are
now carrying, but to improve what
they have with the most elegant and
substantial of homes and business
blocks.
Although inactivity in real estate
would argue u decrease In values 1t
Is not 80 In Spokane. The firmuess
of the market characterlzes the faith
Of the property owners In the value
of the city, and is n strong indica-
tion that values will take an up
ward move when money becomes a
little easier not alone here but
throughout the country.
In conversation with some of the
leading dealers and business men in
general, the REVIEW found that
while some were quietly chatting
with old friends about baseball,
others were husting at two-quick
speed to close valuable deals.
Hon. II. Il. Houghton declared (:
TITS like the premonition of "a
storm, still as solitude for u moment,
then followed by shower that
gladdens the earth with hundred
benefits. At present things are
quiet, but 1 have not heard of any
depression In prices, but on the con-
trary, a steady increase. If it WASH t
for the stringency in the money
market the transfers would be double
what they are today. 1t is u mar
vel, sir, that there Is any money
here to do business with at all.
Why, we've been sending a million
East for building material for long
time without the return of any
thing, but look forward Tor wave
of Eastern capital spreading itself
all over the West, and particularly
in Spokane. February and March
are our rush months here in the
real estate business. 1t needs mud
knee deep to wake our people into
activity"
j. I. McCarthersaid: "With money
close at and 3 per cent. outside of
the banks, real estate must be in
active. When 1t comes down to the
legal rate of 10 per cent. the market
will resume a new life and proper
ties take an, upward tendency.
Farmers are beginning to market
their grain, and, with the miners,
are coming to town to settle. i look
for u stiff market by the 1st of
November"
Messrs Nettleton & Payne were
overseeing the work on their new
residences. They are anxious to
shelter themselves under new roof
before the winter drops in.
Eugene Miller sat looking dream
lily out over the city to where lie
has several hundred lots for sale,
picturifg to himself, like Colonel
Sellers, the millions that were in it.
He was hopeful, and ready to do
business with any one having the
courage to invest. "Oh, yes" he
said, tive are going to have consid-
eraqle outside capital in here in II
short time. Where else can they go?
Nowhere! There Is u wave OF pros
perity spreading itself over Spokane
that will astonish the world. What
better place can young man from
the East find to locaJe? None!
There's no locusts nor insec,s; no
grasshoppers, and nothing but sue
cess awaiting him."
III. y. Belt said he expected a
tannery was soon to be built here;
that considerable money from Chi
cago aud other Illinois cities was
coming this way. "The banks in
the East" he continued, "are anx-
ious to take hold of our paper now
not only our collateral, but our per-
sonal obligations, and show dis
position to loan ut a lower rate than
ever before. The credit of our peo-
pie IL growing outside, and you may
safely say that Spokane will witness
marvellous strides in every avenue
OF business during the ensuing
year."
l.. S. Roberts, president of the
Washington Abstract and Title
Company. was seen and stated that
in comparison with the cities on the
Sound, Spokane was on a healthy
and solid footing. The wealth of
the East Is now commencing to
come this way. Hon. Patrick Col
lins, Of Massachusetts,, recently pur-
chased heavily here and there IL
some talk of General Ben Butler in
vesting here"
Clair Hunt--"If every month Is
as good as September L have no
kick coming"
l.. G. Dillman-"The market Is
Frightening considerably. We
closed one deal to-day for $26, 900.
The outlook, excellent; just closed
another deal for $1,000. We have
given locations to woolen and iron
mills to-day and expect before long
to have many Eastern and Western
capitalists interest themselves here"
Mr.. Dillman permitted the REVIEW
to read few letters from immense
concerns whose language indicate
their enthusiastic efforts to get u
foothold in Spokane.
l.. Voolfolk, of Fisher, Ragsdale
& Co., says: 1--WE get frequent in
quiries from the East. In fact, most
of our business Is done for Eastern