The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-05-18
REAL ESTATE IN HELENA,
Transactions for the Week Com
pare Favorably With Any
Week Of the Season.
The Prospects for Lively Trade
In the Near Future
Never Better.
Discussion OF the Missouri Water Power
and Concessions Demanded by Nom
Residsnts-ReAlty Transferk

The situation in real estate is unchanged
While some firms have been making large
transactions others have not been 80 fortu-
nate, consequently there is good and bad
side to the situation. But taking it alto
gethsr, everything appears entirely favora-
BILE for good seasons operations. Those
who are making the largest transactions
have been preparing the way for some years
and are now reaping the reward Of their
industry and foresight.
There is one thing that strikes the man
Of average intelligence as rather peculiar,
and that is the attitude taken by certain
investors here Of late. A gentleman from
st. Louis says that unless $4,000 is sub
scribed toward an advertising fund he will
not build certain structure costing $780,
600. Another party OF investors say Broadway
must be graded or they will not build such
plated. Now, this seem to the average citi-
zen somewhat hypercritical. If the people
are willing to contribute $780, 600 toward ad-
vertlsing the resources Of Montana, we'll
and good, but they are not obliged to do 80
because one man says he will not erect
Neither is the city obliged to grade Broad
way under any such conditions as stated.
If the city government finds, upon investi-
cation, that it is a good thing to grade
Broadway, we'll and good. But it is not
obliged to do so simply because some in
such is the case. If this thing is once be-
gun to oblige every man who invests money
here the city government will soon have its
hands more than full. Letneeded improve
ments 60 on, and where resident or non
resident suggests Improvements, if they are
vnor;%orioro thov will 6ouhtlesS roNoive fa.
vorable consideration.
The Missouri river power scheme Is still
attracting great deal of attention. If it
proves practicable there will be much more
interest manifested in Helena than hereto
fore. The power alone will be worth mil
lions to the city and the water, if brought
into the Prickly Pear valley, will prove of
inestimable benefit. The surveys are now
being made and no doubt is entertained
about the success of the scheme.
of the city, there is steady demand for
residence houses, and great many are now
under way and hundreds more contem-
plated. Helena is not having boom, but
q steady, healthy growth, with the best of
indications for bright and prosperous fu-
ture.
Helena is the peer of all western cities.
In six years she has grown steadily and
almost uniformly, without boom or unusual
excitement from 1000 inhabitants to Is 900
and has increased in wealth and buildings
proportionately. There is no case on record
in price, the tendency has always been
upwards. Wallace g. Thornburgh report
that they have never made real estate
investment for themselves or others since
for less than 10 per cent advance and the
average in the past four years has been
over 80 per cent. What other city in the
United States ever opened up an addition
one-half a mile distant from any residence
and in two weeks time saw forty fine dwell
each contracted for, on same, and every
dwelling to be occupied bv the builder.
Lenox, the new and delightful eastern ad-
dition to our city furnishes this record.
To day its situation is marked only by
pegs, burrows and numerous signs designat-
ing the sites selected by builders. Within
ninety days at least two score of handsome
residences will be in process of completion,
an electric line of railway will be in opera
ton, finished drives extending from Main
pleasure seekers. and Lenox will be small
city in itself. Wallace d Thornburg an
nounce that yesterdays sales of lots in this
addition amounted to 81, 500, and six new
builders have chosen sites the past week.
Lots are now on sale for specu!a tors as we'll
sales the past week to Hon. G. g. Symes
and Messrs. Kuntze Bros, of Denver, Col;
also contracts for two buildings to be erect.
ed for Boston capitalists. They have also
sold seventy five lots in Flowerree addition
and a half interest in valuable mine not
money for investment than ever. Within
the past two years they have invested for
eastern parties over $1,C00OO0 in Helena
mortgages. The more Helena is advertised
in the east the more money comes to our
city. Every resident of Helena in travelling
should talk of our resources and products,
our wealth and our climate. Denver
capitalist being asked. what makes your
city grow? replied: Every resident of Dem
yer is walking advertisement and says a
good word for his home whenever he has
opportunity"
Jno. s. NJ. Neill says this thing Of demand
ing concessions from the city and the peo-
pie should be frowned down upon. II the
propositions to build on Broadway and
North Main by outside investors is found to
be meritorious, then the structures will be
erected. If not then all the advertising
and grading that can be done would not
induce the building of single house. If
the proposed buildings are good invest
ments they will be put up; if not they will
not. Real estate is good. Mr.. Neill states
eastern parties that viii 70 through in few
days. He believes Henry Willard should be
royalty entertained in Helena on his visit
west this season. A public speech from
him would be worth great deal to Helena.
He should also be induced to take an inter-
est in the Missouri river water scheme, and
bring along his wealthy friends.
Steele g. Go. have nothing of Importance
to report for the past week. Business has
been quiet but prices are very firm and the
tendency is toward a decided advance in all
parts Of the city.
j. w. Thompson says real estate is pretty
good. There is confident feeling in re-
gard to the future and prices are maintained
lat about the same rate as heretofore.
John r. Steele & Co. report the situation
quiet from their standpoint, with but few
sales, although the future prospects were
never better.
]. Il. Floyd-Jones is very enthusiastic
and believes in systematic advertising. DE
finds real estate firm, with many prospect
i've investors.
A. P. Dodge & Co. state that real estate is
holding its own. They are well satisfied
and believe that Helena has an immense
future. What we need is more vim and in
terest. The business men are not organized
right. They have made some good sales
and have several large deals on hand. The
firm is about closing up a large mining
deal.
B. w. S. Folk q Co. report a fair trade,
and while the market is not especially &C
live. they look for good times later in the
BeasOn.
Carl kleinschmidt states that real estate
y quiet, but prices remain firm.
Wilson 4 Leslie aav the real estate v,arket