The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-12-02
Something About the Science of
Making Money in Dealings
in Dirt.
People Who Are Coming Into the
New York Market as
"~ Buyers. #F a
Theories of Speculative Bu~yers-Inquir-
les Of BuiIders-Holding Until Spring
Little Suburban Dealing.

Ine lHBE week, says the N6W 1OTk llmeB,
was quite s%ventful in private sales in real
estate. Nearly all the prominent brokers
seemed to be engaged in negotiations that
promise to be successful, and they conf
IDENTIFY expect that within the next two or
three weeks the record Of sales registered
will be much in excess Of the average. Con-
tracts have been closed for some very i'm
portant purchases by investors, and it is
only necessary that title to the property
shall be proved in order to complete the
sales. Every one who is engaged in the
business Of selling real estate feels that the
year will close successfully and that the
record of sales will be satisfactory, even az
compared with the very large aggregates of
several years. beginning in 1856.
Those who. are coming into the market as
buyers seem to be composed in part of in
vestors and in part of an element that is
speculative in the best sense of tho word.
Men of means are acquiring homes for
themselves, not 80 much because they seem
to be in immediate need Of owning the
houses in which they are to live as because
they believe that property can now be
bought moro cheaply than it will DO pos
sible to buy it next year, n at a consider
able concession from the prices that were
asked for it two years ago The speculative
element in the market appears.t to be infu-
enced by much the same motive. Such
speculative buying as has taken place lately
has been made with reference to a long
turn. There is no expectation that there
will be a sudden squirt in values, but it is
believed that tho long dullness in the real
ou&ofn mi Lrn N~A~tr1 n ~~,-.. IA
ence about as far as such influence onn 20
in New York property, and that the time to
buy at the cheapest is ut present. A great
deal OF property is thus quietly absorbed Of
which no special mention ID made. and of
which there 10 no record except at the reg
ister's Office. .~
Some OF the Spectators who are in the
market, expect, OF course, to realize profits
upon their purchases in the ensuing season.
They have watched quite carefully the de-
mands OF builders and have calculated the
chances of clearing profit in tho spring
from that class OF buyers. II Ia not now
Thought that profits 30 secured will BIO
to pay we'll for the use Of the money in
vested, and this seems to be the aim Of the
present buyers. Other speculative buyinp. |
] eprSsentinR the bulk Of purchases In this
line. has been OF property not. within the
thickly settled districts, but in immedi-
ntely outlying lands, which may become
more valuable than ut present by some
sudden chance, but which, it il believed, |
can DO never less valuable. A good deal of |
property at the upper end OF the island ii |
slowly changing hands to purchasers who
are buying because they feel that values
have touched the low point and that an in
crease IN we'll assured, although they may
have to wait some time, for a paying profit.
Tho inquiries of builders are directed to
The settled districts and to districts that