The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-10-07
BIG REAL ESTATE DEALS.
Two $40, 900 Cash Transfers-RevivaI o.
Trade IL Helping Realty.

Crawford Conover yesterday purchased
of Madison Street Cable Railway Company
fourteen acres of land, which lies east of
the long trestle on Madison street and is
intersected by the cable road, for sc. 600
cash. They will plat and sell the land ign
mediately. Speaking of the real estate mar
ket yesterday, Mr.. Conover said:
This purchase OF ours today We Will close cut
in ninety days at a fair profit We could got
have done that six months ago. That Inesus
that We are ON the up grade again. GeneTal
business has been feeling the revival foI seyesal
months, and some of the merchants tell fne
that their sales are % per cent greater than at
this time last year. Our bank ciearances, Pro-
badly the truest indication, are also way in
excess of last year, and there can be no furtber
question that we are emerging from a rather
trying depression into an era of great prosperity
and OF great things for Seattle. The real estate
market Is always the last to feel revivifyfng
influences, but even that corpse is surely becosn-
ing animated again. President Hill says the Great
Northern railroad will be completed to Seattle
by November Is. This is an event OF the very
greatest importance to the whole Puget souud
country in general and to Seattle In par
ticular, and 1t as yet has not created the
faintest STIR Never before did a great trans.
continental line build to the seabosrd and create
no more excitement than this has Three years
years. Now We are bound to enjoy all OF the
great and legitimate benefits of this great enter
prise in the future. senator Allen Is very CEN
fdent that We will get an appropriation for the
Lake Washington canal at the next session of
congress-. While hope this enterprise will got
have such fatal and disastrous effect upon
Tacoma as the Ledger predicts, it does mean
more than any OF us fully realize for the state
and for Seattle. Our next era of prosperity will
be largely one OF development, aud Gorge
quently will be OF far greater value than sny
that has preceded It. One OF the worst effects
that Puget sound has suffered from the rec=nt
depression, which, of course, was not local
but world wide depression, is the slandereIs
and lying reports that have been circulated abs,tt
this country in the East We will soon be as3ie
to counteraete this effect, though, think. FOR
instance, here is a letter received today frs.m
one OF the wesithiest investors in Kansas CIV
He was here twice last year, but each time .9e-
cided that 1t was not yet quite time to invest.
In this letter he wants to know what founss-
ton there Is Tor the report that times are brigt-
ening here and that real estate is beginning TO
move. He will undoubtedly come out to maze
large investments as soon as he hears from rs.
Amos Brown has purchased of Cast.
William IL. Taylor the two lots, makirg
10 feet square, at the southeast corner of
Tenth and Spring streets Tor $4,000. TFzis
is one OF the finest double corners in TIE
city, with magnificent view. and Mr..
Brown will build handsome residence IN
the site IN the near future. The purchase
was necessitated by the fact that his pres
ent residence, which he has occupied for
several years, is being hemmed in. by brlak