The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-10-05
REAL ESTATE NEWS.
Safes Increasing and Prospects Good.

Sales Increasing and Prospects Good.
Since Mr. Hammond first announced
he would build the Astoria-Goble rail-
road, three months ago, there has been
but Mite change in the condition Of the
local real estate market. Not the Slight
est sign Of a furry has come to brighten
the hopes Of the real estate broker and
property owner, and they have continued
to watch and wait and hope Strangers
have come into the city with the lnten-
tion of investing, but there was quite too
much doubt in the minds Of the people
who dwell here, regarding the building
of the railroad, to establish anything like
confidence, and as rule the visitors have
| gone away without leaving any cash in
Astoria, other than the amount of their
| hotel hills.
| During the past week there has been
decided change for the better, no doubt
caused by the letting Of the contracts for
construction Of the road and Young's bay
bridge. Confidence, in a great measure,
has been restored and with it comes
a general demand for property, mostly
in the residence part of the city. A few
good sales have been made during the
week, an encouraging feature being, that
most Of them were made to outside pur-
chasers The real estate agents report
much inquiry by letter; and not few
of those writing contemplate moving TO
Astoria.
During the past month there has been
a great deal of bonding done over on the
west side of the bay, and a visit to the
engineers office shows that not little OF
it is being plated ready TO be placed
on the market, OF course, there is bound
to be great deal of worthless property
put up for sale, but Il Is safe to say
that anything along the waterfront on
either side Of the bay. will go off in a
hurry. The buEding of the Youngs Bay
bridge. so that people can reach the west
side without taking boat, win give an
impetus to the movement Of property
on that side, especially to that nearest
the bay. Property owners on this side,
however. do not fear the boom that Is
expected by the westsiders and are going
merrily ON preparing for the good times
that e.re expected with the commencement
of railroad construction.
There is a growing sentiment among
business men and property owners that
the chamber of commerce membership
should at once be augmented. An effort
should be made to attract industries to
Astoria that will give employment to
sklired labor Through the chamber OF
commerce a world of good can be done
in this line, and nothing should stand in
the way of the citizens getting together |
and starting the, ball rolling.
II is altogether probable that the prop
erty owners on the east side Of the city !
will be very liberal with their water |
frontage to anyone seeking to locate an
enterprise here demanding such site. |
A Portland firm are now considering a |
from the Aiderbrook people |
to locate sash and door factory in that
part of the city, and 1t is probable that
It will be accepted, Other parties owning
in that end Of the city are |
working for similar enterprises.
One thing Is certain; there wf.G rot be
much OF stir in Astoria, even though |
several hundred men are at work build
ing the railroad, until the parties here
who are most interested get in and adver-
tise the city abroad. AS a certain prom
Inent merchant remarked yesterday:
EVERY man In ASTORIA should take
copies Of the local papers, at least once
each week, and send to his friends. If
anything of advantage to the city ap-
pears, mark 1t with a blue pencil and
send 1t to as many acqualntances as he
san possibly afford."