The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-26
STREAM or PROSPERITY.

SIEAD1 sAHEAM OE FAOSfLhiA H
The steady stream OF outside capital
which for the past year has been pour
Ing into Seattle for investment s;ill
continues. and the result has been
sharp advance In the price OF inside
property. There is so large volume Of
money seeking investment. that many
weiI-informed real estate operators see
indications OF q real state boom.
II is not a, all likely nor IS it desired
that this means q recurrence Of the
era OF Wild real estate speculation which
prevailed decade ago. but there is now
apparent a tendency to invest In well
located uninproved property to be i'm
proved later or held for the advance
which Is sure to come. The difference
between present conditions and those
which existed ten years ago is that now
the commercial supremacy Of Seattle
Is fixed beyond question the disposition
to invest In outside wildcat towns is not
so strong.
Ten years ago 1t was by no means
certain that Seattle would become the
one great city Of the Northwest. While
the residents Of Seattle never doubted
the ultimate result. other localities dis
puted the point so effectively as TO in
euce large and iu-considered Invest
nents at points where only the iniiamed
Imagination Of the real estate boomer
could see any excuse for the building
Up N . city. II is impossible that such
condition should again occur, and
the investments now being made are
Of which must steadily enhance with
tho material growth OF the city
The improved conditions here are but
the result OF the general prosperity Of
the country. which is Increasing in
stead Of decreasing or remaining sta
tionary. Labor was never so fully EN-
ployed and never, az a rule, received
such high wages: the effect OF which
must appear IN large increase OF gen.
eral consumption among the working
masses. Everywhere industrial plants
appear TO be running to their full ca
pacity. and in many cases day and
night. We have here. as the Well
known New York banker. Henry Clews,
points out In his last financial letter.
every element which makes FOR pros
pcrity. Not only Is cur home consump-
ton of manufactured products greater
than ever before. but the export de-
mand was never so great as now
The New York money market. which
for a time showed some uneasiness by
reason Of the demand for money TO
move the crops. is now easy and deal
iues In Wall street are becoming mora
active. In fact. II Is predicted that in
creased railroad earnings, with Il GER
talnty OF largely increased dividends.
Will result In another stock boom
In Wall street. Money Is being rapidly
accumulated. and II Is only the con
slant demand for fresh avenues for the
safe investment Of capital that pro-
duces the present activity in cur local
rsal estate market
The fact that those who have made
large investments In Seattle realty are
we'll pleased. and 81 not hesitate 10 say
So. has Induced other large capitalists
- turn their attention this way. and
The stream Is constantly swelling IN
vslure and Importance The result Is
steadily Increasing demand FOR choice
property which Is gradually belng ex-
tended 20 include acreage and suburban
holdings The rise In values Is steady
ana natural and only commensurate
WITH the growth @. the city.