Kenosha telegraph. [volume] (Kenosha, Wis.) 1850-1854, 1853-01-07
Prospects of Real Estate In wisconsin.

During the past three years, the prices of Real |
Estate in this state have been low, and the market
very much depressed. Until quite recently, far
ming lands were in bat little demand in this coun
ty there being but few sales and those few scarce
" covering the original cost of the lands and the
improvements. Several causes conspircd to pro-
duce this depression in the Real Estate market
the most prominent of which were the successive
failures of the wheat crop, of the chief staples
of our agricultural productions, and the Califor- !
MIA emigration. These canscs of pccuniary en-
barrassmcnt, bore heavily upon the interests ofthc
people not only Of this section but throughout the
state. During the past year, however, farmers
g have realized good harvest prices for most all
kinds ofagricultural prOductsha been good AMI
the emigration mania has mostly subsidized. The
result Is confidence in real estate has been rcstor-
cd, business has been revived, and better feeling
prevails among the agricultural and business elias
scs.
Real estate is still low, but its tendency is now
upward AS an evidence Of the increasing conf
dcnce in real estate there were perhaps ten farmers
in this county, who, two years ago, were anxious
to dispose Of their farms, where there is one now.
The desire to sell out, which prevailed so extern
sively, has pretty much passed away and people
feel more at home and more like being permanent
ly located. Real estate is however, still low, and
doubtless, there never will be another time in the
history of this state when farms can be purchased
TO SO gool lvantag, as now. There was never
amore suspicious period than now, for eastern men
who wish to locate in the west for the purpose of
engaging i'll the pursuit of agriculture, or who wish
to realize handsome profits in the rise of real es-
tate purchases. No investment of capital can be
made with greater certainty of success than in the
purchase of farms in this and adjoining counties.
No fact can be more evident to discerning mind
than that the present prices of real estate must be
doubled and treblcd in this section of country in
avery few years. The reasons for such conclusions
arc not chmerical they arc founded on re-
liable basls-thc tendencies of trade and commerce
and the results arc certain as the law Of supply
anil demand.
The continual opening of new channels oftradc.
the rapidly increasing facilities for transportation
enthc East and the West, and the humiliation
OF distance by The multiplication of Railroads
musthavc tbs inevitable tendency to bring the price
of real estate in this part of the country, to lust
York and New England If lands in Western
New 1ork arc worth on the average from fifty to
seYenty-tve dollars per acre, then lands in Wis
conSn OF equal productiyeneSs and under cquaI
improvements, must bear proportionatc value
The relative difference other things being equal
must be the cost of transportation of products
tIom the West to an Eastern market. A bushcl
OF wheat in Wisconsin, is WORTHLESS the cost of
transportation, commission, &c.-than Il bushc of
wheat in New York. Tho same is truc of pound
of wool, or any other article ofcommcrcc. When
q buShcl of wheat is worth eight Shings in the
city of Buffalo, it is worth seven shiIlings in the
market on the lake shore in Wisconsin. making a
difference in favor of Buffalo If little over four
teen per cent. Taking this as the basis of calcu-
latlon If an acre of land be worth sixty dollars in
Western New York, it should be worth over fifty
dollars an acre in Eastern Wisconsin; providing
the yield per acre, and the cost of production be
be the same in both localities
Taking the articles of wool, butter, cheese, &c.,
a basis Of calculation for the relative value of
real estate in Wisconsin, and the percentage is
much moro favorable to the West than wheat be-
cause the rate per cent the value transported is
much less. As to the productivcncss ofthc SOIL II
adaptation ofthe country the raising of wheat and
other grains, the growing wool and the products
of the dairy, there may be some difference of opin-
ION whether Western New York or Wisconsin has
the superior claim We believe it is generally
claimed by the farmers of this state that the aver
age yield of most if not NIL kinds of grain, is "a
great per acre in this state as in the counties of
Eric, Niagara, Gcnncascc Sc; and certainly great
er than in Eastern New York and New England
The adaptation of Wisconsin to the growing of
wool and the raising of beef, is not surpassed by
any state in the same latitude.
If, therefore, the premises We have assumed be
correct, and we cannot perceive whore they arc at
fault it may be regarded as certain that the own
crs of farms in Wisconsin, will in a very few wears
realize the prices we have indicated Improved
lands which are now offered from ten to twenty
dollars por acre, will command from forty to fifty
in less than ten years provided real estate continues
TO hodits present valHc at the East Ifthe effect of
the widely increasing facilities of communication
between the West and the East, shall tend TO bring
down the value ofrca estate in the Eastern States.
then the calculation of the rise in the West will be
proportionably diminished
being projected and carried forward in every sec
ton of this state will produce revolutions in trade
AMI increase the value of farming lands more spec
Oily than many imagine. Whatever revolutions
there may hereafter be in trade, and whatever de-
prcs>ions thcIc may be i'll business. farming lands
in Wisconsin can never again fall us low as they
have been; the crisis is past The outlets and the
inletS of commerce are being 50 mutiplied-our
interests are becoming So interviewer with other
states, and the dependence 50 mutual between rs
and the East, that shall hereafter he o c in adj
versity and one in prosperity, with the compactcd
states of the Union
PAPER AsA CIRCULArING Observation-Disclosures
noticed lately among our state exchanges, many
wise shakes of editorial heads, accompanied with
representations of future disasters and perhaps rl
in, in consequence of the paper circulation expcc-
al IL IL.