, 1869-05-10
ZEAL ksTArE.

TIE real estste trade could not well be N nes
satisfactory and hea1thful eondiaoa ta.n .t,-rocnt
NJ the rtcsent time. There Is neither eAs.Is esars-
nor depTcesiop but there IS IN amount u ptoI
II being sold that counts up larger Sa.ae ~ ~.
norton to the populattou than IN any oEa -
C;tr in The world and Il prices *a'ch ~"
e.ssc. .s,t general and stesa!, Increase ,x,.,.
II the tsansfer and improtenen. =. ~ s-asrx m
~ rrrd ro,ur.a.u or feel uneasy hpoa' tae
-awth ~ the ctt., The course OF rf1ees, aoHes- |
~ ,nx,,,,nr. Tte,nez Of real estate or Foft1p4e
roy1u rt:t,es nertr does Ean cTeniy 10. aas st1@t
.-,-c. nj time. Men and communities nase soe1l
: cont.uua!,y Alternating ertns OF eouooeacs auo
r.r,oti so+culationk and their srasms Of uoaietg.
49,. h.d both Of these extremes In the |
-, sst.te market within the past three months,
.,t ,trrtnc THE last two ~ee6 the trade has been
tnst recovering from the latter. The nfst Of toese
nee,n IN January, with the abundance Of money
,rtien co:id ind no more profitable investment
rh.a RAJ c,.atc, the probable rise Of which seeu-
ed 1u,!y warranted By the growth Of The city. The
tn,,stu. given to real estate Transactions then
m. further stimulated By the movement to e.
ast11sh the present rark JBtetn, and temporarily
ru,mtaaled NTH The accomplishment Of those pro-
lert. Very tooR now, however, new element,
.1:t h. though II has been talked Of, has, We b.
1ievc. had comparatively little actual eject get on
the rs.ce Of Chicago real estate, MI: begin 10 have
ccmr.eliun OF the Pacific Railroad. Much as thh
ereas enterprise has been talked ot in connection
with the Fs,ue Of property IN this city. It has all
leen 10 such vague, indefinite way that practical
peouIe tarc not paid As much attention to II
IS they vii, tn luturr. Even the speculative pdr"
chases OF property that hare heretofore been nAae
In Chicago hayc been based On ca!cuiauons uaoe
upoa the l'ast growth Of the city. The estshAa.
lrent OF the parks haB really had twice the euecE
In increasing prices that The Of increased
bEAuess IS the result Of the completion Of the II
cidc Railroad taa Ind thus far, though the dlnet'
enee In the importance Of the two cEcnts, IN re-
spect TO their bearing on the value Of city real es
tate, Il scatcelJ susceptible Of comparison and
Nll u,,t e realized until people begin 70 see some
OF the acsra results, until they sec or neschants
selling GOODS to the Pacific States. and Asthftc
goods l,r:ng tnrortct, to Chicago b5 WY Of tie
West hui the eject OF these prospects Will pEoba-
lily In. fell TO considerable extent tbs summer
and next falL
uot.e renIs have not been 20 low in ChIcago for
four OF fse ycars II at The present time, neither
have there been in that time SO many vacant
dwellings to rent o. to sell Ep 70 the ist OF Nay.
fe1t8 were sustained 1t nearly the same ratcs II
last year though In some cases landlords male
slight concessions to retain good tenants 1mmc-
d.xtey alter the n5st Ut tie month. however,
rents OF nearly all descriptions Of dwellings Tere
ttdnced, and ere now from eve TO ten per cent
lower thsa s,efore the tsst This shows the c1ec'
OF making one general moving dag for everybody
and linw ii works to tie disadvantage OF tenant
in o;.ltE:ng them to rent at the TINT
Whea rents are The highest; 70 borrow a tern
from the exchange rooms the lauGorh
mako Al annual corner n on oil the house Eoo.s
In tie Ctr, and those who are cauRht "sbort
have to pay for IT accordingly. The rule for Re
newing nj leases on the nrBt Of May is ono Of th
alAutdiucs that we hare borrowed from Ses
ri4~ 4w17
TO b Z abolished, becAuse It forceA the tenant
fas higher rate Of rent f.An the supply OF house
Jcsl1aes In Philadelphia leases begin and explr
at ali times In the year according to the agree
ment OF the landlords and Tenants, and Is fouut
10 work to the mutual Advantage OF both but IN
der our rule the landlord who missed renting hi
house beiore the r1at Of May, has scarcely N
c,Auce Ia rent 1t Afterwards until fa1l or rosslbl
the mex. May. II tenants would endeavor to r.
annual leases dated after The 1rst OF Mas, u
system could gradually be broken up,
Owing to the large SURPLUS ol houses that II
now unoccupic&i, there Ia considerably less toll,
Ing gong on ttan usual at this season, anl .
builders asc anxious to get }ots to keep WORKING
together autI keep sash and door and blind fact
reh IN operation, contracts can now lie let muc
cheaper tllan at this time last year. Probab
about fall tho increase Q! population will catc
NJ With tic over supply Of houses, and butidln
Will tic renewed with greater activity thin cEer
In contertton With the suh}ec. Of dwelling hout
rents, We print below pa1t Of RECENT letter frol
-,usl4A Q:..ncy, ESD, Of I'oston, TO the Daily i.
ttrs,stt o1 that city, on Ihc subject Of 'rnodera1
hoEscs fuE tnen Of moderate MEANS which Ma
furnish to some OF cur wealthy landowners sa{
<,cstlons that are WORTHY of n tr1ai herc. The oa
.p,icct.on nc can nee to this pisn for Chicago i
that tho land Increases 80 last IN value that oW7
CTS hare heretofore preferred TO take Larger AZ
quicker ttt::sn out of that than cut Of the Te3nh
tnrotne from rents MT. Quincy says:
"There are, IN the city Of fals:'eipa'a, mn
~ or boso
a!arc roouls 10 cro~ded teneMentA The uo
Nj. Fralcy, President Of The National Doasl
Trade, attributes this afEnnta.e, Ia eTeat degre
to the general Ise nf Erounl rent deeds In th
city. Ny these deeds the grantor conge1s to =
Ice ias nse 81 s9 81 laa s5syss Hsa,., Ihe -.
with the taxes and incidental e1r'cnses-to ere
Etihsn q year on the premises building Of sui
keep the samc insured br perpetual policy, pay
bic to The E7anfus. rrprlho fs Inserted In +
70, 4 ,ae ain on rsexixn eas th sapisa % COVE,
property IN fee simple Y the lessee r
"The advantages to the 1csecc arc cr!aent II
fathc, Of family, for instance, bus laid up, OF c.
rCmmanu. d thousand ,lt.ara4 He wants u hout
but hls cxt,ltai is insufficient to build ouc II
" I'D Cd i 10 tse1re :. INC n. ns Iss
fly mas he called upon fut The payment Of t
PRINCIPAL md thta, In l-e II his sickness or deaf
mar lead to . forfeiture Ut thu estate BY
rnllndcinala arrangement hs Is freed trom u
anAtett: he fets that he, AMI, IN case OF I
death ~ la'nlt VII! 1e sa.s ol ao3se as oag
ahlt ont Of his savings, to pay the principal
bctp1n.7- the p,ssrssor IT an unncu,nbcsea tre
hold rrn,erty. The granter holds fee simple
the estate, With certainty Of permanent req
iat 1nrotue, subject uu, TO contingency. stmll
TO that uf ihe holder 1T overdue mortgage, VI
the election OF The Lesaee ii pay the rrtnelrA-" "
The following iahie shows the volume and v
deEcs Of transactions In real estate, situate witt
u arnti!ns extending Hescu miles from The Co
House, during the ~eek ending May sth, the
Rrcga.c vxlue in each direction, and the total
all, beng compared With the same for last we