The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-16
Chs 8ew Orleans Grestent.
TUESDAY MORNING. MARCH Is, 1869.
gew ORIGINS ReaI estate Rarket
CRESCENT OFFICE, 81 Camp Street, I
New Orleans, March l6, 1869

CRESCENT OFFICE, 81 Camp Street,
New Orleans March I6, 1862
II has often been remarked by strangers visiting
this city that while rents for eligible stores were
higher than in almost any other city in the Union
considering the length of the business season,
there was enough available room wasted to &C.
conmodate third more merchants. Ia New
York, Boston. Philadelphia and Baltimore it is not
an unusual thing to see two and even three bust
mesa houses, with large stocks of goods, under
roof. Every floor, from that of the cellar to the
garrett is made available and each occasionally Is
held by different party. But here, exactly the
reverse is the case, except In very few instances,
and nine cases out of ten the third and fourth
floors are only used as store-rooms for empty
boxes and valueess lumber.
When houses are paying fancy rents and in.
dulge in this peculiar extravaganza, it should not
be surprising that complaints are made about the
difficulties attending profitable business in New
Orleans. And we are satisfied that il would not
take long to change the custom Of the merchants
in this particular. The idea seems to prevail that
store located above the first floor would never
get profitable custom; but we feel assured that
if these parties will only buy low and sell cheaply
customers will hunt them up fast enough, even IL
they have to climb up two or three pairs Of
stairs TO do So We know that this will be done,
as instances innumerable can be cited to show
that ladies and gentlemen will seek bargains under
greater difficulties.
Merchants who pay small rent can sell cheap.
er than If they paid high one, and of course il
three instead of enc the rent of each will be de-
creased In that ratio. We hope that our mer-
chants will consider this question: it is not only
matter in which they are greatly concerned, but
one in which the whole public have an interest.
In regard TO transactions in real estate the sale
by Mr.. G. De Ferret at the st. Charles Auction
Exchange to-day at IL NJ. should attract atten-
tion. The following properties are to be dis.
posed of:
The four.story brick store, No. 30 Peters street,
Is feet front on Peters and "a feet on Clinton
street by l04 feet in depth.
The four-story brick store, No. 81 Peters street,
rs feet front Peters street and "a feet front on
Clinton street by 10l depth.
The four-story brick store, No. AZ New Levee
running through to Clinton street, Is feet front on
each by IS depth.
The four.story brick store, No. IS Front street,
running through to Clinton, Is feet front on each
by So depth.
The row of three.story brick stores on Exchange
Place Nos. 46, As, so, 50 and "a. The ground
measures 81 feet front on Exchange Place and IS
feet deep.
An unimproved lot on Dumaine street, between
Dorgenois and Rocheblave Streets 81 feet front by
l15 depth. Cars pass Immediately in 'front.'
Also another unimproved lot on st. Philippe
street, between Hsgan Avenue and Rendon street,
l54 feet front by l5S Deep The terms Of this sale
are one-third cash and balance in two years.