, 1869-01-03


mention that the aasessed valus CT real cststs IN
Chicago tn 1868 WIS 70 per cent Of its supposed
cath v1&ue, md IN st. Louse u per cent of the
ftino- whflo tho city tar on every SIoO Of tic
aseessed yafue IL 3l.55 In ST. Louis, and $l.l0in
Chicago.
1here has bean loss doce in real eataie du,1p:
The past Htek Than In any previous week for tho
last Twelve nontca. Tho week Of last year ccf.
responding Ito the one that has lust closed
showed 1iS transfers, conveying properly to the
fsK1egats yatue Of $aa7 ,e97, while In thta one
there has only been 81 transfers, conveying pfop.
CITY 10 the Aggregate value Of 491s, 500. The ex-
fIteaee Of the ptst, however, shows that the
slnaleat business Of the sea1 IL done In the Arst
and LAST veth, The movement Of real estate
within The present corporate limits Of The city toe
the ne1t twelve months can hasdly b expected
70 &c reflex Of the past year, because much Of
the property has passed into the ownership Of
persons who will hold It fur permanent oceu-
pareJ OF II Testmert The lnosr active trade In
lots Is alwa5s tn the un1mproyed ground on tho
oaaksss Of the city, and Ia those localities vill
ptooabl, b tho most active uate during 1869.
Tbs statistics OF building for the year 1865, pub.
AAhtd In tn Tribune Of Fttday, show that
thete were at least 4sts buildings erected 1itntn
the corporate nni1s Of the city during the past
Twelve morths, AZ II Is w.ll known that msuy
Of these were lsrre business buildings, most OF
'-N"-
mate OF N average n1rtAze Of 80 feet 10 each
building would seen to b quite within reason.
At this average the hntldirss erected In the year
would form continuous line offtontasr Of tweu.
i1-1ous md half miles. FEom this 1t Will be sccu
that the vacant frontage within tho corporate
Limits hAe been large'y d1mtnlshed. and that the
tsAle IN vacant lots must In Z corresponding de.
6tse ba crowded farther out
Not"itnssanding the comparatively email
amount Of hustnes dotEg tuss nov, ps1ees s.e ex-
IT. raely frrn. Holders Of wel1loeated lots seou,
careless About selling. ~ more aettys demand and
higher prices aFe expected 10 rule within the next
thirty or sixty dayp. Thero ts known to na large
amounts Of capital hire from abroad, LETT IN the
hAnds OF agents tbr investment. Thl4 kind of
capital. a. general rule, seeka bat two classes Of
property, viz vacant residence psapertY, and
improved buainsss prorersy, but ayoida
Improved residence property Tbs items
Of repairs 10 dwellings, and aeeut.'
fees, together with the chanetue Of
teIart., AID the ususl dif.cutties Of e,llectine
kouAe fents. make this latter claes OF invrstcnts
iest satisfactory TO the nourundent capitalitt than
cl,he1 ofthe u1her two ktnts Of property, md to
this mstny due the gresscr inquiry Tor business
property atd vacant prcond.
1hele II 1 l1rge Hurpius of nav srd vacant
dwellings In the city. the most of which we,e
built iof tale- Gus zap Idly inr1e2slns population
VIII OF eourrs make Occupants for tho most of
'htm Ec1t tpring. either BY purchase OF rent, but
the prospect Is far nov fns much lover rrnt.
- ~ stm b. -. -. , ~ .~H., ~
a:tnat ane mn fos some 5es1s paat and It will
e. ads f,,,. n,.,n.. - " .'A~
Me .. o"smae piopetty ete not Aso EedneoA b.
'o7e ths surplus oslupruved properly IL ahsorocd.
1he following sea tha u gfs gtte amouurs Of 1esl
eAtne lying within the city limits copyeycd by
ws,rarrxe DEF dt uur1nr - RI arm. n,.t s~.--k.
9e 49, - NV Ps't3le "oe6s.
Nc: ot Ag'te valae
Safes. OF propeYty
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