, 1870-01-16
Total fer kelt .-

otA 1cf ~ sl1 III
cause which acted so uniformly on the yalues oi
nf.,tv rs., estate s, n al three cites il i
ane6n hear nat The IN moi; sise. % pct
sseo 70 sao Francisco. sSers vas no ] cosre5psni. @
s,sncts point 10 me copp.sion OF II tse csa Pse,c
Railroad az the leading, cauae. 4 depseeiated
sefEsS eisais ho frus spetuaxe h1s sss5
oSly T., i "a es.a.s. i bu. ',as' IL ra,,1sy ast
the currency had been depreciated before then
RltEout producing any auca marked eGec; on real
estate ard the concurrent adrsnce Ia real estars
prices IN the three principal points on tho l.ue Il
t9at tne faoW that It vas due Lainly 10 the com.
pledon q The great uans.conrnental rosd. The
Latuial reaction i1on the excitement which cai-
IN tbs city about month ago. In New Yort it
seems, hJ the figures Of the taale given above, to
81 nase SAL 5ee9 r. reached ~. utae earlier, and
prospects of speedy ret1ln to specie basis os Ios
the na's n: retarded De, good deal y ts
10 recognize that lhc1a Tns, IN fact, IegiiiEna
basis Tor large Increase ia the value Of real
ssiass ie t.esc three cities lag: spug Oh the con.
ol ncthfug else can stand the change from the
pfetent cerfec:atfd currency standard to 1ne
specie standard, with 20 tie effect upon the
D9areB rs II nj estate, because It Is gradually 1n-
c1tag'rH In real value, while the Currency prices
OF commodities are gradually hh,lnstuE On &C.
count q tie decline IL gold. .
aloEe Eeem 10 warrant the expectation OF a
Gsadra! advance in values daIlrR the carrent year
elal ptogresa CT r.nfuad entern.l.e Wbtca eeeca
TO pro1l LIT tB much more 1t IS essima,ed ID the
! n1e1iedn Eattsosa Ju1'al that 1hese 10 nor
fa'la oye, ID fair R;a!e OF progress. "a many Of
tbete large proportion OF tue work has BEEN
aoes. aEa r + beng pushed rapd:y forward, Ard it
y cstiGated tnat tnsse enterprises wi!l increase
uritet sta5ee ftecn Thousand nllles within three
years. Ine Ra'iFossd Journal also gives lis. OF
The lnEher o. railroad projects Ia each State
which have fair prospect OF competo1 wltalu
the time above melttoEcd. From tn!s list we 1nd |
and from the eastern boundary OF OHIO 70 The |
~ i. ,,,s railway sniefpri:es bs:aS rFasteuei
sssa & esnz sasss miles nt 0nS L t5aa aSs5sSs
over COO niles Of new railroad In iii tne sta;es
eaht OF Oaio and north Of Mason / Dt1on's |
and connecting llnss terseeu NAN lines, theft
ayeisee iersth ls considerably less than III this |
age at only fcHiy-nyc miles ea-h, 1t would give
oVsr LOO militia Of nev railway. In att the States
son!h q the ohio River auu soath Of the State Of
e rev read IN the next three yesss, !
Tasae eenIes st,, saow tnas tie GREATS. svo
WHICH Chicago Is nearly the centre aud TINT Win |
her hlrea ady great concentration of ra'lroads, at
least an tn1lfcct 5enent must be experienced from
every enc OF these lie roads. Ii yiew OF these
facts It feens reasonable to expect that during tne
ne1t three years there wilt be, on the average,
spp!e ciattea In the value Of real estA:e In
this city. There vii. perhaps, te times OF 1rna-
lion, when speculation VIII run Wild, and tcues OF
reaction, when Eauy Will get nervuns, ard imsE-
&c the "bostom Is aEont 10 fall ont." nut, on 1he
Shule, We be1leve the experience OF tue reLs
hlce OF lonr 5eara viii be very mach Ike the past
.hIee or four.
The following tnb.e Fhowg the Volume and ten.
leEcy Of IN real estate situate within
! 1ndlus extending scsen nlles from the Court |
House, during the eek ending January Is, the uz.
'reRa16 20 uue IL each dlrec.on, and the total IN
IL, ueipR comparcd with the sa1ne for rhe four
previous WeeE5: