, 1870-03-06
REAL ESTATE.
Renl Estate Prospects East and
West.
The Kew Hotel-Business Of the
Week, Etc

Il New ToIk paper comes TO "a with luguhri-
ous account Of tho decliuo In rents In that cl:J,
upon which 1t assumes that there has also been
decline In the value Of real estate not nny there.
10! .ds ses5 ees It as
sEat one-third Of tho landed property Of oaio ID
undtE moreege. snd = ronly nesd Y @ sne isee!e
upon equally obscuEe grounds, that IN Minneso-
Ia, Illinois, Iowa. md other States, this Sheriff Ii
getting e be lamas aoaaA,ntsanGe aIc. Tl's ~ =.
there il little money in circulation. property
undeIeoes fearful depreciation under the ham,
We suspect New YORK people hare, got 70
IN the tablt Of looking upon SHAT citJ a. Tho mod.
c1n Babylon, that they imagine that II they eet
aorIa s | En.s snste, and snere arc pent5 oi Tools,
both IN New YORK and else where, who hsve con-
trol OF print, and have no better knowledge OF the
Sow, although there IS an intimate eonnecs,oa be.
rween The money nu1ker Of New forE aud tuose
Or most other ctles OF the United States II must
IN tSe M tane 1e1se as resl estate, ard that wnile
! .noreJ ;" nowb back snd form fzon one end Of
tne ceuntrJ 10 another, and that while tts nnta-
sen s'oas I has sA oA' r,sn,1c.nce ID al oiner
Mratar markets, real estate Is exclusively locA
interest In the Value aod prospects OF c.sJ real
| e8tu'e &" cycEJ tuh.Btanda o3 itB own bottom
II IL, 10 doubt, true tnat there u cause for de-
| cline, lot slnp'J III 1eots, but u the vAlns Of
h Secu
nusIess naa been 80 lMnentelJ oycrdoue that II
hiss oeen turned INTO species O. gambling. The
Of iali!ng on Of o1llnesl.s probably due in sous
| E,ensure 10 the ABSORPTION BY the Western c.tle:
Of 3 large share Of the NeEseIn COUNTY liade
nothing that viii hare any eepera, eject upot
estate In ali c1uea unless it be the decline o
sea srtss &c Ra5 pi,sts anS St ~ ~ e.a,e nsf Il
III Prosperous cities 20 little mat IN most in
s.ancea Ii would only bc percepsiblo in dccsea y
| t.ou It Is doubtful Il Iherc has been any general
pnaion Of reti estate IN the United h:aies ID con
seqot pce Of the issne of paper money. LIS vel
therefore currsIcy wA1 appreciated the most, TEA
estate fell, because tho uncertainty Of the resaat
lns %aas - es ss ri IN i
what it would have Hold for in good mouey II
seaee, % he h peopIe resumed usde, res, estass Re-
covered from its Depression, and has IN the ca.t
Of nj. The Western and aoutneru clues, been -
1o1 Of population and the 4nczease 0
uace, and, rs far as the decline Of Eo!s
r. "a, I s:ss .esas ssssea s
socsi cnn.es which a1eci The va!ne Of real o. 4:
s! s9a - sSe WE 81
tcesc is 'ha cpornoas dents which some Of ta
minor cities have contracted n the atd Of ralros'
<ntsypttses but this u not Cause that Affects tn
1.-THE steaiEn for the new Pacific notsl. which !
70 be erected on LsSa1le street this year, was d
exh1nttion Yesterday 10 the Dearborn street VIE
dow OF thE MsuufacsuIcTt' National bkue. au
tittrcte.l the Intention Of laree numbers Of pei
soDa during the whole day. No written dtacz!r
ton can convey an adequate idea OF IL atchitet
iusl beAuty1 and tbs magnitude q ~ aPpsas
4nce. 1t ii sufficient 10 Say th4t Il VIII % -
rost uxpa:e ana the largest totel building On tnl
| tnunent md viii b the Bcann Of mating u
| Sk!.o street, from Washington 10 Van buten,
bus1ness street thA. three Jeats from nov 1iu 3
IS much throcGed ~ Clatk street. now Ii tfoE
cooa many Of the resi- e4ta,e nrokess talk loot
. ! Hdnu uMea," but We md oshtl7 who an doing
: l1vely nuslness xua. II soma do NOT get much
! Go, II mu1t be remembered that tnere arc grei
ntny IN the bustncts. Tho bes. evidence, ho
ever, that there il stu large yoiumc Of bnstnes
. e. that the weekly aggrc8Atea Of the tansfsl
: keep up 10 over half = million doIl4l1 n
Seoouni Il incteAsed some BY The purchate1 OF II
Pask Commissioners, but the proportion Of the
| purchases TO the whole u very small
!, I The following fab!t ahowB the voln1se and fei
hency OF transactions IN real e8tAte inmate W1tn'
/ t1dluR e1tepdlnE seren miles from tho Cou
: | House. duTtpg the week ending March :, II
: aggregate volume In each direction. and tho tot
IN III, pe4Lp compared with the saue toE the lot
! hrAytn06 EfNfys