Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1872-01-17
Real Estate Matters in East Tennessee
KNOXVILLE, January /, 1872.

/ KNOXVILLE, January !, 1872.
The past season has been one of unusual
activity in City and Suburban property.
Many City lots have changed hands at
good prices, and several large business
houses and blocks have been erected in
order to provide for the large aud grow
ing wholesale trade which ccnters here
Knoxville differs in this respect from
other cities Of equal size in the Northern
States. 1t is the principal city in this sec
ton, and country merchants from South
western Virginia, southeastern Kentucky,
Western North Carolina and Northern
Georgia and Alabama and East Tennessee
purchase large proportion of their goods
here, and these sales amount 10 more than
siN million dollars annually. One house
alone sells nearly two millions of this
amount.
About one hundred and twenty acres Of
suburban property have been purchased
during the season at prices ranging from
$500 to 500 per acre. The purchasers are
now dividing ii into lots for building pur-
poses, and are selling them partly on time
: NJ about one hundred per cent. above cost,
, and even at this price, lots suitable for
: small dwellings are to be had at fair prices
\ large number Of gentlemen from the
Northern States have visited us during the
. past few months for the purpose of exam
= ming the inducements offered for invest
: ment, and many Of them have returned
\ home to settle up their business and in.
: tend returning as soon as circumstances
@ will permit. To men of enterprise and
5 capital, no place in the country offers such
+ inducements for investment rs this, cspc-
1, cially in manufacturing. Very little hclu
e can be expected in the way of capital from
residents, but parties possessed of sufficient
II capital and energy can make almost any
p branch of the business pay. A company
Ia has recently been formed, composed OF
10 gentlemen of means and practical expert,
~ ence from one of the Northern States, who
- will commence the business of manufac
/ turing carriages and wagons early in the
spring. They leave large and profitable
o business at home, being satisfied that
70 much better prospect for making money il
IT. offered here. The wagons, carriages anC
10 agricultural implements in use here are a
cities, some as far distant as Wisconsin
n and yet the raw material here is of as fin
III quality and much cheaper than there.
N Important railroad transactions have re
in Gently been cOnsummated, which, it
D. generally believed, will ut an early day Sc
t. cure the completion of the important tmnl
N line running from Charleston, South Caro-
J.. 10
p through Knoxville, and a portion Of whicl
q is now in running order. The completion
lie Of this line will secure us a competition il
Id freights to our Southern markets, which
n very important consideration, as near
~ all our surplus produce is sold in the South
he and our coal and iron goes in the same d
~ rection. y rolling mill for making rail,
IT. in anticipation of the large number {
H. roads which it is expected will be bui
IL during the next season, is in cOntemplG
at ton, and, if built in the spring, will Great
if II heavy demand for building lots in III
re, suburbs, and, a. a consequence, prices fC
nil this class of property remain steady.
an We need WOODEN factory, Il larl
re- wooden ware factory, an agricultural in
by plement factory, and many other estal
,se lishments of like nature, and if parti'
r. possessed of practical experience and cap
We tai, familiar with any branch of manufa
lot turing, will come here and acquaint then
ys selves with the facts, they will find the
al statements corroborated. In addition
~, this, we need and can offer fine Undue
to ments 10 good farmers. Lands can be Ia
tn ut reasonable prices, and our markets f
at farm products are uniformly steady, IN
II good prices can generally he obtaine