, 1872-11-17
REAL ESTATE.
The Demand for Cheap Lots
Continues.
Prospective Low Rents for Stores and High
Rents for Dwellings.

Suburban Lands and Horse
Railways.
Building Notes and Real Estate Trans
fers for the WeeE.
It would eeem that, it anything would depress
speculation, stop sales, and check the advance
in prices Of real estats, the present stringency
Of money which prevails all over the country,
both East and West, would do it. But, thus far,
ne are unable to find in the real estata market
Rny effect Of the pressure for ready money that
Is affecting all other branches Of business
There has undoubtedly been falling off in the
volume Of TRANSACTIONS lately, but it appears to
be attributable solelyto the horse~disease, which
prevents people going out to see suburban lands,
and, consequently, checks the speculation in
that class Of property. The demand
for cheap residence lots, at from $400
to $1,000 each, is fully as good as it
was two months ago, and this would still stinau-
late spectators to buy lands by the acre and
subdigide into lots but for the reason mentioned
This demand for cheap residence lots comes
from 1aborers and mechanics who are reaping
golden harvest from the rebuilding Of the city,
o th vii
tinue to invest their surplus earnings IN real
estate. Most Of them after buying lot tor
home will buy another lot to speculate on, and
tnongn these sman purchases are ne:ess1nn LEES na;z
maze AZ la1eG ao1Inc7 oor on .n0 plcn ta.r
It is, after ali, the safest and
most pfo1tao,e investment 1or apy
person not 1a1nlnar Wltn t1aue. GSen ~ as tne
Prices paao TOT tnese 1ots me avetagg Elont u
the investment IN them 'tor a perloa OF hVe or
ten years Is undoubtedly greater than me aYer,
age pfonts OF trade, even "hen II 1B conaocteu
by shre"d business men VINO cont1ol 1alr
amounts OF capital.
It is now yell understood that the increase IN IN
last SIX months is attributable mainly to the m
creased earnings Of the wage-receiVing class,
and partly to the southwestwald movement Of
the !arge @anuiactqrng n establshmeats, Malcn ee1
low them and find new homes near their Wo5k.
It il plain that whereas the business buildings
now being erected are completed re shall have
enough stores and more than enough oinces 70
meet all the requirements of the business public
for year, Or possibly two years. 1t Is therefore
not Likely that there Wau be any conslderaple
amount Of building IN the business quarter next
summer, and it might be argued that, "1th TIE TIE
AeeAe ~ ttAo ~ "oA+@ w ~ NSA1": sAA~
earnings Of the laborlng classes would decrease,
and THIS IN turn have It's ei1ect TO olf9lnlen ne
ioenaho Tor cheap LOIS next summer. II mustpe
remembered, however, that me pressure
20 fe-lnstate me business al55t1ct tnls
gear has caused the building OF
the earnings Of the laborers and mechanics is
Ahely To % Aea1ly as large III oul!olne u"einnBs
g. II "as tnls year II erecting business op14o1nes
1heEe ls, II 1aet, nov
"ot1h 1fom $o.oVu 20 @15000 each. lhas 18 NOT
OILY apparent II t9e inquiries at the rea! estate
onces, pnI' as an lns!anee IN point, ne nave
letter from new resident saylng tnat ne kno%s
conla get what would snit them within The
range OF prices above mentioned It is
quite certain that the -, demand 1or
next sprlng than nov: The prospect OF low
rents 1or stores and ohces, Whlle 1t may Do nn,
est1s1acto1y TO owners Of ousaness properly, WILL
induce many more people 70 come 70 lineage 10
go INTO business tnan "oala come II slore rents
were hlgh, WILL heip TO increase population. and
30 % the means o. increasing the ,e aemano 1or
medium class OF dwellings,. 1he END OF prop
e11y Asansp'e 1ol -
BLocHs mp DEE1l1Sas
1s, 1hele1orgi nkely TO De IN gooa aemana ne1t
FacahI g1o9na W1143n q 1ao1us OF, say, t~o mlles
from me court house, "n1ch mas advanced
scarcely any IN p1lce ior year past, nnt Whlch,
IN VIEW OF the demand for actual use next BULL
ner, Will probably be in request.
SALES or SUBURBAN LANDS
have been checked By the hcrse disease. Never
theless, We hear of negotiations pending for
large tracts IN various quarters. Among other
tracts sold this week we're:
Eight acres in Lees Subdivision on Weet Lake
street, quarter Of 8 mile east Of Central Park,
1or S5f, ,5uu. Ihl6 price, however, Is con Adered
low, and none OF the land west OF it as Tar as
Central Park could be bought for the same
price.
great many sales OF all classes OF property
are, however, delayed on account Of the
DIFFICULTY IN GETTING ABSTRACTS:
II no" costs thtee time as much and takes
1oor 1imes as !ong to get an ab-
Etract, or "oplmon Of title" as the
abstract men are pleased to call it, as
i did before the ire: The same canse delays
the consumInation Of good many loans, and
altogether has bad influence on real estate
transactions and On the supply OF money.
SUBURBAN RAILROAD EXTENSION.
We believe that q horse railway will be con-
st1ucted next spring on Reuben street, from Ar
cher avenue sonthward to the Boulevard on
FiftJ-ffth street, running in connection With the