Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1872-01-16
Re0 Estate MATTERS IN East Tennessee
KNOXVILLE, January l, 1872.

KNOXVILLE, January /, 1872
The past season has been one of unusua
activity i'll City and Suburban property
Many City lots have changed hands a
good prices, and several large bushes,
houses and blocks have been erected in
order to provide for the large and grow.
ing wholesale trade which centers here
Knoxville differs i'll this respect from
other cities of equal size in the Northern
States. 1t is the principal city in this see
ton, and country merchants from South
western Virginia, Southeastern Kentucky.
I Western North Carolina and Northern
Georgia and Alabama and East Tennessee
purchase large proportion of their goods
here, and these sales amount to more than
six 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
800 to 500 per acre. The purchasers are
now dividing it into lots for building Dur
poses, and are selling them partly on time
at about one hundred per cent. above cost.
and even at this price, lots suitable for
small dwellings are to be had at fair prices.
y large number of gentlemen from the
Northern States have visited us during the
past few months for the purpose of exam
lining 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
capital, no place in the country offers such
inducements for investment as this, espc-
clally III manufacturing. Very little help
can be expected i'll the way of capital from
residents, but parties POSSESSED of sufficient
capital and energy can make almost any
branch of the business pay. \ company
has recently been formed. COMPOSED of
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 Il large and profitable
business at home being satisfied that n
much better prospect for making money is :
offered here. The wagons, carriages and +
agricultural implements in use here are at
present all purchased in the Northern
'ltles, some rs far distant as Wisconsin.
md yet the raw material here is of as fine
quality and much cheaper than there.
lmnOTt1nt lpOoI troO.,ot;.,,-
emily been cOnsummated, which, it is
believed, will at an early day se
ure the completion of the important trunk
ne running from Charleston, South Caro-
ma, to Cincinnati, Ohio, which passes
trough Knoxville, and a portion Of which
now i'll running order The completion
thls line will secure lis a competition i'm
'eIgntS to our Southern markets. which is
very important consideration, as nearly
Ii our surplus produce is sold in the South
nd our coal and iron goes in the same di-
ectlon' y rolling mill for making rails.
anticipation of the large number of {
Dads which it is expected will be built I
urlhS the next season, is in cOntempIa- i
on, and, If built in the spring, will create |
q,
heaVy demand for building lots in the |
'ouroS' ana, as a consequence, prices for 3
us class OF property remain steady.
we need WOODEN factory, a large
OGDEN ware factory, an agricultural inn
ement factory, and many other estab- I
of like nature, and if parties =
assessed Of practical experience and capt. Fl
|, familiar with any branch of manufac- il
ring, VIII come here and acquaint them G
Ives with the facts, they will find these :
corrobOrated. In addition to
Is, we need and can offer fine induce
ents to good farmers. Lands can be had
reasonable prices, and our markets for Il
nm products are uniformly steady, and n
od prices can generally be obtained. d,