, 1873-12-15
REAL ESTATE.

Ihcre ie less to 90 aatd auouk foAl est1ko tnls
aeek than lass, bccausa there hns boon leHs
done. There is just as much deposition to buy
at low prices thota was. but there ia less dis
position on tho part OF ownora to sell, and they
aro irmor ii, tl,oir refusals to mako coneessions
Belllng real estate is good deal lilo selling |
ho1sos it requires that there shall always DO |
about so much negotiating, and bidding, and
concession Oh both sdea before sale |
can be effected, md when, as at tho |
present time, one party feels less inclined
to mako concessions than bcforo, it generally |
results in temporary decrease Of business.
Everybody now coneedes, however, that two
months hence money is likely to be very plenty,
aud .hat owing to the distrust III any Investment
That III subject to tho control Of corporations,
larger amount than uHual must sock Investment
IN real estate. Next month over s75 600 900 will
be dabursed for interest and dividends in tho
Eastern citea. Under ordinary circu1nHtancea
tho major portion Of this would bo promptly
converted into interest-pnying stocks and secur-
itioH. but tho list Of these III which the pubic
have much confidence ia 10 small that it iB quite
certain great deal more OF it than usual must
seek something olso. Real estate IL proveroaally
Tho lust thing to be affected by my general riso
or fall Of prices. Commodities always fcol tho
effect Of these changes frat, and may sometimes
Auctuata over the widest range without real o.
!ato being affected much. During tue panic,
commodities md securities OF all kinds deproci-
Atel enormously; real estate became to Brent
extent unsuitable, though there was no general
doc]iuo Of prioca as thore would have boon II tho
restoration Of con0denco had been delayed
great while. The panic, however, was over
loo quickly to Affect real eatate
much. Commodities have not only recovered.
but their prices are higher now i'll Rroat many
instances than before the panic. Lnrge profits
hayo already boon realized by tho claes Of mou
vito can always command money, and as this Is u
class who III ordinary times invest largely In rcn
estate, tho expectation that their plodts in tho
present rse Of prices of commoditioB will to .
lurgo e1tout DO invested IN realty aoema well
founded.
nus1Nkss PROPERTY
las been almost entiroly neglected for three
1uontns until within tho last ten days. Now,
however, tAoro saema to be moro dis
position to take hold Of improved
business properly The increasing trade OF tie
city shows tlat, Notwithstanding tho present 10"
scuts, II can scarcely be more than eighteen
months, or two years ut furthost, before thero
will 10 no eurpluH atoro or oihcc room In TIC
city, aud that, probably, year henco lonta will
be u good doai higher than now. Hence there
uro great nsany offers to trado residence prop
erty aud suburban lal,da In part payment for ini
proved business property, and son.o OF tleHo arc
likoly to result IN inportAllt transfers within tht
1oxt few wocks. Notwithstanding shls diBpoai
tiol4 lii some quarters to exchange
SUBURBAN LANDS
tor improved business property, the Rubutbar
ncros attruct tie speculative buyers, and salos
nebeing ,uade from time to timo that show thit
will bo tho class Of property III which the greato8
increase in vulue will bo oxpellauceu-
HousE-IENTB.
During tue panic, tho Impression WAS mad
that tluge would bo Il geuoral reduction Of tlI
oxpuusos OF living, Anl that auoug thoso th
i,nnnrtunt tcm Of Aouge-reptB would 10 material
iy reduced, Tho rcao.iou Of al other priccR, how
eyor. shows that there In but ttlo ground for TIL
cancellation, Tic number Of dwellings built Il
ti,is city during tue last year is in fact sna!lc
than tho average increaso OF tic ropul4tlo
would warrant. Tharo Id probably D, surplus
Inst now, OF the class OF resdencea coBtlnY III
S.6. .OOU to fl0, 900 oach for tho buildings, lut
tas cnnancr Eorta tlloro iH eyon now scarcity.
BUILDING MArEHIAtH, ...,
md especially brick arc oxt:eme!y cheas., aha
liza winter Should prove . MILD ono tlle low noE
nr bniIdinr will inluco tho erection OF goo
lnany dwellings, before tho uaua! spr'us moV'u
il May. ..-.-,....--.,,,a uo,, r,,, vrrv
The folIowinu IL the total amount Of c1y anu eunu
h.u urunertY Hxtfortud Au lug tue week enn4 aa'M
day, Dsa, 1a3 City property aampss u Rs4es'