, 1873-12-14
Much Negotiation, but Few
Sales.
Holders Of Property Firmor in Their
Demands,
Money Freely Offered on Mortgages.
Schemes 10 annex Hyde Park, Lake rlc,y, Jefferson,
aud III Other Suburban TOXINS,

nGaclACS 10 aIcA itd0 IaTk, AaRc ilc1F, Jclfcra0,
aud III Other Suburban ToWns.
Thoro Is loss to bc said about rcal ostate this
week than last, BECAUSE tllcro Inns boon less
done. There ia just as much disposition to buy
ut low prices thote Was. but thoro is lcss dEB-
position OIL tho part OF owners to acl'. and they
aro tirincr n their rcfllsals to ako concoaaions.
s;ellipg real cstata Ii a good deal like aellihg
hosseB IL requires TINT thoro shall always 10
about no much negotiating, and bidding, and
conccsaion on both sides, beforo salc
can DO effected, and when, as at the
proacnt tima, ono purity feels leas inclined
to mako concesBions than boforo, 1t generally
reu,llta in temporary decrease Of business.
Everybody now coAccdoe however, that two
months honco money IL likely to bo very plenty,
and that, owing to tho diatrust In my Investment
TINT is eubjcct to tho control of corporations d
Iargor amount than usual m,lst seek inYeatn1ort
In real estate, Next month over 575 000, 900 will
bo disburscd for interest and dividends in the
Eastern cities. Under otdinary circumstances
tho major portion Of this would be promptly
converted into nltcrost-paying stocks and accur-
itics, but tho list Of tleso III Which tho public
have nuc confidence Is 80 s11nll that it is quite
certuin q great dcnl moro Of 1t thnn usuaf must
sock something else. Real estate is proverbially
tho last thing to DO affected by any general rso
OF fall Of prices. Commodities always feel tue
effect Of aheso changes nrnt. aud may sometimes
duct.ule ovor the widest range without real cs-
tsto boing affected much. During tho panic,
commodities and securities Of oil kinds deprcci-
atol enormously; real estate bocaulo to great
c3!ent unstable, though there was no general
decline of prices as there would havo bcou II tho
restoration Of contideuco Ind been delayed O.
gseat while. TAo pa''ic, howovcr, was over
too quickly to affect rcnl estate
much. Commodities have not only recovered,
but their pricos arc hlGhor now in q great many
Instances than before tho panic. Largo profits
hayo already been rcalized by the class OF men
who tan always command money, alld as this is d
class WHO Ii, ordinary timcstnvest largely in real
estate, tho expectation that thoir plohts In tho
prcsont rise Ut prices Of commodities will to a
large cxtent bo invested III realty seoms we'll
founded.
BUSINESS PROPERTY
has been almost entirely neglected for three
months. until within tho Inst ton days. Now,
however, tloro socrns to be moro dis
position to take hold Of improved
business property. Tho increasing trade of tho
city shows that, notwithstanding tho present low
rcuta, it Gun scarcely bo moro than eighteen
mouths, or two years ut furthcst, before thore
will be no eurplus store or Office room, III tho
city, aud that, probably, year hence rents will
be ,ool dcnl higher than DOW. Hence ihero
nre o great many offers to tralo residence prop
crty na suburban lands In part payment for I'LL
proved bi1siucEu property, and come Of tleso aro
likely to result n important transfers within thu
auxt few weeks, Notwithstanding this diaposi-
tion III Bo;uo quarters to exchange
SUBURBAN LANDS
for improved business property, tho suburban
acres attract tho epeenlatlSo buyers, ana sa!ee
cbeiug lnndo from tino TO time that SHOW this
will be l!,c class Of property III which the 9rgntcss
ilsc;ease ia ylluo Will be exI,elicnccd.
nousE-AESrs. .. -..,
During the panlc tuo impression "as snaae M
important item Of Aonsc-rerts would 10 matcrlal'
" reduced. Tho rencti0n OF gil other prices, how
oycr shows TINT there s but httle ground Tor thIt
expectation. The number Of dwellings, oallt III
this CITY during tue lust year ii IN tucG f1hGlel
tAnn tue average increase Of the population
would Watlaut. There ID probably o surplus
lust now. OF the clasA Of reaidencps costing fIon
S5,0U9 to S1u,uu0 ouch for tho buildings. but ol
thu eucupcr sorts thoro IN even now Scarcity.
BUILDING MATEntALa,
md espceally brick, are extremely cheap, and il
tic winter should provo u mild opc, The low con
OF building will induce tho erection Of goot
TllflY uMtllluhS utlulG IAt u1uA1 oEA4lR &4tta't
iu MAY,
MORTGAGE LoAss.
Tic Ecstorn insurance companies, and som'
Other corporations who were Tie largest icudor
of money On mortgages befolo the panic, ar
sill entirely out Of tla raarket, Ihoro is, how
ever. u1l iucscasing supply OF private capital 70
1!,u 1,,lrci.Rso of niortgagrs or fur loau on no,
ones 1T uboat ~ Eer cent per annum. unti
yc1y recently commercial borrowers have oIeses
hish rnter, and taken all the money in the nlar
l;ct on alu, lunnn. but since money has bccom