New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-08

sure on the part of all degrees immediate
and grest reduction OF rents.
D.A. Cushmsa Of No III Nintn-ave, who deals mainly
in nats ana oors said shat there was NO change visible
yet the prices OF ress, % far ~ his business was
concerned mainly because the property Of which be has
charge has been nearly all rented for tie Winter He
believed, however, people Affected by the panic would
be ciamorinR for reduction or moving about In
search Of cheaper rents. rr.f.
ID. J. Jardine. arehiteets at No. t2e1Broadwsy, re-
port that tacR susiness 10 almost ut standst Some
building projects ,hat had been have beer
abandoned since the panic, and only few now con-
tracts beng made. or course. contracts that
have been closed wA be carried out; but there gen
eral disposition to avoid building enterprises This
frM have In hand four frtcass residcnces In FItb-
opposite the Reservoir. which have been under
taken within the last threo weeks; and these viii be
pasnea forward TO completion as speedily
az possible. Most Of their other work. at
prcseut consists OF extensions. and other
changes absolutely necessary. THIS depression 10
business coming late the Fa shey no hope Of
improvement during che Winter. Orifnto Taomas, 81
No. ao Broadway, reports an absolute sasnaton 10 new
building enterprises with prospect Of an Immediate
Improvement. The brewster Carriage Factory, NJ 5ev-
enthave and broadway, the only largo building nc
has In hand ut present sehulse h 6choen, st No. 1A
Broad way have Just closed contract for Largo resi-
dence on seeondve which work has already begun,
and they also have sevoral competitive plans In hand
Business was good with las year The
only largo enterprise watch they arc now engaged 10
the Klrtz building In East Tssnty-second-st.
j. Denham Co.. Twensy th'rd-st.. who are engaged
very extensvey IN the letting Of stores, dwellings, ana
Oats all purposes said that there was aD almost gen
era deman reduction Of about IS aud 90 per cent
On the present prices. great proportion OF veodo
people who kept house, were giving that up and board
ing in order 20 reduce expenses. Al the came sine,
boardiua keepers complaining that boarder
ad paco
disposed regular rent DAYS ~ maggie for lower
letting of bat far their business
extended, their experience was that tenants were ne'
thew had est felt themselves called upon allow yet
The great expense or moving douptiess msoe soou
y q. Goodae. under toe Fifth AveBue Hotel. who
deal. very largely 10 uptown dSelinghouses anu ie,s
LARGELY " kee pers stated that Tue people
we're pretty generally I'll satisfied with HE existing rtes
rent and houses arr pretty nard TO ie Linn
ladies' that Relations were deintnden
BY lheir boarders that other board re ASKED o be
altogether failed 70 pay. TIE collection OF rents wa
y no means easy renJers asiag time ami others
protesting that the rents on2ut 10 DC roduceh no
found his landlords unw hng 70 reduce the re.s ~ y
because their taxes Increasing, anu they nbd ohp
little reJucti in the prices Of the ordinary
life Besides, they coasidoT that te present. depss
siou may be temporary, anu real est!ta my Io,,..s
within o mObth He n.d reued "a lev iurhisied HOUSES
at ordinary within tne last two weeas o he
Winter but felt sure II woald be very di1ut " lorce
Ions lease at these rates on any one.
Al c. s. Peek d Co.'S. No. l3i FhtnlVe, IL was susseu
boardng house keepers Office, store u renters ana az
sal
house rent as they we're all partcuiars One
person wuO had usually paid s5U m,ntn mousse fs1t
where the rsnt wac ouy s2c0 IL Observable that
all classes gwen TO ths specrs of econony tue
very rich and the very poor alike seeking %
rents Some OF his Ian lords hd consented 10 reuue-
ton, although their taxes were eea'uH lncre1Td@
was letting at that would hardly pay Ior .her
expenses. Board aud room rents were pretty sehrray
FSSqSfS A Ss: lSss. a'' i'0" VIC wy
f. Banchet of No. 26 sxth-ave. said that the tenlnts
rptu fDF
rents, OF them being pressed by tne panc, anu
many others beag entreIy out Of WORK 10 tnounnt
there bat gOomy 0atlJoK lor IanuioruS "no n"'
VIM Apoott Of M. 50 NV Bowerv complained that
everything connected VITA the real estate odsluess anu
house agency very dull Los anu Improvements
held rale too ngn for persons to ,hinK Oh pnr
nigu that families well nd Cause OF complaint h,ons
sufficient for the accommodation OF sma 'any IA
PIkt-si for instance, anded a uiJntny rent or
IRON $50 to So. IL his porsuJal opinion tuit ~
very suort there would be very material reduc-
Jacob A. Bissnger No. 81 First-ave., stated that tho
real estate business proper quiet, III fact cash
nm ,iness was cong; noInng beyond exchange As 10
rents little cOud SID There had been htIe change
IN tue d Ist re m0nhs In stes account cole
m.ud Tor art r. Though the Seventeenth Ward was
considered q very eligible neighDorhood.
At Hiram MeritSs. No 50 rLrd-ive little further In
quantity OF and floors p,acdded 20 let through
al the tenement DISTRICTS was convincing evidence OF
tie small demand. R;Dts wore hcii AT lhr 700
nigh txure considering te depressed sIaIe vi business
aud the persons OLg OF employment, hhd must nc
materially reduced before SprinE Money seemed very
scare, anOuy many Of the tenants wule VITA some the
cry OF OF money wLs merely raised 10 postpone Tue
i was Dsi tine, Mr.. Merritt stated to give salts
factory opiuiOa as effect vi the panic wth tuc
opening of SpriJx sJG idea eJdli be giilei bidsos
Collections easily tan bad neen antci
pated, especially those Ia me telenehs Many hVlus
mus sers out VI employment, Oit &c mdlOr,y seenel
10 nave little money A. reserve. Few Complaints were
made MIN MAKING MS ooOoctiJns "a .he properly
directly under us enrsi' hf SSr ~ ni 10 pa "
Come H1dn.s 1si moved 10 1ne d
owas tails vicinity JoElhx 0otl Tor em bym 'ns anu
cheaper Ddt those Were i1" Ia ndnpsr. hshSs
H.. not been reduced yet cOIi they % anu s-
tert and LABOR codli D3 o1t iinei at lesser ries'
j. +. PAyteu OF No l55 Hsiry-st, la spei6ink more
particularly uf property tnAt dcS OF Tue ctty, sad
tnII JthInS, the ron were To- ION. .so'S us
OF tins under MS cLary, for nn1ef OF years
and la no had claDSo Deen m 1e IN the rents
since 1850, majority Of ais tenants MAJ Dcen VITA
him tnrOdSn this ohS period No CON LIlnts hai ever
a., N mn te to nina .ses II ne mai ex-
poricuced no troaDis Ia making MS coieoujns, uJuSi
business anu 0oXeI forward to il.rj W.nter As an
Instance or the low rents. ne meauonei nnm0;r OF
houses ON .yIslou-st, Respectable qnarOer wlere
two, t.ree and tour roJlns sditahe iof hoisAesphk
rented fOr 81 slo and s3 per III Jlth lie hid M Al
some reduction Lne BLOCK III fHrtave. mar OJe-.
nInreI-and-ientns. chiging rs, So ahd us Tor tIe
respective hJors, Tor Snien Seuans ai previously Deeh
CnaFies G. Wakey OF No. I0i East Tenth-st., estate
a.,,nI for li.unton Fish LEWIS M. E4theriurd, and
kItnerurd yesanG also spoke very encouragingly
present prospect or landlords AZ To the elect
panic. ue said, no tangible iiea could DO gained
before opIing Most all teir property ground leases
AID houses were leased from May MIJ. In February
March the prospect might not appear 80 e-
cOurasIng In the manufacturing towns where bust
ness was a sJaud,t the efsvt already evident,
city II not Tue estates nc represented
every verietS OF property, Dut majority or
with few tencuenG buildings Rents we're
collCt quarterly or On hy, according 70 the stand
ng vi tLe yeant, WITH the exeepoa Of the tenelehs
from which tucy are aIw 81 repaired In advance. From
tue hands codd Do looked for for reduction
diIl the present leases ran ou.. VITA the later
cuald not noS IL wOuil DE-, as he
nab not made collections there, but he
anticipated many complains, more esp cialy from
Inuse .I.i tao ci1IIJr Tor roducci rehts was
cBruulc Collections being made much easier
than h. hd redsIn 70 expoe o9t ne anclpitei COUSIN
cradle trouble before tue cose OF the WIN
tea. Rents Ad yocl liked at fancy rates Oh the
East side Cnis side Ic cay, Nlie Tered very
respectable, VIE never looked upOa fashionable.
LLSe couit DJ looked for present.
- At f-.Lr l.I.LIIA IL. Ln.l Il