The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-09-06
Cost Of living i'm New York.


some Investigations into the cost OF liv.
ing, house rent, etc, In that city. It
thinks that a family living according to
the same standard as in 1873 expendS
about the same as then for food, about
one.iourth less for rent, and rather more
than one.fourth less for clothing. The
net reduction in the cost Of living may
thus be sci down approximately as one.
fifth. With regard to house rent, we arc
told;
As means Of comparing the rents Of
two years ago, showing the ruling prices
before the panic with those Of 1876 after
the effects OF the panic have been thor.
oughly felt, large number Of instances
were gathered from the books Of different
agents doing business In expensive houses
and those OF the medium class, In each
case the rents for 1873, 1874 and 1876 are
given, and 1t will be found that on the lst
Of May following the panic there was no
considerable decrease OF prices, but that
rents for this year are far below what
they were. One house In Madison avenue,
near Twenty.tiith street, a four-story
high.stoop brownStone front, rented Ii
1878 for $4,000, and In 1874 for $4,000,
while this year II only brings $4,000. A
house in Twenty.sixth street, near the
81, James Hotel, answering the same gen.
eral description, was leased In 1873 for
two years at $4,000, and this year the
lease Is renewed for two years at a reduo.
ton Of 81, 900 year. A brownStOne front
English basement house, four stories high,
In Twenty-fOurth street, near the same
quarter OF the city, was leased in 1873 for
two years at $4,000 year, and now rents
for 81 900 q year. Athree.stOry brown.
stone front house In Twenty.sixth street,
near Fourth avenue, was leased In 1873
for $4,000 II year, the lease running two
years, and has been hired this year for ST..
500. In East Twenty.ninth street, near
Fourth avenue, three.stOry, high.stoop
brown stone front house, which was leased
in 1872 for two years at $2,400 a year, Ia
now rented at $4,000 a year. A boarding
house In Fifth avenue, near Thirty.HrSt
street, a four.Story, high.stoop, brown
stone front, which was rented last year
atSS,200 q year, now brings only $4,000.
Another house Of the same description
close by Is rented ut the same figures this
year, which also brought $751; 200 last year.
A fOur.StOry brown stone front, high-stoop
house on Murray Hill, near Park avenue,
which in 1873 brought 81 900, and In 1874
the same figure, now brings only $1,000;
but similar house in the same locality,
which was also hired for 1000 a year In
1873 and 1874, now pays a rental Of 49,.
600. A four.story, high.stoop brown
stone front house In ThirIy-seventh street,
near Park avenue, which also brought
$4,000 q year in 1873 and 1874, has now
been hired on three years lease for 49,
800. Three years leases arc not common,
but an instance was quoted OF a house In
EaSt Thirtieth street, near Fifth avenue,
also brown.stone front, high.stoop, four
story house, which Ia also leased for
three years. II now brings $4,000 year,
while last year and the year before Il
brought $4,000 year. Further up town
q similar house III Forty.fith street, also
near Fifth avenue, which In 1873 brought
$4,000, and las! year was hired at the
same figure, Is now leased for two years
for $4,000. A two years lease at $500
a year has been given Of a four.story,
hlgh.Stoop, brown.stone front house In
Madison avenue, near Thirty.fourth
street, which In 1873 brought $4,000,
and last year was rented at the same
price. A similar house In East Twenty.
ninth street, near Lexington avenue, was
mentioned, which Ia now rented for ST..
800, and which for the two years previ-
Gus to this brought $2,4O0 a year.
Around the corner from the last men.
toned building Is another house, facing
on Lexington avenue, which in 1873
brought $4,000, and on which there was
no reduction IN 1874, but II IA now rented
for 700. A housein Fifth avenue, also
q four.story, high.stoop, brown.atone
front, brought $1,000 a year last year
and the year before, but lie rent this year
Ia only $1,000. All these instances are
from The books Of Messts. pooley & Co,
who estimate the general average decline
Of property last year at two and one-half
per cent from the prices Of the year be-
fore, and the decline Of this year at nearly
twhnlv.hvn nnF Hnnt