The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-02-24

hoeeyeE accompanied by ANY change
thai h IN auy way depressing CA the
contrary, while the huancial p1ndi'
I lion NJ the country pfeeludea al Idea
IT speculation, aud willie other eitie'
aud towns are experiencing q derliu'
/ Ing market, II 1, remarkable faa lhal
prier. ara we'll sustained ia DALAI
lli.lue that there f. land IN lhe
clly that gill not nos bring tho price
that IL could have commanded lasl
spring aud SUMMER Notably ibis i
the ease with property Ia the residence
divisions, Ia the nature u values
this decline Was obvious and must
carry will II pefmanency until the
present population has doubled llsell
numerically Lots IN these districts
were held at Imitation figures ~ val
ues that the population Of Memphis
would not Justify. The business een'
ter " Dallas il fixed, aud these prop
erly holders must give up the hope Of
seeing business IN the immedl-
ate nelghborhood II their lois,
The statement, however, that prices
IN the busiLeus districts are sustained,
canuo, be- called In question, Inquiry
conarns tho view, aud II II certainly
a fact that any material concession
on the part Of owners Of this class Of
real wlate would increase the sale be-
You'd all precedent, for capitalists from
different sections VI tho country have
been waiting ever slnce the panic Of
last year ready 10 take advantage Of u
marked declining market. The mar
ket, altogether II In n healthy condi-
tiOu nnd tho present season Is liable
10 exhibit large Increase ol business,
HENTs.
Rents have continued 10 decline dur
Ing the winter The downward move
mcnt has been decided. At first the
reduction took place In the high priced
houses, but the smaller ones are also
affected In the same way, aud 10 u
greater extent. Houses that rented for
my aud sixty dollars last summer are
now occupied ut lhirty.llve and forty
dollars; those that rented for twenty.
five aud thirty dollars last summer are
offered for twelve and fifteen dollars.
In all divisions OF the city rents are
going down. There II less decline In
the rents OF business houses, although
It Is experienced there also, The rec
duction OF rents Of business property Is
not general, however. la the favored
localities rents are firm, aud likely to
continue so. The reduction IL caused
10y competition between the less de-
sirable lJcalItie, aud frame buildings.
BUILDING.
Since our last detailed report, over
one hundred residences have been con-
structed, and Notwithstanding the de-
cline in rents, there i considerable ne
tivity In residence building; and this
activity accounts for the reduction in
rent and the number Of houses offer
ing. The calculation last year with
many landlords was that It house should
pay all costs of labor aud lumber the
first year. aud to that end II box house,
costing between three and five hundred
dollars brought rent OF from twenty
five TO thirly-llve dollars per month. A
number Of residences, decided improv-
ments both in comfort and appearance,
are In course OF construction In differ
ent divisions Of the city, and the num-
Der will be largely increased as soon as
the weather permanently moderates.
The present season will be particularly
favorable for building, on account of
the cheapness of labor and material.
Within the same time some twenty
OF our most imposing brick stores have
been completed, and about as many are
now in course of rapid construction.
The prospects of building operations
We're never more promising than at
present. From what we can gather,
Elm, Main and Commerce streets are
to be graced with additional business
blocks, and that Camp street will put
in an appearance as one of the hand
some and desirable trade localities.
The brick yard of Messrs. Leonard
Bros. resumed operations on Monday
last, and is now busy Us hive, under
the superintendent Of that prince of
managers, Mr.. Snowden Lefwich, on a
strike Of five million bricks. That this
fact is an earnest Of what the imme-
date future Promises In the work OF
construction, the following notice Of
j. A. Leonard, the outside man and
moving spirit of the firm, evinces.
The extract is from the Dallas Direc-
tory, now about to be issued to sub
scrihers:
If success il criterion of merit, as it
has been declared TO be by those who
have given their lives to the solution
of those causes that give to some men
the prosperity and eminence that enti-
tie them to so Yreat rpSDppt then ailralv
Mr.. Leonard should feel encouraged to
press forward to some goal higher yet
than the one he has attained. For one
so Dung, his advancement in the bust
ness and social interests of life has been
truly wonderful. He was born within
two and half miles ofthis city on the
LIST day of January, 1850, and az spec
linen Of the kind Of men Dallas county
iscapable of producing, there is scarcely
a man who knows him who would not