, 1876-07-30

AS 1t Is, its beauty, utility, and comfort, are
never questioned. They probably never will be
the last Mansard erected in America will be in
st. Louis, and that will be several generations
after it has been repudiatcd everywhere else.
Agents anticipate 4 further decline III resi-
dencc property. The pressure has been telt
more during the last six months than ever BE-
fore. One prominent dealSr estimated the DC
cline at 20 per cent since last January. 1t Is a.
most impossible to rent houses for which
more than $50 month is demanded. very few
people are removing to the city, and all VINO arc
here are economizing. But hiEh-priced property
has not suffered alone. The greatest decline Ill
any one section is in that part OF the city known
as Carondelet Her, are located the great iron
foundrics upon which SO much OF the prosperity
OF St. Louis depends. Aud nll about tue
vicinity are tenelnent-houses erected Tor the
accommodation Of the employees. The foun-
populace has scattered in all directions seeking
employment, leaving hundreds OF buildings
te1lantlesS.
1t was thought that the improvement OF small
parks in different parts Of the city would have
the effect to arrest ......
THE DECLINE IN REs1DENCE-PRoPERTY
In their neghborhood, but there hns been no
such result. The general belief now is that the
parks have had scarcely any influence, ana the
speculators who made extensive improvements
hoping to profit by the opening Of the parks
have succeeded only in locking up their money
in very handsome but tenantlcss houses.
Vne t naa nus !sTh IT. sitr seu no " wns
sot ~ Witch arc Tie hcadnnar
tiers of the hnckster-tral1ic. It is proposed to
abandon these concerns anu sell the property.
~ 1 h,';1d;ntr ~ cr,,ar storcs tn ncrn,nmolnte
~ h,,cr rst.rs ,nJTiis ia nbout thn onjy alitn-
NOR # froni hi; that has becn youchsafSd to
e. nu;s o1onsrtv.ownnrs FIR nr,rlv three wears.
Que unfortunate circumstance connected with
~ ha nyorionlnd 1he tunnel through which
~ ~ +ra;,. ,as fro1, III. t,riilre tn ti7e Union
.lnnot rms nlnner Washin~ton aycnue under the
militia ~ lie sfTcot and nctwccn two rows of
fl;u fiu1n1i nhi1S Hotel t1 ;n,:ndcd ''3 '' '9
0'''4~A4 4av a.,s, 1900 ~ p, ,s,,,.o rn.rxa
THE snoch OF rAsslNo ;te ~ tHAiNs t,. h,,ua
Is 81 sleis ..aait t,t; ...t r., ;5rs nn r. the
liigs uie Jal1eu u!1. NJ. fo+to,, If
~ satn e.U,y .,.1 i"';' ~ i; mSrv Wares Iowcr
lnn ene a,u,,,. fa- +a .tfect r,:{erra
ou1laings, "Hien aCcou1s ~ LIZ eiG.. .I; - -
TO- me cltlre sauc W. ~ ~ a. ',r;,,t ~, Ia
tnc anc " 1S 'unc "t .nr In a',1 tha annT.n.
pu.u u Ii,. ntarta;"d "i ~ tot ths tostant
sion Is generally Hnter1atGa .at tne gpss,i
1arrh5 10 MAlcll ". 1.lesc a. III TI;.
WILL cause inc walls TO crunlole au tai. anls
circumstance has allectcu t1c 'asue ~ p'opcs'5
0" h NJ avron;nr sSr s,,rin nropcrty
ine system ;oI ~ " s,1rr9,p Ciic,no wit
clusters OF peau1nul 'nlaScs rs a1inUss '.ae
wholly unkno"n nefe. o.. Lou1S '.n ,;!!'s n!s
only two OF tnree SUBURBS, s., :1lu ttttc
las oecn dohe TO ucselop thein. 1nGiG Aan pes
considerable enort IN thls uirectlou, put s"Iout
effect. Two magnificent PARKS nave 1een
opened strect-ear lines nave oeen eatGnoeu, u
narrow-gause road mas pceh pul4t, ail Will d
view to bringing suburban properly INTO dc-
mand. The land is favorable. II Is nigh,
healthy, and convenient. Its natuFa1 attfactlohs
nat t,hlf.1trh
villages are not. There have been extensive
AUCTION SALES OF SUBURBAN TRACTS,
additions and subdivisions during the past three
years, but, in the absence OF properly systema-
uized efforts Tor developing the properly, very
large portion of the lots have gone to small
and who have been unable to improve. ,bulla-
ings have been put up here and there, wherever
accident or cilcapness OF the property may nave
led the purchasers. without regard to symmetry
or compactncss. Instead OF villages, There are
scattered dwellings,, OF every style, sttassic9 '1
MonS oHer tnan3 sauIie ..a1tes u .iIc .1f
nSn sollnS uu & ~ wy "cos t19 - ~. ".'',, -; ~
tne tlty. alost " LAS p.opets3 y .1n,.,s ~
emperea naee Ing t1 npo"a for usucs cv,a
!elleu W oelos. -, ~ 'le piGJ hono1 ~,
iegders @ arc % not t. Inclined @ to forcclose So long
Us money not ~ oe'ianu' tht ant ~ enefG i,r:,
mans prospect 1nat tnc lallu
WI lnclease ~ va.ue' tne I'LL l.otI ISasso .'
VIII cgnteue All1scll "ito n.s w !. tnt1a
est. me time, however, cannot ,, Ge extenaea
G'tnS up Tue ianQ anu Ia e14e ee :; in',ti
II the prospect Tor Inc improvement OF lana
adjacent to Forest ana Orailoa ratks t; ooes not
approach reailzauon pe1ore iteAI sp1'lS, sleae
able fashion. Strenuous ci1orts W, were made 70 70
put ts properly eu .lic ~ n4lhet t las' sptir ~
was dlvlaeu lnto % anu U loo1 lots' nuu ~. up
at auctlon, ouI Mlthout suceess. aaAe; % tos IT,