The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-01-30

and Market, the stores in that fine block
of new buildings has been reduced from
$500 to $500 per snnum.
On Main, between Eleventh and
Twelfth streets, some reductions are
noticeable. Jerry Clemens old stand IS
offered for 81 600 the coming year. 1t
did rem. for 81, 200. 1. Blum & Bro. re-
main in their old stand at last years rent.
A new front is to grace their store room.
Emsheimer & Bro. move into Shlebs
stand at a reduction. Terms private
O'Kane s. Devine get a reduc-
ton of 500 for 1878. Rentals
for stores lower down will keep at old
rates, because more desirably located.
Prices grow higher until they get to j.
w. Grubbs, where they reach their
highest. Both he and Speyer Bros. pay
81 200 a year. On the other side OF the
street the buildings are older and not as
popular. Take Zanes block, tie
rooms, which Messrs. Gold & Bro, form
erly occupied, and which Oxtoby u Dut-
field now occupy rented for $500. For
1878, $500 will rent them to good ten
ants Mr.. NJ. Reilly holds his two new
buildings adjoining the new Peoples
Bank building at $500 and 5000 respec-
lively. They are not yet rented. Ihey
are elegant rooms and have every modern
convenience.
Between Twelfth and Fourteenth streets
on Main, the demand is generally brisk,
because il is considered the most eligible
square in the city for wholesale business,
though its nelghbor, the square below, is
rapidly coming into favor for the location
of wholesale houses. The maximum is
that paid by Gutman & Bro, Sl,lOO.
The minimum is 5000, we believe There
are five empty store rooms on the square
which have been lying idle for months.
Mr.. J. Zoeckler, who owns the store just
south of the old Peoples Bank, has rent
ed il to Hanes, Wilson Il Co., for S6OO.
The room formerly occupied BY the Peo-
pies Bank is offered at $500 Further
down, on the other side, Messrs. ). u.
Morris 81 Miller, the confectioners, nave
relInquished their rooms. An offer OF
reduction from 81, 200 10 $1,000 and $3.50
to $3.50 respectively, has been made by
the agent of the property, but has
not yet been accepted. Messrs harper
Il Bro. have had reduction OF sou
year for last year and the coming year.
The empty store room, and twin to the
one now occupied by Geo. Feeney, is
held at $500. Some advances have been
made on this square. The building occu-
pied by Vance, Hughes & Go. has jumped
IRON 81 ,0C0 to SLIGO.
Property on this square holds Its own
well. As a sample, mention Is msce OF
the two buildings occupied by Messrs.
Delaplain & Go. and Wheat, lsett "
Nsylor, which rent for Sl,4Oo year.
Many tenants hold leases, and cannot
take advantage of reductions in other
quarters. They hesitate not however IN
their luck in taking long
leases. They propose to 60 slow on them
Between Fourteenth and Sixteenth,
on Main, there are some few reductions
in rents. Many OF the finer buildings
are occupied by their owners. The
building now occupied has been rented
to A. G. Egerter for $3.50, reduction OF
$50. Messrs. Egerter & Co. have rented
their old stand to Walters, the
grocer, for $500. The square
IS acquiring more favor each year
for the location OF wholesale houses, and
we mss our calculations much II ere
long the present vacant spots and un-
slightly structures are not covered by no.
bic and capscious buildings.
Mr.. j. w. Paxton informs US that he
has made few reductions for the coming
year in rents, his were mostly made last
season. All his houses are rented ex-
cept one. Lsst season he made re-
duction in many Instances OF 10 per cent.
Across the creek many reductions are
taking place. Houses that rented last
yesr for $500 will not rent this year tor
more than $3.50.
On the Island a corresponding
deminution in rents is noticeable. Re-
ductions varying from 10 TO 20 per cent
according TO location. We heard OF
tenements that rented for Sl2 per month
last year being offered at $40
this year. In North and East
Wheeling We hear The same re-
ports from relisble sources. Frequently
from free-holders themselves. From the
information collsted above, there is little
doubt that rents generally are on the de-
cline, and this decline various from lO to
% per cent according to location for
business rooms, and q much greater per
cent IN some localities on dwellings. Ot
,nr,so ,bara ara frppuant aTCaDtiOns hut
where it occurs good local cause can be
assigned for variation from the rule.
The great reduction in the rental
value OF property ls hsrd on the land.
lord, and particularly so on them who
built when every srticle that entered
into the construction of q house was at
It's highest. There are lots OF instances
today, where real estate owners are not
realizing tour per cent on their invest
meat. II. is not strange urder the cir
they complain about taxes
and insist that the levy be less next year
than heretofore. All other necessities
and commodities have taken down.
ward turn, and why not tsxes2 These are
the DAYS OF economy and pinching times,
sn d the peoplewould be pleased to see that
their effects are not lost on the members
of Counsil and County Commissioners,
snd in the next city and county
levics get the assessment down 10 "bot-
tom rock"
Cox on Civil Service
Hon. :. y. Cox is said 70 be filing him.