, 1879-03-02
Prospects for Rusiness.--Real Es"
tate and Rents the Com.
ing Season.
4 Handsome New Hospital for the
National Military Asylum
Grounds.
End OF the County Hospital nyesiga-
tion, and lis Unfortunate
Results.
The Story Of Romantic Marriage, Sup
plemented with General Society
Ohit-Chat.

Oulkr4uhls
BUSINESS PROSPECTS.
Special Correspondence Of The Tribune
M1LwAUkRH, March 1.-While sauntering
along East Water street day or two since THE
TRIBUNE correspondent encountered q leading
real-estate broker, who fndulged IN CONVERSE
ton upon the business outlook for 1879 as view
ed from the standpoint peculiar to the line Of
business in which be Is engaged. According to
the representations OF the gentleman, the sea-
son is opening with more hopeful prospect
than at any time eince the rulnous crash Of 1871
"The Bankruptcy Law being abolishcd,' said he,
"most Of the weak merchants are weeded out,
giving q better tone to those who hare wealth
cred the storm, and 1mparting that confidence
which is necessary to carry on commercial pur-
suits successfully. Resumption being now also
d fact, and having occurred withou. creating
any striDgency,-eliding in upon US A.
most imperceptibly, all classes Of CONNER
cial men, particularly merchants ano
capitalists, feel that nc have reached a safe
basis and sure foundation for future business
ventures They feel that they have reached
good bottom to stand upon. The American
people, possessing hopeful dispositions, borrow
from tie future, and are even now anticipating
the source Of al! wealth in a1l agricultural
country, the coming crop, which there is every
prospcct-as Mother Earth nas ocen renewing
her yigor with four months snow-Wllt be
very heavy. It is a weu-known fact that after
such q wiuter as tue one now neariT over the
crops have alTavs been unusually good. With
renewed prosperity from the causcs mentioned.
real estate will once more be sought Tor, both
as . speculation and as tie only really safe
place to invest money for lnterest-parins puf-
poses Real estate in Milwaukee has never been
+11 h9rn
had any Of the disastrous consequences
arising from foolish specufations III that direc-
tion. Whilst, OF course, from the chanec OF
business locations some OF our property. which
ut one time was considered the most valuable,
has depreciated materially, still desirable loca-
tious on our principal thoroughfares sold during
the rear 1873 ut the highest figures known.
Property on East Water street was sold-the
bare eround-1or $500 per loot 1t is true that
in some Of outlying additions sales drag. but
unless they are forced, prices are not materially
lower. Most Of the lots in the additions that
were sold at auction last summer were pur-
chased by actual settlers and built upon tmtne-
diately. Park, Cambridge, and Kane's Addi-
tions NAV be instauced as fully bcarin1. out tic
truth Of this assertion. In each OF these addi-
tions houses have sprung up and communities
created magically. The Vest Side, too, includ-
ing the region round about Western avenue. 1naY
also be cited. An inspection Of our daily jour
nails reveals very few: Shcri1's sales. This indi-
Gates that people now owning real estate either
have it entirely paid for or SO we'll iu hand that
there is no occasion to fear trouble.
"Although " rather early in the season, yet a
good inquiry for real estate has already de-
yeloped, and brokers find themselves largely
called upon whenever desirable property is
placed in their hands to be sold. Much building
is already contemplated, as may be judged from
statement volunteered the other day hy lead
Ing manulacturer Of brick, to the effect that
contracts have already been made By the local
yards for as many brick as can be turned out.
The new shops Of the Chicago, Milwaukee 81 St.
Paul Railway Company, embracing at least 4
acres Of ground, and completely fll
the hitherto vacant space between the
Company's north and south track. Then there
ere the mammoth new elevator Of Angus Smith
proposed Produce Exchange building, large
new hospital building on the National Military
ASYLUM grounds, and several fine stores that
have heard OF, which will require large amounts
of brick and other material, and promise to give
employment TO I'll idle 1aborers.
''Already the question Of renting is beginning
to haunt the minds of housekcepers. Thus
early in the season inquiries are:being made in
considerable numbers for houses. Rents will
not be materially changed. They are already
pect any advance until the revival Of business
spoken Of hns occurred Any houses that have
remained long vacant will be found OF the old
and inferior class. The demand is mainly
Couuucu 10 uch oueS VI uOdeIu sLftc AIlu SUP
piled with modern conveniences. All new houses
nrc quickly picked up at fair RENTALS while really
old ones 60 begging for tenants What Mil
waukec lacks now, more than anvthn. else, Is
housesthat will rent ut from SIS T., SIS per
month. There is great scarcity OF such houses,
and In consequence many people suffer disap-
point1nent daily. It a few OF our heavy real
estate owncrs would only put uo number Of
such houses, they could easilv secure for them
not only constant but good-paying tcnauts.''
Thus the gentleman talked on, until turn
arrived for an abrupt Termination Of the con-
versation. His views have been carefully noted,
however, mainly for the reason that they CORE
sDond with others that The TRIBUNE correspond
ent has heard expressed within q short time.
NEW MILITARY HOSPITAL,