Daily Republican., 1879-09-05
wlLMIHaT0n's FuTURE.
Zeal Estate On she Upward Tara
Property Assumlnx new Import.
aace and value-The Demand for
moro Dwellings. etc.. etc.

Properly AeoumlnG new Import
aace and vaIue-The Demand To-
more Dwellings. etc., etc.
The sudden and important rise in th,
value OF real estate in the city Of Will
mington, has been so palpable and
striking, that capitalists on every hand
are turning their attention towards il
AZ safe and reliable channel in which
to place their funds.
THE safest, and most profitable in
vestment that can be made at the pre-
sent time is undoubtedly we'll selected
real estate" said prominent brokel
TO REPUBLICAN reporter yesterday
afternoon, and added hs, "Wilming
ton presents a field for that sort of in
vestment at the present time that il
seldom equallsd."
The intrinsic value Of real estate ad-
vsnces rapidly and solidly when it il
needed for production or for residence
Solidly, because when it increases es
pecislly for the latter purpose, it ii
slow to decrease, DO matter what in
fiuences are brought to bear upon it
"Straws show which way the winds
blow" is an old and tritA saying, and
in tour among the real estate brokers
yesterday afternoon, q REPUBLICAN re.
porter gathered few straws which
show as plain as the MONDAY sun, thu
Wilmington property is being waited
upward on the breezes Of prosperity,
and is rapidly assuming additional
value.
In conversation with Mr.. J. T. Heald
who We suppose handles more real
estate than any other one man in the
city Of Wilmington, we were informed
that he had not at present, q single
vacant house on his list east of Market
St., all having been rented, and to
good paying tenants. The same gen.
tleman also informed us that there are
at present some 81 houses in course Of
erection on property lately cut up into
lots. On the Askew property lately
sold by him, some Is dwellings; on the
Cause estate about the same number,
and in the Eastern portion OF the city
some ~ more.
Bond Il Pierce, at Sixth and shipley
streets, report the call for small houses
for rental as something unprecedented
at this season of the year. This is
partly accounted for by the fact that
while in the beginning OF the year
things were dull, and work scarce, a
great number of families rented houses
on :he co operative plan-two or three
different families occupying the same
dwelling-in order to economize. Since
then the increased activity in business
and the natural opening up of the diff
ferent avenues of employment having
greatly improved and bettered the con-
aition, especially Of the working classes,
their resources permitted of more
comfortable mode Of living, hence they
are seeking dwellings where they may
snjey more privileges. In addition
quite number of families are seeking
homes in our city from Philadelphia,
and other cities, and the surrounding
These things most emphatically prove
that Wilmington real estate is looming
up rapidly in value and importance
and the increased desire for homes al
30 CLEARLY shows that our city must
soon enlarge its area and take in the
surrounding territory. Lots in the
v estern portion Of the city are being
bought up with rapidity and being
built upon. And in fact the present
outlook denotes that ere many years,
acres now Of green fields and marsh, on
avery side Of the city, will be transfer
red into substantial dwellings and well
graded streets.
The buildings above mentioned must
not for moment be accepted as cover
ng the entire number Of dwellings in
The course of erection; far from it, all
'ver the city houses are going up and
OTIS that have for years lain idle are
low being covered with substantial
buildings.
From the above j. will be plainly
'een those having funds to invest, can
ind no better or safer mode of realizing
han by purchasing real estate.