, 1870-11-06
REAL ESTATE,
influx of Capital FUR Investment.
Dwelling.House Rents--.The Avenue
Hotel.
Transfers for TIE Week-~M,tket Here
Animated.

Menaon WAS make 10 TUE TRIBUNE, recently,
thlt there was an Increased adx Of capital from |
the wealthy cities Of the East to Cncago to be lnAn
ed on real estAte, and that this had hid tue effect
70 REDUCE the rate OF interest on large loans Tue
New York Bu.e.in, one Of The le AAlng commercial
nspe1S Of Nrs Suts, Commenting upoa this tact.
says:
"Chic1Eo L. now feaptug the advantage Of
consolidated commerce and an established reru-
t4livn. The high rates Ct interest chalged =: the
West are due largely tue UNCERTAINTIES And
risks peculiar to 4 newly sestled couotry aud a
migratory population. In proportion as nofuln-
ton sstlles into large cities, and the peo-
adequate baas Of security. the lenders Of |
other districts where money ts cheaper are found
wll,ug ~ etnalo5 their iunai n the higher rates
Nt1t ultimately wifi tut x1ent advantages to the
West Que direct effect will ne 10 eAse the rates |
m9on n ~ ,G ,l hsr r. o ~
u4. en,rat. !. mtnt IN paper. The RrcuEer ease IA
busruNing upuu real estate vii! atsa tetn II rn-
1,uildirgs, wlil lie s1rr1al!r aided IN competing
nnh Eas:e1n l.roduessan.
II |. successful estane rtiul paper, *n:h u very
Ilnetent thtug from successful palincat OF pr
IaI uass pIecessa1:ly iy Tue srath 10 n eer r.
r.use tLeir Readers are more intelligent, and
kceret to detect errors, ttlntr In the Statements
o. e,,., ~ s ~ ~, .'e 'ae'"'
But, in Aslaltl1n TO the tuc.cssr OF capita! co-
saE here to b. loan O. sss3 ssa.s sssunty = r., Re
tnsts x ,na y couNa Ss Us ~ M
IN. the Tee Of real estate Some OF
thls y LOT 4. speeaaNs operannns' esas
sos.I cl s IA iss pEope.T5 y wi. M ppS to iesit.mas
uste- Quite nuinter Of large manulactnlin!
SneST Iart.ptes 6rTr' ' and m. nnrcnzsn1 Sronnd
utoa winch 70 natld. From NE : n.it sokns and
II nsn nSo h. =. srn,sj rs.ns1,ir1sr fo.1unPs
~ ~ trnnr art. esrn,,T hcre to Guy homes Secsuse
1nSy H1sis. a,sa nss ~ canI;a, a,d nonna,,n m
~ ne sr sre =, FAY. ~ tsiinn
10 some extent: but there has been an increase
| ~ feesa ms,ren,ents dnrjny the fast montn Tne
erns1,s aas made it arSarrat that Chicago L
rnmsinr mnr,. rantily ti1ar nn5 olher civ ID 1hy
srSt ra -. III t,af itr Mimi fian "a shawn
Moa e,s e ae .nnd ;Io 1ohs nat a
y re eens. We ,hea Il, n
re4 r,tsa wa n'. du.. to sn1 more cor1ect mesnos
~, N IL. c1,cn,nsInce thst the Gil,
III aa 11oxtng fas,rr than eTen a lasxt
: msjor;sy u - own sittz:n. thouEhv. 4. rale
ELI ih.s Irs, rnnfer ttaf tnis tIue Chtca%o M
* ..snt,nn ens ~ 1hs 1fnir 4e @AA' >''''@
= IN e4ceF11ou W snc iuss.
!. ~, nSIs Is tf1ee rco,,na there ha
nrorcmr., -, in tbt ie,naud t.
ra.a ~ .,wFirrx that could 1c lad ri rentals
,un.s sntS,s,nr:f f.pants u,orr Iya 1ils than NOR
.ro.;,stre hnnses fnni,an thrF eeem 10 he especi4
" su now. nro1ubly fIum the TACT that during tn
nast wear The ceutfal character Of tue house bull
s inv in the ctr has Leen Of d 1uosc expensiE
If Lind. EveEy builder who has pfospeEe
r. | -aud most Of them IN Chicago have-hAs IL
J. | snllAttous TO butlI "A nns houses, and the mol
1t nrr..ss1FY class oY cheaper dwellings have bee
- rrRec,ei. ii is douhfleas gratifying 70 tic p1ft
'e ul cvc.y citizen ot Chicago 70 witAess ne ere
INN q 50 large prorortio7 q marble m a.
{ LereJ that It Is only small proportion o: q
population that cnn nfIOrd to lire IN theIn II
class OF tenants who arc 1htc and Et!lin2 to n
I from Sc00 10 {1to per annum t9 nearly ten times
large as mat in which individuals can nfloth
:. pay $3.50 OF 91,ooo per annnm. Mani Feope
nK moderate means come TO Chicagos d tneE 10
~ | other cities, and are obliged u 30 away On
Mt | count Ut tile expense Of living. Many aFC peoI
81 whose education and hnolts make them des'
m- | tasteful residences but they cannot aA1Id
Ito rent mxEbIe trout houses. Ii nlnre houses VI
k1lt with view 10 this clase OF tcnauts. v Wut
'sh lie one Hcans Of promoting The Kro*th of !
~ rltS. Ant The houses won!1 le ptoason4c 10 "