, 1872-12-08
The Clark Street Railway-Academy<<
Of Sciences, Hotels, ETC., Etc.
Summary Of Trar. .sfers for the
Week.

| +@oAs LII 1and and In building. We can think OF
half-a-dozen projects Of this kind that have been
talked Of but are not likely to be carried out, bo
! cause there seems to be no surplus money to
undertake new ventures. Many Of the land
! proprietors who have been most prominent in
real estate speculations are obliged to concen-
trate every dollar Of their resources on the CON-
pletaon Of new business buildings; others, who
haVo been little too greedy in their endeayor
to buy and control all the land that
adjoined theirs, find they must have something
that is more imm ediately available just now than
outside lands to raise money on. Whatever may
be the effect Of this condition Of Affairs on
suburban lands held for speculation, it is ap-
| parent that all the grand buildings that have
| been started are bound to be completed in tho
fullest degree contemplated. There is 80 much
money invested in them already that, even il
those who began them should come to grief,
their creditors will be bound to advance thet
money to complete them. The result will bet
that, eTen if individuals suffer some loss the CITY
at large will receive the benefit Of the invest
me1t OF an immense amount of capital that will
make it's business quarter one OF the finest in,
the world. The Inducements offered tot
merchants in the way Of magnificent
stores and the probability Of low rents fora year.
are bonus offered to capital to embark in trade
mere, and will undoubtedly be the means Of draw
pose. Owners OF business property, Of course,
feel little sore at the prospect Of 1owrents; but
Il 1t should be found that business rents arc
lower ID 1873 than for some years previous, there
greater prosperity in Chicago trade, and be the
forerunner Of greater advance in the value Of
Eenl estate than has ever been experienced here.
The full effect Of over-bnilding has al
for some months past Of low rents
NEXT year, and prices Of Chicago business prop
erty have for aome time past bean down to the
lizard pan." From this there can be no reasou-
abie expectation Of change in any direction
but an increase OF values.
SUBURBAN LANDS
are not 30 readily sold as 4 month or two ago.
This is partly due to the causes enumerated
above but is partly only one Of the Incidents Of
purchases usually }s OF % anyhow. :A 4hsre sre
outside lands yet at fair prices, one Of WHICH
was completed BY III: 4. 1. Hi
of rfhn 50 aolss fs" in d'{s fbe Z the Of 9as 45s
Sc Of Section 10, Town s8 north range Il
East, being east Of and adjoining South Lynne,
for $4,000, nearly 75 caah, md so lots on Nil
waukee avenue between Western avenue and
o. two other negotiations nov pending for both
suburban lands and inside property to an agg1e-
gate amount Of about 100000.
THE PROPOSED NORTHWESTERN SHOPS.
N1Aa4A0Aa01O A4kt1c5k - 4t4k Ill WuaG IQAY Do
the effect Of the probable change in the admin
istrahon OF the Chicago l. Northwestern Rail-
road on the project Of building the great shops
IN Section TO- mile vest Of Central Park. It
WAS veil understood that this project was, to
which received Mr. Tracy's encouragement.
The shops cannot be begun until next spring,
but it at the next election new President Is
elected, and new policy is adopted, it may in
terfere to some extent With the project. The
N0rthwaAfx7rrt r04f3a ara hrtvavar pattiTc IN ho
so extensive that q concentration Of its repair
work is getting to be necessity, and, as no bet
ter spot can be selected than that already taken,
it seems that the chances are in favor Of the
Tracy.
SWAMP LOT gwEDLEs.
4 month ago We referred to land sWind1e in
the subdyiajon Of 39t of swamp la2d ai5 miles
front by 80 feet deep, that were being sold to ig
norant laborers for IS apiece, a-d again to s
similar swindle in swamp lots, five or six miles
south Of South Chicago We are glad
Kind o sznn tas See1gge gW sce fs
been arrested and taken before Judge Blodgett,
Of the United States District Court, to answer
to an Indictment found by the Grand Jury,
charging him with defrauding the Government.
There are three counts against Scott, each Of
which is for the uon-stamping Of deeds given
for some Of that "West Chicago Boulevard"
property he has been giving aWay.
NORTH SIDE MATTERS.
The movement for the extension aouthMard Of
The Lake Shore drive to Indians street is making
good progress, and right Of way has been given,
within the past week, by several parties. Tha
ist Is nearly complete, and the great improve
md placed in charge Of the Lincoln Park Board,
1nder park rules, which will insure tha character
# the drive for al time to come.
The improvement for re8ideuce purposes Of
he Catholic Cemetery, some thirty acres lying
10 at NJ naarhorY, rF Dbl
8 assured. Right Of way is to be given for State
treet, and the whole magnificent tract will be
aid out and plated another year, and put upon
he market. Bishop Foley has refused large
'ulk, and will control it for the best class Of
esidence development in keeping with the quar-
er Of the city to which it is to become so con-
iderable an addition.
The proposition for the pavement Of Cass
treet is being generally resisted by property
wners, who desire to maintain it quiet resi-
ence street.
The old familiar names OF residents On tho
forth Side are coming back into the pages Of the
Directory and TIE TRIBUNE carriers lsts-
Ienry ". King has just entered into occupancy
+ the completed portion Of bis costly residance
= the corner Of Rush and Huron atreets, which,
'hen finished, will represent value Of
yer foTty thousand odots do5lara ;rra 3ql!s9 R
ave within short time entered into new resi-
ences in this quarter. A. G. Hesing is build
~ at the corner Of Cas8 and Huron streets two
eautiful brownstone, Bwell-front dwellings,,
ith Corinthian porches, for himself and son, to
q ready for occupancy in May, when Nj. q.
opes to celebrate his silver wedding in his new
ONE. We hope he may observe his golden
edding On the same premises.
Very many residences are projected and
anned; in numerous cases under contract Tor
'rly epring work. It il noticeable that in SUI
GENTLY numerous cases to assume marked
laraeter to this quarter Of the city, these North
de homes will be detached structures on large
ts, and The fire ordinances, to say nothing Of
10 taste Of owners, will dictate their permanent
,aracter.
The joists for the main floor Of St. James
hurch have been laid, and the walls will risa
,4t spring, for completion and occupancy be-
re- Christmas. The gables Of the Fourth
resbyterian Church, Rev. Mr. Swings, arc
,arly finished
THE CLARK BTREE7 RAILWAY.
The block On Clark aReet, hatBeaa WAahi2g:,