, 1872-10-20
Activity in the Demand for Suburban
Land to SubdiTide into
Lois.
Auction Sales--.Fictitious Considerations
---Bank Rents---Landlords'
Grievances.
Building Notes --- Summary OF
Tranfers for the Week.

/ adaHs have worn for several weeks past. There
7 is an active demand for medium class Of two
| story and basement brick dwellings in all .the
| good residence quarters Of the city, and grea&
] many .are being sold. The prices obtained ara
| in general just about the higest figures asked
1 for the same properties fourteen months ago.
In f5aw Of the greater cost st building now than
! then, it would seem that prices should be con-
| sderahly higher, but about August and septeu-
I har OF 1871, there was an immense number ok
! new unoccupied dwellings, in the city, which
] hsd been built for sale. At the tins
/ OF the fire many Of those who had built On Spec
ulaton rere getting 'shard up," and when torc-
ed to sell were obliged to take good deal less
than the consideration aHked at first, and prices
| were, therefore, to a great extent nominal But
the destruction Of houses in the fire, and the n~
! creased population since, have more than ab~
+ sorbed a1lths surplus Of dwellings, Of this class,
and it seems probable the demand T1l continue
The speculative feature OF tho real estate
| business lB ID suburban lands: More than tWice
! as much land has been bought for subdivisions
andsa1e in building lots this fell than ever before,
and the sale Of lots ct auction is likely to become
q much larger business than it has been.
we hear OF the eale OF 10 acres in Section IT.
five miles weat of State street, between Madiaoa
and Harr12on, at 81 ,250 per acre: This is doubl6
the price it would have sold for st this time last>
year, An2 is IS per cent moro than it. would have
Drought four months ago.
| knrty acres ct the junction Of Milwaukee ave-
nre aud the Boulevard we're sold at $500 par
acre during the past week.
A tract Of 40 acres, lying on both sides OF the
| Chicago, Columbus Il Indiana Central Railroad,
ust.ten miles south Of the city limits, and two
| miles southeast OF the railway station at Wash
| 1nston Heights, WAS sold this week to Easte1n
parties for $1o5, 900, Or at the rate Of 9225 per
acre. Terms, $4,000 by Nov. 1, balance in one
I = Vn4r4 7titE q mr. NIT
4 t1act Of serenty-fye acres in the east hair
| of the southeast quarter Of Section in tho
| ToWn Of Cicero, being just north OF Austin on
the Galena road, was CONTRACTED for about thirty
| ever. sold bis contract q few days since for {
! bonus Of $5000.. -.
FICTITIOUS CONSIDERATIONS. -
| a good, rlsuy req! estate speculators syatemat~
transfera Of my property they sell The objects
| for this are various one wants to make it ap-
| pehE that property in some particular neighbor-
hood = 4drane;ng rapidly in yalne; smother
obliged to ael tor: less thai: -ha has
| asked; Enotter don't wa1t it to BppeaE
th&s he is selling for less than some neighbor,
| "ho has put IN a fictitious consideration in
that this practice is increasing men who: would
scorn to lie in conversation do it in the convey
ance OF PROPERTY. Humbug. Of this kind is
bound to be exposed sooner or later; it's effect
1-45n - eACaou1ubly pnu% an A8LuI9 Stranger
| who comes here aud finds out. 3 few such IN
stances. accepts it as tbs general rule. and goes
away to inform his acquaintances to that effect
Chicago real estate will advance fast enough to-
profit, and thera is no nse in lying to make it
appear that prices are advancing at such rats
az must necessarily cause reaction soon.
TIE CALUMET CANAL AND DoCK co.
recently negotiated 8 loan Of $500, 900: With
Eastern capitalists, giving . mortgage On 5000
Of the 5000 acres Of land they own IN. and
around South Chicago. The money is probably
to pay for their share Of the extensive ha1bor
made there during the past year, under the su-
perFision Of. and mainly at the expense Of the
United States. Another loan Of 5100, Geo il
also being negotiated BY the company for the
their property in South Chicago which is adna1r-
ably adapted to that purpoee, having ample
dockage FOR vessels bringing ores from Lake
Superior and railroads running direct to the
mines Of the best coal for that nse- ,,
RAILROAD TRACKS IN TIE SUBURBS.
Property-owners report that the G. G. d l. G.
Railroad Company are stealing the right-of-way
for anew track now being constructed on the
ssYaentine street" Is or 50 feet east Of theola
Great Eastern track, and extending from
Twelfth to Kenzie street. It is said that ths
property Of some non~resdents is being cut in
two, and partly contiscated without their knowl-
edge.
THE PITTSBURGH AND FoRr WAYNE CoAPAEX
are constructing double track from Eugle-
wood to South Chicago, but have been enjoided
by the Michigan Southern, who claim that the
ground in tie right-of-way occupied by tho tWo
roads, belongs to them.
BANK EEITs.
The following are specimens Of the rents now
being paid by come Of the banks Of this city for
Third National, southeast corner Of Dearborn
and Washington, otHce-room 42171 feet, $4,000
Washington and Dearborn, otdce~room 32x70
feet, $4,000 per anpum.
Merchants Savings, Loan, and Trust Compa-
ny, northeast corner Of Dearborn and Madisont
of1ce-room 3G170 feet, $4,000 per annum-
National Bank Of Commerce, southeast corner
Of Madison and Clark, ofica-room 22111165 feet,
81, ,000 per annu1n-
Second National Bank, northeast corner Of
Madison and Clark, of6ce-room 171zx73 feet,
Northwestern National Bank, southeast corner
Of ,Ia6alle and Washington, oflce-1oom 34150
feet, 81, 500 per annum.
Com Exchange National Bank, high basement
in Chamber OF. Commerce, Southeast corner Of
Washington and Lasa1le, of1ice-room 34150 feet,
Sc, 500 per ananm.
Merchants National Bank, basement in CHAM
ber of Commerce, office-roon 3t25o feet, $500
Traders National Bank, southwest corner ot
Madison and Lasal1e, ofice-room 3415o feet,
$4,000 per annu1n.
National Gank OF ILLINOIS, west SIDE OF La
Sale street, between Madison and Monroe, ofice-.
room 30170 feat, So, 600 per a1uu1n-
Manufacturers National Bank, northwest cor.
ner Of LaSalle and Monroe, of6ce-1oom 30170
feet, $4,000 per annurn-
These rents are fully up to the average, it not.
shove, the rents paid by the same institutions
before the fire, though in all caaes the present
Offices are moro conveniently arranged and much
more elegantly finished.
HOUSE RENTS
ara exceedingly high, and desirable tanerants
scarce Fhe house-agents are over
run, with no chance OF meeting the supply.
Said one Of them to Us, yesterday: "TwelTe
hundred desirable houses could be rented in the
West Division within tho next ten days." But
we shall need 1egia1ation Ut Springfield before Z
he tenement question can be- aottled. Weshou1d
Increase the troubles Of landlords were we to at
Tempt to show tenants the looseness OF the PRES