, 1873-08-24
REAL ESTATE
Indications Of Favorable. Activity in
Trade, Finances, and
Real Estate.
Important Enterprises Between
Hyde Park and South
Chicago.
Probable Rise in the Value Of Land in
That Direction.
Ieo Subdivision of Cana1port---
Large Salcs i'll That
Quarter.
Obstacles to the North Shore Drive---
Auction and Other Sales.

Auction and Other Sales.
Tho outlook in regard to rcnl cstate as wolf
ns that in regard to business generally, has i'm
proved greatly in tho lust month or two. Tho
impression Las been steadily growing in tho
minds Of business mon, but fear Of jumping
hastily to conclusion which tloy might find
was orTonoous has kept them from expressing
opinions to that effect until worry recontly.
Since ton days ago tho change from e1tromo
dullneBs in nil kinds of trado to the most en-
couragng activity has boon remarkable. Trado
in goods aud products is, OF course; independent
Of traffic III real oatato, but activity in
tho Inter is baBed on profitable
trade In tho former, and naturally follows
as one OF tho results. It is, therefore,
no more than might layo been expected tlnt tho
speculative inquiry for properly should increase
~ 1t hos during tho past week. Just at present
this increased disposition to buy is in conncc-
tion with suburban property westward, south
| westward, and southwark from tho city.
| After noarly year In which speculation in
land between Hyde Park Station and South Chi
| cngo has boen very quiet, we note revival in
| the speculative inquiry now. Tho roasons for
the recent quiet, and for tho present Indications
| Of coming activity in that quarter, are
apparent First, tho important improve
monts hoing mn1e during tho last year at
Washington Uolghts had attracted tho attention
Of apoculatorB in TINT direction, and land in that
vicinity has risen rapidly in yaluo, while in tho
district east of 1t all the way to the lake shore
values had increased but slowly in comparison.
Second, d number Of contemplated improve
ments In tho lako shore district, which has Hyde
Park Station ut Its northern enu, South Chicago
ut its southern end, and Cornell on ills western
boundary, which Ind chung tro " for q year or
30, arc at last in fair way Of being accomplished
ut once, and when consumnntod will 1nlke groat
change i'll tho facilities for quick Transit,
for convonioncos of living and In tho
| general lttrnctionB of thnt part Of tie
suburbs as o placo Of residence. Of thoao the
1irst to be completed iB the establishment Of the
| HYDE rAnK wArEn-woRys,
at tho junction Of sixty-oighth street and Rnil-
road avenue, md the decision to lay tho princi~
pal main in sixty-oiglth street from tho lake
shore westward, so as to furnish Hyde Park
Village. EnGlcwood, Cornell, South Chicago, and
all tho intervening property with MI equal sup
ply of such lake water LIZ is now 30 great bosB-
ing to the city proper. Tho site Of tho now
water-works will be one block south of the south
boundary Of tho South Shore Park. At this point
tho wator-works will be Que milo and q haf south
east of Hyde Park Hotol, two miles northwest
of South Chicago, md ono aud lialf
milos oast Of Coruol,. While the yoluo
~ +t;a ;1nnor,,,t innrovcn,ent IN ,ha no,ts
mentioned will bo great, and who it will Gu
hance tho value Of property nt each, the effect
Oh tho value Of intermediate land now unocc,,-
ricd will la greater, Hundreds of aoros of 1and
,vic,, oro nov NJ, occ,,nicd ond con In ho1t for
"ulon ~ onn w" ~ a ooo Ao s:, w to
from S1'Soo to F3,ooo por aero w!ll DO furnished
with supply of water for dwellings md manu-
factorics which for its purity is unsurpassed in
tbo worId.
'''0 pt,1w.v IN THE sour,, suonr.
4,a.,,os ;,,,,,.>,,an,o,,t - ovn e1aatau
"nosnos IMPROVEMENT y, ~ o'on s1oasor 'inpor-
tauco to " particular district OF Hydo Park is tho