, 1873-01-19
REAL ESTATE.
The Usual Winter Stagnation
About Terminated.
Probable Westward and SouthNard Pro.
gress Of Improvements next
Spring.
Land Titles, and The Necessity of Indiees to the
R(tords..-.TranS(trs for ths Heck.

There is not much to ba said about actual
transactions or new projects in connection with
real estate this week, though. the volume Of
transactions is increasing q little, nd'there ap-
pears to be more ready money offered for invest
ment than there Was q few weeks ago. Every
winter, VIXEN money. gets scarce, when every
body feels poor, and building stops, thus stop
ping tho visible expansion Of the city, doubts
arise in the minds Of many people as
to whether the coming spring il to wit
ness the return Of speculative actlviS and the
continued rise OF prices. This winter has been
no exception to the rule in this respect, but,
considering the extraordinary stringeucy Of
money during the 11.t two mouths, and
the underlined fears OF some kind
OF an impending commercial and
financial crisis; it ia little remarkable that
ddence in real estate has been sustained 80 well.
This usual soason OF doubt is now about passed.
and the prospect for activity OF speculation and
building to begin in couple Of months is fair.
It is reported that the St. Pau1's Church lot, on
the corner Of Wabash avenue and Van Buren,
street, has been sold, though the price has not
been made public
We understand that with the opening Of
spring some neW and important manufacturing
enterprises are to be inauGurated on lands just
Wcst Of Western avenue and south OF Twenty
SECOND street. The impetus gwen to improve
ments in the southwestern quarter Of the city
by the fire, aud by the Inducements offered to
manufacturers By Mr. 8. J. Walker last year, will
eventually result in carrying large proportion
OF the manufacturing establishments Of Chicago
to that quarter.
The two quarters that will attract the moat
persons in search Of property for actual occupa-
the vicinity OF Central Park on the vest and to
the district between Thirty-frat and Fiftieth
stroots, eaat OF State street, on the south. An
instance Of how rapidly population IL moving
mont Of Plymouth Church. After the great fire,
this congregation moved its place Of worship
from the corner OF Eldridgo court and Wabash
avenue to the corner Of Indiana avenue and
Twenty-sixth street, distance Of nearly G mile
and half directly south. But even this 1oca-
tion is now found to be too far north to bo in the
contre Of the residence quarter Of tho
congregation, and 3 further move to a
new site, as far south as Twenty-ninth
or Thirtieth street, is now contemplated. It l..
believed that BY this time new church edihce,
OF the proportions and character to accommodate
the members OF the society, eau be erected,
Thi1tieth street, somewhere cast of Wabash ave-
nue, will be a. central location as could be dc"
aired
SOUTH ESaLEwooD
is new suburban place on the Rock Island Rail.
road, two miles south Of the Normal School. d
fine passenger depot has been e-ected the:e. md
contracts have been 91gEed this T1utef 1of Tile
erection OF over 80 EesdeEces there next spring.
Since July /, 1872 18 sales Of acro property. A
within q radius OF 9h1ee-foutths ct 4 mile ffo11
tho dcpot have been made, for consideration
aggrcgating $711, ,ooo- Among these ar5 the fol
lowing:
Hay II, 1872. J. Q. wanham to D. II. Pike, 50
10 q sc9es &C. - 5soo. 10000
AaYu IS sc1es. 81 .ooo 5000
A1sJhs IsiIany. ro ss .cres 10000
Aus asrea % 81 ~. .......................,. $4,000
AS9 sS aeres s5oo. $4,000
Il. 70 acres. s;so.. ..................... $1,000
0Js Hi1l i n .c1ss- x15o. 5000
Aug I, 1872 Mcneil to kane oscEes, s. ,ooo:: 5,oo<
% aeres, s., M ,ooo. ~ 1900
susnTn1t 8 xcsas, oo.................. ls,1oo
October, 1874 Cal Canal and Dock Co. to- J. H. ~.
Cole, ID scses, $7oo-.-- .-.-...-.'-...'.'. 1'."
Total o,oet
DOES 1r PAY TO BORROW. MONEY FROM BUILDING
aoC1EIIEs?
Associations Of the kind above mentioned
have never been very popular i'll Chicago, and
seTeral attempts to get them up have failed
But Us there will probably bo other endeavors tc
organize them hare, we give the following letter
Of correspondent, who makes the above QueTy,
and answers it himself
10 the Editor er The Chicago tribune:
SIR: In answer to tho above question, may,
Yankee-like, ask another question, WIS.,: DC