, 1873-12-07
Mo1oy Becoming Plenty, and Freely
GEcrcd for Investment.
Largo Sales Of Suburban Acres and
Cheap Lots.
More Inquiry for First"class Res
lccnce Let's.


Aftor moro tl,,n two months Of oxtrcmc dull
nosA in lilo 70 -,tato b'lrincss tlcrn haH bccn
vo:Y osiltve in"ros rnens tu''ng tho Eass "ceA'
Tnoro las boon MI tncrtn II tia inquiry Tor,
m tho snlas Of, lIoGt I'll kinds Of property
exco7t tic highest rro lusin:lB properly In
tho oontra par; of Il CITY. Tao fnancial say
has c!7ar.l moro rapidly du'lng tho past ton
days tam during my 81 MIR period "inco tho cf-
tccta OF tho p,n;c bsssn to disappear. Money
| loo, ming plenty, an conti lorabo sun'h nro
now bAna oacrod on mortgages ut 10 por
cent. Th,,o whore business 1t is to
leu, OF coursr always tnlk OF aoarclty, but 1t III
aui 9 ,rtain tin there is good deal Of money
,omug loro now from the East and from West.
eru ciaie,, both for loan oil mortgages and for
Investment tbe feo Of rctl estate. From time
10 timo ia h,yc r forrcl to tho probability that
tho loss ,uflionco In r1i'road bonds mud
stscis, Wi Il have aiw Us absorbed 10 large
rty,o.t.ou ot tho money O. a1oat at tho close
Of Tic year, woall oauso a large demand for roal
.s,ato rs ono OF the few safo aad profitable in-
yegtmouts now loft to employ capital.
week aso, no noted tho fact that real
sstato iu Now Yols City aud its snb-
urbs was in greater demand, as ono of
tno results OF this condition of things
But capitalists In alI PARTS OF tllo country MO
beginning to rcaizo tho fact that, while rcal CO.
Into iu Now York and in como o:llor Eastern cit
los is thyco or four times high it ial.cre, thero
y no rlaco Ia Ito United S.atos that haB come
through tho panic 10 we'll and with auch favora-
bio prospects for lnrga and profitable busincEs
"a Chicago. Other great commercial cstios, both
East mud Wcst uere 10th to acknowledge This.
bu; H,lrowd capitalists in all parts Of lilo coun'r'
!ayo, neyert:,oloss, foun'l 1t out, aud hundreds
Of them arc looking here for Investments
In rropor;y which thoy tnow will
rdyanco moro rapidly in valuo thnn in my other
city. Fur several wceks af.cr tho panic began
!o sub2idc Tic great majority Of capitalists "o,o
doubtful about tho adyisability Of real estate
Investments, and, when tho purso.stringa woro
first un1ooscd, tho owners of money sought
Investment in tue prime necessities of lfe
Wlc, md corn and polk and snga: and otlor
smia ar things, tl:cy knew wclo 20 low That thero
could Lo no loss in buying them. Consequently
there was, aud is yet. largo fnvontmont
Of money in those commodities, mud
an important 1ise In their prices Las
b,on tllo result. hut in January,
If not before, there will ho disposition to real"
ixo profits, and to invest tl.cso prolits IN so'no-
thing OF moro conservative character. which,
though it will advance much 6iowcr, VIII not
sva-t, hut conti..no to incseaso in ynlnc from
yoar to yen:. 1t is probable that n,auy forcscc
This, af,d .tLat the Increased inquiry for real
oEta:c is the result. 1t il trna that 4 good deal
Of the t!alt fe ruE OF le"l eB?a:o during t. past
toa dn1s n, b. Q, ii, tho liquidation OF iado','cd-
moss, arl by foreclosure Of mortgages, but lhero
.laa also hctn n yory positive iEcrcaae IN tho
p,,lcllaf os Of property for tue sase Vt tho in-
vustlneut Ssyo. n! tracts of
BEHEEEAT AcnEA
l.avo been sold in tlo l's: fa'7, days, .,sono OF
ulic! VIC 1eEtiJn i'll auo.her Claco below, anil
ho.,,e Tor Nlic.l Tho tlan*actions lave not boen
eu.rcly rlusco up yet, ana tho PARTIES decline to
zyo III: Lefty to tic partculaly until thoy arc.
sa'ob II ncres west Of Contraf Parx, ~ tho
vicinity uf tho Northwestern car-sEopa, at Eng'c-
wut'd Ut Washington Heights, Cornell. South
Chicago. and other ncishborhoods south Of tho
which Indicate that IN each ot these localities
tAoto is gool speculative aud inyostmont de-
mand.
Among Tho most important sales by the aero, Or
II larl,o Tracts moao Within the past tSo TccKs,
wc note tho following:
II I.nIr,. W. u. kclEoo. d Co. noll 80 acres
iu Lie W 4 Of Section 80, Town 33, Range u,
being OIL Seycnty-tlfth street, ut tho juuclion Of
Co,,tre ayonue (M milo wcst Of 1Ia!scd street.,
f,- Mr.. George 1Ay:or. to Mcssrs. AshborneM
Gilmore. Of Pittsburgh. for SfS,oo0, one-tllrd
o!sti md balance III ono and two ,cars.
Eiyo acres corner Of fnn Dnrcn street and
Kefzie asen.o tor stcyons s,a ! o6 Goas to Mr. L.
FuurluEdrcd feet, went front. Oh CoNtral paik,
at tlo southeast co.ner Of Monroe street, for
s12,o10, Or at the raso Of $50 per trou! toot, IL
CUE
Five acres on Madison street, west OF Contral
Park aId east OF Crawford avonuo, for 922, ,530
Five acres on tho corner II Taylor street aud
WabhteIaw ayennc, for $500.
II. ". Fowler sold 80 acres, located just soutll-
cast OF Mount Forest for $4,000.
I'm Brown las purchased 81 screB in Sec. 6, 90.
II, near Dulton, paying $4,000.
Mead l. Coo suld 10 Ncres, located about one
milo west Of tho harbor at South Chicago; con
". Q. Cole sold tho BALANCE Of his soutl
EnSowood subdivision, corbistnsg Of 1G3 lots
25x1a5 feet each ia acEcsl; consideration
ss45.coo This property il tho choicest portion u
South Euglewood.
4 number Of lots hayo been HoId In the Iron,
Norko,t' Addition. South Chicago, ut fs4H0 AMI
ESQ per lat. Abu.4: $50 lots u this addition
have lcen sold since tue Ea,,,c.
1SCnEAhED DEMAND ron RESIDENCE LoT9.
Wo note two recent sales IT building lots in
quarter Of tho city which h:B oet II mch neg
lactcI for q yoar rnst. Ono lot, 30 fcct by 125
on tho wcat nido Ut Snuth lark aycnro, 10 iec
north Of Thirty third n!rcot, at Sl4o per iron
corner Of South lark avenue and Thisty.flftl
,trcct {Douglas pnco). Mt $.lJ Fer front foot
oae-Aalf cash. CoutiIe iug tint South par}
.yeuuc, south Of lListy tsrat atteos aud north q
,treas, thcso aro low prices. Tho improvement
}f oil tho property III that vicinity lsaH bool
,o,newhnt retarded by tho formor clou1 on t!'
;is!o Of tho u Dourns Ilnct" University Subai
7siun, Which extends from tho north sida U
rh,rty fifth street to tho south Hido of Thirty
third stroct, but the comparative cEeapncss .
t,crfcot, m seems 70 10 attracsing purchasers.
hicssts ". d. ke. foot Il Gu. rctntly mnlto q
important transaction in the talo Of the Bisllo
Court liotoi property, being 95 foot Of groail
on West Madison stroot, with tho 0yu-stor
hotel building, for tho sun OF 3t50.0C0.
N. La.lll Aula IL fec. oil LnonsiB strcot, be
tween Adatns aud Mou1oo streots consideration
et225 t'or foot.
II. i. Oowcy also sold 7s feot On I.oomi
street, between Atlalns md Monroe stroots, #
tic ia no price, VIZ: :cc225 per faot.
II. G. Lord foll 10 feet OIL lwonty-scyont
strcnt, hctwoon Arnold ana Wentworth avenues
consideration. Ej3,030.
", d. Kortoot Il Co. sold ono lot. 25x1G0 fee
corner Of Walsh and Nowbnrry As' oata; couside
alton, 81 500. Also, ono lot. e5xloo feet, on ts
south sido Of Golorllgo street, eaas OF Conlro ~
cnuu, for sl.lo1
JIurlo 4 Durlpyy Pnd 3-8tory and hnfonot