, 1873-02-10

The demand for residence properly is still the
most favorable foattro Of tic real estate mar
Aet, md. notwithstanding tle scarcity Of money,
there appears to bo plenty Of Ecopio who can get
tito buy any piece Of available veoiNenco prop-
erty that Is offered as worry lttlo concession On
the highest prices that have ever been aaked.
There arg, however, but few holders who are
willing to make suy concessions at aii, and, on
tho whole, tho prices demanded now arc higher
than four months ago. With business property
it is ditreront, and for tho psoaent thore is not
much doing, though We hear OF negotiations
pending for several valuable pieces OF first.
class businoBs ground, Tho present tendency OF
BUSINESS nESTa
ie in all, except few localities, uufavornbla to
the Halo of buBinoss ground, IN some quarters
thoro has beon large reduction in tho rents de-
nandod for business buildings in the last oix
montlu. 6olno Of the new stores on Wabash
avenne, north Of Harri.on street, nrc now Offer
ed for lecs thnn two~thiTda what was demanded
and received for similar ones in tho sa1ne neigll-
borllood last spring. On tho whole, tho rctlrc-
sion in rents Of Wabash ayenue storos IN at loaat
40 per cent from tie prices Of six or seven
months ago. On Stale atroot, aud OIL Washing
ton and Matliuon streets woat Of State, ronts
have been fully sustained, and On Madison have
avon incrcaued iu aome instauces. On Lnke
street, between Slate and Lasal1e, rents are just
about what thoy were before tho re, audare pretty
well sustained. The concentration OF threo ill.,
portant banks at tie junction OF Washington
and Dearborn utrcets, md six more ut tho juno
tion Of Washington and l.aSalle, shows that the
character Of Washington ssreet IL settled. Whom
The Cook County National moves into ita new
Office northwest corner OF Washington and Dehr-
born, the Dank Of Montreal moves into the
northwest corner Of Washington and Lusn'!e,
and the Fourth National into the northcast col-
nor Of Washington aud Clark, thore viii be
ington street in tho Distance OF four blocks from
Fifth avenue 10 State street, These fifteen COLI
germs hold IN tho aggregate over $4,000, 600 Of
deposits, and do over two-thlrfs Of tho aetiyb
commercial banking busi1.euH OF the city.
THE rNoposED NEW city IN SECTION 10.
The Chicago l. Northwestern Rai!roaa Com
pany have at last completed and fully-an-
nounced plans for the location aud erection
10, just weyt Of Central Park. The Northwest
orn Company owne 240 acren OF land in tle north
half OF Section TO- tile whole of which will bo
CURED for tho shops, nluo structuross
n a!l, ~ snd n necessary !I yard room aud
about ,o0o moohanics will have permanent oeau-
The oolnpany's engines and cars.
Tho linoa OF tho Chicago l. Northwestern Cout-
pany have been 10 ellorlaolsly extended during
tho last thraa years that this concentration o{
shops becamo an absolute necessity iu order TO
bring the work nn1or q syateznatio .nauage-
ment A single instance OF tho increase
Shown in IL tsot ta tnas aasins Sss ths ~
last year, they have bought ii now engines,
After the ereetion OF tho new ehops they will
CONSTRUCT IT, thur own onslnes and cars Of all
Of the establishment Of 80 extensive IL 1.-Two OF
manufacturing industry con hardly be estimated,
as we know Of no similar instance Of tue plant