, 1873-05-11
Recent Sales Of : Residences
= and Lands. :.:::.
The Baltimore & Ohio Railroad and the
South Parks. +: =. -:
1nacccssibility Of tho South Shore
- Park. ..:: :.
Transfers for the Week..


the effect Of the: dismal weather and muddy
roads, which have prevented people from
getting out to the subu1ba to look at TINT class
OF property With better roads and fairer skies
the prospect will undoubtedly improve. Ihe
volume Of recorded transfers last week amount.
ed to nearly So, 600, ,0c0, and shows tho great &C.
tiyity which prevailed three or four weeks ago.
as it takes at least that long to. examine
&it1es and arrange the details Of tho transfers.
It ia probable TINT month hence the volume OF
recorded will show marked decrease as the re-
suit Of the present decrease Of business. These
temporary fluctuations in the volume Of bust
uees from week to week and month to month are
not Of very great Importance as connected with
tho value Of real estate, comparing one gear with
another, when it is remembered that Chicago
and the West are continually experiencing an =.
-: rgFLUx OF MEN AND MONEY:
On the 4th inst. the steamer Egypt arrived in
New York from Liverpool with ffty-seyen cabin:
aud 1,64S storage passengers total, !, 1,7o5-the
largest load OF human beings ever brought in q
rinele vessel to the United States. The tide OF
immigration now equals that OF any previous
year, and, from all accounts from the other aide
the ocean, the influx this summer bids fair
to exceed any previous season: There arrived
ct the port Of New York X d44 during TIE quarter
whom IS ,149 wero males, and s,996 females:
These i'm migrants came from 46 different coun-
tries, and Represented some 203 occupations. The
principal countries from which they arrived we're
IS follows: England, 5,375; Scotland, e90; ar;
Italy, I625; Sweden and Norway, 3o2 !; Dem
mark, 352; Switzerland, 513; Holland, 476;
Belgium, 2l9 Poland, 446 Hungary, 181 Aus
t1ia, 12o; Russia, 1oa. 1.-THE great majority Of
Tor ths wsst " ii search Of Cheap homes and for:
tile lauds."- From other statistics, wo know
khat, of those who come vest at NIL the majority
settle in Illinois, Iowa, Minnesota, Nebraska,
:5s I'D hasa s5ps Stste' Hs4s fsS Tseh ohe sasea
csuse for q confinuance OF the growth
Of wealth and population in this city equal to,
OF even in excess Of, past years, and NTH the n
crease Of these the general increase in the value
The increase viii, Of course, not be equal in all
parts Of the city, It never is. Speculation takes
bold OF this neighboIhood or that, and prices
are run up above 8 legitimate range. Then the
erzl rise overtakes them, and frequently, il they
are obliged to sell in the meantime, must maize
some considerable reduction in their price. But
there is probably not an acre nor a foot OF land
in or. shout the city which viii not seli Tor
enough fi7e years hence to pay a large profit on
the Investment.
On almost all the principal thoroughfares are in
Hsmand. In the general determination Of prop
:arty-owners to rebuild in style worthy Of
the future Of the city it is not an natured crlti-
cism to say that we have too many "paatlA
stores" with &c., 40, or 50 feet OF plate-glass
'front.'. nnd not enough compact shops OF l6 to
90 feet frontage at rentals proporionate to their
confined to streets like Twenty second and West
Madison, but is even greater in the neNly-built
streets in the business centre OF the city, w1ero
rentals TO correspond to the location would be
t.s- Fnr fnr+ CHI pfaf, Al
rents could not be obtained for the - palatlal
stores" -
There is, however, great demand for shops
n I'll the secondary centres OF trade, such as the
and Halsted, Lake street west of Union Park,
Tweuty-second and Wabash, Douglas place and
Cottage Grove, etc., etc. New clusters Of shops
are also being formed in various parts OF the
city, causing great increase in the value OF the
1ul extent. It is only four or five years since
the man who built the block OF shops On the
northeast corner Of Michigan avenue and Twen-
fy-seoond street was laughed at for what "as
called his folly; but the street hes become,
Great thorouehfare. and his buildings have paid
from Is to 20 per cent per annum On his invest
1nent..
But on the other hand Ne find that in some
neighborhoods there hns been q very large re-
duction in the rents Of small stores and shops,
resulting from the gravitation OF certain classes
of business back to the centre Of the city, from
which they we're driven BY the ire This Is the
case With all those on Wabash avenue, between
parts Of West Randolph and Washington streets
east Of Ha1sted, and on Cana, between Randolph
and Madison. We hear Of one store on West
Randolph street, between Canal and Clinton,
which last year rented for 81 500 per annu1n,
which is now empty and offered Tor S6uo-a Qo-
cline Of 60 per cent.
BALES OF RESIDENCES. -.
Notwithstanding the large demand for dwell
ingB to rent, ne do not find that there are many
sales OF any class Of residences. Those who are
generally buy lots and build for themselves.
The class that occupy better houses, costing
from 600 10 sl0, 900 each, are using their cap
ttal IN trade, and, as rule, prefer to rent. The
ownership OF such houses ie, therefore, left
mainly to salaried and professional men in all
cities, though, perhaps, less SO in this than in
others. Wealthy bankers, merchants, and capl-
tali5ts Of course own their houses, but this ls
1imtsd class in any city. and the majority prefer
building to suit their own ideas OF taste and
Mr. L. J. Averell recently sold one Of the mar
ble-front three-story residences on the east slde
ct Michigan avenue, north of the Burlington
crossing, Tor $4,000.
The thirty-fve feet, east 'front.' on Calumet
a7enue, Whick we mentioned last week as hay
ing been sold to Mr. ". H. Mitchell, OF Alton,
to be occupied with $50, 900 residence for him,
Is Just south OF Twentieth street, and not south
q 1IWenty-second7 as the types maoe us say-
J. g. MeCord d Co. have recently sold two
two-story and basement marble swell n-fronts, On
Langley avenue, near Ellis Park, located on lots
21xl20 feet, for S12, 600 each. There are eleven
rooms in each dwelling, supplied with hot and
cold water, marble mantels, and all the modern
conveniences..
The same parties are perfecting plans for ten
more similar dwellings, in the same locality on
the corner Of ty-aighth street and Vlncennes
avenue. -
Five two-sto1y and basement nnnrble-front
dwellings, are being erected on the corner OF
Langley and Thirty -ei9hth streets.
Plans are prepared for three two story and
basement marble fronts On the northeast corner
Of Ellis Park.
4 large hall for the use Of the "Landmark
Masonic Lodge" with stores underneath, VII
vety probably be built soon on the corner oi
Mapanseh and Cottage Grove avenues by Geo:
Y. Hoffman. -.
j. a. Hubbard will erect Immediately eix Two
story and basement octaEon brick fronts on Vim
eenneA avenue, just north Of Egan avenne. ,':;
Mr. +. B. Girdner sold to Jacob Beidler t"o-
story brick, Mansard roof, and stone basement,
with lot fronting 1975% feet on 6angamon street,