, 1873-02-02
In Increasing Demand for I'LL Glasses Of
Residence Property.
Business Gravitating Toward
the Old Centres.
a Dull Feeling in Regard to Some Glasses
Of Residence Property.
4 Bankers Opinion Of Real Estate Specu.
1ati0ns-..Transfers for the
Week.


Week.
The most prominent feature Of the real estate
market is the demand for nearly all classes Of
residence property, both improved and unim-
| proved. There is quite IN active inquiry for
t1rHt-class residences costing from $4,000 to
$500 The fact is little remarkable, because,
in times when money is tight, as it hns been for
the last three months, this class Of property is
usually the hardest to sell. We can giye no ex-
PLANTATION Of it except that moneyed men (Which.
in Some instances, is known to be the case) look
for activity in trade and prosperous
times next spring, and think the present pressure
for money the best opportunity to take advan-
tage Of the necessities of owners Of such prop
ery- The demand Is equally good for residence
lots at prices ranging from $50 to $3.50 per front
foot. aud builders are beginning to inquire for
lots suitable for the erection Of blocks Of dwell
lnga TINT can bo sold at $4,000 to $4,000 for
each house and lot. The demand for residence
property extends to suburban lands. and the at-
tention Of spectators is directed mainly to acre
property. During the whole OF 1872
there WIS very little building of rosi-
dences Of nny class in Chicago; the
whole attention Of builders and contractors
was turned to the rebuilding Of the business
quarter OF tne Guy IN Inc meant'me' the Popu-
ih1'on OF tne CITY nas increased a. least 1o,ooo.
These fncts are sufficient reason fer the in
creased rents and the Increased demand for
dwellings.
II 10 d;rsc,,,t ~ III hra;,aea ,,rop4 oa,,4
- a4s.att ~ sn 3 ;tis taopo;ss nAsGp'
No+er;thstanJin1 tla cat o1onn+ ~ n.n;+ai +hat
aa haa a-rando1 r. dra a, -. Ia IN ,,a4r 1ae.
tiaa thore e an ovdent ten91encv IVY n Jm hn sness
~ a,n-;tat bant y tha o,d contras -
tr,6 hs. baa4 iocataj ~, 1fs5;ao
~ wasb;netnnt 80. tStraata - ~ seast 40 ~ ~ $.e
and m Woh6sh arenne ~ fnr sonth AZ Van R1,'
ra h,,+ vii, theae o1cant;ona ~ ,arn,,,ant ~
tha frn oood nnsnc IN ~ hns;r,eas bn;1d;noa Ia
have been built in other now ouartera. in tRe
La,,a or -sr;r- +rada ~ tha-,, o5J +L,,,,xh ~;
p1t uupJ % ;i1 ha!e tIe ~ ~ 1uT, n1G 1noue4 ss
seems no disposition On the part Of Of 1nerchants
~ nv +1'a axpar;,nant ,ow ~ f@A' - 4A'0A
There ;s pov - s1rn1na 1, of hnaness hn;17;pca
over the roonircments or Of trade 7 and this hainp
tho case. merchauta naturally couceut1ate in the
oli centres. leayinr nnmbers of nav hnildinra
in nav n,1nrtera wi3hout tonants
nAsKEn's OPINION.
IF a complete history of tba Accumulation of
wealth hy intliyidnaie in the Tinted States cond
be writtcn. It would uudoubtedly alov that more
men had grown rich by tho increase in value Of
stand;nr fh;s It in a fact that bankers peneraIlV
and aln6tha peenest claas of snecnlators tha Tncn
Who hanlle bonds anf n1orfcncea. WIN deal in
tha de;lvTnarke ara;nc1;,,-
Cd to 1onl< nnon I,hnt thov cs1 = rco1 snec
lation " wit, a fcelinc SLIGHTLY akin to contamnt
Il seems to theu foo eosv a Man of makin1
money. too easily conourehended by the dnllesf
intallects and. for thig yery reason. thew cannot
divest themselves OF the impression TINT there ia
e11elr11ion in Il that viii some dav be sud
dan1v IfsnaI1en nv a coII,,>aa