, 1873-01-26
4 Little hore Inquiry for Cheap Lots and
Suburban Lands.
Prospect Of Active Speculation in the
Northwestern Suburbs.
Improvements Around Douglas PARK
and the South Park,
Business Property---Mortgage Loans.
Building Societies --- Trans
fers for the Week.

fers tor the Week.
There appears to DO more inquiry, moro bar
gaining, and more persons congregatcd in tt
real estate dealers, Offices than week or tn,
ago. Tho continued pressure for money, how
eTcr, prevents the contamination Of goot
many transactions, and keeps the volume o
transfers very small yet. The scarcity of capita
which is unusual for this season Of the year
seems to be felt very largely by the very class a
capitalists who are generally the most "1ush >
OF money at this time from the re.
ceipts Of their semi-annual dividends and
interest. A large amount Of insur-
anco and bank stocks in New England
and New York State have not paid as well the
| probably had sone effect to make the class Of
capitalists who usually hare had suplus OF
profits to invest permanently in something like
real estate feel poorer this year. This, how
ever, applies mainly to Eastern capitalists, and
scarcely effects tho large class Of wealthy men
OF the Western aud Southern States, who are
continually investing portion of their annual
surplus profits in Chicago real estate. It seems
reasonable, therefore, that the expectation Of
| April will hot BIO disappointed.
| There is good inquiry for, and good many
! sales Of, medium class Of residence propertY
| at prices ranging from $50 to s100 per fronft
foot Much Of what is bought is for Immediate
building Of cottages and wooden dwellings out
side the fire 1imits next spring.
TIE HoRTHwE ESTEEM SUBURBS.
The construction Of tho Chicago l. Pacific
Railroad along Bloomingdale avenue and north
westward through Cazenovia has increased the
accessibility and value of 4 large tract OF land
lying south of the railroad, between tho Chicago
d Pacific and the Ga1ena Branch OF tho North
western: A great doal Of this property has
fhhanged fha H. bands 81 at large ADVANCES during
Milwaukee l. st. Paul Road also t1ayerses the
eastern part Of the district between tho two
roads, and adds largely to it's accessibility and
value, 90 that BY the construction Of these two
roads within the past year there is legitaEnite
reason for an advance in values. When the
actual improvement that will be made in TINT
quarter of the suburbs begins to show for itself
next summer, from the building OF the CREST
Central Park, to the building Of half-a-dozeu
new suburban stations this side the Desplaines
Rlver on the railroads shove mentioned, it will
probably start up active speculation in all tho
Harlem.
There is no epecinl actirity in any other quar-
tor Of the suburbs just at present, though in
every direction suburban land is held very firm,
and there are few localities in the vicinity Of the
city limits where land eau be bought as low as it
could last fall. This ie' specially tho case with
the property along tie principal residence
avenues south OF the :ity limits, and between
the South Park and the lake shore. Tho i'm
proyement OF the north end OF the South Park
In that vicinity, much Of which will be improved
with residences next spring.
ALONG OGDEN AVENUE,
vest of Douglas Park, there is already good
spring advances. The Bonrd Of Public Works
approved yesterday, q plan for the improve
ment Of this important thoronghfare which w;l
make it very attractive for residences. The ave-
ready macadanized, and in fine condition for
driving: On esch eide OF this is border 40 feet
wide, With two rows Of trees on each sido the
road. Outside the border ia to be d
concrete walk, feet wide, on each side tho
limits building Inc IS feet baek from @ the s straet
has been established, which will maize
a width Of 200 feet between tho fronts of the
houses on that part OF Ogden avenue 4 largo
numher-serera1 hundred-elm trees 10 and Il
the ground, and will be set out along Ogden !
avenue and throughout Lawndale subdivision. |
SUBURBAN LAND sw1SDLEs.
There alwayn will be foolish people who will |
knowing what they are getting N return, until |
they find out that they are swindled. THE /
TRIBUNE and some Of the other city papers havo
several times warned tho public against
a so-called boulevard Subdivision, !" located in !
q swamp seven or eight miles west Of Washing
spectacle but not very smart citizen Of Wayne
County, Ohio, came up to Chicago, and traded
his dwolhng-house with throe acres OF ground,
and also sawmi!l all in Wayne County, near
81 900, to swindling fellow here for twenty ut
terly worthless lots in the ''Doulevard Addi-
zion" above mentioned There nre, probably,
transactions Of this kind taking place all tic