, 1873-08-17
Investments in Real Estate and the
Fluctuations Of Prices,
Causes Of Tho Present Quictudc in
tho Market,
Cessation Of Auction Sales and Pros.
poets Of Activity Next Spring.
The North Shore Driyc---Ln1rc
View Items, Etc.
Transfers for tho Week,


Tho fashion of sayine something oncc n woo,,
abont tna mi n.tat "e,s ~ wv" u "ooA
inro,aion @ sdt , 'ss"su o.eon aaos sho
~ mploo74on WIN ao"a &nas 1hoee aso auctuationa
erroneous in eomo roapoctg. 10 auct,,ato
means 1nth to rim nnd fri 1,,u for for tho oat
tan voora to ,novo,ot -, ,,r;',,, -; 49,, u.as
3o' ~ luo'oinen* Vi pi4eoS o. teal ostoto
al cnlcaeo mas ooon only to riBo Tho only OK
ceptionB to tho rule in that time woro tho tenn
porary depreciation Of roa1 estate in tho burnt
dietrtot In conpoono,,o ~ 49, 5ou..,,o.;a. - 49,.
b,,dnoa mi t'a ~. ~ 4l1o uosttussloa u .ao
md business md acain tho Gonran;ati"np -, 10
value Of property Immediately surrounding the
burnt district when business grayitatod back to
it's old localities, Tloao aro tho onlv INSTANCES
of n fall IN ,1,o ,,r;,o. - w., l., r,,,a.
=: - 'A, ~, pa.eo7 -, "a 1ee4 os'Ato ~ ol"cAeo
III 'el' yeats' WIN thoae exceptions, the move"
mont OF pricos 10 all parts of tho city has boon
upward. In this aenso Of tho word, prieos Of
roal esteto cannot DO paid to 1uctuato oxcopt
whom periods Of ton or ffteon. voara are takan
into confederation. 1t requires somc great oyent
to cause decline In values and pricos Of roal
ostato Tho only eyonts Of tho Inst twouty VI ars
Tint hnvn cauuol onv 1oo,i,o In tho vo1ro
of nhicaoo roa1 os+a,o ,rasa 49, ,1a ~
saso 'oa4 oo1"'o "o1o' VIZ eol1inoto!a
great fire. Tho first WAS general collapse OF
commercial credit which Obliged people To turn
thor nror,ortv i,+o r,,onar, ~, oa1soa,,oo.,-
sasaoa !. ...,a.', .'so A,o5' "u1 o.aool1onsis
torceo ~ upon tho marRot 10 tho highest bidder.
Tho second Threatened tho existence OF tho Gov
ernmout and destroyed confidence In tho value
of everything hut nortnh1o 1ronortv Mn .1,i~d
Beomoi to thronton tho oziatonco of tho i oitr
,,a',. Aao ns. aau 'nila ol thoao GVen1s tno
saMu vaaaeo anu PRICES OF properly began 70
roou'os ro.r ,roa, III H., 1eW moItns' I,I' .s nna IN
w. yeni lnl llo1u u, tao t1no "4on lney Moto
they M woro before tho oyontS: Tho recovery from
.l t.i1 m = tnuouu W Lo MAI Mas hio"er,
1;a bnx o. soon as n9c9mo apparent that tho rc:
neat W, ~ Wou p14u"9s w. huuooeu pIces ~
a ss'," r. ~ aeo auu ~ ono yoar aiee1
r.s n na nint' o r ~, p1upotx5 & mG1G psoua
thot ovon annh 1reot o.,on+a M .hor w." w
n,.s oa,,a,I noi;,'na ~ T.; ~ .
nr;oos ~ rasi aaoto pr;nas +harntor s"'eo ua
! kn aa;i To- fnctmote a~cant IN ion% a1 no*
rioda ~ vaara ,,,,ci o,nhrocn to"e .,i"1, TX,
Tont ovants A. ,nn@ MIs =. 1oFeco ta co,trs suc y
| 9enorallv nroanoroua thoro viii In
en nccnm,1nt;nn ~ woajtb frn,n ~. .'rnnto ~
pusiuosg which must find inyestnont IN roni a.
tnto a. Tho ultimate and baat nttainah,c aacmrtv
! itn vaiuo hn;nn morc ncr1manont than ono+1iSy,,
oiae from wlich n rovan,o cnn IN t1orive1: ?Ino
volume OF such capital geoEine jnyestmont in
real estate, Of course, vares at different periods
of tho yoar md IN tho oroator or osg activity of
tho den1and for auch Investment in tho onlv f,,r
tuation iu connection with sales. Pricen remain
tho samo, hut at some Seasons Of the
war tI,nro IL rnoro' and nj othcrs 1csa
demand, Tho mosk active eeagon IL always
in tle early snrinr. tia heinr ia
soonest ayailaGio tint, for purohases. nftor tho
ecnural Bottlinc IN Of businoeH and the intoront
and diyidond t1isburaen,onts in Januarv' Iho
rest Of tho wear le always comparatiyofv nnjot
excopt in the gale Of lots to laborinp man who IL
the fall usually inyost nnrtion ~ the;r aim
mor's oar1,inpa in lot far n home.
rnr N.nTFT'
There have been no spocial feat,1ros in CON-
nectfon with saleB this wao}. There ia a moli-
erato volume of both loc1timato and spacmlatiya
buying, such as might 10 expected At
oxpocted TINT there will be much Bpecn]ntiyo
buying Just at prosent It Is woll undorstood
that, This yoar moro than othors capitalists havo
been tlispogod to keep t[oir money ;yoll in hand
| iu somo ready. available shape until We shall
havo passed. the usual season Of money strip
gency In November and December. But 1t is
| evident to tho moat superAoial observer Tint tho
| prospects for q prosperous year in the Wost,
and consequently In Chicago, woro mover better