, 1873-10-27

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New york 81 ssssps t1 1,oo eS;
5:s5SS;siS S?;s;i;;; '5ssi SS5sSi ss;s ;ss
a comparison Of tho buBlncsg OF tho soven
weeks to Oct. IS with that Of thoBx mouthu from
Jan. to July !, shows tliat this fall tho volume
Of business each wook ia only about haIf AZ large
aa tho average weoky busti,oss In tho first hnlf
Of tho year. This, howovor, has boon tho oxpe-
rionco nearly ovory yoar: Tho groatost volume
OF real estate transaotions, % wo hayo fro
and April. Tho smaller volume Of buaiioss tbis
fall hnB, therefore, no connection with tho re-
cont financial panic, Tho average amount Of
confederation ,,t to zach trasfor noy
tic falling of in largo speculative
purchases of ncrcs, and the presont propouder-
nnce of smaller purchases for occupation as
It appears. therefore, that tho financial panic
has had much loss effect on salos and yalues Of
real estate than many people seem to think. T.
ts probable TINT tho unexpected stoppago Of the
ordinary supplies Of money have Distressed somo
real ostato speoulattors, as 1t Inns operators in
everything elso, but we lear Of scarcely On in
stanco ret whero property has boon offered for
my considerable reduction on tue prices do.
manded three months ngo. On the contrary,
or eight instances within tic last week. ynit
OF parties coming hero from tho East with suma
OF $4,000, $4,000, and oven $4,000, in
currency, prepared to buy and pay half or two
thlrda cash, II they could get,
Tho persons who came here with these viows
expected to find tint they could buy valuable
property Prep In Chicago for % or 80 por cout loss
tIa tn9n hax. naa boon PrpT9us hold A. bqt IS
aud tlat all tho property forced upon tho marked
y picked up very quickly at much less reduc-
tlou.
# boEina to appenr, now, that tho rocont panic
MORE GOOD rnAu HAHN.
because it ia demonstrating to the world that tho
trade annncca and real estato values Of this CITY
aro bascd on much FOUNDER foundation than
obvious gu; nelEhbortng cities haVo oyor been will
Ing to admit. It has demonstrated that tho
trade Of the city is tho legitimate interchange OF
tho products Of tho Northwest for the
Manufactured MANI Stos goods ot the East and thnt
fiat tho insnclal business ss q @' Chicago bIago
Is on goundor basia than that Of any other city
IN the United states, rs is p1oyon by tho fact
that tho banks Of this city aro the only ones Of
demand: This faot alone Is already bringing to to
the banks Of this city the vast -busness
Of tho manufacturing citios Manufacturers In
lRittaburgh, Philadslphla, aud Boston, viii aond
ias hspo asssd a9aooof of 70 on s. thG s Wen saee
Their The noxt move will be. to establish
Of goods hero. and, finally, to establish branch
manufactures horo. Thus, tie manner in which
Chicago hes gone through this panic will result
in bringing us moro money and more trade. which
Will necessarily result in a moro rapid increase
OF population. and the steady increase Of real
estate values.
THE NORTHWESTERN anops
Within month or two the Chicago & North.
Western Railroad Company will SGT 800 mechanics
to work in their new shops, in &c., 10, Just west
Of Central Park. Ihoro are not dwellings enough
near ,oh.!, thp new i sihopa yet to accommodato
and, during this winter, tho Company will run d
suburban train to the shops, 90 TINT the mon
can live IN tho city but NEXT spring this train
will bo discontinued, as it Is expected TINT the
now town around the shops will bo built fast
suburban homes.
AUCTION sALEs
. The only rcnl estate auctions Of the rnst week
havo beon those nude by Ellison, pomcroy Co.,
able amount of properly dispoHed Of. At tho
sale On Tuesday, ut Ridgelawn, formerly known
9s Canaeld, on the Chicago & Northwestern
MalIoaa thifty.one % lots we're sold at prices
amounting to eo,059.60. Tho attendance was
fair, and bidding good.
On Wednesday,, tho same firm mado their first
auction sale at tho auction-rooms,- 81 and sc
sold in r. ?. Blanchards various subdivisions
Lot Is, Block 4, sold at s10.50 per foot. Lot IL,
same block, sold at s19, this lot fronting on Chi
cago avonue. In Blanchard Brothors' subdivi-
sion Of Dlanchara's subdivision, 10 lots were sold
at from $3.50 to sS por foot. Two lots fronting
on Humboldt Park boulevard sold ut Sl9 and
3l1 per foot each. In Durham'a subdivision, 7
lots were sold at $40 per foot. 2 lots on West
Monroe street, near Central Park, sold for $485O
per foot
SUMMARY OF TRANSFERS. ron THE WEEK,
The following Is the total amount Of city and aubur-
ban property transferred during the week ending
Saturday, Oct. 25: City property-Number OF sales
10; consideration ss47, 49, North q city limits
city lim!ts-Number Of salcs IS; confederation SIlo-
G42 West of city nms-Number OF sales, 3; couBid-
GRAFTON, $,75o. Total sales, 1o0 Total consideration
S, OIL 1874.