, 1874-05-10


J. H. Ncvickar. Alt 120
F:.1es F:nes Az:5:s:::::: 5sn;:n,n - -: 2'e e
G. Follznsbeo. 49,. G0o
TIE LOAN rARKET.
As VAS shown yesterday in The TRIBUNE, in
the elaborate article reviewing the condition of
the business Of Chicago in al departments,
there ia more money Offering on good real es-
cages has been greatly oyerstatod, and the d:si-
cuities OF obtaining 1oans misrepresented. The
amount of indebtedness On city aud suburban
property is from SEQ, 600 coo to $50, 100000. Az
one dealer has expressed it, there is 81 worth OF
property for every 81 Of mortgage. There is
property on which capitalists are unwilling to
advance money. Such is that On Wabash ayonue
south OF Van Bu1on. aud such is large part OF
the unimproved suburban property, but no one
with improved inside property not already mort
gagged up to tho margin that lenders reserve, eau
have any difficulty in getting money At reason
able rates. 1t il the exception and not the rule
that Chicago mortgagers cannot meet their liz
bilitics. They owe great deal Of money, but
it is not lost It is in their stores
or their stocks, and iB earning more than tho
interest Eastern capitalists have been attracted
here in the hope Of taking advantage Of what
seemed to be pressure, but Chicago people do
not give them the advantages they seek. Our
business men and landowners have the most
perfect confidence in the future OF this city, and
are determined to hold their own. The best
rroof of this is the fact that no property is put
up for salo at sacrifice. II the prices
wanted cannot be obtained, holders will wait till
they can be. The interest on mortgages is
promptly paid, better paid than ninety days ago.
There are few applications 10. lo.ns. The sup
ply Ut money is ample. The rates Of interest
nre as favorable as ever, namely, u per cent for
small loana, and per cent for large loans.
AUCTION SALE.
Ellison, Pomeroy i Co. will sell at auction
tomorrow fifteen acres. nearly 100 lots,
on Pavilion Parkway, III tic nci3hborhood Of
Fifty~sxth street. Wallace street, Borkley street..
and Stewart avenue. These lots lie 9 fer blocks
west Of the South PARK ana north Of EDglewood.
THE c.. D.. D.Ay.R.n-
During the week meetings OF the Directors OF
the Chicago, Danvlle l. E1ncenDes Railroad have
boen held IN New York. and all the arrangements
completed for the assignment Of its interests III
the Thornton branch to the Chicago Southern.
The pronerty-holders along this line have been
thoroughly canyassed, and transferred tneit sub
ecriptions Of laud and money to the new Compa-
ny. Toe contracts for the building OF the road
are said to have been awarded. although the in
formation on this poiat wa not definite.
NO VEHICLES IN UNION PARK-
A suggestion has been made during the
past week regarding the futu:e use Of Union
Park which seems e1inontty seasibla. It is
that hereafter the Park should be closed to the
passage OF Ill vehicles ano glvea over entirely to
tho uss Of pedestrians Tho absurdity OF hay
ing driveway througa park OF the limited
size OF Union Park is apparent In fact, it
must oresate to its disadvantage as resort IN
any Bonse for, while it makes it dlsagrocable to
those on foot and dangerous to children play
ing about 1t is not sufficiently attractive OF am-
any numbers.
Is the larger parks arc coming into use for
dr1voways, it would be better if all the smaller
places wee hereafter kept simply for play
grounds and resorts for families LIVING
in tie naighborhood. In this case. they
Ia IA Y&1 f+YAe CT IL
dren could run about without danger. There
are number Of such PARKS or squares IN Ne"
York City, and upon q summers daY they ale
thzonged WITH visitors. 1t Is understood that
petition will be circulated emong tho residents IN
tue neighbofhood OF Uuion Park aEking the
Common Council to exclude vehicles from that
pleasure ground.
NORTH SHORE BOATING RAIN.
The projected improvements along the north
shore, which are to be undertaken BY she Lln-
coin Park Commissioners, IRE now fairly under
way. It WIS decided some weeks ago to build
= breakwater extending from Diversy street to
North avenue, being mile aud + half IN length,
and running parallel at d distance OF zoo foeS
from the shore line. This will answer the double
purpose OF protecting the driveway from tae
action Of the waEos, and Will also furnish an
area Of etill water for the use OF pleaRure-ooats
S4nco the basin has been filed, there has been
no available place about the city where tlls
amusement could ba indn]Ged III with safety.
The action Of The Commissioners VIII no doubt
meet with general appreciation, and prove
benefit to that portion OF the city. Bids for The
work. Of which a number have been received,
rary in prace from $3.50 to S13 per running foot
THE NEW opERA-HoUsE-
A1r. Tiliay mas the plans for tue ne" opora-
house nearly completed. Taera have beoa =
great many visitors at his rooms during the week.
70 view tue paper aspect OF tue building Ground
vas broken on Friday. and large force OF work
men aro at work excavatiug for tho Foundation
Az this ia the moss pictentlous enterprise OF the
wear in this direction, it is exciting much atsen-
ton.
HYDE PARK
It is proposed to wi1en EGand1le avenue, from
Forty-se.enth street to Clinton avenue, to "
feet. Its width il now &C feet. The improve
ment ID to be made by the mutual concessions Of
property -owuerY OH the street.
NORTH CLARK STREET. ..
The procerty-hoders along North Clark street
have resolved to pave that thorougnfafe, from
Sue bridge to Caiclgo avenue. The contract has
been awarded to Mr. Aackin.
TRANSFERS.
The following instruments were filed for rec
ord On Saturday, May .:
CIT PROPERTY.