, 1874-08-09
REAL ESTATE.
o<t,e Market Decidedly Quiet
r.. Extension Of the Fire-Lfmits---0ur
Parks and Bou}eVards.
The Loan Market-Suburban
s Matters-Transfers for the
Week.

...1 estate market is decidedly quiet, and
1ne e.ar,nts to reyive It by fatulent putting can
=, render il more so. Like other branches OF
o. :..sa it must bide its time, and that an up
p1s : .nrn will come il Al certain as any busi-
sAu .s.nt in the future. When capital can no
ae's and a reasonable profit in dealing in the
f'pe~ 4, of the soil and in manufacturing in
l1oit Il Ia invested in real estate. Here tue
eas~ w., mkv not be 80 large, but judiclous in
.r.nts ID the We'll ity Of our cities, especially
crest commercial centres, have never
@ Ply " N yied fair and oftener = very large
W.. As to how real estate
F1'A" Rises AND FALLS.
-. find ! suggestive paragraph in the ban
rnnrisco Real Estafe Circular: 1t says:
,.en noticed that 1exl esate in al progressive
HGI.sn cities hAs, like the tide, It's sessons Of ebb
a. About five years elapse while tho change il
~ from the SEASON Of excitement to the ebbtido
d 'hich audcd In the rush and furore Of 1862
e IN la63 u knd the decline which began carly in
e. "a moi ceaka until tho summer or fall OF 1878. Tie
Lid tendency upward began aoout sep'emoer o.
a.{oeaed betwean August, 1877, and the summer Of
=: r riding the rule these mattels holts Is VIC
I'll hses TO- 1o;ao 'sct i 1oo s '2a. 1.t [e1 "a
sa M Il the samo time. aud that III them all the
.it begsn 1t the same time. Our real estate IL now
ns rp hu in the two cities named it Is stu either
eSas es17 ~ or uotn1 down. This, however. is due 10
a;tnr,auce Of their currency and the depression
I.,+5 hg attempts 10 get down from tho balloon OF
s..s.rr innstion to the terra drma OF specie 1ny~
..s But for these financial derangemeutt Chicago
~ YORK real estate, Ike that Of San Francisco,
ss1td ~ br this time have been going upward
TRADING.
n. .rtual sales OF property from week to
xsst are comparatively few but dealers report
.isrre amount Of trading going on al over the
~ Tho disposition to do 60 comes from those
~ h.re mortgaged property from which they
s.s;re IN be relieved. Such parties are ready to
~.@t.ng. valuable stores and residences for un-
;,cnmhared property, with little cash. when
;he7 cau get it, the purchaser assuming the in
.nmh,.oces, Saveral trades largely and mutually
hssSci.l, it is thought. have been made during
tn psat week
1pon tho
r,., ,ra NJ eou1se. being built mostly by owners
fm occupancy by themselves. i place Of ousi-
n.ss The first requisite, has been secured BY
tbets people, and now they are building perma-
uent BONES in the favor1te locality they occu-
r;ed before the great hre Of 1671-
Owners Of property on Wabash avenue In tho
recently
BURNT DISTRICT,
a.. c,.mor;pg to have tie horse-railway put
down o., that tnoroughfare. Que party offers to
buld ten stores 1t once If matters can be COM
nromised and the early completion Of the road
secu1cd. Others IRE waiting to zee what is likely
tcI IL he dops before they determine what kind of
improvements they will make, if indeed
they decide 10 build 1t all. Owners feel
fbst something decisive must soon be
done to revive business on this i'm
portsnt etreet. We mention these facts simply
Is items Of news, and not to take sides with
those who faror OF those who oppose the build
ias OF the road.
Gucb discussion Is going on with references to
sse trobablo affects Of the extension Of
THE FIRE-LTauTs
othe boundaries of the city. Holders of inside,
rspcupied real estate complain Of it as great
h,dship IS it must delay the demand for their
,.epety for long time to come. But all the
tue to demand the rigid enforcement
d this wise ordinance. II it drives
IL small rooden structures outside the
1T, xud leaves for time considerable space
rcoauped. 20 much the better. One thousand
people whose Taste or circumstances require
hsm to build pest OF fire traps. hare no right
nend.neer the millions of property in and near
Il csntr11 business portions OF the city. Have
ut OH two great fires Of TIA sufficiently i'm
fresed this principle upon iho minds Of all our
nt;2tus7 Let US therefore adhere firmly to our
seF fte ordnance If we wish to promote its per
e:nent welfare by giving far greater security to
b cty.
Our rARKs AND BouLEvARDs.
For the last three years mote than half of the
money Ut the command of our West and South
tide Park Commissioners-nott to speak OF the
rs. Of the lands-has been sunk out Of sight
t5der the surface. 1t had to be used in putting
iovu sewers,f lay1ng3 deep the foundations of
he boulevards, preparing the .ground1. and
otherwise doing preliminary work essential to
H.. ~. %n1- fSatv
na success OF tne COMPREHENSIVE plans tnes
~. a,' aoep,eu. ~ gaea' .sor "Jnuea hora
@s .h,a .n1 ~ e1 cconn1ish 50 ma, h;s season
tse rorl On the Eonth Side hec;ns to show to
ts;dedlr eood aiv,nt.oa Tha 'DT G,st of the
H oGt IT, bro,d hssnt,f tng 1.m s' hes % ie he
ssna' r4aa rarr .,,rsrt;re sn5 soon tho a-;rersCa
rnnrd tha sonth sile of IL vii la fn;ebed Tho
::ta Ista faJ fror, ia nu;an raI1 nj deftiv
~ .a r. "a q. troo w., 1fact 1a,,;
=. 1,n-e.,t -. ~ Vo-L for
..sa. ~ -d hn na'o seut ~ ro~ aat;s,,
P!IoNs ]" sHcA lhe grove a1'u na'e a!so
fs9ac'eu nsa H. 'o supp'y % aa!4 aHn ,,;
a.ak 'n1 faes "een, H. " re mo' t.aa mn no1
~ ssse,aoune tneto 1Sre 49,, Nv nn, @tHe ~
s-na ~ b.,.1ana 1a..aa" liz -. I1pr 1apra ~
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d5p.;s1 H. "a. "a paa ~ ~ ,,,,t ~; -,
h.b.as5 n"uae auu - ~ onta ~ " uau III 4;
rann1r ~. y. a nsT .I, af t, 1;+a ~ t.as. xrhn
nd ;hsr so ~ isad ~ ~. diacorraa ;nsn;r;nc
npt, fnnn, ,ba ha1ean. " atataJ soasons ~ y
n,. n; tha nrot,+a4n,no n"a.ai bo,favord vii,
ans.n,esn - ~ 5,,a''J;I ao1rera !. +ha adn;,,t;on
IN o. kpieloia uo~ets ID tpe ah GHaud
ns.sd tio,s 'ra wnle no.n rnat 1ur & :ue
tia III ~ ~ hoa.,+r'of fto
IN ~ r.. .ne "ennu aru 1us 49, :, ~
n .ms.t moesaaae st anu ~ oasu.uan'' ~ "ne" cr.n5