, 1874-07-05
Dull Condition Of the Loan Market for
Juno.
The Rcnl Estate Exchange and
tho Stockholders.
What tho Baltimore & Ohio Road May
Do.
Western Avenue ..- Transfers ass MiBcel.
10nc0us.

torizo the MARKET for there Ia temporarily no
market to sponk Of. noal catato eau claim no
immunity from tho dullness that comes to othor
departments Of business, and Ia now oonfesaedlY
pasaing through period of inactivity. Real ea-
tato Is essentially ono Of the secondary depart
u1ents OF business aotivity. not in the sonso that
it Ia OF secondary importance, but that lts
movements aud its prosperity, or the. .re7erao. dc"
pend upon tho results Of other business. 1t ID an
AXIOM OF HEAL ESTATE POLITICAL ECONOMY
Tint lnndod property IL the last to rise and tho
1aat 10 fall. It always follows whom trade has
becn brisk aud commercial ventures have boon
successful. Investments in real estate are made
Oh receptacle for tho profits. Whom depression
follows speculation, real estato rosisls tho de-
cliuo more successfully than less stable COM
molities. For long time vulueA generally hnvo
bcon shrinking. Labor has fa1len in somo casos
moro than 30 por cont dry goods hare fallen,
Iron and hardware. clothing, groceries, oomn,odi-
lies gouaraIly, hive followed arc following the
san,e course. Neal estuto cannot expect to be
En- exception, Moreover, 1t Ia to be remarked
TINT when all values dacne there 10 not 30 much
chau "a OF values as ohange Of prices. The
chaugo Ia
RELATIVE NOT ABSOLUTE.
When tho prices Of real estpts will begin an
upward movement depeudB on several circum-
Btauocs. II tue farmers have good crops, and
the resultant fall business neotH the expectations
That arc now entertained, and CongreKa does
nothing next winter to derango the cnrrehey and
upEet Ill business caleuiations there will beyond
a doubt bo prosperous ti1nos IN reM ussata III tAa
spring.
Whether speculative bouyanoy rco,rs SO soon
Or not. tho real value Of Chicago landed property
Is steadily On the incroaBe. Speculation fiuctu-
nsoB, but vhlld the city grows real estate values
muBt grow. Within the active manhood OF por-
aouA low living this city has Increased from one
sa a. asos log hs Z 4 1T sP P s
Grant, the intelligent author Of history Of
English journalism, and for many years the
editor Of tho London Morninq Chronicle, assorts
the marvellous development Of Chicago to ba
DUE TO TIE DIVORCE TRAFFIC..
which attracts people luther from all tho States.
There arc QUO or t"o otler tritiug forcea at
work, like tho Northwestern grain trade, md
tho concentration Of railroad traffic. Which, with
nfr. Grants divorce business, will 60 on build
Ing up the city III tie future % in tho paat Tie
mighty agenclos that lave gathered here
population Of bali million and . trade Of hum
arfcsted, mud willie they continue in operation
they build up real estate.
During this wcok there has been marked In
crease in tue number Of inquiries, and although
lit in the VIZ Of actual tfatEfoiH hae lesulted
hre given aoine Of tho moHt
1MroATANT BALES OF THE WEEK.
A. Loeb Bro. have aold l0D feet In Sophia
street, near Lincoln avonuo for 81, 600; al.o, 30
feot on North Dearborn street, uoar Schiller,
ut S20U per foot.
Lnglo i Darlow Aavo sold three lots, with
house, m om Aepecca street, near Ashland avenue,
otiuger l. Ballard have sold threa lots. 721110
feet, Oh the cornor of Van yuren and uonoro
stroets, at tloo per foot.
Tue agents Of the Newhcrry estata have sold
tho N. L. Il 23, 8, Is, 160 aoics, ut $4,000 per
0. L. Atwood has so1d eix acres in Atuood's
Subdivision. 23 81, IS, OF 500 per aero.
Gampbol' Broe. have sold one lot on Camp
bell Park tor 1000, and two lots on Vau Buren
atreet. near Congress Park, ut u 800 each.
chacc : Aboll nave sold the ". Il OF i. ". 4
eoc, 50, 81: "A, 80 acres. at $3.50 par acre.
George II. No2et hls sold 1U0 feet, cast 'front.'
on Drexal boulevard, southwest coruer Of Flf-
tieth htroet. S250U0; 30 feet, aaat front, On
Dro1el boulevard, near Ffty.f frat street. 1000;
1I4x126 tcot, west front, ou northeast corner Of
Gharles ayonue and Forty,hfth street. ,Sl1 500;
l5dx1sG feet, south trout, northwest coruer
Champ ain avenue and Forty-.ilth street, s15.-
TOO; trinngnlnr piece Of ground IN southwest
corner Of North avonue and Noble street. sio,ooo.
with improvements. ss0oO6; also, part Of Lots
4 md 8. same block. to same, &dU.000.
M Asa D: neea las ao!a 1'o25 gao teet on Con-
nuos. and eos feet Opposite. for 81l0U00
William r. Ball has sold On Illinois Btseot
northwest corner Of Market, 7611dJ, for e10U00
Il. t. Chase has sold G0xl68 feat on iutliaua
Torr neS;ao' L WoIo, +, ~ a.. an,d ~ t5I 11o'
corner oaav and Wess po1 sreets np tor tres q lo1n 1o
tae, a|sa Er lnts IN nasaI} atrnot ,,.r,i, ~
rLirty.thtrd strsot for s700 each, 10''O -
Cuiyer Il Joi,nson hnva sn,I Ints IN md II
Block 4,of ther addition to Goncoe. for IL 81 od' mt
Hlclard Edwards ian sold 1soxl40E feat. cor.
uer Ashiaud ayeuuo p and Con.resn stree}. i for for
5000. 'A"' N'''s'' 1o'
IT. M. pavna has ao,d 1,}oc1t A parna,. a,d,
ton to Eysston frtoa 1ots T. mr. ~ nt, ~
". j. Hardin sid Gcorra " i,outo,, NJ or,,S' ~
yijio. st0. .400 !: aiso Iva 1ots tn William f:roynr
for ii. cod. S@"''
Franklln p. pwver r,as sold IN T,s]zo atroot
uaar rark ulaco a1x16tl with gJs1t11 On 'o IaEoo
stroot in eane aliltlon. sao. 00D ''''O
i, Smith and j, Esstu,an have sold 72x17o
Etate and rhirtoentl straets. ssg 0ff,. Alao twn
lois. Bec. g. Sg, ID for slS56o, ~'''' WV
Keoney i HinI have snjj in THAR Afh]itton tn
Eyaua.oi1. f,uta Il md IA I,iocE A. for sIG nm
Paul Cornell has sold Lots to 90. Dlneh 70.
Cornell. for sl5.0O0,
4. ". Mi.cLo]l Ina ao,a IN faot cornor Win.
s,nafnr awa",n ~; 3.n tae. ~ .oo' ~ Iii oan ~