, 1874-05-31
REAL ESTATE.
The Baltimore & Ohio, and
Property South Of
Chicago.
Han Of the Route BetTeen South
Chicago and the City.
Effect of the New Road on
Chicago Business and
Real Estate.
qba Sales Of the Week, Auctions,
and Trades.
The Real-Estate Market in New
York aud San Francisco.
rnnortaut Auction-Sale This
Week.
qba Sales Of the Week, Auctions,
and Trades.
rba pca}.Estate Market in New
york aud San Francisco.


rrF8A1T1MoRE g. OHIO RAILROAD.
Tha event of the week in real eRtate, as in
,,;,noad and other business circles. has been the
.or,nletiou ct the negotiations OF tho Baltimore
tt,hjo Railroad for the right Of way into this
,,r II has been known for a long time that
th,t cornoration had decided to extend it's limo
eastward to Chicago, md make this city tho
t.rmioal and transfer point .: it's Western Di-
,;sion, With due regard for tho interests Of
III. road, its managers kept the exact route and
The other particulars OF their plans to them
,r,ves. Like Commodore Vanderbilt, they told
noDod, what they vero going to do until they
hsi done it. Their purchase OF the right OF
rar and OF the land needed for their shops,
--thown in our map aboge,-were conducted
Nth q successful secrecy. and the announce
uent this morning, will be neWs to all our readers
rho hare not been fortunate enough to belong
10 tue few whose property the railroad has
bought.
In the diagram above We present our readers
nth an accurate map Of the route over which
he road will approach the city. The map takes
IN the district bounded by Lake Michigan, the
md the Grand Crossing. The road, following
lts course along the lake, which it first touches
u Pins Station, crosses the Calumet River, as
Indicated, parallel with the Michigan Southern:
Its way through South Chicago is on Railroad
syenue, and after leaving that town it curves to
Tho left and makes for the illinois Central track,
which it taps north OF Parkaide station. Thence
the city its course is over tha Illinois Central
The large pa1allelogram Of land lying on the
night OF the track on each side Of the northern
boundary of South Chicago, is to b the nite Of
Tie yards and shops described below.
The new division OF the Baltimore Ohio
nsilrond,
CALLED THE CHICAGO DTv1BIoN,
a$S-+A S1
part OF {ar-sighted policy which has for ite
lin poshipg less magnificent than the control OF
the Western grain trade, prize for which Bos-
ton is competing with it's Hoosac tunnal, Phila-
dolphin with her Wanted American line OF iron
steamships. aud for which Now York alone is not
competing. That city is now in sleepy possess
s;op OF this great trade, apparently nndisturbed
in the confidence that what has been hers
always will be, and that she need provide mona
Of the storage or transfer Accomn odntlonB that
II, volume and rapid movement of modern trade
demand In New York the old-fashloned barges
,nd draw that made the fortunes Of the last gen
Grafton OF her merchant princes, arc still IN use
TIT elevators and store-houses that every enter
leeds, are not to be found. The great metropo-
lis has no elevators, no decent docks, no ade-
uuste transfer accommodations.
b. The Baltimore l. Ohio Railroad the dis
taneo .....-
FROM CHICAGO 70 THE sEABoARp
Il 7g0 miles. by the Pennsy1vania Central to
Ker York it is $40; and by the New York Cen
tral it il 945 miles. This route for through trat-
TO clains other advantages than saving IN
distances. By the LIST Of July the Baltimore and
Ohio Railroad Company will have in operation
il Baltimore An elevator with capacity OF
l,5oo, 600 bushels. This. in addition to the ele-
rator alteady in operation there, will give Balti-
moro greater facilities for tho storage and
shipment Of grain than any other seaport on the
Atlantic coast. To accommodate the new COM
merce the harbor has been deepened to twenty
Ex feet up to the elevator, giving access to the
largest steamers Thers has been great ill.,
crease in the foreign business Of Baltimore in
he Lat two yea1s. AZ is shown bv the records Of
shipueuts for that time.
The policy Of
CHEAP FHE1au1s,
vhlch is promised by the Company, will give
great impetus to the business both Of Chicago
The apparent delay in supplying the iron and
rosd has been pieco of economy which has
ssred the Company, owing to the decline in
Labor and materials. no less than 1000 mile
oa ths original estimates. The Company has
paid cash Tor everything it has used in the con-
ssucdon Of the line, and has thereby added an
other cheapness which will be shared by the
tx6c it ca11iea.
Ihs Chicago connection Of the Baltimore i
oh'o Railroad Was first formed In 1870. In four
yesrs its business With Chicago has grown from
IN sya1tge Of three cars day
TO OVER 200 CARS DAT
during the past winter. This amount could
bars bsen largely increased had the connections
u the road given adequate facilities. At present
LILLE l1tdc With Chicago il done On three roads
.ae Panhandle route from Columbus; the
aicaigan Southern from Monroeville, in Ohio;
aad the ksnkakes Line from Cincinnati Under
lhess circumstances. anything like satisfactory
organization Of the business was impossible:
Different lines, with different derots, different
ans-tabes, and different arrangem ents generally,
oloks it up hopelesaly. Now that the con-
seo'enee Of dval Companies will no longer have
be consulted first, there will be very differ
eas state Of Affairs.
!, CHICAGO Is THE WESTERN TERMINUS
q Tue road Business still further west will b
sane by connections. The transfer-Yard foT
nneisat going further West, and for the recep-.
On he cansnn .o .ne "ess ~. ~ The cifv
1aa oaa On ths northern line Of the Town OF South
lineage: Tho policy of the Company in thus
!: t1cn8 its yards is wise one. AL the railroads
s @sl3s Yards in the city are cramped BY tho
.sa nanl area they control When business IS dull,
A4u l1l4 care rAthar ff,Av hh Seuf cut ~