, 1874-07-05

n1strunss,lts.'

IAE LAhE flHESf AUCT10N.
There was no sa!e at Lake Forest on WednoR-
day last. IS it was advertised there would ba.
Tho most elaborate preparations were nlalo, by
advertising and IN other ways. 4 very largo
crowd WIS in attendauco. Numbers Of persons
found It impossible to get aboard the special
train. Ellison, Pomeroy Il Co. had made all the
preliminary arrangements Ut tho aale With their
usuli sl1ccesH but, after teachiug the ground,
and making one or two teutative Offers OF plats
to bidders, the ownors OF tho property u.
seutea in lots too tarse for M sale, t.s
Fifteen and thirty aero lots In Luke Forest ard
expensive thugs. and to lind in QUO group pur-
waB perhaps not to be expected. There arc coli-
Rdoratfons. however, that ralcrtfon might have
suggeHted in advance. Property like TINT ut
Lake Forest III less suited for sale at auction
than ANY other outside tho city limits. Offered
to privato pHrcllaaois In lots to suit, it viii a.
why's bring good prices. Forced to public sale,
1t IL CERTAIN to suller more than property Of d
lower grade,
THE n. O. RIGHT OF WAY.
The question Of the right Of way Of tho nalt!-
more Il OHIO Railroad through OaAwood Park
III Atiil undecided. The at bitration between tho
railroad and the proparty-owners bas fAl!on
through. The award "as such At tue railroad
wisl not even consider. Several oourseB are open
to them. Thoy may trnrorse the district bo-
twefn e IT, ,A9 s9%h @ r hss mud s0u5h ohieaso
tho Illinois Central track BY passing through
Stony lsland. They may fellow tlpir preHeut
line with a deeotlon. to the North Of oalE-
wood Park. What the result will be can
tho line. 1t is probably to tho uncertainty
that hna como 10 unexpectedly over the
plana Of tho railroad that the etagnatou Of real
estate in that quarter is duo. The activity that
Y, seemed ready TO start (, upon the apnonncemeut
t,acks between South C!!icago mud the south
Parks haH mover appeared. Those who bought
land to subdiyile hold 1t still in traets; owners
WHO got ready for purchasers nso still expcctant.
TUX REAL ESTATE ExCHANnE,
Nothing Of note was done ut tho lloal Estate
Exchange during the week. Iha succeBa Of tho
atto1npt has not 10 fur been brilliant, bur ttoro
III every disposition among tue men who origl-
mated it to carry 1t through. They remember
lar aud unsuccessful long time
after, ita formation. With oil their an-
tdrl,riae, th0 business men OF Chicago witt not
adapt nav thing on sight. They must sea It
tested. Tho Keutlomen who havo tho lieal Es-
tate Exchange in Charge laye no doubt Of tho
desirab.llty Of such centre for tho leal estato
b,lnuesH aud will maintain it until public rococ.
naiiun hf its advantages inake8 II soli.nuppoyt-
INK. Tile Executive Committee Of this Ex-
change have adopted motion which viii DO
meeting, to throw the Exchange opon for stock
operations. II ia proposed that regular cals
of stocLa shall 10 1nade daily witaant charge
except in ease OF sales, WHEN tho Exchange
shall bo paid u commission OF t-1u Of i pok cent
on stocks, aud LEO Of por cent on honda.
WESTERN AVENUE.
We uBe this term for the roason that the boul-
evard, wh,os, Is to take lts place botwenn Payil-
lion parkway {Fifty-hflh streot) and the ca.lul
has not yet heen named by tue Park Commits
Hiouors. dood progress l,as been, made within
the Inst fAw weeks tn securing tue lAtld for thla
important tllotoughfare, aud II owners will ao-