, 1874-01-25
Sales Of Some Valuable Resi-
dence Property.
The Greatest Activity in Building and in
Sales Is in the Suburbs.
South Chicago, Washington Heights,
and the Northwestern Car-Shops.

real estate dealers who hare been looking oye
their books for this season Of last year hav'
come to the conclusion that there is more bnsi-
ness being done in the present month OF Japu
ary than in the corresponding month Of last year
December aud January are, however, always dul
months in tho real estate business, anc
If the experience Of the past iB worth
anything as an index Of what the degree o1
activity should be at certain seasons Of the year
it could not be expected that there would be
much speculation or investment just now.
But as indicated in our article Of week ago
tho amount of money offered on mortgages il
steadily increasing, and the demaud for loans on
n1st-class real estate ia diminishing. II the in.
creasing supply of money coming here is to find
investment in real estate at all, it scems that il
can only be BY tho purchase OF the fee Of the
property, and, rs there nov seems to be no doubt
that there is more than the usual amount
Of capital seeking some sort OF conservative and
safe investment this winter, it Indicates the
probability Of much larger volume OF sales
within The next month. In the money article OF
TIE TRIBUNE it has been mentioned within the
past week that numerous aInounts--some Of
them large onos--ara being sent here by banks,
both in tho country end in tho Eastern citos, for
Investment in commercial paper. While this III
not entirely new feature in the money market,
it has at least never peen done 70 the e1sent
experienced now, ana an 1nalcatlon or
t:,is indicates larger supply Of money offered
for loans, ii also Indicates that greater amount
tnan usual !uI7l sooa seeh 1ulsei - fI.
aud. since the general decline Of confidence
IN corporate securities. tnere seems no SO
attractive avenue ior It's employmene
as in the purchase Of real estate. There
is Enthusiastically = good deal Of money
here now seeking such investment, ous tho own
er5 Of the money arc nearly o.! waiting to hnd
some property-owner III tl6ht place, 70 as to
by i9r a LESS tean f0sner 'alnas'ona' IN THIS way
F1Asr-cLAss RESIDENCE PROPERTY
is being picked up by capitalists who nave been
waiting and inqunlng for some time. Among
recent sales OF this END we note that:
5fr. Q. J. Slough has sold his tino residence,
No. Calumet avenue, to the Hon. j. u. Cation
for S7o.ooo. 1hc place mas ~ feot east front on
Calumet avenue, just south OF Eighteenth
street. The residence building thereon Is worth
probably !30, ooo, which would leave 49'oo' FOR
the eround, Ihis is one OF the haudsomest res
idenee PLACES n tn CITY. though It 10 little TOO
ucar the Illinois Central Astlroad track to com
nand rs high a price FOR the ground SIS the proc
crty on the same street half block further
south.
Messrs. Clarke Layton l. Co. sold last
South Park avenue for ?9.o3o, a!i cash Ihls
is something OF . reduction on tho price asked
for the same property last spring, but the pay
n1cnt OF ''ail cash. instead Of one-tbird cash
and the balance IN one and two years, on which
terms it WAS offered then, accounts for the
greater portion of the 2,5oo reduction in the
price.
Judge A. ". Merriweather, OF Louisville, hy.,
purchased OF Mr. James E. Tyler, ieW days
ago; 315 feet on the southeast corner ct Fifty
front foot, and the same number of feet on
Calumet avenue Ind Eifty-fouTtl street at S1GO
per front foot. Judge MerriweatEer intends, ne
understand, to build one or more handsome
residences on the property ln the spring.
whether in town lots or in acres. is in more ac-
tive demand than the higher-priced property in
tic city, and prices are also better sustained.
We hear Of the sale
AT WASHINGTON HEIGHTS.
OF 50 acres in Section 7, Town 81, Range "A, at
SI.aOJ per acre.
4tessrs Clarke, Layton d TO. sold lO0IlD8
fcst OIL The corner of Morgan avenue and Vim
ceaaes Road for 81 900.
Also, one acre coruer Park Road and the Rock
Island Railroad in Morgan Park Additiou at
81 $50. ~.
One and o half acres Iots 10 and ~ in Nor
gan Park for 81, a,o50.
The stockholders in the Washington Heights
Female Seminary Association have been called
upon for an asaessment to furnish funds TO be-
gin the erection OF the seminary in the spring.
At SOUTH ESGLEWooD.
Messrg: Noble 4 Richmond sold 100 feet in
Block e. Sec. 4. for 81 800.
SOUTH CHICAGO AND CALUMET uAnBoR LoTs.
. A portion OF the lands Of the Calumet l. Chi
,ago Canal and Dock Company, upon the Gala
met River and Lake Michigan, has bean subdi-
gided into lots, and will soon be offered for sale
1T low prices and on liberal terme South Chi
ago is destined to be o manufacturing place,
aud rapid and steady advance iu the value OF
:hese lots is predicted. Tho Calumet, or South
Chicago, Harbor is IL miles distant,
southeast, from the lighthouse in Chicago
City. The entrance :, to the harbor is
700 feet wide, aud the river Is 800 |
[eet wide through the toFn, and naVigable for
several miles sor the dcepest draft vessels on
'le lakes. Inc water ls ~ feet deep In front OF
he finished docks. The north bank Of the river,
or a considerable distance, is docked in per- |
nhnent Inanner. 4 solid masonry structure for |
llght-noaso has been built BY the Government, !
lna lts light placed therein.
Besides the facilities for transit between tho |
'usluess centre OF the city and South Chicago, !!
ia the Pittsburgh j. Fort Wayne and Michigan
southern Railroads, the Rock Island Branch ]
soed has been eomploted from near Washington