, 1874-01-11
,<<r,, Pieces of Valuable Business
Property Sold This Week.
rev Demand for First-Class Resi-
denees.
sesu,tan Property Also Being Inquired
For.
c..o,t Sales Of Residence Prop
srty in Various Quarters.

-. ;orreasing supply of money in nearly all
-.rr;rsl Eastern cities tends to confirm the
r. hist there will be more money to invest
l ~ s.ra.e within the next five or six months
~, ss7era1 wears before The cause of
~. r,g generally understood to be that the
=. .,nt nj securities Of a sufficiently reliable
sss,..ter to attract the investment Of capital is
e.-Il .- .,,Il, For the present, capital is finding
.'1...naot to large extent in commodities.
a'..;.tntfs provisions, and cotton are absorb
rrest deal Of money belonging to persons
=, s,,5am invest in such things. But as the
~. are gradually disposed Of by expectation
s.;'r,e.ns Of temporary Investment OF money
.nha diminished. 4 Chicago banker, who has
-.,d7 retnrred from New York City. says that
~, n ths uost conservative and best-known
t,,trs of that city believe that the era Of
.,.~.t;ou in railroads, which ended year
y, slL be succeeded by an era Of speculation
: r,1 estate in the chief commercial cities.
n~.,r the great expansion Of railreads tho ten
;,,~ vas to invest capital in remote lands in
,.rns cut aud building up new towns in the
;:,Test, Now that tho reaction has taken
IN tie tendency will be to concentrate capi-
RI: ,ha centres Of trade, instead of dispensing
~ lie octposts
s...s:de from this Theory. it now Eecms tol-
ri, tatain that trade Of all kinds Will te ac-
,1.ttr the ze1t SIX months, and that money will
). rknty after tha middle Of the current
rr:s. This will make it easy to borrow on
6-.s:cisl paper, and this, agaiE, will cause an
f,rs1snn Of mercantile credit to probably full
.s rets N extent as before the panic, and this
".,r:n:on Of credit (which is, IN fact, only an
i-.r:sd confidence in the growth Of wealth
I'd pepulation-will induce speculative &C
Ljsty u veil as legitimate investment demand
l@G.s ,eal estate.
Iae encouraging change in real estate busi-
sress noted in our article week ago is fully
ns:aa;oed. There are undoubtedly more buy
- in The market than two weeks ago, and many
i than are capitalists from other cities who
lave cane here for the purpose of investing.
Iss resi- estate brokers have more memoranda
i the wants OF investors on their books now
In they have had ut any time for several
catts 4 large number OF these inquiries are
tn capitalists who are desirous Of buying
t.-z;.ess property at slow prices" But there
.so considerable demand for frst-class
a=Hences. This has sprung up within the last
E days, SO two weeks ago scarcely anybody
r:d isik about buying this class OF property.
y:s, howeyer, purchasers could probably be
t-ad for few as good residences as there are
b tbs city. We understand that Mr. B. F.
!5tu has heen offered 5000 advance on the
pu Paid By him ten days ago for the haud-
s-sPrairie avenue house bought Of Mr. O. S.
E9shfo $4,000.
SUBURBAN ACRES
C=tesinning to attrac. attention again, and q
Cd Ean; parties who are prepared with money
s5sy are going oat every day on some OF the
E5artau trains to lcok at property, though
Esyet. Meesre. ". D. kerfoot l. Co. sold
W .cres in the NV. 4 Of Sec. IS, Town SO, Il
4ui!e southwest OF the B1idewelD, for $4,000,
ua1lr Ill cash. An offer Of $500 per acre was
c.aa this week for 10 acres il the n. E. Il of
e. II, Town 81, II e miles south Of the mouth
d Calumet hyer). There is good deal of
l:i'ity in building in nearly all the suburban
Ptees about the city, Though there are not as
E.cy Gales Of cheap Its as uEual- I
Lord Duadrear:,'' in the person Of Nr. |
7:lerp. made IN Investment in the suburb OF
,nsa Eaglawood this week, TO the extent Of
l.;Jo.
c.W. Colehour recently sold 25 lots in the
1s-hcr.cIs' Addition to South Chicago, at
sse1 IL S:59 per lot.
ID. Ha.vey, fo1 the West Chicago Land Com
Pr, sold los en- kinzie, between: West For
tsa and Vest Forty-second streets considera- t
t., s75U ger lot.
laese lots a1e to be immediately improved.
szo Lot IS in Block 2, Lots r. and &c m Block |
!;tso Lot G. in Block s, in the same Addition IL
s:sdelsiiou for the last, 81 200, and for the
1:..s 81, 900 each.
L. Baltimore i Ohio Railroad Company
a's: 80 understand. decided to make q formal |
sssone1s, for the privilege OF running track
sssash tie southwest Fart OF tae Lake
Szs PaTk, On a line that would |
Z continuation of Railroad avenue from
9Ente!section Of Serenty-tirst Street to the |
Es:aa Central Railroad at Sixtiath street. If
g t privilege we're granted under proper stipu-~
a@o:s IN regard 70 suburban trains AMI sthe !
ta1as:asion aud protection Of the grounds
9s5eaeg the portion Of the track in the park. |
ssao not See but that it would be al advantage !
aG park. Tho southeas. quarter of the park |
xaaT no remote from any railroad facility to
~ os available for the purposes for which it /
~, ~ nsernsa. Without some better means Of
- - than the present none but those who are
,..e se % Own OF hire horses and carriages would
~ tescn 1t Tor purposes of pleasure.
INSIDE" PROPERTY.
:, Hishla the past ten days several pieces OF
saual euAness property have been sold
!. aessfs v: D. kerfoot i Co. sold 20115 feet On
~ "a not1a side Of Washington street (No. 1867,
- - ulo me r-stoty brown stone building
: ssse2n. ZOO. LOT s7ooo0. Of which one-haf was paid
H. sesh s ana me other half in other property in
~ .sl- Gs5- lhe building on the above lot would
tepaDly t,s naa cost nov $4,000. This would leave
49, s~vog ~, ior the ground. But as the other prop
~ ~, .aAen 1os nad the pay was put in at high
i. Rsso4, Ws, ne thlna that probably 960, 900 for
~, "aenlnSSIon Street property WAS nearer the
r 'Ioe. Ills would leave S35, 900 for the lot,
1--WE w. 1ase OF 81, 700 per front foot, which IS
,,sSoly as nigh valuation as would be put on
-tf1opelty in that vicinity.
n1ssss n11ssls' hertoot l. Co. also sold vacant lot,
s,.. Aoas ng 1b0 feet deep. on the east side Of
r,s,s aeet. between Thirteenth and Fourteenth
Hse;s lor 4l6, 900.
ksis kssii:sfs 4. J. Ayerel l. Co. sold business
- and lot 20 feet front By $50 feet deep,,|
b. .s eaasa slde Of South Water street, 100 l.
- ts: ~ Of LsSalle street, for $50, ,500 This
- .'a 70 ancn-resident capitalist, WHO bought
tsa Investment. The building rents Tor
~ " PEI annum.
i. SNYDER L. Lee sold, few DAYS ago. q
ness Of residence property on the northeast
a. ~ nabash avenue and 1'hirty-third street,
~ 1eet front By 174 feet deep, for $50, 900.
~ oonght BY builder, who will erect q
ne ne block OF dwellings on it next spring.
a.. ae s1 parties also sold lot 4011o0 feet,
Il ~! vest corner OF Division and Hous-
t. sssss, Tor 81 GOO, which vas $500 more
.i~s- - ASKED for the same property sir months
T.: lot s71175 on the northeast corner Of
t.; ~ 1eEfsF~seFenth streets, at S125 per