, 1874-03-29
f,omparatively Few Transactions in
the Past Week.
1te Currency Imitation Stimulating Spec
u|atiye Inquiry.



..ntrsted on the currency question that every
hodr seemed to be waiting Tor the solution OF
hi before they could make up their minds
.h1ut the value and prospects of real estate
n1e ,eeitiGato effect which the small increase os
currency contemplated by Congress would have
on r,ices OF real estate, would be very slight il
!, wcrs not for the fact that people seem to have
,ocepted the failure or success of the measure
a. 3 sort Of omen or sign, the twist of the di-
xinug rod, the turn Of the fortune-teller's card,
rhich MAS to indicate whether real estate specu-
,.t;on was to become active or not Many
reople had lost siGkt Of the certainty that the
.ocnnulation OF idle money must eventually
<onoe some Of it into real estate Investments.
and hsd pinned their fe9th in the future, to the
rbance of an increase OF currency. The action
~ Congress has therefore, created buoyant
feeling 1t the close Of the week. The inquiry
<roo speculative purchasers increased the rery
d.v that the Senate was known to be in favor
RI imitation, and though it msy ba week or two
before the effects are shown in any actual in
crease OF sales Of property. there can be but
little doubt that such will be the result.
among recent sales Of residences in the city
~ oote those of the fine residence OF Mr. Cal
rin T. Wheeler, No. 81 Calumet avenue, with
tha lot IS feet front 177 feet. Deep to Mr.
Joseph 4. Kohn, for 96s, 900. A1so No. 571 VA
bash avenue, Mr. hohn's former residence, for
$4,000.
SOUTH WATER STREET STORES.
Ihe concentration OF the..trade in butter, eggs,
fruits, and other similar products is making
cood demand for stores On South Water street.
hatYpsn Clark and Wells. 4 good many new
stores a1e being erected IN that quarter, aud are
rented as fast as built
SOUTH STATE 8TREEr.
Within the past two weeks large number OF
business buildings haTo been commenced On
6tato street, between Twenty ninth street and
substantial brick structures. from two to three
stories high. and adapted TO retail trade. The
low ptice Of labor and OF building material ap-
pea1H to be stimulating tho construction both Of
cheap business blocks and residences in all parts
Of the city.
PAVING INDIANA AVENUE.
Tho property holders and residents on 1ndiAna
ayenue between Thirty-t1rBt street and Douglas
avenue, have pretty generally sigled an agree
men By which that part Of the avenue is to be
pared early during the coming 6eason. When
Ibis shall be done, the people below Thirty-frst
street will have continuous paved Roadway by
=sy Of Thirty-frst street and Wabash avenue,
with the central portion Of the city.
Some pressure is being brought to bear on the
Aldermen Of the Fifth Ward to get the fire
limits contracted, st least go fa1 IS to have State
street nade the western boundary q the limits,
IN place Of the present boundary, which ls the
alley between State and South Dearborn streets,
It is hardly possible that the desire for any
change ls very general.
TEE DEMAND FOE HOUSES.
One Of the prominent features Of the past
tKo weeks has been the demand for cheap raai-
dencss at prices ranging from q, 600 to St, 900;
and, as the West Side has the largest amount Of
this kind Of property, the inquiries Of this class
Of purchasers are largely in the direction Of the
West Side parks.
AT LAwSDALE,
where thero are now tTenty-seve1. houses being
erected, great many sala1ied men are purchas-
ing new homes. Tho growth OF this place is, in
fact, one Of t..s, most marked instances Of the
spreading out OF the city -Four or five years
ego there WAS nothing there, aud the land was
sold at from 1900 to $4,000 per acre. Now
there is . whole town there, with churches,
schools, etc.. etc. Being within the city limits,
it has water from the city mains, and Jet ia so
detached from the other brilt-up portions Of
the city that it is practically suburban place.
At the
NORTHWESTERN cAR-sHoPs,
where, two years ago. there Has nothing but open
prairie. there are now, besides the shops, about
sixty new buildings, aud forty more contract
ed for, to be built this spring, all within half
mile OF the shops.
NORTH OF LINCOLN PARK.
There is good deal OF inquiry in regard to
And situated north of Lincoln Park and weet
Of the Evanston road, OWING to tho contemp1a:-
cd improvements on the Lake Shore Drive. For
this reason principally, property in that vicinity
is attracting more attention than ever tefore.
B. F. Culver sold. during the week, seventy
hFe feet on Orleans street, just north OF tie
pa7k, for s15 per foot.
Tbs activity Of building and sales Of lots in eli
the prominent suburbs of Englewood, HYDE
Park. Cornell. and South Chicago continues as
actively as mentioned in articles OF the last
two weeks. As an INSTANCE OF the rise in value
Of ground We may mention that 69 feet
veat front on Wentworth avenue end
Sixty ninth street were sold this
foot; the 50 feet Of ground adjoining this Was !
sold eight moaths ago at 925 per front foot.
6ToSY ISLAND BOULEVARD.
Among other improvements in the southern |
Buburbs. NC notice that Mr. James Stinsou III |
building handsome residence, to cost from
SIS to $4,000, on Stony Island Boulevard, |
south Of Serenty-seventh street. This is tho !
first fao residence in that quarter, but es segera1
others are contemplated in the vicinity OF |
ssTenty-iirst street, and, as good many lois |
enty-ffth street, it is probable that before fail
the line ct this fms boulevard will be dotted |
With honses here and there all the way to |
tho crossing Of the Pittsburgh l. Rott
Hayae Railroad Along the whole !!
of the finest driving roads in the suburbs, ind |
this summer great deal OF the pleasure-sriving |
Viii ba in that direction.
There are o good many vague hints and
whispers and wise head-waggings about come
GREAT MANUFACTURING CONCERN
- be established somewhere in the extensive
district between Cornell and Calumet Lake, but
sHe cannot trace them to any definite founda-
hpu.
SINGLE RAIL RoAD.
Preparations are now being made On the block
ne.. south OF the Pacific Hotel to experiment.
With single-ral track Tor steam cars. The
ptop1ietors OF this have proposed to the prop
eftf-owners On the lake shore, south Of Seventy
n<st street, to build such q road on
s93 sne proposed route Of the railroad from Park
efde Sta!lon to South Chicago and ii the expert
msut nuw about to be tried should prove favora-
n!e It ia possible that this new plan will. be
sdoWed there.
We hear OF but few
A., SALES or ACRES
tais week, though Mess1s. Clarke. Layton i Co. u
Sod twenty acres in the south half Of Sec. 6, at
~ mnsaalngton Heights, for S28,970, and 3. +.
ia ttt1e Co. sold Lot 7, Of Block 4, IN Washing
'on Heights, for 81, ZOO.
SATURDAYS TRANSFERS,
~, Ihe following Instruments vera filed for rec
'1o On 9aturdsy, March 28:
n%,- CT7r PROPERTY. |
ts5!of IT. ITS It n TT Western av, I, 25x12aL IT,
~ vs A1fch ~ :; consideration, 5000. |