, 1874-06-22
REAL ESTATE.
. THE LATEST uNtoN DEPOT MOVEMENT

THE LATEST uNtoN DEPOT MOVEMENT
bogan about two months ngo. Wearls1 Of tho
delays md annoyance incident to tho Lake Front
differences, tho o., B. Il Q. and Michigan Con-
tral Companies resolved 10 migrate to the Wcat
Sdo. Neithor Company hap hitherto bad nn,
Wisconsin Or Mlnuosota connection DESTROYS Of
securing theao, negotiations woro ontorad into
which developed . willingness Oh tho part Of tho
Chicago i Alton, THO Fort Wayne, tho Ailwau-
lscc & st. Paul, alld tho Northwestern Compa-
nies to join tho Burlington aud Michigan Con-
trM iu constructing union depot. Tho ground
bounded by Van Duren, Canal, md Madison
streets and tho river nco1nod most eligible. Thta
Is mainly owned by tho Ponnsylvanta Contrary,
OF which Col. Thomas A. 8cott ts proaftlent.
His assent to tho project waa secured. Artio'ea
oaa :, as1Sf hsss Seen 1osS snod by az tho contracting
pat''7 usroaEssEs nnu muss p,rr1op1r1ss ARISEN.
majority Of tho afgnaturos ilavo a!rsnaY bcon
attachod to tho document. and NJ MI the Com
pauies arc sincere tn thoir ondeavor to secure
'anion depot, although tue preclae location may
bo doubtful, tho project is not. Tho parties In
terostod greatly nopd depot ACCOMMODATIONS,
aud are anxious to procure them. Unitedly they
could erect atruoture that would bo oroultable
a1skc to thin city and the corporations. while,
sipXfy, tho enterprise would be too groat drain
upon their doploted oxohequoIB.
The Presidents Of Tho nix Companies nauaal
wilt constitute the Directors Of the Association,
from whom . President to control >tB nfiairH wi}i
amount to tho capital atook and. for tho oon-
atruotion Of tho depot the Association vii! iasqo
their own bonds, guaranteed by tho several Rail
way Companies.
THE ADVANTAGES OF 4 WEST atpE
1ocntion to theso railways Rro apparent. The
Nogthweatorn would not thou bo obliged to croHa
the riyor, nor would tho Burlington any longer
to incur tho dlapleanuro OF the South Bido ayonuo
residents. Tho Michigan Central. which tcrml-
could cithor take tho Fort Wayne roAd at Tol1oa-
ton Of intoraeot II furthor north 1t not dosirouB
Of securing thor own ontranoe.
Tie effoet Of tho contamination Of such a
pro1oot upon the value Of properly near the Lake
fest to juAtffy comment.
The most notable salo Of tho wook is that
nude BY F. l.. Fake 4 Co. yesterday afternoon.
This was tho aa1a Of tho Conoortlia Hall, JOG and
exchange was mkds with parties in tho city.
Lpan-agonts report tho market dull, und no
domana Tor money o1cept On outside property,
WHICH thoy do not caro- to touch. This is gon-
year, hut the present June bids fair to make rs
good q showing as any previous month OF 1874.
In pnst years thcro has boen o markod falling
OF In this department Of buslnoss on tho sp-
With May or April. 1879, exhibits 4 diminut{on of
neatly 50 per cont; but Juno, 1874, is not only
fully up to tho avorago, but slightly In exooss OF
It, In the first three wooks OF April thero were
alsd for record Goa trust-doods and mortgages,
with IN aggregate consideration Of 81, 8l8 691 !;
on tho sumo timo In May 1,074 trust-daeda and
mortgages, representing 90 Old 400, appeared on
the Recorders books, and from Juno / to 20 tho
figures a.e ,11a Instruments total consideration
23,y81, 1928.
Another and still moro gratifying fact is TINT
the liabilities real eatota aro being moro rnp-
idly reduced than they have baen at any time
during tho past two years. Tho roloases for tho
third week Of June, 1879, wero 179, for June,
1879, they numbered 201, and for the Hanao peri
cd Ia Juns, 1874, they amount to 309 tn number,
almost o9aa!ng tho aggregate number Of trust;
deeds and mortgages. Tho roloaBos iucreaaol
from 645 in the month OF January to t,t73 in
May, 1874, md they have evidently acquired
momentum which promises to reduce tho iucun-
brauces placed on real estate by tho ncceBsitics
growing out OF tho Great Tlra more rnpialy
than tho most sanguino could haYo anticipated.
1t is doubtless true that thero IL ltslo or no do
nand for money on .iusido property, and to
Those who fondly liuger oror tho flush times of
the 1oaning husiness Immediately after Our great
calamity, the present soason must seem nEgra-
vatingly dull. Dclow ara aome tabular state
monts:
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