, 1874-05-25

panic that Ia expected novor eon1os The owr-
ers Of -Groporty have boon hoagiuR, snd most,
whore thoy will DO anfc. For weoks f,nst close
obsorver Of the .ronl estato market would llavo
notlcoa tint although tho volume OF transfers
reported each dny rcmnlnud about tlc snn,c,
boon tho order Of tho dny. Tho roal significance
Of this movement IL that property henvlly in-
could ne hold % t. nas ssh' shas 'o eonia. % Largo s
piocos honrlly mortgagod ilavo beon traded ofr
who have contracted to take largo
floating on In q rl1o havo Naltod for tho rise in
vain. They ura compelled to submit either to
forocloaatnre @ and saorlaco Of tho property. Of
Of tho transactions now mado aro for oash most
of them aro tradcs and tho moBt Of t1iaBo are
ma5'a to oacapo tho entro losa Of the property.
Ihero aro not q fow caaca In Which property
way to tho original .proprictors. r. flaa boon
handod up from Bpocnlntor to specufator, always
At m advanco, caclt figure in aeries looking 70
SUCCESSOR for money with Which to pay him
tion loavos tho last purchaser without nlarhet.
11e cannot SELL ho cannot borrow, hs failure In
wolves Ills prodoccaAora. Az IN instance Of thia
sort, tho salo Of 100 norcs in q southern enbirb
my be mononod T. Tornry 1s sno
days Il was sold again Tor 5000 per
aero; in thirty days for s:,5ioo. end soon
after for 5000 mn aoro. This sfowoa
profit on paper ef so4. .o9o IN sl3ty days; "a a
money has over been paid, and nothing but tho
fofbenranoo Of tho orlginnl owner now delays
foreclosure, in which caao the property would,
no doubt, bo bought up by him:
1t IL a fnct, and az such THE TRIBUNE Is bound
to report 1t, tho loading real-eatate loan-agonts
report doolino Of tho ,valuo, Of property, AZ
hhpwn by their appraiBals. The largest declino
IL In property on tito borders Of tho city. or In
siao property, Wabash avonne has Butrorod most.
Perhaps tho frnnegt residence property Ia
that on tue North Side, cast Of CLARK street,
and that on streets like Dlne Island aYenuo, Mil
waukoe ayonuo, aud South Halatetl stroot, whore
thero Is busy population, whoro tho etoroa that
modorato ront and tho dwellings. hayo beon
rcnted for the same reasons. Aparallol hAsaomo-
times boon drawn between the prcaont state Of tho
real ostato marriott and that Which followed 1857,
bAt tho resemblanco does not eprear From
1851 to 1857 thcrc WAS u groat and growing apcec-
ulalion III Chicago real estate. The fovor oul-
ninntcd IN 1867, and tlon carao crash. Thoro
Inns not boon Of lato any speculation That could
cnd IN such diBaster, and thoro arc no ovldeucos
that thoro is to bo any. While reporting this do
for loans, loan sgonta report that interest," wns
mover better paid than now. lntoreat
that has boon IN arroars 10 for many
months is now Forthcoming. This shows
before assuming new obligations. Tho appiica-
tions for 1oans havo not decreased in quantity,
but are from inferior sourcos. They come ut
present mainly from PARTIES vino Wish to remove
prior iucnmbrancoB, or to extend 1oan mn
turity. Ono Of tho quarters in which creator
activity shows itself Is wost OF tho Stock Yards.
wharo the paoking-hougoa are establishing them
selves. THO city will grant no moro licenaes to
slaughter within tho city limltB. Thoro are sixty
slaughter-houscs In tito oity, and twonty-ono
hayo alrondy established themselves In this
quarter. Land Ia hold hero ut $50 to e126 q foot
for lotH 800 feet deep.
1uMMAA1 oy TsANsEENs Ton THE WEEK.
Thu following ia the total amount OF city and
aubrban property transferred during tho woek end
iu0 Saturday. bfhY "a: