, 1874-06-01

Tho event Of the week in real cstato, as in |
railroad and other business circles, has bocn the |
completion Of tho negotiations Of tho Baltimore |
l. Ohio Railroad for tho right OF wny into thB |
city. THE rond, following iss courso |
elong tho lake, which it first touches |
Mt Pine Station. csosaes tho Calumet River
parallel with tho Michigan Southern.
Its way through South Chicago ia on Rai1road
avenue. nnd aftor 1oaying TINT town it curves to
tin 1cft aud n,akca for tho Illinois Central track
which it taps north Of pasksllc station. Thence
to tho city its COURSE is the Illinois Contra
The now division Of tho baltimore Is Ohio
nailroad, .
CALLED TIE cn1cAno D1v1s1os,
wl1l be 2G0 miloa il length. 1tB construction is
AIM nothing less magnificent than tho control Of
tho Western grnin trade, . prize for which Bos-
ton iB competing with its lIoosao tunnel, phiia-
d,1pha with ller rnunted American limo Of iron
steamships, mud for which New York h1ono is not
competing. That city ID nov In sleepy, posses-
sion Of this great trade, apparontly undi1turDed
in tho confidence that what Inns beon hers
always will be, and that Hho need provide mono
tho volume and rapid movement OF modern trado
demand. IN Now York tho old-faBhfoned bareos
and drays that made tho fortunes OF tile last gem
GRAFTON OF her merchant prinecs aro still in nae;
prining Western city supplies In proportion to lts
needs, aro not to DO found. The Ereat 1netroro-
lis has no elevators, no deccnt docks, no ade-
Inato transfer accommodations.
Ey tho Baltimore Il Ohio liailroad tho dis
tauce
FROM CHICAGO TO THE sEABoAnD
is TOO miles; by tho Pennsylvania Central to
Nov York It is a20; nmd by tho New York Cen
tic claims other advantages than saving IN
diftancc.. BY the 1Bt Of July tho Baltimore md
Ohio Railroad Company will havo in operation
IN baltimore MI elevator With q capacity Of
sntor already in operation there, will give Dnlti-
moro creator facilities for tho storage md
shipment Of grain than any other seaport on tho
Atlantic coust. 10 accommodate tho now COM
aA foot up to the elevator, giving access to tho
turgeBt steatners. There Inns beon 4 great in
crease in tho foreign business OF Baltimore IN
the last two years, "a ls shown by the recuiaa Of
shipments for tint timo.
Tho policy OF
CHEAT rnE1a1fTs.
Ghch is promised by the Company, will give a
groat impetus to tho business botl Of Chicago
and Baltimore, tho tern1nhl points of tho road.
Tho Company expect tho line to bo completed
Ra fur aa the Stato limo before
the 1ar OF AuduaT
to connect with tho limo Which is boing rapidly
IN Illinois is being built In both directions from
South Chicago. Track Ia now being laid from
Walkerton, 1t tho ratio Of threo-1llartera Of a
milo dny. Tho Chicago Division ia 2d9 miles in
cd; 1G0 niles remain to he ironed. Therc will
10 4 double track twenty n,i1es ont from Chicago
On tho plot Of 60 acres, and Lying. along
tho track on both Hides OF tho north limo oi
place tho
LAnGEsT 6nora YET EnEcTEp
in or out OF Chicago. Tho ougine-houao vii
haSo STILLS for thirty-two locomotives thort
will 10 car-Hllops and workshops Of nl! kinds Il
ut once, and s50o,000 is to 30 expended upor
them before tho closo Of thia Yoar.
Tue effect upon rcal estate hotwoon South
Park aud South chicago Of tho opouing Of tii
nov line will be
md stimulate apeon'ntion. Property along th'
lima III mainly III tho lhnd8 Of largo owners, VIII
j.old It in 40. 60, 80, and l66 aero Tracts
Many OF thcue Tracts will bo suhaivldol
to bo again stbdIyided and sold In lots. Within
tho la.t year prcoA hnyo rangcd from 81, ,2oo t.
$4,000 atl acra, tho Inter prlce being exceptional
Transloys : q now aotivo, and largo amount
proporty has already rssaodM M from l. tho nania o
i,oyncdiato milo, e9,a90 an acra IL now hat9
asked for what wus rated at 81, ,.00 few Weok
ugo, aud plots have boon aold Ut TINT price: ea'
suus1AnY Of rnASEFElss foh THE wEEK. VI es.,
Tho following Ia thu total alnount ot city ant
suburban property, within Hovon miles Of tn
Uourt-lIouso, transHisrred dnring the week eaa
iug Saturday. May 40;
NJ SS:l lptaPsit:y e ei.3 nlis sa r.a;
Of; mIlss Ut tEe cour.ItoNse..:: 2a'''
South ol olty limits. within . radua w.. =,
Of nllsa of TIN Court-1lotIss..,.. ~ Aot'o'
Won't q city limita within Il ra'llns of ,m
1nea Of tho Court J 4'e'
v..E Tsts sstias lii; st