, 1874-02-08
Capitalists from Abroad Buying for
Investment and Speculation.
Abundance of Money offered Oh
Mortgages and for the Pur-
chase Of Ground.
The Drift Of Speculation to the South
and West.
$5,7OO,O0O Of Real Estate Trans
fcrred in January.


The improved feeling in regard to real estate
Investments noticed In our article Of week age
not only continues but increases, and the p1edlc"
ton made nearly two months ego TINT the
scarcity Of other satisfactory Investments would
cause aow Of capital to this city for invest
meht in real estate is being verified Within
the past week We have talked with several men
largely interested in real estate who we're feeling
very Respondent month OF TWO ago, but Who
now sav they are convinced that there will be
great activity and an advance in prices this
spring. It may be said that in these cases the
wish il father to tho thought, but it is
Mt least Al evidence Of great change
in tho general feeling, tint men who
ei3 weeks ago feared continued depression
md possible decline in the prices Of real estate,
now feel "a confident that the influx OF capital
from abroad is preparing the way for Al active B
season in real estate Us has been experienced IN
soE1e years.
after panic money always accumu]ates in
the hands OF capitalists, because they tempora-
rily lose confidence in tho value Of everything
boarded money dwind1es away, and when invest
ment in any particular line does take start, it
soon >wells IT, IN extra volume, in proportion to
the previous depression. The large advance in
ment bouds in the last week instance, Rock Island
ssock quoted yesterday at 108 against 104 at the
beginning Of tho weekly shows that the accumu-
latlon Of money has continued Until capitalists
find that, being unable to lend it, they must buy
something III order to uso it. Country bankers
and money lenders from three different quarters
in this State during the past week tell us that
there was never 80 much money in the country
al now, and that moro Is offered for loan on
mortgages Of farms than can bo used Much
into this city for Investment in commercial
paper and mortgages. But this avenue of en-
pIoyment is already becoming inadequate to the
supply Of money, and oven money-lenders them
selves admit that decline in the rates OF inter-
est, outside OF banks. is moro than probable.
There are plenty Of country capitalists who do
not speculate either in railroad stocks or West
ern products. and for These there seems no in
ycstrnent so attractive rs real estate IN city
like Chicago, which must increase in wealth and
population unless the entire business OF the
country is overturned
Th.. men in this city who have been promi-
uent Is Hpeculators in real eesate for several
wears past arc doing comparatively little now
not because they have not confidence in the
prospects Of activity, but becauso they we're
crippled, first by the great fire, aud had not re-
covered from that when their calculations were
again upset by the panic.
But that money is now coming hero from
various quarters, both East and Vest, we have
numerous evidences. There is scarcely we'll
known real estate agent in the city but Is re-
ceiving inquiries about the chances for invest
neut, and accompanied By offers Of sums of
money, from capitalists in various parts of the
country. 4 good many purchases have already
been made, and among those Of this class mada
during the past week we nose:
Eighty acres in tho ". Is of the N. n. Il Of
Sec. 80, 81, "A, being one milo directly south
Of Washington Heights station, Ut the Junction
Ct the Rock Island aud tue c., G. d. I, c. Rail-
noads, to capitalist Of Champaign County, in
this State. for S20, 900.
Lot 6, OF Block 2, in saltonst.ll l. Russell's
subdivision Of the y. E. 4 Of S. E. Il OF Sec.
3, 3S Il. being ono acre. on St. Lawrence street,
one block east OF Viucennes avenue, and just
north Of Fort:-fourth street. sold to non-reel-
ocnt capitalist for 600.
Fifsy-ive acres in E. 4 Of N. E. Z Of Sec,
II, Town 81, Rango II. being threc-qualters of =
mile southeast OF the railroad crossing at WASH
iugton Heights, sold to DR.. Fowler, Of Spring.
field, Ill. and H. H. Hcoore. Tor 5000 per acre
Anctiler gentleman, from Champaigu County
also; bought, this weels, IN acre OF ground, ono
block east Of Ylncennes avenue, and Just south
OF Forty third street, being Lots md of Lot
), in sa:onsta1Is Subdivision Of tile N. E. 4 OF
s. L. y Of Sec: 3, Ss, H. at $50 per front foot.
/ B-ools. OF Columbus, O., e}eren lots on
Dre1el avenue, between Flfty-fifth and Fifty
sixth streets, at s5oper front foot, or total Of
$13.o0J.
NJ ]. D. Harvey and Messrs Kerr, Davidson
d WEIGH together sold to well-known Ken
tuckv capitalist 40 acres in tho ". u of the s.
v. I OF Sec. 10, in tho Town Of Cicero, being x
milo southwest of the Car-Shops, for S120, ,000.
We know OF other negotiations pending for
purchases by capitalists from abroad, and doubt
have not heard The aforementioned sales.
however, were neither trades for other prop
e1ty nor conyeyances to settle indebtedness. but
legitimate PURCHASES on the usual terms Of real
estate purchases and are sufficient TO show that
there is bona tde movement Of capital from
other places to this city for Investment in real
estate. OF
OTHER SALES OF ACRES AND LOTS
u1ade to persons not known to be non-residcnts,
We learn Of the following:
SUBURBAN.
Samuel r. Haven sold GO acres, located be-
tween Melroso and haywood, being about X
mile from the Melrose depot; consideration,
$4,000.
Asa ". Clark sold acres near Morgan Park.
one mile from the depot; consideration, 50, 900,
J. g. Bradley cold block in Mclrose. consist
ing ot 20 Iotn, each 261125 feet; consideration
for all, 81, 300.
3. F. Clarke l. Co. sold 100x150 feet in Block
81, Morgan Park. including improvements; con-
sidsration, 81 1000. Also, looz!5o feet in Block
3, Washington Heights consideration, 81 500.
Also, 6 lots in Block 26, in Washington Heights;
81, 800. Also. 100 feet in Block
;. uiia1d d, Dobbins' Addition; consideration,
II .5CD
: D. L. & G. IT. Perry sold lots on Green- !!
Sood avenue, between Forty-n1nth and Fiftieth |
;treets consideration, $50 per foot.
"NsDE."
Lots 12, Sand Il, being Is feet On Michigan !
treet. south front, just west Of Market street, |
rcre sold this week ut S200 per front foot.
A. J. L. j. ". Cooper sold G415 feet on North
,aSalle street, 160 feet north OF Chicago ayenue,
asst front: consideration, $12, 500.
Prof. T. ). Sawyer sold house and lot No. 50
'hirty- third street, between Vernon and Rhodes
venues; consideration, s4,710.
F. A. Riddle sold lots, located on Ogden
venue, corner Of Wood street; consideration,
l3 900 cash.
J. s. Hair & Co. sold house and LOT corner
street and Prairie avenue; +; con-
deration $4,000.
Campbell Bros. sold lots on Ogden avenue
etween Twelfth street and Western avenue; |
>nsderation, S65 per foot.
House No, 1881 Indiana avenue, near Thirty
!urth street, two-story and basement, octagon
out, brick, with lot 25x125, sold By Edward T.
rocks to L. 1ngledew for 50. 600. 3fr. Brooks
so gold tWo-story house, with lot S0x130 on |
ol1eyue avenue, between Forty third mud Forty j
nrth streets, for $1,000.
q. 8. Evcrhart sold 1855 feet, southwest corner
rcxcl Boulevard and Forty first street, for@o
9, taking in exchange No. 100 Third avenue, 25x
o. Nth h11;ldinrs IT A1c 5n0