, 1875-06-06
An Increase in Values on Wabash
Avenue ard State Street,
In the Loan Market there Is q Plethora
Of Funds.
Tro Millions of Dollars Invested in the
Iron Manufacture in South
Chicago.
Other Rea!.Extate News-Building Per-
mi1:-I;scellaneous.


i rRoTP3C11vE CHANGE
The past week has seen cCnss1In1nated move
Ee1:t ct great Importance in the business seog
,a!hy OF Chicago, as wen as OF great significance
- RIA, e5tate interests. Some casual observers
lsyc looked upon the location OF Field l. Letter
Wholesale store Oh Madison and Market streets
a.,d lis. Of J. :. Fzrvell Co. and Henry Il
Einc t. Co., and other leading jobbers III the
uc:< <,lhorlooI az Temporary, or founded upon
toae:hns ike ,aiacalcuta.iou Of the future course
uf tr.le. Tbs situation OF J.y. Farwe1l l. Co. Z
e<t.lrbmeat las especially excited this line Of
fe.u-rl.-
RECENT Events GO To SHOW
that these merchants, in choosing their plAces
CT businers, have exhibited tho same sagacity
ti.:.t has built up their successful businesses,
ud t!.4s L, tl:is. as IN other matters, they have
been f4-thcr-Blghted than others. Several very
i!n,cr.snt =aics Of property have been made IN
II. last few days, which, when interpreted by
lie pans u the purchasers, point to the deter
r;.a;io:, Of the jobbing centre Of the city in the
,.e,shio.hood OF Wells, Madison, Monroe, and
Fraukhn streets. T. z. Letter. Of Fold Letter
Il Co., Las bought 5s152 feet Oh the northwest
corner OF Fifth avenne and Monroe
ctrces for 800 foot; c. 3. Fazwen Of ]. T.
1.ve!l j. Co, has bought 95 feet on the south
.a:t corner Z: Franklin and Ionroe streets At
t7uo foot; Henry IT. King has bought 50 feet
t. ,Go.1roc street, next to l1r. Faryelrs pur-
f:,*sc. At $500 foot. Tnis purchase was the
first a.ede in .!l;s new movement nna was con-
.e,,ueitly c.xaineI ut greater advantage.
.-E.xha!l Field, Of Field, Letter Co., has
bounht ibe northeast corner Of Franklin and
sienroe street, comprising 951l90 feet, opposite
the b;.:ld:ny Of J. Y. Farwe!l & Co, for $500
lost THIS p-op srty Is to be improved with fne
deep s.urcs
a-,tnFEp 10 THE JoBHISG TRADE
The plans eo- soue Of the Lnlld;ngb are already
in tia hands OF tie architects e. 3: Farrell
v.i pat u; two lue Ive-rtery stone-f1oat stores
cu Lis purchase. fIr. Marsha:I Field will begin
iue erection Of similar buildings vt once, aud tic
ethc1s vii follow.
Tits movement is concerted, powerful. and
''1ae kEB i;usi2ass." Tha inferiosity ct most Of
lie f.u:eS OF Madison street for wholesale pur-
rcsas IL evident. TIE lorse-c4rs interfere seri-
eut.y with thu: kind OF trade, raucn they tend
- 81 eli! the volume Of retail trati:. The build
1-s OIL s1adison, with a few exccps ions like that
ii Fled l. Letter, a-o too shallow for jobbiDg
business. East Of Franklin street Madison hns
u.rcai7 become retail street, end, being great
tL1:ousnia7e THIS business will INCREASE Mon
roc street is free from tte horse-can5, free from
tie shops and objectionable structures on Mad
ieon street. and in every way fitted to be the To-
est4oa oi Great jobb;pE trade.
Tie 1ncs that the two largest dry goods job
hing noases in the city arc already established
10 tn. nc.gLborhood il s controlling element 10
its future.
TEE UTAyIEsT PURCHASES
r-1a l,r country buyers are Of Gry pods. There