, 1875-01-03
The Future Seen in the Wonderful
Exhibit Of Last Years Trade.
Record Of the Loan Market for the Year
Heavy Railroad Mortgages. .
The Alton & st. Louis Railway
Shops---Thc Workingman's
Cottage.


Dull E1l mol QlOef h&.eT1&lY, IN tiA Vclu10& O
character Of its II 1ansactions, from tho p1eced4n
wocka OF the year.
TIE TOTAL VALUE OF TRANSFERS
fo- the year SC5, ,000, 600; about SIG, ,oo0. .0o
less than the tola. OF 1871 The year orencd witl
decline II prices OF Is to % per cent from th
svera-o Of ls7a. as was shown in the first real
cstAte .r.icle in TIE Tn1nrsE last year. Their
LIS bsea no break at any timo in the rea1-estat'
na1ka:,-no real-esta:e panic, ~ some foolshi.
rreic.ed. That theso has been steady down
ward pressure on prices, Lo ono 1ho preteEdt
to DO well informed would deny. Through
out the vear. subufban and outsile properly has
toen very Inactive 1t VAS reported as unstable
81 the opening Of last .ear. but, although onl
columns from week 10 nsek have contained nu'
nerols t1Anefors. The trarssetioua will bear De
comparison with those Of former period, vhe1
speculation was rife, zad many Of tho enter.
prscs we're undertaken that hare hung heavy
tae iast twelve months 4 large proportion
how large it ls not cas-; to say-of tho traos-
fera tA,t swell tle records Of tho year have
been
KICaANoEs, oH TRADES,
made for fhe purpose Of shifting incumbered
propevtr from weak into strong hands. Ihis
has been, perhaps. the source Of greater activity
il. business than any other Class Of operations,
and 1t gives delcxivc total to the years. trans
fczs, since both eidea OF the trade aIs added
in.
Several Of the choiccet blocks in the business
Fart Of the city have changed hands, like tho
Kendall D!ocl. tne Hauley Block. the Dore
Block, the Ballard Blocl and othcrs. These
e.lcs a.tracted attention because mada atfsures
tia: we,o universally regarded as exceedingly
advantageous to the purchasers. Perhaps no
e.le attracted 60 much attention abroad III that
IL: spring Of Is. Soannon'a property, at Wa
.,:@A aycuuc and Congress street, and mono ce1-
tEElv erer gave ra>e to SO widespread mis.ppte-
l.c4;,on OF ihe value ct Chicago real estate.
rho fac. that this once valuable and
to-b.-sallable properly sold ut auction for
:iO3Oto, :: lccs than half the amount Of
tne ncunbsnnco upon it (e223, ,o0o), WAS 1c-
ccived with universal exclnmations Of the WORTH
lessncEs OF property in this city. It was seized
with asi1i:y bJ The newspapers Of Cincianati,
st. Louis, and other interior cities as the text
for enEcr demonstrations OF our distress. It is
net necessary to repeat here tho statement that
III: such Interpretation proceeds upon Ignorance
sf the fact that
Hr. scA..roxs r,tnARnAssxESrs
md mistakes of judgment in building we're the
..licl agents in this tia:co. Nr- Seemmon rebnlt
E.th TIC determination thht the business centre
6: the c.ty should bs placed .. Lis csrner On US
b3sa ayeouc and CocgrcsA street. The boslaesa
:eut-c III tact went 1::!iy half = mlfs north OF
that point, sud a:r. S:@raaaon waa ruined.
Among the mi:,or everts u the rast ynAr were
tie opening OF Genital Pa:k,-the middle one OF
tie est Side eys:e1n,-the extension Ut L.ucoln
Park, the failure of several auctlu2s,-notably
these Ut 14ake Forest aud ETaosten,-tle rise
atd fall Of tho Real Estate Exchange for the
.ccond OF third t::1s, ard tho chat.cl7pg OF =
Lo:s.c railway on II Wa.:e!a avenua.
iho 1u.st important event of the year in ito
ultimate c1e,t n1. tile ceiiny of the city aud tue
>-!ue of its real cstata }Waa the oucning Of ali-
Ia! communication between this city and Batti-
::c:o by tue baltimore & Ohio. 1's topic haa
l,ee. 20 frrelT treated i'll this column and else-
Nti.ie III The lEtEuSE tha: nothing bellde THIS
.cfe7Uico nsed aow be Eald.
I'll: WONDERFUL EXHIBIT
mcde br The IAluuSE on tho 1st INST. OF tho
recsrd OF trade ma:aufacturca, aud Industries It
T. i.c2 go for 1874 constitutes most powerful auc
III v:,,ch Chicago really rests. Although t.re
sna pAplc haze deal. henry blows against IT,,
Chicago s ai,le to show gain in orerT branch
II tyacc, and Only elsht decline 'n 1nanulGc-
::::e=, WHICH c.su hcra ha.e been prostra:o- in
r.*duto thcrc n1s j gain Ill ux1tsaciloi+s OF
81, o., 1lt sn inc.case Of 13$+ PER ceut. In
groceries, dr.-.ood*, aud al Other brau chcs OF
,.c: >aa.tle trade, tneIe WAS IN increase, in tho
R:@reEaic. Of 10 pei cent the total trade OF the
cay foo.s up So33 0C0 600. an increase OF X per
cant over 1873. Tho bauk c!eatings renew the
ri lo,f Of the same prosperity.
THE AMOUNT OF BUILDING
daring tho vcar lss been such Is to Astonlsh
ev. L thc-c NEST raug1iae Of tho fu.uKe. Al
t;vu:t Chicago spcrs mo!e IN le;2 aud 1878 Tor
Il: .a;na :.:a auS ot:er CITY Ut the world. there
": r. conttruc;cd last year 33.0C5 front feet ef
trca ami 5ro1.o buildings. or 6A miles Of 'front.'
:.:e. Itsa cost OF theao structures was between