, 1875-03-28

q j &*sfdHfsE5 a5sSf W1HE3
II ny Xs1 Z ,s =
30.hCRE TRACT.
demand for large lots for mercantile structures;
bat notwithstanding the temporary &lacxness
in that class Of buildings, it il not doubted out
tAnt thera will be large real-estats danaaetonS
Of tho kind during the season.
BUILDING. |
Tha axtension OF the fra limits eIerted last
wear. aud probably will this. decided effect npon
tho erection OF substantial Etores in portions Oh
tha city where hitherto only shabby fraude stluc-
tures have been built. It ia not lkoJ from envlous
reasons, that there will be very much building OF
heavy class in tho heart OF the city. nothing
beyond filling up few existing gaps on NAdl-
son, Warrington, and other streets; pat ~
u1aces' like the corner OF Western avenue and
Msdlson street west Of Ashland avenue, there is
quite demand for lots for tho erection OF
storos The rapidly-increasing population OF
that portion Of the city necesslsAtes the ossao-
lishnaeot in that quarter OF places where persons
can purchase goods Of any class which they ro-
qu1re without coming down town. Ana sa1no
thing is also true OF
LAKE STREET WEST OF ASHLAND AVENUE,
though not, perhaps, to the same e1tent. Ihere
will also be considerable demand on State street,
WITHIN the territory covered by the fire OF July.
Many of the poorer holders OF lots on that thor
ouuhfare find themselves destitute OF the tunds
wherewith to build brick or stone structures, ana
will, therefore, bs compelled to sell tnolr prop
ertY to persons who possess ths necessary
MEANS ,.. :.
Tho certainty and security Of rea1-estAto IN
vast1ueut in city Of such abundant energy zuo
progressive ylgor as -,
CHICAGO Is ATTRACTIVE TO CAPITAL
Altocether, the average OF opinion &nong the
,eaI. I.esfate men is to the effect that It good
weather holds on 1aud-slides may be e1pseeeu'-
the land sliding from on8 persons possess1on ~
another's, and leaving money behlnd" Ii tue
general revival of trade Whlcn promises aoou ~
ble contrast to the business stagnatlon that mas
prevai!ed since the panic OF 1878, real-eesate
onaratious will be stimulated, and muca
stronger market Will prevail than during the pSs-
cedluE season
WHY ZEAL ESTATE HAS BEEN DOWN.
70 tia Editor cf Tbs Chicago Tribune:
CH1c4ao, March 27.-In accounting Tor tne he-
nresaed condition of the real-estate market cur
ing tho long period now happily drawing to =
close. it becomes pertinent to inquire into sne
stranre conduct of the commercial and general
hns;naas-men OF the city itself. For period OF
six yea,s, ending with the panic OF 1873, it vas
cons;derad an evidence Of business 6aGacity to
1.va hecorne a purchaser OF real estate in Cht-
c,oo- All clasBes have Vied with each other In
| oynrassions OF belief in the wonderful promise
If the c;ty. The merchants vera ever in the
edvance. The panic came, and speedily city
+ of =. bulls" became transformed into cage OF
| uhe,re." until the vocation of real-estato
arent or dealer had become to be looked
unon rs ono In which liquid pro quo "
| amid scarcely figure. 4 few years
aoo. no delighted in the expressions
of confdepce IN our stability md promise that
csme in from every direction.-were fairly en-
| r,ntrrad with tho compliment from Cincinnati
that Chicago was but Il New York's suburb upon
! tba 1,ke6. f." md smiled at the showing OF st.
| 1onis that re we're but tho agents and factors
Of capitalists ut largo.
Wa wero very reasonably grasified with the
| ganaral confidence in Chicago thus lndscated'
md nronerly construed such confidence to ba an
a1arnent Of strength. How veil it proved such'
onr nronont recovery from the disaster OF the
oreat fra furnished sufficient demonstration,
While at that critical juncture all classes jolned
:, sympathy and aid in behalf Of the commercial
o}ament Of the city in their peculiarly crippled
condition. Yet now note tho change. Ihese
..ua commercial raen now wear fhe
longest faces, aud have become tn'
most invetezate "bears." Their business being
temporarily deranged, ''au 1s lost. 1ne y
princely profits OF other Gays ust ys % ~ nepu ~
viii, others tho general depression ~ prices
| ,ants roust come down to the lowest minimum.
Real estate must seek T. little lover 10. ON l!
/ sbould bo held as Of little value. FROM M tni,
so1nton Of tbs difficulty. As a result OF th''
reasoning theY are found exceedingly actlTe
Nor ara thew by any means modest Insy CHI
rata suear, measure tape, or feincotpo1nte
city. aud can demonstrate the Price OF !anu = =
inyar;ably following that OF linen. None o1
them haTo ~ vet bean applied to for = supefeo
deaa ia criminal action nor tor ooneiusls ~
onin;on as to how far true it Is tnas - Matte
canta;ns within itsaf tho power and potency o.
form OF life Yet i s1 Is nes wtbont 5G oo
! noged for q moment thas taey - "iso'os "a
| nnectstion OF such application.
PII~.on +l,A question Of real estate, lts Vauo
! ,d n-omisa. they aro 1t present particularly "a
gacous aud voluble, and there 18 no ess'nAtn N:l
~ t9e ~ csnital still como daily to this city 70
.a,,rnesas Of Investment They come from d
pasrtars and invariably report the e1lstence q
}3ard times in their respective locantles' uut ~
this c,tv. though affected in degree os AAe ~ Iou
tion Of thngs, 70. md si promiss They resol1
: n invest. find undoubted bargains; entet ~.
: rai;1,;ne-;es of purchase, incidentally s&ep IN
. e.s .oyna o1d acquaintance in business on otat,
Msdison. or South Water street. inad7ertens, Il
reveal ] The matter in contemplation and are a
founded It tEs aunouncenent tbat chiesso to-
estate had not ss yet touched th";r 1osso 5c,ne NJ
home WITH saf' them a to cahada, sev Ens,n,
, or New York. This has actually an
Tanestediv occurred, - believe any restesta1
agent OF dealer can attest. How this p1svan1H H
, conduct can be reconciled, seems puxz.e. !"
Ills iii CT city ' for tue purpose q buying eood
: should ts advised against diverting any OF IL
means {ror, such commodities to that OF reA !: e
!. tate, but for Chicago merchant TO aosse -
= = hs expended here only in the purchase q fe