, 1875-09-05
Chicago Is in the Centre Of a Pros
porous Population.
Some Of the Principal Sales and
Trades Of the Week.
The Loan Market Quiet---Less Borrow
ing by Builders:
What TO Do with the Burnt District
Western Avenue Improve
menB.


THE MARKET.
WIT IT is QUIET.
,ha rea1.estste market Of this city IL In I
recul;ar condition. This was shown by the re-
sult OF the auction sale Of last Wednesday
Previous aucrions this year had not been eCc
cess but better things we're hoped Of this. The
nronertv offered WIS desirable well located, anC
the owners were not under any necessity oi
sscriacips it. The attendance was large, bul
the sale was a failure. Those present seemed
to have come with the purpose Of buying only
fer one-third or ope-half the value OF tbs
land. Two or three lots were put up to test
the bidders, and their intentions not coinciding
With the views of the sellers, the auction vas
brought to an end. The renl estate ageuts give
Us an explanation Of ths fact that many OF the
negotiations opened come to naught, that sellers
refuse to make CONCESSIONS Owners are firm
in the belief that the future holds Large profits
for them. and will not yield anything to put bar
gains into the hands of men who are watching
for windfalls. Persons wishing to purchase
ground for the erection Of homes or stores are
met With demand for higher prices than
before the panic in almost all the
desirable localities. This SURPRISES them,
but it ia the result Of careful cal
culation On the part OF owners. They see that
the business, the manufacturing interests and
the population Of Chicago are rapidly increasing.
The demand for houses is proof Of thla The
etimulus that building shows Is another evidence
OF it. There are no statistics OF the growth Of
population, but there are evidences OF it, like
those givenabove, Tie situation Of Chicago il
very different from those Of ths other leading
cities of the country. 1t is easE to see that New
York. and the Eastern cities generally. stand
poSpulssion. 1sS ~ must fall behind farther
and recover more slowly than Chicago
in the centre Of a prosperous and well-renune~
rated agricultural population. There is not get
enough surplus profit in the retail trade of Chi
cago and the various employments of labor
here to renew the nte-panic brlskness of opera
tons IN cbesp lots This accounts for tho qEiet
Of the suburban trade and TINT near tho city
limits. The wall-founded confidence Of our ettl-
zens in the near Prosperity Of the future ac-
counts for the disappointment Of those who want
to nick up houses aud lands for less than they
are worth There is all this time steady in
vestmentin Chicago real estate By capitalists The
8hrewdeet OF them recognize the fsct that this
is most favorable time to purchase. The
President OF ono Of our leading financial in'ti-
tutious said the other day, II have been !1uy-ng
Chicago real estate for twenty years. hare
handled in that time more than million dollars
time seen better time to buy real estate in this
city than now.
SALES OF THE WEEK.
J. C. McCord Co. have purchased 225 feet
On the southeast corner OF Wabash avenue Rnd
Thirty-fou1th street for SITS foot. They have
begun on this ground the erection Of eleven
marble front three-story houses. to cost from
DC. 900 to Of. 500 each.
Josiah Il. Goodrich has purchased of Homer
Potwin seven lots On TAYLOR and Latin streets,
A. s-$A -k d. n% f.
the total consideration WIS 714, 500. Mr. Good
rich has commenced the erection OF three stores
On the. Taylor street lots, and four two-story
aud basement brick houses On the four lots on
Latin street. - .
Cspt William H. Mann. OF Gilman, ths four
story and basement brick building 1888 Nashipg-
ton street, for SEQ, 900.
Bash d Potter have sold three two-story and
basement brick houses On yincennes avenue,
he1Eeen IT Thi1ty-e'ghth and Th'Fty-ninth streets
Two three-story houses oneJobnson place. be-
tween Thirty-elghth aud Thirty-ninsh streets,
for &i7, coo.
One lot on hoger street, for $1,000.
4: Forty lots at South Englewood for 81, 900.
Il. G. Morev and Nichols, Bragg d Co. bave
sold to E. ". Blinn, Of Manchester, England 135
feet on South Park boulevard, 232 feet south u
ThirtY-seventh street, running through to Yer
non avenue, for $4,000.
4.
House property OF Albert E. Goodrich on pri-
vate terms; the sale embraces the furniture,
good will, and all the appurtensnces of the es-
The house is six-story one, 120x
184 feet in dimeusiou. Tho sale was for part |
cash. The building WAs erected in 1872 at cost |
with furniture Of : fraction less than $500 600 !
By F. B. Gardner, after whom It Was named. |
Mr. Gaubert will conduct it himself.
Fl. ]. Goodrich sold 40 acres, being the north |
vest 4 southwest Il Of Sec. 36, 81. II, to |
- 0fn:L
Matson Hill sold house and 50 feet on the |
corner Of Garibaldi and Twenty ninth streets
Tor $12 600 also 80 acres in the east II north
rest x Of Sec z, sc, Is, foz s12, 600.
The West Chicago Land Company has sold two |
ots for 81. 100. one lot for s1, 600, and one lot
lor $3.50. al On Vest Lake street, near the car-
shops
j. B. Goodman l. Co.have sold 1oox514 feet on
Cfansit avenue, west Of Stock Yards, for I'll, ,500
Ill cash down.
Nichols, Bragg l. Co. sold 60 feot On State
'treet, corner OF Eldridge court, for $4,000.
Big 600 cash; $50 feet on Indiana avenue, be-
ween Forty-ffth and Fo1ty-sixth streets. for |
b, 600. all cash 100 feet on Indiana avenue,
'orner OF Forty-ninth street, for $4,000, al
ash: 81 scres in City Of DesMoines, L., for
,, ,975; $40 acres in Monona County, Ia.. for
=, ,875 farm Of 24D acres in Madison County,
H., for q, 400. ali cash.
PUnCHAaE or An OHIO QUARRY.
Pro1. James Cherry, the geoloelst, Of Chicago,
|
his State, has just purchased 1900 acres OF
and in Scioto County, Ohio, IN the immediate |
icinity Of Buena Visits, on the Ohio River, and
duellat's extensive stone quar1ies. Prof. Cher
- purchase contains. throughout its entire e1-
ent, 4 superior deposit OF the stone ueed in the
rails Of the Custom House, Chamber Of Com
aerce. LaSalle and Major Blocks, aud other
representative buildings Of Chicago, and also
n extensive and valuable stratum Of Brown |
sndstone which is nou quar.1ed and shipped to
-sw York City for building purposes Prof.
;herry made the purchase only after careful
cienhhc Investigation into the qualities of the
,sone as superior building material, and from
heee tests he has established the fact that the 1
t>aenA Vista st1atuzn (the Costem-House stonel /
Nhen cnlled with the same care and no greater {
= .aete than in the Illinois marble ara77ies md /
Aa.oe granite quar1ies, is capable Of standing
ttsasase chAnR6A Of temperature and conditions ,
p N, exposure without deterioraton in quality or
ntos. Frof. Cherry proposes, with : number Of I
s;a saeago CAPITALISTS, to operate the qua11ies On
84rURpAYB rRAKsFEna
s,tSs ao'ooW1ng Instruments wers nled for eeoord
x..Ae, c1T PROPERTY, =
N95u ~, ota1e - st. 1s'% n of Schiller It. oxwx
t1.1*A Il Gifted AuR4 R4J1.--.-...--.,,.e 81. Z 4 1xn
oe'o y = 81 I, = Of North Issalle st, n /, m1loo