, 1875-04-04
Chicago's Advantages as a
Trading-Point.
Better Realty Sold Here for Less
Money than Elsewhere.
Specimen Sales Of the Week.
House and Stora Rents.
The Prospects Of Bui'dlng---A Walk
Among the Architects.
A. Gradual improvement In the
Loan-l1arket

A. Gradual Improvement In the
Loan-11arket.
CHICAGO REALTY.
IT II IMPROVING IN EVERY DIRECTION.
There has been an improvement in every de-
partment Of the real estate market in the last
veek,-in building. in loans, in rents, and IN
sales. In fact the present situation contains
''the promise and p7tencY OF every form :. Of
activity. The Causes Ehich have been sedulously
pointed out in TEE TRIBUNE from week to week
are beginning to produce their inevitable result
in overcoming the stagnation that followed tho
panic How long 1t may be before we see again
the ha!cyon days OF 1868 and 1865. when you
conld buy one day certain Of selling 1t
profit the next, it is hard to tell
But that the pendulum Of prosperity has swung
past the lowest point Of depression, aud is now
creeping up tho arc, is assured The injurious
nesa Of panlcs is greatly overestimated. They
Ire the rude but serviceabie rebuffs given to
speculation overdone or seeking for profit IN
the wrong direction Panics do great good in
atresting this mlsdirectioa Of the energies OF the
industrial body. They compel redistribution
Of property. The bold operators Who planned
70 roll their wealth up to untold figures
IRE brought to halt, and they see their accu-
mulations slipping back into the hands Of smaller
men. Thoee who jumped into real estate just
before it broke and who have doundered in it
ever aimee, may not find it easy to beliere that
the parslysis which overlook all transactions in
landed property had any good results, bus those
who take wider view cannot doubt that such is
the case.
Thanks to tho economy and thrift which have
been widespread in the last two years. the care
fu] supervision Of mercantile credits. and the
reduction to the ran Ks Of inflated speculators Of
III kinds, the peopls generally find themselves
THOROUGHLY SOUND coSDI1oN.
The bounteousness Of the crops OF the West,
md the good prices which large part Of them
have brought. have made the country around
Chicago the richest district tributary to any COM
nercinl metropolis in America. When to this
ao add tie diversion Of the iobbing trade Of the
East to Chicago, which Is exciting growing aiarm
among the jobbe1s Of Boston, Philadelphia, and
New York. we have union Of causes Of the
highest significance. Il is precisely On such
basis that realty depends for it's Talue- The fu-
sure OF Chicago real estate to+lay has its firm
aasurauco Of prosperity in the causes euumetat-
ID
4 visit to the real-estste Offices OF the city win
discloee the practical connection Of these things
with the present snd the prospects OF Chicago
reel estate. The number Of buyers in the city
from the East and outaide points is
LARGER THAN IT HAS aEEE BEFORE
il two years. This city Is attracting to itself
business and professional men Of erery lind
who wish to take Advantage Of its future growth.
These men are in search Of property for resi-
acoces and business. They hare money and are
ready to buy, and the only reason why more nu-
u,crous Transactions are not made is that
lie faith Of Chicago real-estate own
ezs in their property will not permit them
to sell it 1t 4 reduction. The present asking
prices ara largely rejuced from the ante-paric
sarins, but for inside property the universal de-
casion ia that the bottom has besn reached and
passed. One OF the oldest and best-info1ned
laa-catate dealers OF this city has just returned
from visit to Baltimore, Washington, Philadel-
rhis, New York. and Boston. In each Of these
places he uaade it his business to test tho values
OF real estste. both in the residence and business
dstricts- Ha states, AZ the result OF his in
quiries, that --
CHICAGO REAL ESTATE 3 TEE cHEArEsT
in the country. Tho highest price paid for busi-
ness property in New York Was at the corner Of
Wall and Ero.d streets. where the Drexel Bros.
paid about e288 square foot. Tho highest
business property in Chicago has not been held
st more than e95 q square foo.- In the burnt
district Of Boston coudemnations have recently
been made where the land Has valued st q rate
equal to $1,000 or $12. 900 front foot. Suburb
m property in BALTIMORE and Boston il held 100
and 200 per cent above siznila" property hero At
- 1NAAo
men in all pa1ts OF the country are learning theze
fae:a, and ara coming to Chicago to profit BY
them.
The real-estate- de1lcrs, without exception, re-
port the market stronger. The
MOST IMPORTANT SALES
Ut tho week ere given below:
Nichols, Bragg d Co, have sold house on
Wabash avenue, between Eighteenth and THen-
tieth streets, for e16 900; s1x132 feet on Vernon
avenue south Of Douglas place, for IS, 100;
house and lot No. 40 Twenty-si1th street for
$1,000; house and lot No. 1855 Prairie avenue
So1 $6,050; 261l78 feet on Prairie Avenue, be-
tween Twensy-n1nth and Tnirtieth streets. for
5000; and house and lot At Riverside for
Cole, Newell l. Mosher hnro sold 1o0z145 feet,
With large building. on Milwaukee ayenue be-
tween Noblo and Division, for S42, 000 houEe
and lot, corner Hubbard and D;uer streets. for
$1,000; southwest corner Randolph and Sheldon
etreets, house and lot for ST, 600 lot on Adams
street, neAr Latin, for - ,375-
Benjamin r. Fridley has sold Edmund D.
TAYLOR the the premises no. sos Michigan avenue
for $40, 100.
Nelson Thomasson has sold 4 lots, With house,
dn South Park avenue, south Of FHky-sixtt
street, for $40. Goo.
". II. Watson has sold brick house and lot on
Fifty-fourth street for e3, 700.
J. q. Clybouru has sold 501171 feet On La-
Salle, south OF North avenue. It 3l60 per foot
Clinton d. Sheppard has sold the S+ II Lot II,
Bickerhke's Addition in %. 40, IA, for $40, COT.
". L. Derby has sold Block 7. and Lots to Q,
Block 4, Derby'a Addition to Chicago, for 547,-
G25.
Charles Henrotin has sold 100 feet On Calu-
met avenue, south OF Twenty-third street., Tor
$10cOG.
Fred Hacke1 has sold house and lot On A1chi-
gan avenue. south OF T"enty-drst street, for
e926o0
The sails recently mentioned Of tho Kendall
Building xas that OF an undivided half Of that
block. for which $150, 900 was paid.
J, &. Gould hss sold for L. II. Edwards, to 4. !