, 1876-07-30

Ills 0ttHH@ CdHt 4t0flt{Ite.
BOSWELL.
THE CHICAGO MARKET.
SOME CASH OFFERS THAT WERE NOT ACCEPTED
The sales that were not made last week In tht
real-estate market will throw as much light OF
its situation us the usual weekly review Of those
that were consummated As We said in oul
article OF last Sunday, there Is large amount
of foreign" cash capital in the city seeking
Investment. From some of the numerous in.
stances tint might be given Of the offers this
capital has made for Chicago property We give
the following:
For the Quinlan Block, on the corner of Clark
street and the alley, Il by $50 feet S14o, 900
cash was offered aud refused; the price asked
was $150,0o0.
For the Dearborn Block, 50 by 10 on Dear
born street, and 10 by 60 on Madison street, the
building occupying an L-shaped lot, Sl20,o00
cash was offered. The offer was not accepted,
the owner holding to his figure, S130, 600.
For the building on Dearborn street, adioin-
ing the northeast corner Of Madison aud Dear
born street, ~ by 80 feet, SIT, 600 cash was Of
fered, and refused because it was not S50,000.
For an undivided third Of the Hale Block, at
the southeast corner Of Washington and State
streets, 100x90 feet 500 600 cash was offered and
refused.
These facts show already the state OF the mar
kct fur improved real estate in the business part
of the city. 1t is in demand. Capital is in
search OF sucA Investments, hut holders and
buyers arc not so near that they can como to-
gcther. To explain the situation OF capital. it is
unly necessary to mention that Of $500, ,00O
which is seeking Investment here, S25O, coo
ID now making no interest and the other halt IS
getting only : per cent per annt1m. When idle
capital accumulates that 1t draws no Interest,",
or only 2 per cent, It is evidently time for its
possessor to seek some investment. All over
the country capital is beginning to grow restless
at the want Of employment for it. 1t will, it is
safe to say, prefer reai-estatc Investments to
most others, us the former nre steadicr and
safer, aud therefore it is reasonable to expect
that our improved business property has about
reached the harlpan Of prices.
THE PRINCIPAL SALES OF THE WEEK
we're as follows:
Henry L. Hill sold l1o feet on Calumet avenue
north Of Twentieth strcet, for Fernando Jones to
Judge John D. Cation, for S25,' 'OO0-all cash.
West Chicago Land Company sold two lots on
Park avenue, near Forty-second street, at $3.50
DAWSON & Wech sold 47x10O feet on Grow
street, near Fifteenth, for s., 2o0 and 23 feet
On Indiana avenue, near TArt;eth street, for
G. G. Lay sold house and lot on Park avenue, 10
feet east Of Lcavitt street, for $40, COO:
avenue, south Of Thirty fifth street, for SIG 600.
Joseph II. Leonard purchased 70s10o feet on the
northeast corner of Michigan and Market streets,
VI 8. shute sold house and lot on South Park
aayeenness north of Thizty-sevcnth street, for
~ ~ + ucapey sold 5ox5o feet on uarrison street.
west Ut Canal street, and As acres in the northwest
u of the west X Of 10, %, Il. for SO. o0o;
James Fitzgerald sold 50x11s feet on De Puyster
street. west Of Desplaines street, with building,
The Chicago Land Company sold to the Mcr-
chants Savings, Loan &; Trust Company 383x:40
rN$ Ia9ut
and 1ees street, running back to Canal street, for
S57, $50:
AUCTION SALES.
The auction sale of boulevard property was
failure as regards the prices obtained. To those
unfamiliar with the matter, 1t Is only fair to
explain that the property vas incumbered, and
the sale equivalent to forced sale. The c1-
pertinent OF disposing Of real estate in this mar
kct By auction has Often been tried, and never
Messrs. ". A. Buffers & Co. sold at auction
on Monday morning, at their salesrooms, two
lots, Nos. 81 and 6S, east front on South Park
Boulevard, between Thirty-sevcnth and Thirty
Metzger; four lots, Nos. g. 81, Is, and 66, ad-
joining above, at 81, ,675 eacb, to Ar. ]. N. Cage
two lots, Nos. 81 and e., same front, at S1,T5
each, to Mr.. J. II. Thompson; six lots on For
rest avenue, (west front )between Thirty-seyenth
$. Gage; also, fine dwelling and lot Qo0 feet
front,) on South Park Boulevard, corner Thirty
eighth street, for sl7,250.
SATURDAYS TRANSFERS.
The following instruments were filed for
record Saturday, July %:
CIT PROPERTY.
Ogden az, n y COZ Of Taylor st, Lots 81 and
osden | date? a1 s Maffh Il Twelfth st. of
5o174x54 It, dated July q: 4.:..:....:...:. 200
The premises No. 3s Finnellst, dated July
South M dearborn st. s37 IT of thirty
st c I, 2i1l23 II, dated Jnly 26.;; :...:. $500
217-1ox10o it. with otherproperty, dated - o.o
West Monroe 1T. n e cor Of spauidingav,
ST, 5ox1o3 IT, with other property, dated nm
North Wells st, LII It Of Engcnis st. vi, ~
Ontario st, bet North State and Dearborn,
nqatf, 21Hx1oo it, With building, dated r. zoo
West twelfth It, l8o It " Of Jefferson, II, 0
2ox173 It with buildings, dated July ~. $500 |
a1dsiaed Ct 1880 IT. dated May
West Van Buren, st, Of and near Sacra-
mcnto st, ST. 93tx1o5 it, dated July 21 5000 |
NORTH CITY LIMITS, WITHIN RADIUS OF SEVEN |
MILES OF THE COURTHOUSE. /
Southport ay, cor Of DjEersy st, IL
100 acres, dated July 26.................S 1000 |
SOUTH OF CITY LIMITS, wITuiS RADIUS OF SEVEN |
MILES OF TIE COURTHOUSE.
Sec. 4, 38, II, dated July e7........,.:.S 2, 200
SUMMARY OF TRANSFERS FOR THE WEEK.
transfers within radius OF Z miles OF |
he Courthouse. filed for record during the
week ending Saturday, July 20: City sales, q:
consideration, 1895, $40; north Of city limits,
;alcs, 2; consideration, $4,000; south Of city
limits, sales, 6; consideration, s1S,750. Total
;alcs, IS; total consideration, S427, $3.50.
THE LOAN MARKET.
The past week has been very uneventfu]. Nu- !
nerous small loans have been negotiated at
he usual rates, but there has been a marked
alling off in loans Of $4,000 and upwards. The
lemand is fair, but securities arc subject to
everc scrutiny. The opinions Of owners and
oan agents are wide apart as to the value of
and hence many promising negotia- |
ions fall through. The only important loans
vcre; One hundred feet cast front on Indiana
venue, southwest corner Of ofTwenty-frst street, |
;32, 900 five years at II per cent. Sixty by Isl
cct on West Washington street, between Dcs-
,laines and Union streets, SO, 600 five years at
per cent.
COMPARATIVE STATEMENT FOR TIE WEEK ENDING |
JULY 20.
1876. Il l875.
No. c'stderat'n|| No. Csiderat'n
rust -deeds| It's 325, LASH 214iS COG, ,303 |
fortgages.. 21 81, 020H col 127, 637 /
lggregate.. 2o1|S 382, 168|F 243!S 733, 800