, 1876-04-16
The Market Depressed by the
Municipal D1a1adminis-
tration.
Dat Few Sales Reported, and Not Many
Inquiries for Property.
Loans On Real Estate at Per Cent
Auction Sales---Miscellane

EAD KFFEc1 OF POLITICS ON TEE MARKET.
Bales were light last week. Some transactions
Were contaminated that hare been in negotih-
ion for Some time. bus the number OF neV in
quiries Nas limited. The weather has not yet
become sufficiently settled to allow the subur-
ban trade to opeu IN its full vigor. The intense
political excitement in the city has bad de-
pressing effect on ali business. including resi-
estate, in the came Way that the PresldentlA
turore has often been seen to bring duh t1mca
Apparently. the eastern capitalist y who Il LIS
10 large field in the vision OF the local real-es-
late dealer has been little alarmed by the tn
mutt in municipal politics. Investments IN Chi
>ago property seem less desirable, when TAXA
zion is to bo lsried BY tho men for the purposes
md At the rates indicated by recent events Tax
xtion becomes condscatson when assessed and
levied by men who seize then ol1ces
by fraud. The political bearings OF
the recent ususpation at ths South Town elec-
tion are far less po-tensous thau its certain
effects on tho business and property OF the city.
These cannot but DO unfavorable IN the highest
degree. We do not believe they will be pcrna-
nent or arrest longer than temporarily the
growth Of the city. but for all that the real
estate market has been hart BY the political
events Of tie last tro weeks. and the revival
hoped for has been deferred. PropertJ-owners
End themselves nothing botter than unpaid
trustees to transfer the receipts from their
houses and stores over to the tax-gstherer.
THE PRINCIPAL SALES OF THE WEEK WE'RE:
We'll Sherman have sold a71lso feet On East
Washington street. between Wells and Franklin street,
for S24.Uo9: and l4Q5 Wabash Arenue. e51tsl, two
story and basement stone front house fos s1oovo: IS
1sop streets for $4,SG0; 511S1 feet Michigan
between Twcntyeishth and Twenty-u'nth streets,
for $3.50 cash: lot OH Fosy-sercnth street, 251l,
between Wentworth avenue and Atlantic avenue, for
Il E. Weaver Co. have sold two-story and base
znent brick houAe Forrest avenue for s. ,oo3: TWO.
sury aud English basement ms1be front. No: s.
Looinis street, S, sou; Myrtle street, near Taylor
street, cottage End lot s2ooo; lot at MontIose Saso
Langley avenue, near For1y-second street, twoAtosy
sud basement house. H 500; lot Adams street, cast
of C&upbeil Avenue. s., ,2do.
Of Wells and Washington streets for SO 600
eaAh. The building is so1co aud iour stories high.
Young Eo"leJ have sosd ~ 1e's In Llaaea ofoVa
Subdivision, Ecglewood. Tor S3.ll5
JC Birdseye has sold to Fred Aver the n E. r OF
II n + aud the N. u Of tho n. F. 4 al Sec t5' 81.
Il, for Sll6.000
e sas's. 6 Indians avenue enc 1"fn'A' ''+'s' ''6
J. n sec4tst h.s sold premises At northeast corner
Morgan and Polk streets for $4,000.
Charles Day sold 20Jxl95 leet On Louisa st1tet,
ORTIZ Of Thirty-nfth street, for sl:,Goa.
J. G. Collins has purchased housa and lot on Vim
.nncs .venue, souin Of Thirty-eighth street, for
r n. Chapman has told 100 feet on Lincoln avennc,
e4e Orchard street, for SIG 900; lUo fest Orchard
nd lot Of Subdivision IN 4 E. < of S " x of SEC.
Wiliiam + Richmond has sold BLOCH e and six lots
Block a. Riverside, for $4,000.
Eoee SHEPPARD hss ne 'o ao e..
Wells, for cash and will erect there At once
business building, rhtch he has already contracted
eEnrBHAS rrAysFEAs