, 1876-02-13


works At South Chicago, and last week let the
contracts for the necessary machinery, furnaces,
brickwcrk etc. The Company also intend to
erect nail-mi1l on their land, and Tail-mill is
also on their programme. The Company are
conducting their enterprise under
PECULIARLY FAVORABLE CONDITIONS
as to situation and the cost Of material and
labor, and their plans cover the erection of the
most complete establishment in the West for the
manufacture Of all forms Of merchant iron.
Such an enterprise Is not only private. bnt q
public benefit. and will be not inconsiderable
element in the prosperity Of Chicago and the
West. 4 project Of hardly less importance ia the
establishment Of an elevator at South Chicago
where the ye1atious charges made III the city,
and often exposed by TIE TRIBUNE, may be
avoided, and the business that is
NOW LEAVING CHICAGO
for competing points may be retained It would
be difficult to find point better fitted in many
respects for sucl, business than South Chicago.
BUILDING PERMITS.
This following permits have been Issued by
Dui!ding-lnBpector Bailey since Feb. l.:
C1rra Bets. onestory, 1924, on Calumet avenue.
I. C. Boyd four-ssory, stone front, 2ox4:, Ohio
Egbert / Marshal, tvostory, 25154, 21s Division
street.
J. Gunzenbausen, two story, 14,h1so, 1871 Ontario
Jacob Armstrong one-story, 231os, 915 West Madi-
r. Hopkins, .wo-story, 21xss, ss2 May street.
1o3 West Monroe street.
John lotherays, oneatory, 2o12c, 1Is Barbour
street.
s-rih Lieb. two-story, 2s14e, 63e North Lasalle.
L. Stenhous th7ee-story, os1So l73 Fourth avenue.
BUILDING IN NEW YORK.
The last snnua! report Of the Department Of
Building Of New York says:
Twenty thousand kix hundred and seven new build
and IL 8iterEtioEB having been thA
the last thirteen years, comprising the most costly aud
ornamental structures in the city, and s architectural
appearance has been materially altered and enhanced
by these continued transformations Tho old land
marks annually removed and replaced BY evidences
the New York Hospital property, and oshers. The
magnificent blocks Of stores on Church street, and
colossal warehouses street and Broad
occupied by the qu:int dwellings, Of the last
century. Such buildings as the Equitable, Mu~
tn. aad rI Nsx fofE LIE Insurance I'm e
ern Union Telegraph, Delaware & Hudson Canal
Company, etc, replace the time-worn barracks and
that business " follows in the wake Of fashion." IN
the progress Of cities, and the axiom not dsproved
altogether by the facts in tho history Of Sew York
wealth until the increasing demands Of commerce an-
nua11y crowded them further up town. yet the genius
Of progress has proved somewhat capricious in her
march northwzrd. For example, referring to tho
building record during the last decade. it will be per
ceired that the most costly and extensive building in
proycn,ents stores, Offices, warehouses;, mud tho
like, have bean chiefly cont1ned to that district
lying, SAY, between William street and tho
eas. Of Bro.dsay. % extending ''t1r rom Futon Futon
street to Harlem River. the improvements have been
chiefly second and third class dwellings and stores,
while the finer class OF structures as ratass dwell
ings hoteE. theatres etc have preferred the line Of
Broadway, say from Fourth TO Sixth avenue and c1-
tending from Fourteenth street north That portion
Of the city situate west Of Fifth avenue, and Four
tecnth and Fnyninth Streets is occupied by inferior
stores and dwellings, While nor.h Of Fifty-nlnth
street and west Of Eighth aye1uc the land remains
improved, although. as results Of the completion Of
the expensive boulevnrdB. consequent speculative
terprisa and high a1es, the oa are held 1t very ad
yapced rates. The want OF Improvement is said to be
rzrd means Of transit snd THAR disproporttonatey
high prices explained by the prospective hops Of their
innediate appreciation vhen such means shall bs sup
Piled.
BUSINESS PROPERTY IN NEW roRE.
Mr. Charles Matthews. owner of q very large
amount OF busines, property in the lower part
Ct the city, was 1pterrogated and Was very en-
phatic in giving his opinion that on the whole
property was rs good today as it had been ut
anr time. Business property below Madison
Square was paving ns we'll as ever There we're
isolated examples OF unlucky bits OF property or
sections under some special objection holding
down the prlcss, but the rule was good enough
to be- called q general one. Rents on the Hos
pits: property, so-called. lying west Of Broad
wav, between Worth and Duane streets, in the
drT goods district, are not failing III the least.
The present etriugeDoy in business, Mr. Mat
thews thinks is abous over, and before year ls
ont those who have gone out OF trade will return
and those now in will enlarge their business
Commerce must go on and somebody must carry
it on, and what vacant places there may nov be
found will be filled BY old or new firms. There
has been. he confined, vast amount OF s'spec-
ulative property" So called, which has fallen of
in osteosible values and is not quoted as high as
in times past, but to Judge the older business