, 1876-01-16

M11SCEt LkNEOUS.
CENTRAL pAnK BOULEVARD PROPERTY.
4 meeting OF owners OF property in the peigh-
borhood Of Central Park boulevard was held ycs-
terday ut Room II Marina Dlilling, to form an
association to secure appropriations for impzo;e-
meuts. and otherwise advance their interests.
About fifty proprietors vera prcs:ut n person
or by agent, representing the Ioz:h half OF
Sec. II. Addresses were made, showing thst
while this property hal been paying heavy taxes
for years, not dollar had been appropriated to
its improvement tv tile city, aud that united
effort WAS necessary to socuro proper attontIon
to it's interests. All association to carry ont tho
plans Of ths owners was formed, and COM
nlittoe appointed to se.:Grc additional members
and prepare plans Of acA5n.
NORTH SHE IMPROVEMENTS.
The, coming building season will bring fort,
sone very tine iulpi iovcn.ents in the different
divisions Of the city. The number Of tisst-cl.ss
new residences to bo put up is particularly large
on the North Side. The freedom from the
smoke aad stencil n'lisances and the tine class OF
people thar Asve settled Gu Dearboru, nusL La
Sale, and the other chief streets Give the North
Division great attractions asa residence quarter.
Several fine private houses are to DO built On
Rush street in the spring, and Cyrus II. lcCor-
mick. Judge Skinner leander Mccormick, 31r.
Willing, aud Mrs. Ne"berry are mentioned
among those who will build there
ALLEGED SHARP PRACTICE.
Tho Real Estate ard Building journal gives
the history OF c transfer OF an important pieco
OF school property that renders it necessary for
the parties named to rise and explain vigorously
why they should not bo ciassed with thieves and
swinders- The Journals stcry is:
That the School Commissioners owned mp to abo:.
tWo ycars ago l9l acres Of land,-tat south laf Of
sec- II, 81, H. At this time Mr. B. F. Human, man
not unknown to the Chicago rial estate fraternity
having marvellous talent for obtaining good indotsers
his personal notes, made ov-rtures to ths School
Commissioners TO purchase the tract. and through
Eees Pierce L. Co., the authorized agents, ELECTED tie
purchase of 131 at 0 per acre. paying onefousth
CASH 4 short time afterwards. he mt, either from
preconccred arrangement otherwise, with b.. z. T.
Stevens, youthful and in1loceutlonking young man,
who also had become pretty well known to the trade
here through thu yenturesoe spirit he 1nanif and
through s!xt appeared to he marked business abinty
for one 80 young. Hnlnan found no difficulty in per
sadiua {:) the youth that the laud wor.i 81 900
rer acre. though be had recently bonght it for SO per
acre. He also easily persuaded him that hc owncd
2t acres. instead Of I31 aud his glowing prophecies
Of the future induced the young un 10 buy it, giving
his notes for s!.0.uoo for the property. The terms
horn, to one oi which cass no ono VIII doubt Mr E
r. S. belongs. The youth, it seens did not stand up
details, and therefore, we can believe his State
meut. did not ask for abs.ract--t1id not even
ascertain if Mr. i. i. II. Owned what he
was selling. Ne Nent On md subliridea tho entire
a40 acr.s and WIS about 10 offer it narkct when he
suddenly discovered that C.1ace i Abel owned ~
acres Of it, and therenpon indignantly refused to put
his plat OF record until orerrd to do so BY Judge
Dodeett who also ordered lin to explain tha mis-
take (s} in the deeds. By the way, there deeds had
The consideration acre marked at l.oo an were
recorded; so1 per acre would be large price tor
this property. AL this would have Left the community
harmless If the notes Of Mr. Stevens had been unue
.otiabie, but it appears that this Cincinnati Land
r1nss a c ms yaefyes
Stevens for payment. They. o1 course. vera not
available in Chiso where everybody knows tnat the
youth Stevens is irresponsible. lie h1S been driven
n into bankruptcy.
nEAI ESTATE IN san FRANCISCO.
The San Francisco Reat Estate Record Sums
up the reaI-cstate maraet Of tLat city for 1675
as follows:
Th.t real estate was lively in 1877 taking the year as
whole fully shown by the fact tbs: while hut (, III
sales OF tile value Of 81 75, made in 1s73
and J654. Of the value OF SIS s01, in 1874. there
Of S35 This increase over 1874 Of G5I
III number, aad Of sl1 .3'5, III in value.
Tie yaar 1875 peculiar one il respect to real.
estate operations. During tie first four months real
estate Of ali kinds but purtcuary large business and
priyate-rtsidence properties, iii rnoet active de-
Those were the months IN which the mining cx-
element ragged. The majority OF those who made
money in ii invested largely n real cstste. During
added to the ve Of the sales by transfers from the
late William c. laiste1 to William Sharon and by
other transfers ros7ns ont OF the faars OF th- h4ns
then made the savings banks OF the city and great
financial distrust and srusency followed aud has ton
greater less extent, continued ever None nf
the savings haas 1--we granted loans for four months,
except in few SPECIAL cascs. Zeal estate I'll through
thus dist,st and sringenty has held its own in way
that nost gratifying; but OF courfe the volume Of
sales been greatly reduced, tie un1,ser made each
month siuce the first Of September having fallen of
shout 80 per cent. This faling of has leen caused by
q reduction IN tie number Of large buyers Business
men have had need Of ready norey in their busnt
to an uursual extent since the failure Of the Bank Of
Casjforn14; and, If this hid not been so usuriou
rates Ut interest obtan2be for it. Mining stocEs
too--in which eourmous sum5 Of money invest
ed have betn selling 1T !h.uic prices for four
months. Many, therefore, have tee1 tempted to risk
their money in etocks, while those ho bought at tie
high prices Of early Spring waiting to get even.
Ali Of these have Kept money OF real estate
and made sales dull but the chief Of that dull
Hess due to the saviugs-eanks not granting any
loans to speak and by hcic most iadyised step Of
raising the rate Of interest from to ll2 per cent
Oh ,natnred loans.
The year closes with sales dull but With prices un-
usually firm. ANY sign If shlding of prices Is Cor |
large residence properties aud for second-c1ass busi
ness properties which either vacant nearly
productive, owing the existence Of old improvements
IN them.
NEW TORE REAL ESTATE FOR 1875. |
The aggregate eales OF real estate in New |
York last year amounted to 1921, Ok, 03t. In |
chicarn the total Tas :53 0G0 DC0