, 1876-09-03


There Was scarcely any real change in the
real-estate market Of the city generally during
the past week. 2uyers and sellers seem to be
yet far apart In their views, and there is no i'm
mediate prospect Of change for the better. All
good property is held firmly, and In this regard
there is more hopeful feeling. The most con-
scrvative men agree that prices OF real estate
and business generally have touched bottom !;
but some still think they must
"DRAG ALONG on TIE BOTTOM
for some time to come. It is now three years
since the panic Of 1878 struck the country, or,
rather, it " i'll be in week or two,-and past er-
pericnce shows this to be about the limit Of stng
nation after panic Heretofore the country
has begun gradually to recover its wonted
activity after that time; but in some cases,
notably after the crash Of 1887. the recovery was
slow, running through several years before a
good degree Of activity was infused into all the
departments Of trade The vast change which
has leen made in the last thirty years in
cur means OF transit and in gathering news
daily from all parts Of the world ip regard to
the condition and tue course of the markets
will undoubtedly have marked effect in
RESTORING CONFIDENCE
and inauSurating a new era Of prosperity and
rrogr-ss. It's coming in business circles all
over the country is plainly manifest, and that
it will reach rcalestate values before many
months have passed is confidently believed by
all classes Of operators.
TIE NEW FIRMS.
The addition OF two heavy firms from New
York-and still another hereafter noticcd-to
the johbing trade Of the city, and the certainty
thar many Others must soon come, continues
TO be the topic OF conversation In Chicago bl1s!-
hess circles. This recognition Of the command
ing commercial position OF our city has had
1uust favorable effect all over the country The
New Workers use all the philosophy they can
command in regard to it, and treat it in a mat
tcr-oftourse kind of way, and try to make
themselves believe that this removal to the Gen.
t'a} cry OF the continent cannot seriously affect
their trade one way or the other. The Buuain.
the shrcwdest journal in that city, in an article
upon the subject, says:
Markets naturally move towards the consumers.
especially when the distances separating them are
FL great to involve an important sacrifice Of time
and expense in intercourse between the buyers and
the sellers. A local market has the advantage of
atio1ding the retai1e-e frequent opportunities Ct
making personal selections Of stock. which it much
preferable to ordering from distant market 10
buysn9 even from travellers samples And the
jobber who is situated near to his customers has
very important advantage in scTutinizng his credits
and in making his collections over one who is sep
aratcd from them by several hundreds Of miles
Advantages OF this character make it inevitable
that cities situated Re, for instance, Chicago is
should become centres for distribution to the retal
during the period when such cities are acquiring
that position there should be gradual transfer Of
the jotbing trade from older and remote centres of
business.
In another article it adds that it will increase
competition and draw more tradt to the city,
.So;ne Of the smaller Western merchants II"
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