, 1877-02-04
Increase Of Payments and Dimlnudon
Of New Indebtedness IN the
Loan Market.
The Demand for Money on Real Es'
tate Nut Pressing---One Loan
at 7 Per Cent.
Investment and Not Speculation the Char
actsristio Of the RealEstate
Market. =
Few Important Sales Last Week
--New SubdivislQas--Bul1o-
ing in January.

r,crc rras marked improvement the past
z,.a.t in the loan market, the transactions
amounting to nearly half million dollars. a
large r,roDortiun Of these were actual loans.
Tbn rate Of interest shows slight inclination
tn ADVANCE. Only one loan is noted at per
crnt. The majority OF loans, even where the
property is desirable, are not favored with any
fe7,rcs lower than S. Ihc demand for money On
real-estate mortgages is not much better than II
has been for some months, but som: Of the
apents arc restricting their operations, and are
busilv engaged in settling up their old business,
and calculating the profitableness Of their past
ventures. Hence some Of the heaviest 4oanaag
houses have virtually withdrawn from the mar
ket. which makes slight dearth in the amount
Of loanable funds 1t is also to be remarked
that there is more demand for money from the
mercantile community. These two facts CON-
inr toeetncr may account for the stittening IN
the rate Of interest in real estate investments
The monthly statement for January affords
most gratifying exhibit. New Indebtedness Is
dimininistins when compared with that con-
tracted in previous years, aud payments snow
large prepondeIauce over new loans. Is the
balance turned! Appearances give favorable
answer, and representations from those Who
ought to know warrant continuance OF this
symptom Of prosperity during the coming
months.
Real estate Is by no means dead. The trans
fers for January were LOSS in number. insolv-
ing Sc SIS 291. These were all voluntary, and
did not include any forced sales TIC average
amount Of each instrument, not quite s.. .500, IS
IN Indication that men in moderate clrcum-
stances are the principal purchasers. Inns 1act
and the advance in interest arc indications Of a
better feeling, and it is to be hoped, herald bet
Ter days.
The following important loans of the past
week indicate the state OF the market:
State street, Nos 357 and 359, northeast cor
ner OF harrison street, Aox13s1z feet, with build
ing, So, 600, five years at per cent
Dearborn avenue, . feet. east front, $50 feet
north Of Chicago avenue, Slu,o0o, five years at
8per cent
Empire Block, s45,0o0, five years at per cent
Clark street, % feet, east front, by y feet
{12 0o0, FIVE years at s per cent.
Dearborn avenue, northeast corner OF Maple
street, 2l1fxla2 feet, and l2s lots in the north
east Of Sec q, SO, 13 5000, three years at y
per cent
Lcaritt street, 700, FIVE years at per cent
Michigan avenue, 25 feet east front By III feet
north Of Thuty-hrst street, sl1,ooo fire years
at per cent
North Clark street, 20 feet east front by SO |
feet south Of Ohio street, $4,000, three years
at S per cent
Bryant Block, northeast corner Of Randolph !
and Dearborn streets, S12, 900 gold, four years
at per cent, subject to previous incumbrances
of over $780, 900.
Ewing street. northwest corner Of Beach
street, o301120 feet; also Canal street, west
front, l09x100 feet, northeast corner Of Forquer
street, so, 600; tive ycars at per cent
COMPARATIVE STATEMENT FOE THE WEEK ENDING
d.