, 1877-12-30
REAL.ESTATE.

Large Amount Of Capital Invested In po1a
tnE Last fear.SIx nnl a Halt M1tcs ,t
stores and Houses In Eleven aIonthz-
| Great Dui1ness in tho Loan aIarket-s,a.:
men Sales of City and Suburban propertr
The activity OF building has been m cxcentfon
to the depression in all matters conuectco ,ri,h
real estate in the year now ending. The chc,n-
ness OF materials has stimulated The errct;on -,
stores and dwellings, and in every division ~
| the city large number OF new str,ct,,-o,
have been put up. The full record fo-
the year is not yet attainab1e. but
comparison may be made between
the eleven months OF 1871 and the same time ~
1s1O. IN the first eleven months OF the year
the number OF buildings erected in all diyisione
Of the city was l,3AS in 1877. and LABS in 1874.
the frontage was 80, ,S02 feet In 1o17 and 10 M
lcet IN 1876; the cost OF buildings and of new
Improvements Tor which permits were issued
was s6'513s00 in 1877, and S7,906, 400 in 1s7i
The stores and houses built in the past eleven
months OF this year would form an upbroken
straight line, without streets, Of about sir and y
half miles. The frontage added to the city last
year was larger, and was in its turn exceeded bv
the figures OF the year before. The improve,
ment OF olaree an of the city's surface. and
Tile Investment IN it OF so much canftal ora
facts which speaks volumes for the substantial,
growth OF tho city. Real estate Is Of ya,ne FIR
use, anu the figures We hare given show TINT
there is great and constant increase in rho
amount OF real estate in the CITY that il bejo-
brought into occupancy. The frotage Of Inst.
year Is equivalent to the addition Of sol< blocks
full On Tour sides, to the occupied surfnce nj
Chicago. This is equal to the square inclosel
between Randolph street. Jackson street, Wa
bash avcnue, and LaSalle street.
LOANS.
In tho real-estate loan market there is no
change The market has been sinking ali
through the year, and at the present time sym
pathizes with the state OF the land, which is too
weak to bear anything, whether in the shape Of
Jlpeds, loans, or investments. Loans are scarce,
.yeu renewals are not sought for, the imprcs-
zion obtaining that it is better to relieve the
mud from a slight part Of its
'ond hope Of recovery. There must be a re-
'iyal in some other departments before the land
interest experiences resurrection,
The aggregate amount OF business done the
'ast week was some $4,000 less than for the
'eeS ending Dec. p. Payments were exceed
ngly. GOOD, requiring, however, considerable
unning on the part OF agents to Justify Ibis
satisfactory statement.
The following were the important loans of
he past week:
Superior street, southeast corner of Cass
trcet, 10oxS0 feet, $1,000, three years at sper
INT.
Brown street, lis feet uorth of Twelfth street,
ast Trout, 23x1O0 feet; also 81 feet frontage on
wcItth street, northeast corner OF Brown
rect; also lot on Bunker street, 12o feet east
Halsted street, north front, llx119 feet, to.
:curc Sb.500 four Years at S per cent.
Robert Jarvis, Of st. Louis, has giren a trust
ael to Matthews covering +714 feet, east frunt,
] Clark street, between Washington and Sfadi-
N streets, to scc1re note of $35, coo, three
'ars ut per cent, payable ut the Boatmans
wings Bank, St. Louis.
Wabash avenue, southwest corner of Peck
urt, l20xl6516 feet; also the west u Of the
nthwest Il OF Block 1U, Snetiield's Addition
u 6,0oO, live years at per cent.
nPAlsAT1yE STATEMENT FOR THE wEEK ExD1so
%