, 1880-09-26
Investors Waiting for the
!, Presidential Election.
A Big Boom Sure if Garfield
Is Successful.
The Sales Few-Holders Firm
Building improvements.
Sill Further Discussion OF the
Street Pavement Question.

The market for real estate exhibits 10 special
features different from our last weeks report,
The sales are mostly Of small, cheap parcels,
There Is much inquiry. and even some foreign
buyers have been noticed tn the market; but so
far as we have heard there are no speculative
dealings or purchases Of considerable blocks Of
property ut improving prices These must wait
ti1 the financial policy Of the Government be-
comes settled for the next four years. We have
heard off several trades declared ofr-notably
one for 500 t000-til " We hear from the polls in
November" Stocks, too, are tumhling, and real
estate and all investment values are unsteady
and doubtful These facts are exactly as we
find them. THE TRIBUNE is no croaker. 1t be-
Ueves firmly that the people will not hand over
the vast interests Of this country to the
men who fought with tiendish desperation and
ccaseless inaliguity for four years to destroy it.
The bare possibility that such calamity will
befal1 the Nation is what causes the feverish
condition in investment values. This uncer-
taioty cannot last beyond the next four weeks.
Till then holders and investors will wait for
whatever Developments are in store for us
A walk among the real-estate men shows no
change to speak Of from the situation last week.
It has not been week Of activity, 50 far as many
large sales are concerned, but there has been 8
great deal Of inquiry and many millions Of dollars
are waiting to come into Chicago to pay for
property, but the would-be purchasers and OWL
crs are wide apart in many instances. Property
owners are inclined to think that the tide is still
upward In its tendency. There are several
large transactions nearly closed, but there have
ret been no papers made, and as no actual sale
has yet been consummated the agents decline to
make terms md locations public E. S. Dreyer
l. Co. have applications for tbs investment here
:ot nearly $s,0M,0oo in real estate- The
capitalists are from California, and are
anxious to get in On Chicago prop
can't come together. The same t3rm are likely
{ to close transaction amounting to about $780,
Uu0 this week. comprising piece Of property on
the North Side, untmproved, east Of Clark street
parties were $4,000 apart. but they hoped to
split the difference. and the transfer will no
doubt be made. Whateversa have been made
during the past week, with one or two excep-
immediately, either for residence or renting
purposes. There have been no speculative deals,
or any Of a general character.
The high price Of building material has largely
retarded contemplated and expensive improve
ments- In this connection a correspondent of a
st. Louis paper has recently teieEraphed that
within the past two weeks, with no operations Of
8 specially large character, the transfers of real
e10D, as against $631, 600 in 1873 for the CORE
spending week. Dwelling on improvements. he
says: a mortgage on a business block Is d r1are
solsd men OF the city or wealthy corpora tions.
The boom in the building market is such that
tea1nsters get s. thousand for hauling brick,
end make from x6 TO 81 day"
The fact is, building material is entirely too
high. and has scared several buyers ont Of the
field for the time being. There is also q desire
on behalf OF some parties to hold OF until after
The election. believing that things will be unset
tied it Democratic President should happen to
be elected.