, 1880-07-11
Revival Of the Scheme to Move
the Board Of Trade
- Building.
Capitalists Inquiring for Bargains
In Improved Business
Property.
New Residence Property in Demand
Sales of the Week.
New Buildings Projected-A Model Struc.
ture-The Census.
New Improvements in Hyde Park
Sewerage in Chicago.

but agents reported that, Judging from the
amount OF inquiry, the capital desirous Of in
vcstlng in real estate was constantly increas-
ing. Buyers are still too low down in their
views. When they become convinced that
holders will
sor SELL AT PANIC PRICES
they will come forward aud take what they
want at the market rate. Almost all thedlg-
.nring now is OH improved business property,
or property that can be improved with Ger
tainty Of renting. Acres are lifeless and it
is not expected that much will BIZ done In
them until fall at Least. But sooner
or later, the disclosures Of the
census, the improvements of the city,
the new manufactures settling here. and the
steady increase Of population will have their
proper stimulating effect on the values OF
Chicago property. Even conservative men
have been heard to express the opinion that
Hhe Chicago census ought to start q
BIG SPECULATION In CHICAGO REAL Es-
TATE
By fall. the development OF the great enter
prises at Pullman will begin to be visible,
andthe effect will be felt on all property be-
tween that point and the South Parks Some
far-secing capitalists are looking around tor
residence property on which to build to rent
u. 41ukCAA*IoDAA oIfoA&AA 6S*tASAA@'SNA
associated with him have lately bought
nearly 500 feet on Prairie avenue,
between Twenty-sixth and Twenty
ninth streets. The average price
paid was $50 foot. The most exciting
real-estate topic Of the week was sprung OIL
Saturday in the resolution passed by the
Board Of Trade calling for q vote next Tues
day On proposition to authorize the Board
of Directors to make any arrangements they
deemed wise for
NEW QUARTERS FOR TILE BOARD.
This project has been up before, but has
never yet passed. The New York Stock Ex-
change have been asitating the question Of
removal for twenty years, but are still where
they were. But the party IN favor of remov-
ing the Board Of Trade is now stronger
than it has been before, and there is
fair chance that the vote Of authorization
will be passed. 1t is an open secret that the
new site has been already chosen by the
party who are pressing the project for NOV
ing. It is the vacant land Tying north Of the
Rock Island depot, and at
TIE HEAD OF LA SALE STREET.
It is said that the real estate has been cor
nered in this vicinity, and that the pool ex-
pect to make an enormous profit in retailing
it for Offices and banks. The plan will be
probably to vacate La Sale street, so that
the new building may stand across it, and
have front looking down that thorough,
fare with imposing effect Very powerful
interests will oppose the move. The South
Water street element, which Is a powerful
banks will be against it.. Millions. Of money
invested III the most valuable real estate in
Chicago will be against it. The richest and
most conservative members OF the Board,
ALL THEY CAN TO TuwAR1 IT.
The scheme is the most important III its bear:
ings on real estate that has come up III Chi
cago for many years, and the vote OIL Tues
day will be looked for with the greatest in
terest.
Mr.. George N. Pullman has bought the
Swedenborgian Church and lot on Eighteenth
street, just opposit his house. Tue lot Is so
xEs,, and the price paid was $1,000. The
church will be removed and the land held
for residence purposes.
PROPERTY at the east ead of West Washing
ton street is coming into favor as site for
manufacturing A building erected n d, by Alr:
renting for $3,700. Several new concerns are
likely to find places in the vicinity. Land
that was valued a year ago at S15o foot IS
HOW held at $500.
James J. Iloels, the lawyer, has sold to
Thomas Gordon q lot :2.5S90 feet on West
Fourteenth streeI, 80 west Of Jefferson, for
William S. Seat, of the firm Of Matheson
4 Co., mas paid $1,000 an acre for tract Of
ten acres at the southwest corner of Stewart
:fve1lue and Thirty-second street.
E. e. W2lkup H. dealer in real estate, mas
paid 81, 900 for Il lot on State street, near the
Southeast corner Of Congress, eox1G5 fent~
In the sales Of the week were 105N153 feet
on Cottage Grove ntenlte- northwest. corner
of Thirtietn street, $4,000; -50&l22 on Eight
eentA street, near Prairie avenue, S7,0oo: 100
xl34 on West Washington street; near Lii
Of Market, $4,000; :;6x191 on State street.
finr1h Of Sixteenth, 5000; 24x114 on South
lIalsted street, south OF Maxwell, S3,5oo; .oo
N134 oil Wallace street, northwest corner OF
Forty-second; = $40; soox117 on South Dear e;.
born street, southwest corner OF Springer, St),-
500: As feet improved to alley on Sedgwick,
north OF Wisconsin,, S5,5N; Skies OH West
Harrison street. southeast corner Df Nor
gar, 5000; 13 North Throop street, $500;
avenue, Sc, coo; 40xa; OH Third avenue nort,
Of Van Burel, street, 5000; 25xl50 im-
proved. OH Evergreen street, southwest Of
Milwaukee avenue 1900; 27xo00 on Vim
ce1lncs avenue, north Of Prospect place,
$3,1o0.. ,. .
Yesterdays AUCTION.
The auction sale Of lots BY 3lessrs, Ellison,
Flersheim & Co., yesterday, vas we'll at
tended. and the fo!iowlnE lots sold: ", W.
anu ~. lIUlltulE Oil " GItHOltll Htcullc uCsA1
Fifty-fifth street, at S;sssS. .33 each, all cash;
lots IS, So, 81, IS, and ~, same avenue, at
Sl4j0 front foot, and lot IS at Sl5.25 foot
For the Arnold street front, near Fifty-fft1l
street, SlO.23 foot was paid for lots 81 and
~, and So Is a foot for - and -; lots Gl and
q. on the same street, sold for $40 foot On
State street only Que lot was sold at so per
foot
{. S. Dreyer IS Co. sold a lot 25x1o0 feet on
North Clark street, near Huron street, for
$40 per front foot This is undoubtedly the
highest price obtained since the fro.
AUCTION.
Messrs, Ellison, Flershein &: Co. will sell at
auction On Thursday next July Is, at p. ILL.,.
the three splendid stonerfIont residences ol,-
p6sit Grand boulevard on Thirty-fittl street.
80 finer or more desirable property or better
located las ever been offered at auction III this
t.ity. This sale should attract attention from
parties seeking elegant homes or an invest
aid. John II. -Smyth has the contracts
let in part for a
FLAT AND STORE BUILDING
to be erected on West Madison. on the site
If the old Scaminon School, 1t will cost
s1O0,O00. The building viii be 9o4 feet front
l,y TO feet Jecp. There will be stores on the
.rfou11d floor, flats OF the four stories above,
aud the attic will be used fol, drying rooms,
turl. closets, etc. The west forty feet OF the
block will 6e devoted to stores aitogether.