, 1881-10-30
Demand Good. and Fair Prospects Tor
IS Great Activity Soon. ..
New Building Enterprises Not
e Numerous, and Loans
Dull.
Renewed Complaints About the SloTenly
Management Of the Nicligan
Boulevard.
: Colossal Nsw York Plans for Initiating
: the Park System Of Chi

. IMPORTANT TRANSACTIONS
A t.ouplt. OF rcaI- estate transactions involving
over a million cf dollars were cons,tnlmaied yes
1erday. ut least SD far the bar=ats vert: COLI
&crned, although tue papers havt. not been
placed OH record yet. Ashley forcshadow nth
+rs of the same character their importance will
H.. readily recognized One Of the transactions
was the lease for ninety-ninc years Of Il lot 5v1
:l3, on Clark street, near Van nurcn.
The Property Is what is known MS 's.thc Brown
estate, and is held by the heirs Of !. T. ''<'~n'
VINO died in Chca:; couple Of years Ago This
property is located quite near where the new
Chamber of Commerce is to he built. and il very
desirable. 1t has an east front on Clark street.
1T is .at present occupied by low brick building
This will le torn down upon the expiration oi
tie lease held by the present occupaut-the- lst
nfnext Muy--aud an elegant Office building erect
Ell on the property. THE lot has been leased for
4inctr-uine years to syndicate OF hoard of
Trade men represented t'y H. s Eaeerhartt- who
has conducted their Negotiations Mr.. +. A.
bragg represented the brown estate in the
transaction. The terms of the lease ar,. that the
zu1n Ut 100 shall be pad for tue Use Of tue
property tor the next nlncty-nnc years, Ill
ninety nine lnStall,1es,ts of $..Uo cath. payable
every Yea: in ativalrc. The parties leasing the
premises further agree raa pay ill taxes, aud
l+-er, them up promptly, and Furthermore pay
the takes Of ISL
tesr,,tiatiou~ for this iease have been i'll prog
resS for only 4 very few days. ami the utmost
secrecy ;. been observed il, the 11atter. as it is
suid that the syndicate contemplate laying their
n*rdo upon the property i'll tile neishl'orhoo1.
and fea.'d ti,at il publicity wrs given their
transactions they would t,c nble to get IT Oil
50 favorable. terms. The papers il, the case
ha<c not been rezorued. ~ il was late yesterday
when the Board ot Trade people came up
10 the terms Of the brown heirs 1t is
understood that the Browns held their property
stifl II the figures they got. They were offered
in the FIRST place $f.kO for the first year aud
S...0N each for the ninety-eisnt succeeding
years. The lessee finally came to terms ycstcr-
day.
: This transaction will be regarded as quite Sig
uihsait. as the locality is enc that is attracting
considerable attention from reaf-estate men,
ind Is generally regarded as choice one for
Office buildings.
=. 4 TRsbCSE reporter called upon Mr. Bragg at
his residence, No. 9S,S Calumet avenue, last
night to get further partiu'ars about the leAst..
Mr. Bragg was much surprised thlt the reporters
should have heard OF the transaction, and did
mol appear 1T ati anxious that anything should
be said abotst it at presenr He said thar the in
formation whch1he reporter had regarding The
lease WINS perfectly correct. however. though he
could nor iu,Agiue how the matter had leaked
out before the contracting parties were ready
tn give it to the press
Frr'm his conversation with Mr. Bragg the re-
porter feels assured that some other inrge deals
of interest will see the light in ii few days.
!. 1t is said that negotiations are under way for
the fifty foot corner lot right near the above
described Properly, which. if secured. will be
improved in i manner that will be 4 credit 10
tie locality
Another transaction not yet On record, but
which is understood tn have beeu made. is the
lease OF the Iot, 1o0x7' feet, on the northwest
corner OF Van Buren, street anu Third avenue
Mr. John H- Jennings has leased this for
nincty-nine years TO a; firm who viii
box ,nanufactory there. The terms q: INC
iense $i. .0N for the uinety-lilne. years. pay-
sn in S cEa IN q &c Of %n
1axcs> keep up improvements, and pay taxes of
week aT<;ue well for the locality around the new
thami,er Of Commerce.
The saie Of iWk.-acts' tract of land On the
County, Ind, was uuticet1 II few days u.o The
property sold was Seca. y II, L. H. IL hnd fr:lc-
1!onal sections between the above and the Little
four mites on the river. The purchaser Of the
property is George II. Lco'.ur,i who, it is ut,-
ders1ood, bought II for stock lartls man ,f
considerable prominence who dies not desire
his name TO figure in connection with tho mat
ter. but who, it is understood, is quietly putting:
Qui1e !. movement it, real estate near TuliestGi
has been noticed of late, and property Is held
quite stiff thrrcabo,lts..
iu- in satisfactory mut,ner with regard II tho
new city OF East Chicago, although ulcrc is
nothing particularly new ABOUT it. 70 m ntll'o.ncc
ander Green u New York, has been in Chi
ca9u for sO1nc dAys i'll consultation with in
1erested parties here, anu it is expected that II
few day $ viii develop SONG things u lt,tcrrst.
II Il said that tho Belt Line lud secured its
right OF way. and will commence grading within
Mr. F. A. Kragg sold yesterday II lot i9x17s feet
aI No sti4 Michigan avenue. improved. IusMarN
WineInan, the owner uf the Kendall N1,ck. The
consideration was S!6.0tD amt tsNes nf lssi. lie
also sold two lots. :aNlsS, the other -.nxs1, OH
Sta1e street near Eldridgc court tun:1npruved)
II is said TINT Mr.. Burke has bccn Offered a
bonus OF SlO,VV) fcr the ninety -,,,t-ycnr lease
that ne has Oh the property fur whcf, hc Is tn
pay ss.GN year and where ne proposes To erect
a couple of railroads cross at tho place. and
there are ru'noz. Of new cntcrnrists 1t is said
that The aforementioned 1rtce sold for $.', ,kk,
one-third cash.
THE REAL-ESTATE MARKET.
Sales of real estAtc were generally for small
amounts. Capital is not investing freely ut this
moment in anything, and real estatc, though
firmly held. was not ACljyc. The extraordinary
rainfall OF the week iutcrfcrcd with at business.
The de,uand Tor good property is steadily in
1:ss.astn9- sud prices hardening.
A.>ttoct s BRO. have suld this week Eve acres on
henzle avenue aud Forty-cighth street ut $500;
thirty-une feet on Huron street. near State. ut
IT ,l.0: two lois on ualsteI street, corner of