, 1881-10-09
Tor the twelve months now ended will foot up,
on fhe same bnsis, almost 81 1000, 100000.

, TIE MA1,K1:r IN 1871 AND SINCE.
On Sunday, Oct S, 1S71, in its regular
weekly real estate article, THE TRIBUNE
stated that there had scarcely been j time in
:" ten years when there seemed to be so many
schemes of one kind or another OIL foot, and
which would, if carried out, affect the value
of real estate in nearly all parts OF the city
and its suburbs. Everybody it was said,
"seemed swellcd up with big schemes" The
"taost important auction sale OF the year =
was advertised to co.nc off on Tuesday. Oct
10. The property to be sold was the north"
east corner Of Adams and Dearborn
streets, owned by. n C. Stea1ns, ION
every side Of which were being erected
the finest business buildings. in the city"
The auction never came of: the hand
some buildings in the vicinity were III ashes
when Tucsday arrived. Ii the next column
to the real estate article was the ianiooyan1
advertisement Of 4 local insurance company.
It said: Fire! Fire! Prepare for Fall
and Winter Fires! Disastrous Cont1aeration
in West Division Last Night! Insure III
Companies of Known Reliability Tie fire
that was raging while the paper containing
this advertisement. was being worked of in
press did not stop till it ob!iterated tllis en-
trrprising insurance company and most OF
the city with it. In its issue OF
Wednesday, Oct II, TIE TRIBUNE was
able to give specimen of Chicago
enterprise i'll the announcement that
"AIrca.ly contrncts lave been made for re-
building saslc Uf the burned blocks, and the
clearing away of the debris will begin to-day,
ii Ihe heat is 80 far s,1bdued that the clarred
material can f,c ltandleta.'
THE SHOCK TO 1:EA1. ESTATE
was less than would haze been expected. As
st,un Us they could reach Chicago after the
= fire, capitalists caine nl1 frcm New York,
st. Louis, Cincinnati. Boston, and otl:er
cities tti buy lots in the burnt district and
build On them. In the first week it WIS esti-
lnnted that 81, ,Cts.Coa III cash came here tor
that rur.,,se. business went temporarily
tluw1l tilt avenues, like Michigan and Wa
BASH. ,anL rents rose 1co per cent. The $50
s1lioccul.ied dwellings III the West and South
Divisions found Immediate tenants or buy
crs. Qlisa number Ut sales were made in
the fi.>t week after the fire ut prices just
about what was demanded before it came
l., ,:le anniversary Number, iss1;ct! Uct. q,
1S,1:. five ctt'u;El,s ot Il.E 1'l:11:CSE were
filled ni:!; Il ii,; nf 1!,e le:S buildings i'll the
burn: dis!fi,'t, l,c vast n'a;or!ty Of them be-
ioy bt>i,,.ss Structures Dur:1l. the year
nearly eight ,ui:es ri so;tlIy standing mag
,,iiiccnt !tt!!.ti::;;- !;:.d been put tip. The
cs,st tf tl!en WAS Upwards Of S!2, ESS;,GW. "
-: The rc:l-2st;1.; review III the same PAPER
sl,o:;tat Wonderful activity considering the
unusual circumstances ns the war. Sales of
real estate iiau amounted IL $i',Eto, ,0G0 bs-
twce:, Nnrcl, S:. nc!,t'er. Suburban sales
III the s;::ne ti,.,@ we!: -, ,t}o, ,o3a. There had
bccu ll.ultty adr.,uce i'll prices, and no spec
uiatitrl. Two features ot Lie city's tsluwth
t-4H1&r
ire Chicago ,sp: Il, initiate other cities.
1t WAS il, ;:avt: IT'D DTuasiway- 1t was 10 have
no +4wcs; c,,.}'' residence quarter. forever
devoted ta fashion. but each division OF the
city was 10 have It's own choice residence
district -.
ONE OF THE MOST NOTABLE CHANGES,
brought :11o:!t in Chicago by the fire was
river, now i:,:o:yn as the dry goods whole
sale district: Eaip:e the fire this region, i'll
clu.;iu* Market Welis, franklin, and lower
La Sale s:fvets> Was nccupct tof Tie cheap-
nvst ,t,. torlotn ;Io1 ei.ss
*~'ss blocks Ut elegant buildings. ADAMS.
-,rw, and .Jayks*,n were affected ;l!nost
n1cf.. An i:upctNs WAS gwen to 4 desir-
;an2g that a,ad just begun ut the time
tt. a:nc. The large region south Of the
Ia Ia district was: greatly Eelprd BY the
~. ,u,i,din..s and values rose and Twenty
Tnomas TT became Il tlloroug.fare Of
ior puttini,an property did not languish
street Il. fact that up To Oct 9, 1877.
SoaE Of t. Ht lGst:1 shore suburban
hnve been vnltt- Is far north rs Evans
1ay-rolls TO ~ to 80 :. foot-
resolution wit:at:e i;s::uIancoNs:y by the
e4lttng upon IT,, would have taken years.
N1taneto@ Hno so.n residence quarters be-
~ shat ,", ,ha ricts and entire branches
MAYOR HAnR1s,e ,nust cuns!,icuous i'll
=. fair ot the North Ter of the wholesale dry
neia y u ~ ny ~, 1,iaie street A1,d Wabash
6niid a s,nssos to't location around Mad
Congregation. 4.
some Of :onsidcrninore by the fire than
The Committee OF -ad that th0roughfare
thing in readiness tl1lanifest destiny that
Nh. AND N1ss. 7. 1871, it wonlG today
Monteolpery, Mr.. solid witl!, stores to
1iiie 1Gsk ky. ~: ap ana sd nts glazed little note
apolis; Mr. and Mrs, erorx
Mrs. Frank N. smith;n. 1t is as follows: -
the guests Of the fat eve for tte cs -.
S,n r*T,,E1. g oGoSson:s HIT SfsSc:y u al
or'niat ua,i M Ths ..uc, *;.5.UN- +. s. L..
havc been sold for u to is the St. Mary'5
audience Father dlote was written by
zion as an eloquent fortnight before the
lecturer. Nessrs: sn preceding the fire AIR.
iIil;e r D,nstan " vii Of raising sTbScril-
Mn.1AAEs Il. 3. ldison. to make up 1hs
M8nse reselyea ;;1x that Field Is Letter
nn}1,ar 1.4f, ot,. :liy S5acu were needed
he he evcninc % "f tn tir.n were willing to pay,
n citizen of Cnicsf was secured on Satur-
ing CONTRACTED &orf, the late Mr. Had
November for 1!Oa. II one week more
- air Of the Gulf a:I"re the lire came
was inferred ati have been raised. Field.
homa tass!s T6e TF66@9,ad have oe lily tiYeH a a5 t,e
A FAIR forle:st migration to tie present
commences olesale district would have
Large nui 1t was intended by Field 4
ana nse fraite tilcir wholesale al:d retail
1he h.nfi;ne building Ut this corner: Tie
sTha fa5r growth OF their trade shows that
Of he a;g1ncnt coulI have been but teln-
nenc,ngleir mute above shows that the
expect ~ desired WAS considered worth
. 1.dJ0 Il. ,0o0. The best judges would not
been fA:tc its value ut more than 81 ,550
En- SSH, eco in all.
bur. South Division previous to the fire
wie w WABASH AVENUE 49,.
thae finest residence street, and its prop
:. v.owners resisted vigorously every at
1T 10 introduce stores or business Of any
= II upon their beautiful ti,orouEhfare-
lie, Clark, and East Madison were the
{ncipal retail streets. but after the fire all
js shops arI Offices that could find room /
I cnt to Wabash :tycnsse+ and made it the
usiest street in the city. its PROPERTY quickly
:tlyauclng iii value from S:;o0 to 81, 100 per
frunt foot Later rs the old streets were