Chicago Daily Tribune Newspaper, June 14, 1874, Page 5

THE CHICAGO DATLY TRIBORYE: SUNDAY, JUNE 14, 1874 —_— e ¥ REAL ESTATE. The Dulk Times Leave Room for gome Retrospective Remarks. able Deductions from the His- tory of Chicago Real Estate, gessons of the Crises of 1837 and 1857. §o Money Lost in Holding Property in : This City. gome of the Sales of the Weok, Trades, and Auctions. Real Estate in San Francisco---The Sub- urbs of New York. Flats in ‘Edinburg---Building Notes. Tho factthat tho resl estate market is reported 4l and declning in New York, San Francisco, and that the results of the ton, Baltimore, ma:d enctions in this city for the last few B onths bave indicated that the values of '71 50 '72 are no longer sustained. IBBESISTIBLY COMPELS THIS CONCLUSION, {hat throughont the country real estate is pass- ipg through one of those stages of depression fat bave occurred penodicaily in our history. Jtecha time it is well to pause and examino {50 bistory of the past. If this ehows that the povement of real estato prices bas always been { uodalations, sud furtner demonstrates that forongh thew sll runs & stoudy upward line of \pprecistion, it will afford reasousble grounds for 'JER¥ANENT CONFIDENCE IN CHICAGO PLOPERTY. "\ caretul study of the prices of Chicago real estate sicce 1830, nhen tho first lote were told, hows indisputably that no panic, no depression £t liome, or abroad has ever been able to siop tho growth of the city, or the appreciation of ita ealts. 1t shows still more indisputably that sobody who Lield Chicago property through 8 do- essed period ever lost money on it. ~ Lven in ew York, whoso growsh Lius beeu a8 steady as o merch of time, there kas always been a class of cronkers who disbelieved iu its growth, and icted the permanent collapse of valued. taere. as 10 Chica;30, progress has nover been Imore than interrupted. The most sauguine of Ihemen who setiled in Chicago in 1836 thought they would be octogensrians before they saw its population 25,000. 1t reached that Bgure in 53, It bas grown more rapidly every decado Hnos. Sober expectation may look to see it over smillion within a Ifetime. T Property in Chicago, at present prices, is NOW CHEAPER o that in any other great city in the world. Who can doubt that, witu the populatiou of the futuro, the increaso of railrouds. of manufac- tares, the development of the West. real estats i tuis city 8 certain to bring greater fortuncs to its possessors than to those who bought in 1830. Looking back to the dase of 1836, it is often esid that it was_impossible to help makirg money by buying land at thattime. Iu truth, as flose who bave operated in Chicago from that day to this unanimously declare, $10 could have been made after '57 where 1 could have baen mado bafore ‘36, There are no fawer opportuni- fies now than then. THE FIRST SALE OF LOTS in Chicago was mado in_ 1536, when tho State Daid out tho Old Town of Chicago, sud gold the jotsat publc suction. The prices brought ranged trom £10 to 3100 aud $200 & lot. The town then Lad no iubabitauts to speak of, and tue puschasers came from all quariers, particu- Larly from the southern part of the Stale. Then real estate men first begau their honest trade in our little fown. Their ruling passion was as sirengly Geveloped as it ie to-day. They Lad no mouey, and 8o thoy swappod lots for Loreos, and orses for lots. The land without the city was Jargely beld by the Government, and dealiugs in Jre-emptions were the chief maferial in specula— tion. As 1837 approached, the same MAD SPIRIT OF SPECTLATION that was at work through all the Eustern States Jufocted Chicago. In 1836 tle entire State of Now Jersey was laid out for suburbsu towns, and even the stnid old towwn of Albauy surrounded it~ gelf with euough suburbs to accommodate the eotirs populstion of the State. A great many Wostern towns, of which pothing more than their name survives, were fouuded then. The +Eden" to which Martin Chuzzlewit went, was such a place. Thero wax pleuty of money, which Creulated with o variety and sbundauce that wonld have eatisfied even a Logan or o Morton. Eversbody was prosperous, all were speculativg, aud making therr fortuncs. When Judfi Skin- per came here, in 1836, he found more bigh liv- ing, display of wealth, more dress and chum- paisn drinking at the Lake House than _there Wes in Sarazoga, which be had just leit. It wus s very common vecurrence for land to change Lauds eipht times in a year, every trauster brnging enormous profit. For iustance, eighty acres in Sec. 34, that was bought about 1832 at the Government price, was sold at $600, $1,200, 3,000, aud in '37 brought £4,000, an acre. In Bec. 11, in Hyde Park, a quarter section SOLD FIVE TIMES IN THE YEAT, s0d ran up from $200 to $7,000 an acre. All the propertrat Calumet was eutered sbout that time, and i less than two years was rolled like a snow- Lall up to tweuty times its value. Most of theso tranefers were made without auy, payment what- ever. Nowadays the mos: speculative operations Insolve the payment of ot least a quarter of the purchase wouey. So little money passed that 1t may le gtated, on the authority of Recorder Hamilton, that parties were frequently trusted for the fees dae for the recording of their iustru- ments. The large majority of sales were never tousummated by decdr, but were simply unre- sorded transfers, and were afterwards canceled. As everybody knows, the speculation preceding '37 was 2 land Epeeulation all through the coun- b3, ed the crash was more couspicuously A REAL ESTATE PANIC $ban any that Las since occurred. Chicago prop- erty was a favorite of speculators in all the money centres, and was bought and sold with frest enthusiaxm in Now York. Ia 153% the School Section was Inid out, aud sold at pricos fauging from §100 to $300 an sere. In 1835 there was auother large land eale in Chicngo, wd lois similar to tbose which had sold Irom $10 to £200 1n 1830 brought from $500 to £20,000. Ove of tho latter was the lot onthe lomuer of Dearborn snd _Lake, where tne ickey Block now stands. Col. Gurdon 8. Hub- 2rd, who camo to Chicago in 1818, whou Mr. Jolm Kinzie was the only white mau wholad a Youse here, gives an interesting account of the Yo of Clucago property in New York. Seeing lhe eagerness with which NEW TORK EPECULATORS TOOK UP CHICAGO froperty i propored to Mr. Iusscll, of Mid- letov, Conn., one of the owners_of Russell, cre addition to Chi- Uather & Roberte’ eighty-ac: Rgo, that Le should subdivide and sell the lots nNew Yok Jr. Ruseell cousented, though tedeclarca ho thought tue operation » very loolish one. The property was platied, litho- frapbed, ndvertised, and sold at suction for Jrices rauging from’ $200 to £2,000 3 lot. Only Joekalf “the property was offered. and b produced €45.000. Tho origimal ~ cost * ihe cuiite eighty acres was £5,000. The Mect on Chicago of the news of this extraor- Ay success may be imugined. Property kmbled up 10 per cent, and cverybody loaded 221¢ with four or five times as much as he carry of this *philosopber's stone.” [he gales by the Canal Commissioners at this o were very large,and their Lerms oue-quarter the balance in one, two, snd threo years f3ve been very generally adopted in Teal estate ers here. JOKE ON DR. EGAN. *, Old gettlers will romember the_absent-minded Ply jocogely attributed to Dr. Egan, who way lery heavily involved in real estatespeculations. ea ssked by an old lady how she should take er medicine, he replied, ** one-quarter down— c8 in one, two, aud threo years "—s0 ruus ¢ slory. There was a Squatters’ Society i , 8ud by general agreement at the Govern- kect sales they wero allowed to bid in their Jemesteads without competition. en the crach came thet followed Gen. Iackson's removal of the Qeposits it was terrific. versthing went by the bonrd. This was by fat ® most disastrons real estato panic that Lias e oceurred either in Chicago or in tho rest of R country. The causes of this wore manitold. L vaet amount of real estate was thrown on tho parket here, not only by local specalators, but )7 those in New York. When the Canal Com- hirsioners gold their lands they had taken one- er cash, and given the purchaser certifi- tos stating the amount paid and thst, upon i:meat of the balance, he would be entitled to posscesion. During the panic, for the relief of thoso who had 5 TIOUGHT MORE THAX THEY COULD PAY FOR, the Caual Commissioners aliowed several certifi- cates to be concentrated on one piece. In this way a_purchaser who held certificates for four differcnt pieces of property, on each of which one-fourth had been paid, could have them sot off againat ore lot, and.thercby forteit but threo instead of four. ‘Chis precipitated about three-fourths of the canal lands upon the market. The failure of the Bank of Ilinois turerw its property out for sale, and the burdens of speculators went the same way. On the West Side, laod in Carpenter & Duntan’s Addition was sold on an execation against John Murphy for £5 an acre. In 1856 the property was worth £3,000 10 gold. 1lu 1836 land in Wolcott's Addi- tion was sold for $1,500 an acre, and in 1841 it Dbrought but §100. _In 1838 property coulan'’t be sold at any price. If aman’ persisted in forcing n sale he had to take what he could get. All the capitalists and speculators of the East, who had suffered by their operations West were sick unto death at tho mere meution of Woestern real estate. It fell moro in their favor than it had in price. They declared CHICAGO WAS NOTHING BUT A BWAMP, a fever and sgue plague-spot, that was certain to vanish like tho dew before the sun,—for, in their chagrin thoy mixed their metaphors. Croditors dictated tho prices after '87. Almost every 8alo was on foreclosure, and vine out of ton of the purchases were mado by creditors. Tastern mercbents took property for theirdebts. “Theso were Eastern capitalists who wero SHREWD ENOUGH TO KNOW that the fature of Chicago was cortain, and that tho time to buy was when everybody wanted to scll. Foundations of one or two very large for- tuncs were laid horo at that time. Obe koen op- erator bought a great deal of land without the payment of & single dollar down, ‘“balance” at Gper cent. To show how property was sncrificed., the caso of an eighty-acre tract on tho West Side may be taken. It bore two mortgages—the first” for §300, the second for £400. Iu 1840, the agentof. fhe Eastorn man holding tho second mortgago ‘proposed to his principal that he should payup the first mortgagoe and thus secure himsolf. The apswer came back that he would have nothing t0 do with Chicago property, and that THE WEOLE TOWN WAS N'TjwonTi $300. ‘That property lies betwoon Madison and Har- rison and Reuben and West Morgan streets, in D. Ashland's Second Addition to Chicago, and is now worth 32,000,000 or £3,000,000. Land north aud south of Van' Buren street, bo- tween Halsted aud Reuben stroets, coujd hase been bought for $2 an acra. Oue of our oldest and wealthiest citizons took advantage of the times to buy s piece of land o State street. Ho paid §400 for iv; its valuo now, on a moderate calculation, is $200,000. In 1840, ouc-third of the Lake House and its site, on the corner of Rush and Water, wus sold on a judgment for $1,800. Still another,—~Block 922, in RKinzie's Addition, on the North Side,— Wwhich would easily have sold for 25,000 in 1835, was sold in 1840 for £1,200 on an oxecution. It is now worth about $200 par foot. Again, what is kuown as the Newberry Block, valued at £95,000 in 1835, was_sold in 1340 for $2,500. Property on the West Side, on Washington street, between Ada and Aun, that was worth £80 a foot in 1336, sold for £20. FARMING LANDS SUFFERED perhaps more than city property, certainly as much. As an example, 8 noble farm of 200 acres near Hillsdale, Mich., at four corners and near a mill-power, would not bring more than 50 cents an acre in 1839, although, in 1836, §10 an scro was given for it. After such a full it seemed to everybody in Chi- cago a8 if all the Kiog's horses and _all tne King's men, could not set this Hampty Dumfz:y Teal estale up again. But the rise and fall of speculation hus a great deal less than people suppose to do with the growth of the country. Through inflations of ' the currency, oppressive and violont changes in the tariff, to sav nothing of local disturuances, the growthi of Chicago has gone on. LIEE A MIGHTY RIVER. Tts popnlation ip 1836 was 2,500 ; in 1840 it was 500 ; 11545 it was 10,0005 in it was 16,0005 in '50 it was 23,000 ; and, overridiug tho panic of 1837, it reached 109,000 in 1 To talk of any actual decline in tho vatue of real estate, under such circumstances, is ol and simply a mental confusion, snd the result of watching the vicissitudes of speculation. 'Lhere is a little revival of real-estate business remem- bered to bave taken place in 1813 ; there was come suburban_movement in the direction of Luko View and Evanston. The same causcs that are rebuilding Cbicago now were at work then. Every year busincss-men from emaller towns cstablishied themselves here, the farming population grew denser aud_richer, and our dis- tributing buviuess continuslly increased. The opening of tho Iliinois & Michigan Capal and the Hatbor nnd River Couventiou of 1347 gave A GREAT LMPETUS TO CHICAGO. It was atteuded by politicisus _and editors from every part of the country. Every jourual in the United States advertised the townina pago. or & column, or o paragraph of reports of the Convention. Its commanding position began aain to obtain recoguition from outside cupi- tulists. . Large investments by Southoroers, particularly from Kentucky, were made hers, and new sibdivisions were lud out. AN OLD FASHIONED REAL ESTATE ARTICLE. The condition of real estate at this time, and in compnrison with provicus periods, was written up in the Democratic Free Press, n 1853, in an igrticlo which our readers will thanlk us for re- publishing. Said tho Free Press: ++The appreciation 1n the value of real estate in Chicago is truly amazing, To those who have alwoys lived in towns aud cities on the seaboard that were ¢ finished ” before thoy were born, the facts we are about to give will bo scarcely cred ible. Tuey are, however, plain, sober truths, which, if auy oue doubts, he caa verify at s lewure. Roal estate in Chicago now has a posi- tive business value, below which it will nover bo likely to sink, unless some great calamity should befail the wuole couutry. i Like all Western cities, Chicago bas had hor reverses. In 1535-'6 real estste had a fictitious Value. The whole country was mad with the spinit of speculation. When tho crash came in toe latter part of '87 hundreds in this city found themselves bankrupt. Real estate weat down to & very low fiure, reachiug ** botlom ™ in 1842, Sincoe then it Les been steadily rising with the increasmng prosperity of the coun- try, and, if the judgment of our most cautious, farscomng business men cen o trusted, it will nover be any less. Thut judg- ment is based upon &n arrsy of facts, tho uc- curacy and influcnce of which upon the growih of Chicago cannot be doubted. In ouly one year from the lst of January nest, we shall Bave 4,000 miles of railrond ceuteiing in this oity, counting in most cages thewr extension in a smigle Stato beyond our own ; and, what is of more importance, they penetrate oue of tho finest ngricultural regions that can be found in any country. Dy that time tho Sault Ste. Marie Caual will be doue, opening to our commerce the rich mines of Lake Saperior. The iron and tho copper of that region will hore meet the coal from our State, and build up the most extonsive mauufactories upon the contincat. Oue of tho finest cabals in the world counccts us with the Thuois and Mussissippi Rivers; aud in ndditton to ail this, Chicazro holds tho key to the commerce of our magnificent lakes, giving us & cousting trade, whon Lake Superior is opened to us by the Ste, Marie Causl, of 8,000 miles. ‘The most sagacious statesmen, and the ablest commercial men in this country and in [Europe have, thorefore, a broad basis for tha opinion that Chicago is #oon to tako rank smoug the threo largest cities, and oro long ns the sec- ond city upon the American Continent. “The riwe in renl estate, and the prices ab which 1t is now sold in view of such facts, are cauily explained. Lho following table, made up from the records of the ongiual sules in this ecity, will be found very interesting. “The last column, showing the present valuo of property, is theaveraze of the prices at which they Would now sell, as given us by three of oug old- ot and most Teliablo real estato houses in this city. Many of the owneis, wo presumo, would not sell at these figures, aud we have no doubt that should any of this property be put in the market, it would readily command at least the cstimated value giveuin the table. The prico of ‘the lauds” may sppchr enormous, bus four of tho parcels are now 1u thickly inhabited parts of fhe city, and tho valuasion is probably below, rather thian above, the mark : ; 5 2 g g Sept. 3 21,300 B. B, Kerchewak.. ;| Mark Beaubieu. 108,000 Tuomas Usrizell 62,700 omas Hartzell. . Thnm‘iuuxlrkzeu.. 10,000 Edmxun Roberts) & Peter Menard.| 429 lg,m Edmund Roberts,. 13 40,0 4623 1| 17,000 & 2 8 ..} 418 151,000 Aj41 Ti16 Bl 118+ 315 450,000 G5 | 36 820 S 10| 83,000 2,7,8] olcott(1, 2,3, 4, 5,8, 188,000 000 7andsgs | 53| 67,000 Olivor Newberry. i | e Oliver Newberry. 17 1100 45000 Jesso B. Brawn. ,000 18,000 42,500 3,200 18,000 100,000 85,000 18,000 50,000 80,000 Jjamin Rercheval, w X FRaSS e 100 40,000 Sep NR 140/ 600,000, 3. B. Deaublen, n ) ne X & ‘Sec. 9, 49, 14, e. Loor 84 98-100) 424] 85,000 J. B. Beaubien, n w frac 1 L WX Sec. 9, 39, N R14.... 107 66-100] 68] 132,000 * There is,we believe,but one of the above lots, and only a fraction of that, which is now inthe hands of the original purchaser. That is the lot owned by P. F. W. Peck, EH?., and in roality he was not the first purcnaser, for it is the same lot bought by Mr. Peck of Mr. Walker, the receipt for which was quoted in the ‘‘His- tory of Chicago.” “That receipt was rocog- nized by the Commissioner, and Sxe deod mmfi! directly to Mr. Peck. “*Our citizors have all noticed the eptendid drug store of J. H. Reed & Co., No. 144 Lake stroet. The day it was opened, Oct. 28, 1851, we stood in front of the store, conversing with tho owner of the building, Jeremiah Price, Esq. Pointing to oue of the elegant windows, said Mr. Prico: *1gave $100 in New York for that contre pang of ¥rench plate glass. That is oxactly what I paid J. Noble for this lot, 80 feet front, on a part of which this store stands, when I purchased it in 1833.” That lot cannot now be bought for $64,000. Wolcott’s Addition, on the Norta Side. was bought in 1830 for $130. It is mow worth considerably over one and a gquarier million dollars. Walter L. Newborry bought the forty acres which forms his addition to Chicago of Thomas Hartzell, in 1833, for 1,062. It is now worth half a million of dollars, and, what is fortunate for Mr. Newberry, Lie still owns by far the largest part of the property. So lato ns 1334, one-half of Kinzie's Addition, and of Wolcott's Addition, and all of Block 1 of the original town was sold for 320,000, They are now worth, ata low estimate, €3,000.000. Any number of similar instances migzht Lo given of the immense appre- ciation of real estate in Chicago. “From the great apprecintion which theso figures show, many may be lod to suppose that no more money cau be made on real estate in Chicago. Exactly the roverse is true, ns com- pared with their original cost, lots near the cen- tre of tho city caunot be expected to_ sppreciate 5o rapidly as in years past; but that they will steadily advance thers can scarcely be a doubt.” Let any business-man study carefully the facts contained in these articles ; let himre- member that within the lifetime of thousands who read these pages, Chicago will contain her bundreds of thousands of people ; and then lot him calculate, if he has courage, what roal es- tate will then be worth in the commercial centre of the Mississippi Valley. “ The following table exhibits the total valua- tion of reai and porsonal property in Chicago, as taken from the Asgessor's buoks for a term of yoars. It must be remembered, however, that property is ssessed at far below its real value: e $ 1,829,420 1,864,205 1, GO B8, 1 4 The following shows the assessad valus of tho different kinds of property for tho last year. The lands are withiu the city limits, but are not et divided into lof o value of property bas nearly doubled in the yoar 1853. The fact corresponds very well. with tbe increaso of population, that being 57 per cent.” "I'here was no city in the country quicker to sco the immense profits and advantages of THE INTRODGCTION OF RBAILROAD than Chicago. The construction of the Galena Division of the Nortbwestern, of tho Michigan Southern, of the Michigan Central, Iilinois Cen- tral, Cliicago & Alton, Chicago, Burlingion & Quincy Railronds, gsve a tremendous impulso to the city, and when tho full flood tide of {1856 camo Chicago was riding on its creal. Then an- other crash came, precipitated Dby the failure of the Ohio Life and Trast Co. This time it was very much milder, very much wmore hmited than before. This, unlike the crash of *37, was not a land pasic, but a railroad break-down, the parlicnlars of which are well enough known, and need not be touched upon here. Tteal estafe suffered, aud suifered woverely, but even 80 €oon 8s 1859 thero was & little recovery, although. as & genoral thing, 2ctual valnes did not again reach the specnlativo Deizht of *56 for nearly ton years. The advance before '56 may be illustrated by s case on Wa- bash avonue. In 1851, 8 lot on Wabash avenue, between Congress and Harriron streots, wus bought for 215 per foot. In 1836 it brought 2300 per foot. The decline =fter '56 may be seen on the samo avenuo. Laud on the corner of Jackson, that was worth £330 per foot 1n 1856, was sold in 1861 for £87.50. 1n 1872 it was worth £1,250 a toot. It is depressed now, but will sco a very much higher figuro before many years have clapsed. In 1856 a wealthy ~ landowner sold 1,200 feot near Union Park, at tho corner of Robey and Lake, for & rope walk. Thoro was an_incumbranco of 36,000 on the property. The purchaser found nimself utterly unable to pay either the taxes or the interest on his purchase, and his grantor carried 1t for him under these circumstances for three years. 1lo was frequently sought by the unhiappy possessor WITIL PRATERS AND TEARS to puy back the land for the amouut of the - cumbrance. This the former, who was a rare kind of bird, was too kind-hearted to do. In 1850, whon things were better. ono-half of tho proporty was sold for enough to clear off sl the indebtedness. The remainder is mow worth $160 per foot on Lake street, and £100 on Robey. Cases of this kind where purchasers found themsclves UNADLE TO MEET EVEN THE INTEREST on thoir payments wero very numerous, ‘There are instancos in which the prices of 57 have not Yot been réguined, 08 on tho North Side between Murkol atreot, Chicago avenue, and the river. This happens in every city. There is more than one_ caso of propersy in New Yotk City, known to the writer, which has not edvanced o value for forty years,and is worth, if anything, less now than it was then. In the speculatiou preceding 57 but littlemon- oy was used 1 trunsfers. Often aslow as 2/¢ or 5 per cent of the purchase moncy Wwas all that wus paid. Speculation was most active in Iivde wrk. Property wag sold there at 340 and £50 a Yot that, ns late as '63, would not bring moro than $75 per scre. There was also a hob specalation at Lake View. As toinsido property, & lot was bonght on Lake street for $300 per foot that had been held for $1,000 in’36. In 1639-G2 thero wus a great many foroclosures. Creditors bought largoly, but in fow caacs was the consideration less than tho amount of the incumbrance. The history of the Portiand Block, on the corser of Dearborn and Washington streets, shows some Of THE FLUCTUATIONS OF THIS TINE. 1In 1857 it was bought by E. I. Tinkiam of Au- gustus Burley. He built the Portland Bloct, and Tortgaged it to Peter C. Brooks, of Boston, who was atterwards obliged to take it for the incum- brance. For several years after it would not have sold for the amount of the mortgage. To value 1t mow at 2150,000 without the building would a moderate estimate. Prices at Calumet after 1837 fell down tothe Governmont rate, aud even during the War & good_deal of it went at 32 and 5 an acre. The Weokly sales of the Calumet & Chicago Canal and Dock Compeny safford that Company n comfortable assurance of much batter times. In fact their land is WORTH ABOUT AS MUCE AN INCZ 28 an acre at that time! A new clement appeared in tho depression 3. Peck has al=o shown us his orignal document for the purchase of Lot 4, Block 18, in the old Town of Chicago. It is us follows : Y Crgacd, Ang. 15, 1691 Received of P. F. W. Peck, $80, in fuil for Lot 4, Block 18, in the plan of the Town of Chicagn, aud i full for all claims to this date. W, F. WALKER. Thus lot is at the soiitheast corner of South Water and LaSalle strects, fronting 80 fcet on Boath Water 204 130 foet on LeSails, wad, catire, 8 pow valued ot $2,500, followlng 1857. In 1837 nobody had any money, s0d_when the 8queoze came then all had to lef g0 their property, but in 1857 thers wers soares of rich men, whose names need not be mentioned 88 they are etill with us, who conld hold on to their property. They oonfldence in its future, and pursuod the snme policy they are exhibiting now,—thev hold on to if aod came out richer than ever. Then, a8 now, property that was in_hands too wesl t0 hold it waa transferred _quietly, and by smicablo ar- rangement. In 1857 it was noticed that not one per cent of the purchases was for use. Qur best real estate men believe that at least a third of the property that has been sold of late years has been for sctusl improvement. This year the proportion is certainly much larger. Abant 1860 real estate showed some signs of getting up ngain, but THE OUTBZEAX OF THE WAR, the collapse of the Yanks of Iliinois and Wiscon- sin, which had stump-tail currency (founded on Southern stocks) to the amount of $13,000,000, put it on its back sgain. From 1860 to 1863 there were very fow sales. In 1861 a house and lot on the corner. of ‘Wabash avenue and Washington street was sold for $13,800. In a very few years it was worth £40,000, and its present value would be a com- fortable fortune for anybody. In 1865 Mr. waltor 8. Gurney owned six acres in Dyer's & Davis' Subdivision, which he offercd in atisfac- tion of & subscription which he had mads to its fund for 35,000. They refused it. The property is now worth $150,000. It was 1865 before the markot was alite ngain. and in 1872 it had reached another summit of prices, This study of prices shows geveral facts of the utmost promiee to the future of Chicazo. First—Throngh sll the rise and fall of specu- Iation, the valuo of Chicago real estato has steadily advanced. Second—Every period of depression like that through which tho city is_now passing has boon followed by a recovery in prices which outran the precedent speculation ; and, theraforo, Third—No one ever lost monoy by holding on to Chicago real ecstatoe, e SOME SALES OF THE WEEK. The most notable contract during tho week is that by which James S. Kendall agrees to dis- poso of the woll-known Xendall Block, at the corner of Washington and Dearborn streets, to Benjamin M. Austin, of Kalamazoo, Mich., for £325,000. Tho terms of the eale are as follows: Cash, §225,000 ; houses, and land on whick they stand, in Kalamazoo, £85,000; other prop- orty in and wnear Kalumazoo, $15.000. This s & central business locality, and may be moted as giving:an indication of ~values in business property. Tho land on which the block stands is 40x90 feet in size, the block itself being fire-proof, and built in the best and ‘most convenient shapoe. Honry W. Brooks has sold, in South Englo- wood, 6 lots for 2,000, Charles Dement_bhas sold 264 foet on Thirty- tlurd strect, near Jones street, for $12,000. Willipm Trueman has sold 48 feet ou South Water streer, oast of Wabash avouue, for 48,000, Willism Garnet has eold 50 acres at Seventy- third street and Stony Islund avenue at $3,000 por acre, all cash. : W. 11, Colehour has sold 11 lots in Iron-TWorlk- ers’ Addition for 32,184, C. W. Rigdon bias s0ld two honses, 300 and 302 est Washington streot. and 20 lots ou Pavillon Parkway, for 354,000, Ira Trown has sold to L. L. Greenleaf stora and lot, 28 Milwaukee avenue, $9,500. Campbell Bros. have sold G lots on Sheridin street, 25x125, at $750. * Two lotson Congress Park, 24x120 feet each ,at 250 por foot. - F. a. Weare bas sold 20 acres Sec. 17, 87, 14, for 225,020 John Mitler has sold 50 feet on Washington street, eust of Curtis street, for §36,00). Charles P- McKay has sold houso’ and Congross, corner Wood strect, for $20,500, Ouvay Watson has sold Blocks 12 to 14, Hal- sted streot addition to Wasbiugton Heights, for $30,000. L. L. Greenleaf hus sold S.W. 3 S.E. X, 7, 18, 80 acres, for $12,000. o Omar Nowman hias soid 41 lots and Block 1, /i South Englowood, for $24,250. L. Whipple has sold in_Whipple's Addition to Evanston, 8 lots and Black 8, for $2,000; 7 lots in Block 3, for 31,750; 9 lots in Block 4 for $2,500. Ira Brown has Jold 2 blocks of 100 lots at Thoraton. L. A. Gilbort & Co, havo sold 530 feet sonth front on Eighty-soventh strect boulevard, South Euglowood, for $10,000. Drown & Hall have s0ld 200 fect in Huléted Strcet Addition to Wash- ington Heights for £3,260. L. Ashley Mcars bhas sold, at Highwood, house and_lot to George E. Corbin, $2.500 ; 50 feot on Central avenue for $400% house nud lot on Central avenus, to Mr. Carlson, §1,500. Brown & Hall have sold 200 feet in the Hal- sted Street Addition, between Ninety-third and Ninety-fourth strocts, near the Catholic Semi- nory and Lock Island Railroad, for $3,200. AT AUCTIOS. Clarke, Layton & Co. sold the following prop- erty at nuction on Monday at the Real Estate Exchange : On Eilis avonne, between Thirty-eighth and Thirty-ninth streets, 33 feot by 178, west _front, to Gen. Hnkley, at o foot. Torms, one- third cash, balance in onn and two years. On Orleans street, ex~ ¢ St. Clair, a lot 20x 100, for %100 & foot, siujcct to mortgago of 21600, aus in 1878, at 10 per ceut; balance, ccsh. West of tho above, 40 feet by 100, at 899 a foot, ou tho same terms, and subject to tho taxes of 1874, These prices are 40 or 50 per cent below what Das up to this time been cousidered tho price of such property. Col. George R. Clarke mads some remsrks at the sale. He comsidered that tho efect of the resamption of specie payments had alrendy been discounted in tho price of 1eal cstate, and went 80 fur a3 to say that tho depression Lad fallen below the point to which pecie payments would contract values. If specio payments wero ro- sumed at ouce, o believed the result would bo to increase prices. ., Thayer & Co. sold on Wednesday, at tho Real Estate Exchange, tho following property Lots 15 and 16, in_ Dlock 2, of Cook & Ande sou’s Sapdivision of W. 1 of N. 1¢ of Sec. 24, T\ 39, R, 13, eacl-25x130, to Jr. O. C. Rounse, for 21 a foot. Lots 1 and 4, in Block 1, of Saltonstall & Rus- sell’s Subdivision, fronting oast on Evans ave- nue, between Forty-third and Forty-fourth streets, each 2ix126, to Mr. White, for $35a foot. Lt the afternoon, C. C. Thayor & Co. sold, on the promisos, tho houso and lot No. 927 Michi- gan avenue, the lot 50xi77 fect. for $19,350; terms, one-fourth cash, and the balauce in three years, af 8 por ceut. C. C. Thayer & Co.'s auction at Maywood re- smlted in tho sale of thirsy lotsin Millar's Ad- dition at an average price of 36 per fron foot. Two acre tructs of 314 acres each wero sold—one 550 an acro; the other at $775anacre. A house and lot bronght &300. S NEW TYORE AND SAN FRANCISCO. REAL ESTATE IN SAN FRANCISCO. According to tho Son Francisco Real Estate Circular, although there is a perfect plethora of monoy in the savings banks.—interest being Jower now than it has over been in the history of the State, and ranging from 8@10 per cont,— and although the city is being estended into the suburbs by new buildings at a mors rapid rate than was overbefore knownLere, realostato does not evince any tendency cither to excitoment or inflation, There was o heavy reduc- tion in Doth tho number and valuo of tho sales of last month ; 342 sales, smounting to $1,697,551, weromade in April, while only 202, of tho valae of $1,165,544, were made in 3ay. Real estato agents genorally attribute tho duil- ness to tire fact that owners will not accept fuil and fair prices, and as there is yetno specula- tion or sign of it in the market, buyers will pot o beyond a certain limit ; indeod, there nover \ras » time, perhans, when buyers were more de- cided in not going beyond fixed i Tiie re- i : 1l i p many ty isin Tacher better demand, although prices have not et improved. Land’in the Westora Addition, between Sutter, Eddy, Larkin, and Gough, con- tinzes to increase i value. thougn the demand i not strong at present. Therois a lull in tho inquiry for lots on tho side of the hill above aud coutiguous to Hazes Valley. There are still Imany parties with large sums of money who aro willing to purchase bnsiness properties which pay well but tho prices aeked keep snles from being made. Senator Jones, of Nevada, has purchasod Blocks 833, 891, 915, 972, 933, 1,015, 1,057, and 1,070, of the outside lands. The biocks contain 26¢ acres in all. Tho price paid was £5,500—2207 an acre, or about £700 & block. The blocks are ecattered about half way. between the Fark and the Ocesn House, and within three to twenty blocks of the occan, on the drifting sand desort. Sim Braonan was ths seller. Western Addition Block 365, bounded by Faitoo, MoAllistor, Fillmoro, sd Btetnor, to- gethoc with the alégant residenco of the’late 15t on John C. Horan, and the stable, well. ornamental grounds, etc., have been sold for 2100.060. The San Francisco Real Estale Circular says, on 1ts review of the market for May: 1t is a subject of wonder with nearly everybody why wo do not now have something of a Teal estats excitemeat, The State and city have for two yoars been very prosperous, while the outlook for all out ag- ricultural, mineral, manufacturing, and building fa- terests was never before so bright and encouraging. Money fs plenty—oven to the vergs of being plethoria —at 810 9 per cent per annum ; laborers aud mechan- fca of all classes find employment easily, the demand in many cases exceeding $he aupply ; the increase of Ppopulation from abroad has not been 8o large since 1867, ond the number of tourista and invalids secking California for health and recreation is increasing monthly. Under these circumstances, cveryone asks with wonder, Why does not real estate improve more rapidly?” The answer is brief and simple—We bave not yot paid up the discountiug of tho fature which occurred in 1868-, What sailors call ““dead horse” (1. e., protits drawn in advance) is not yet all worked uip, and, therefore, real estato kecps comparatively dnll. Hundreds who have becn carry= ing mortgages tod unprofitable, because vacant, prop- erty cannot yet unload on satisfactory terms, while ail who wero bitter in tho excitement of the years men- tioned have na yet no stomach for purchasing at fanc; prices, These are the causes why, despite the general, almost unexampled, industrial prosperity, real estate Temains comparatively dull, Seasons of inflation, for which everybody seems to pray, are. thereforo, really Delther profitable nor desirablo to tho majority in tho end, sinco they have fo be pald for by subsequent years of dullness, declining prices, and loss of con- Bdcuce in the future of tho city on the part of thosa whose shallow miuds aro swayed by every rumor and tho mutterings of every eroaker, IN NEW YORK. The New, York Herald thinks that in real cstato in New York the road to the adjustment of values to a specie Lasis has been already traveled over in this market. Resl estateis now VINTUALLY ON A SPECIZ BASIS; that is, thers has boon such prolonged duliness in real estate, the speculative element, which gives a_fictitious qnality to values, bas been so boroughly eliminated, and thore has been such ashrinknge of valnos within the past two or three years, as recognized and admitted in recent trunsactions, that it is safe to say ** hard pan™ 1 been touched here, at all events, if nowhere olse. With this fact genersily understood, and the sssurance now given in the candid expo- sitton by President Grant of bis poticy in _tbat respect (which is mot likely to be gainsaid by the foople) that wo are on tho road to specie !’ehlllllmytinu. even if we have only started, thero is the FIX GROTND of stablevalue upon which tv build a new active movement in real estatc, just ©d €0oL adour capitalists begin 0 get over their fright regurd- ing all investments, aad begin to tive of the pet— tyand fatiguing effort tomako their momey carn gomething in loaning it at 3 wver cent on Wall strect, subject to call ; orshonld those of tho present prove indifferent to the opportu- nity now ufforded them, then when tho revived industries of the nation, commercial and mano- facturing, bogin to pay a dividend to those en- gaged in them. 2 There isove element of distrust in this market, however, that needs to be pointed ont, and that is TIHE UNCERTAINTY WHICH PERTAINS TO BUILDING OPERATIONS, owing tothe peculiar aftitudo of the operatives omployed in euch enterprise. Thers is no doubt that there is now much capital lying idle in bank that might Lave becu profitably employed in Dbuilding operntions this spring and summer if it were not for the fear, which is no light one, that it might be imperiled in such employment by . strike of the_operatives during the progress of such work,—brickluyers, carpenters, plasterers, painters, and other artisans. Just at this time, with the shrinkage that has occurred in every other department of industirial action, the price of labor among the building trades hasmaintnin- editsell. This being tho case, and it hoing more difficult now tban heretofore to obtain hizh reats, building docs not now offer that certainty of profit that it did heretofore. But with THE ELEMENT OF UNCERTAIN 88 to cost growing out of the possibility of & strike, capital, always timid, has bad abundant reason to shrink from that kind of invest- ment. . . . Although this is tho season for BULDRBAN SALES, therois little to bo suid respecting them. Anc- tioneers generally report them puccessful, but it is to be noticed there is no enthusiasm. And how could thers be ? _ People who might invest in this description of property have not tho money, and those who have the mouey prefer to hold ot to it, not knowiug what may eventuato, Although without activity, wo have now, at the close of one of the most depressing sengons that New York real estate has ever endured, a sound, healthy market, restiug upon a founda~ tion of solid, substantia! values, with & clear un- derstanding on the part of our people of tne conditions past, present, snd_proapective affact- ing these, and nndoubted evidenco in tho past year's history of thesuperior character of realt 2s a salo investment. Qn spito of the drawbacl of an imkbecile munictpal admmistration, this is a most eatisfactory basis for & new departure in tue fall, THE MORTGAGE-TAX. Now York Cit, like Chicago, suflers from the incubus of the Mortgage-tax. All the leading newspapers and real-astate deslors of Now York speak of 1t s & desd-weight around the neck of estato and all building interests, The Lerald attributos much of the dullncss of the city real- estate market toit. No such tax islevied in Long Island or in New Jersey, consequently they brosper at New York's oxpense. I[he World ays: A prominent real-catate dealer tells us the outlack 1s gloomy for real estate. Ho further ‘Thero Will bo but little building doue this sear, There is Iuck property now for sale, and at very low figure, et it dou't find purchasers, and 0, of course, there 110 encouragement to put money futo now buildings. "Il iniquitous system of taxing mortgages preveuts Capital from towiug in this direction. Private parties won't lend on bond and morigago unless they get & bonus whuch wll relieve hern trom the tax,” THE SUBURBS OF NEW YORK. The New York Times of a recent date por- trays the growth of the suburban homes of New Yorkers iu - the Kingdom of New Jersey.” In thio ast twelve yoars tho most extraordinary re- sults have followed the efforts of the citizens of New Jerscy to atiract tue surplus population of New York. Before that time most of ghe vil- Inges Iving west of the Hudson wers mere insig- miicaut farmiug _ceutres, with pretty pastoral surroundings, and seldom or never recciviog & visitor from tho busy would a few miles oast, "It was true there were railroads, but they wero tho great thoroughfares over Jersey soil for tho couveyance of the mighty mutual trafiic of the East aud West. Suddenly mon, under the oncouragement of those who bud seen for themselves, poured into Jersey City and Hobo- kon in scarca of building sites. Cap- talists bousht up vacant property by tho block on the hcights in rcar of the city, and erccted rows of modest yet comfortable divellings, which they rented at rutes that eunoled tho former oc- cupant of a Hoor in New York to hirsa whole Douse ** neross the river.” Meanwhile the influx of business to Now York was slowly driving dwellers from the lower portions of the city to muke room for commercial edifices, and in two or threo years it became & matter of forty-five to sixty minutes’ ride to come down town to business. Mou found that they could reach_the Jower part of Now York more quickly from “Jersoy” than from the vicimty of Cootral Park, ond bondreds of them ro- solved to emigrate into the littlo mosquito State. New Jersey land-owners the drift of thetide aud took it at the flood, - threww their lands into the market, encouraged the extension of railways in every dircction aud the multiplication of trains for local traflic ; and the resuls is that witliin an are of 40 milzs from New York in five or ix counties of Now Jerxoy (hero are now 400,000 persons where a fow years ago there were but 200,000. From statistics prepared by r. W. . Mariin, Prosident of the West Side Associa- tion of New York City, it appeats that within the ten years past ouc-third of a million of popula- tion und more theu 500,000,000 of wealth bave settled in the suburbs. This growth of popula- tion, Lie saye, has becu as follows: 5 1360, Kings County. wetchieter Coiinty. The increaso of property tax valuations was as follows: 131,402,146 Pt ‘Thie increase of tax valuations represents more than doublo the smount at markes vzlues. For an area of twenty miles west of Jersey Citv, tho courtry hus suddenly becomo the ite of 3 chain of cities, and towns, and villages that will, cro many yeasa havo elapsed, merge intoa sin- glo 7ast musicipality, rivaling_cven New York, and they are already within almost instant con- nection with cach othor by su intricate net-work of raroads, furniching to all of them that rapid transit to and from the metropolis which has mado tiese compar- atvely waste lands & splendid rursl city. The chaoin stretches from Jersey City to Bergen TPoint, Elizabeth to_Piamield, Newark to Ran- way, Jersey City to Englerood, Newark to Sonth Qrange, znd Rutherfurd Park to Paterson. The area intervening between these radial and ter- minal points, 28 weil 8 for manv mules beyond, is studded with rural villages and stations, all of which have their railroad connectione, and are enjoying the facllities of from tweaty to 100 trains daily, carrying passengers to and from New York at the inost reasonable rates of fare. ——— MISCELLANEOUS. APARTMENT HOUSES IN EDINDUEG. To the Editor of The Chicago Tribune: . __ Bm: Apartment houses, euch 28 are so clearly _fllu:kntell zad ably advocated in your Sunday issue, are nothing new under the sun. Forty years ago an intelligont Scotchwoman made me familiar with the plan of building In Edinburg, where she had beon born, and had lived thirty years. She eaid n man owning a lot and want- ing to _bm]d, dug a cellar and laid a foundation according to the height of the proposed struc- ture. A good foundaticn wall was 18 feet thick, of solid masonry. As the houso rose the thick- ness of the walls diminished, until those of tho top story were 18 inches, or perhaps but 1 foot. If tho builder's means ran out when he had com- pleted one or two stories or flats, he sold to an- other the right to build on his wall. Porhaps he sold the foundstion or the celiar tosome one who built oae or two storiss, and #old to another the right to build up; and up they built until the stories, or flats, often ran into the teens; and, in goma cases, avery atm'z was bailt or owned by ee[lmm‘e parties. The houses were built ina hollow or squaro, with s wide hall opening on the streot, nud, in the contre, broad stone stair- ways. On every dat, or landiug, were four, six, or more doors, each the outside entrancetoa house or dwolling, every one as separate from all tho others as arc the houses in a block, To illustrate the Beparation, eho told me that it was not uncommon to soe & funeral start out of the door next to yours, as the first intimation that there had been illness inthe family, Tho diffor- ent blocks wero built on different plans, accord- ing to the class of tenants for whom they were intonded; and it was not uncommon for a doc— tor or deatist to have his office and dielling to- gother, up soveral flights of stairs. Ilor own dentist lived and had_his ofice on the elsventh story. She thonght it much more convenient to live in apartments, in ono of these Edinburg blocks, than in any two-story honse, ns you only hind to go up and down staira to go to_markot or church. Tradesmen took orders and delivered goods just 25 they do in ordinary city houses. Tho plan is old and has sworkod well, and the marvel is that American houscksopers have so l¢ ~nn_required to livo two or thros fats ¢ + - ~eir kitchons, and so loave these to tho ur -pucod domain of Biddy. But ono requi- sito for apartmout houses which shoald be reck- oued indispensable is stone stairwnrs. Such houses should bo as nearly as possible fire- proof, becauso each family risks the conse- Quences of any carclessness on the part of all or any of the others, aud with wooden corridors and stairwaya they aro all liable to be ronsted like rats in a bole. JANE G. BwissmuLat. BUILDING. Building is progressing with notable rapidity. The city is oxtending its domains in all " direc- tions, and the gaps tnat have been left by the dilatory are rapidly filling up. To thio south- ward the improvements under way are commen- surate with the futare of this residance section. At different points all the way to Hyde Park a number of fine residences are bsing built, mostly for occupation by their owners. Of the North and Waest Sides tho same may_be said. In the latter section tle outakirts exhibit a scens of ac- tivityin house-building whica 18 remarkable. Particularly is this the case along Milwaukeo avenue and around Wicler Park. For instaace, from the junction of Western avenue and Harrigon street can be seen the fol- lowing : At the corner of Van Buren stret, front- ing Congroas Park, are being erected two two- story and basement bricks ; ot thecorner of Con- -ess and Qampboall streets, two two-story and asement bricks ; on Campbell Park, near by, two more of the ssmo; on Adams sirect, mear Leavitt, are two more. On Western avenue, near ' Harrison streot, is sn- othor of the same general design, this being the first building on a tract of tenacros. On Lenvitt stroet, near Jzckson, is still anocher, and scat- tered about aro o Lalf o score of good frame dwellings just being raised. Dr. Jordan and L. L. Leach havo let tho con~ tracts for two besutiful residences on Calumet avenue, near Twenty-third stroet. Cost, 330, 000, 2Mr. Kehoe has jnst finished two splendid dwellings on West Adams streot, ncar Ashland avenue. Cost, $20,000. 1t bas been rumored about that the Muoseum on Dearborn etreet would not be built this sea- son. Thisis a mistake. Tho contracts will be let this week, and work will be commenced ot onco. Mr. Van Viect, the lessee, will shortly start for Europe to collect curiosities. BENTS. The inquiry for houses and stores bas fallen to the minimum. Evory one has settled now for the summer, and those few dwellings that moy ot be reatod will go tonew incomers. Of thess tlcre aro always a few in tho market asking for homes. A perfect myriad of thieves Lave Leon operating on vacant houses in the pust fow woelis, and those who own &re almost willing to loase freo gratis in order to get a tonent who will take care of their property. Tho least arti- cle of value is enongh to tempt the cupidity of these sneaks and villains who will como with an express-wogon at night and catry off almost everything but the foundation of a house. There seems to be no protection in_appeals to the police who, it is londly nssorted by many, arein collusion with the rogues themselves. Those who have chandeliers or fixtures of any kivd sbould remove thom. und lead pipe should Do carefully battened up wherever oxposed. "The law to punteh thus most lawless class of criminals is entirely insuflicient. It should be made 80 severe &y to malke examples forcible enough to be remembered. As it is, vacaut dwellings are at their entire mercy, and of this quality they soem not to know even the namo. AGCTION. Elison, Pomeroy & Co. will hold an auction of valuable residenco property at Lake Forest, on July1. They will sell 400 acres, subdivided into 60 lots, in D. J. Lako and E. L. Cantield's Addition, mostly between the railroad and the 1ake, and tho cometery and Jessamine avenue. Elison, Pomeroy & Co. will sell 25 lots on Clybourn and Racino avenues, Sophis and Lewia streets, near Clybourn avenue cars, on Saturday, June 20. R TRANSFERS The following instruments were filed for reo- ord on Saturdsy, June 15: CITT ¥IOPEBTT. Consideration. Twelfth st, 167 £t of Ashland av, n £, 24125 1t, dated May 27.. vs "5 1,600 lihan st, 691 {¢_8 of Thirtysecond at, w1, 5 2124 11, dated May ... L., B0 Catharin st, 72t v of Loomis st, 0 f, 34xi24 ne 1,800 1t, datcad J 2 Agwick at, 12117 ftn of Goethe st, w1, 20} e 150 ft, dated June 5 2,000 Wt Indiana 1, 120 ft ¢ of Hoyne av, « f, % 3 10292 ft, dsted Juno 1. 1,000 ‘Hoyne av, 1 1, 26x162 ton at, 8 1, 475;x110 Fowler at, 27 £t oo £t, dated Juue 13.. 3,100 1,500 c 7, Lartabee st, 98 1t 1 of Ciyl 155, dated June 2. ‘Wabaeh av, 1053 ftn o 172 1t, dated June 11, 1,750 . 180,000 5,025 4,800 1, s .. 1,400 Quthu st, 230 1t 5 € of Sicarns st, 0 e, 261115 1t, dated Juno 13. 209 Hiutoan st, 101 2107t aof Oakley st, nf,2 125 ft, dased Jun w. 500 W iberty st, 205 1-10 ft o of & lated st, uf, 25x73 ft, with buildings, dated Jane 1 200 Arnold at, 116 f¢ n of Tenty-minth st, ¥ f, 120 2, with buildizgs, dited Apri 2,300 ‘Hinman s, 230 1t, w of Leavitt 1, dated May 23 < &0 Binman 8t, 51 2] ST Gated tay 71 L. B0 West Teronty-fimnt ef, Leavite ot 1 1, 252125 ft, dated Jucn [ Franciaco st, 143 1t 3 of Lake &t, Wf, 23 0-1Ux 1303 1, dated Junc 12... . seos 1500 Bodgsick st, 157 5 1 of Sigol st w £, Bxi0og 1t, dated Juno 8.... 3,500 XOBTH OF CITT LINITS, WITHIN A EADIGS OF BEVEN ULES OF THE COUBT-HOUSE. Lots 12 and 13, Block 1. Moulding & ilarland's B0 i Block 42, Sheflield’s Addition, wita Duilding, dat < June 4. Lot 8 Block 34, Bavenswood, dated June ii.. L 9'in same block, Bavenssood,dated Juge il ot 3, Block 29, Ravenswood, dated Juna 11, .. Lot 3in same block, Ravenswood,dated June 11 BOUTI OF CITZ LIMITS, WITHIN A EADIUS OP SEVEX MILES 0F COULT-HOTHE, Tndivided 3 of Lota 5 107, Block 8, Price’s n w3 Sec. 10, 33 14, dated June 2 4,500 Lot 7 to 4%, Blork 7, Phare'so i 12, 38, 13, dated Jan. 23, s 10,000 Lots 35 to 40, Block 3, of £ 33, in Sec, 16, 33, 14, datad Juze . 3,500 eat 20 of e 40 It (oxcept n 80f 510 £) of Lot 2, Block 2, Cleaverville Additlon, dated June 50 Lots 8 and 9, Biock 50 and Lot 4, Diock 31, Hyde Park, dated Oct. 6, 197, aee 3205 WEST OF CITY LIMIT:, WITHIN A RADICS OF SEVEX MIL¥A OF COURT-HOTSE, Lot 8 of Powell's Inta 12 to 15. in Gray's part e i Sec, 36, 40, 11, datd June 13, . 1m SUMMARY OF TRANSVERS FOE THE WEZE. Tho Tollowing ls the total smount of the tripefery of elty and_ suburban property, within 3 roilus of Beven miies of the Court-Louse, for the week endiag 5 13: Saturday, Jane P— Sales. City property.. ted Snr’flfnf city limits, South of city limits ‘Weat of city Total... OCEAN NAVIGATION. FOR EUROPE STEERAGE PASSAGE By the splend!d steamer L MINNE“SQTA,!I SAILING TUESDAY, JUNE 16. At the followicg verylow rates: To uueenstnfl,rliivnrpuol, G12520W, Belfast, or Londongey 5 To London, Bristol, or Cardif - - - - "7 EENRY GREENEBAUM & CO, FIFTH-AV. 2 NEW YORK TO CARDIFF. The South Wales Atlantle Steamship Gompany's New Firsi-ciass, Full-powered, Clyde-ballt § % Piptecusy, Fullpowered, Clyde-balle Sicamsbips will PEMBROKE, B’ road Whart, Jefsey Cily: PEMBROKE......Juns % Carrying soods aud passengers st through rates from all parks of tho United States and Canads 16 ports fa the Bristol Chiannel, and all other pointa in England. . buflt expressiy for tha trade, are pro. tost improvements for the comfortaad convenience of OABIN AND STEERAGE PASSENGERS. Second Cabin, 85 SENR ) Far further pariicalars, apply in Cardil, at the Com- Dany's Obees. No. 1 Dock Cratmbars, and i New York to ARCHIBALD BAXTER & CO., Agonts, No. 17 Broadwar. FOR EUROPE. CUNARD IMAIL LINE - EST.A'LBLISI—IED 1840. Four Sailings Every Week. « From New York cvery Wedncsday and Satarday, From Boston evory Tuesday and Satarday. Cabin Passage, $20, $100, and $1301a cold. Round-trip Tickets at reduced rates. Bteerago Passago at lowest ratos. P. H. DU VERXET, . W. cor. Clark and Randoloh-sts. AMERICAN LINE The Caly Ling Carrying e Unitd States Flag, Bailing weckly between Philadelphis and Liverpool. Cabin, Intermediate, and Steerage ACCOMMODATIONS UNSURPASSED. Rates as low as any First-class Line. Through Tickets Lower than by other Lines. g Through to Chicago from British Points, $29.50 Currency. Fxcarsion Ticketa at reduced Great B ooad sad e gocuaent. gt low i Office, 133 LaSalle-st., W. . Madison, Chicago. TR Wantora eushs National Line of Steamships, INOTICE. TOW, ‘U] DA?. : o ureeney tervapey ot Bk Hn:inrn :’lckeull lowest rates. .A RSON, Wastarn Axon i Basdalohats. oposic sew Northeast corner Clax Sherman Huuso). Ghicago. CARRYING THE UNITED STATES MAIL. The magnificont new and full-powered Steamshipe Ro- A ‘Britanaic, Ocaanic, Geltid, eto., s and Liverpool o first-class line. Great Rritaln and Ireland from £1 apwards. at., Chicago. ALFIRED LAGERGREN, Aront. ANCHOR LINE. From New York to all paxte of Great Britain, Ireland, and Cantinentr] Rurope every Tucsday, Thursday, and Saturday. Ca frum {33, STEERAGE from N2 Tnited States Currency. Entish ports to Chics RS B D ratts al Iowast yiten. ADDly st Gompeny's Difi N. L. cor. LaSalle and Madison-sts., Chicago. EERDERSON BROTHERS. Areats. RAILROAD TIME TABLE RRRIVAL A¥D DEPARTORE OF TRAINS [EXPLANATION OF REFERKNCE MARXS.— 1 Saturd, +'Sanday excepted. 3 Monday excopled. eepted” rive Sundayat8:0s. m, § Dailv. MICHIGAN CENTRAL & GREAT WESTERN RAILROADY Vst it S GO, it Soney o Rt and % Canalatey corner of dadisons iy Matl (via ma Day Expres Jackson Accommodation. .. ‘Atlantic Exvress, Night Expross GUASD RATIDS Morming Jixpress Night Kspres. 0. m. A mi|e #0p! o - . ({10208 . tm.} B20:a. m. m.| 63020 m NRY C. WENTWORTH, General Passenger Agoate CHICAGD & ALTON HAILROAD. Kansar City and_Dencer Short Line, via Lowirie ana, Jlo,, and Chicage, Spriny Through Line, Cnion Depot, ¥ dridge. Ticket Ofices : At Depot, and 122 Jandolph-st ‘Kansas City and Doarer Fast Ex. Kasas City Expross Springield Fpross. Spriogueid Fast Express JeBerson City Expruss.. Pacris, Kook Cbieago & Paducah Railrnad F: Sireator, Lacon, Wastiogton Fz. Joliet & Dwizht Accommodation. p.m. * 420 p. m|® 9204 1, CHI"ASO, MILWAUKEE & ST. PAUL RAILWAY, i Tieyaty eurner Vlison nd_Canl-sta," Dickst Offiea 63 South Clarkat., opposite Sherman House, and at Dapot. Trave, | Armve. Mitwaukes, Madison & Pralrio du Chien, Mail......,. . [*1 008 m. Milwaukee, Gireen Bay, 03 Puint, St Paul & Migacapolis, Dar Expres *4:15 p. m. Milwauker, Geoea Hay, Stovens| Potur. Prairs da Chion, & . Nurthern inwva. Mall. * 7:50p. mo Mijwankee, St, Paul & > olls, vight Express.. 2 6:45 0. ILLINOIS UEN'_I'RAL wlfiflfll e e o e e i ) Dubugue & Slonx Gify iix. Dubaque & Sioux City E: (@) Gliman Passcager (a) Runs te Cbampaign on Satarcsra, CHICAGD, BURLINGTOR & OUINCY RAILROAN. Depois—toot o Laksst.. Indianaas., ani Sisteenth-et, ‘wnd Canal and Sictrenth-sts, Tirket bfices, No.5d Clarke $on Grand Tucific Hotel, and at depots. Mail and Express... Ottaws and Streat Dabunue & Sioaz City £xp. Pacitc Faa? Lise, for Omabia. Kansas City, Lodvenworth, AL ‘chison & St. Juseph E: : Aurora Passenger,. Kanaar Gity, Leavoawortn, chison & 5t. fosepn K Do irove Actommodatioa|? A odation|* o CHICAGD & KDRT“VE‘ERN RAILROAD. pcas, 63 Clarliat. (Shernun-HHouse), and 75 Crnals L S o ker gt A 8 [ femrn ], aPacifcFast Lize.... . m. v 4 p. . a . aOmaha > ) & . a Erceport . m. a Freeport & Dubugue Esoress.. 15 8. . 20 8. m. B Milweukee Ezprow..... 0 p. m. & Milwaakeo P 73:p. b Milwagkeo Py 120 8 & Green iny Eapress 3. & §t. Panl & Winoos = R . g 2 T a~Depot cornor of WWells nad 3—Drpot corner of Canal and WAL STES CHICAGD. ROCK ISLAND & PACIFIC RAILROAD. rem and Sherman-is. Denot, corner of Vi aren vl Sherman offes, TLeaze,