The New York herald., 1850-03-19

nearly two and half millions Of dollars In specis A
portion Of the California gold has gone into the mint
another portion has gone into circulation, and an.
other portion In the old stockings chests and other
boarding places Of old women and other hard earning,
Individuals, WHO will be pretty sure to ksspi It.
The sales Of public lands In Wisconsin, for ls49 show
how rapidly the State 10 nng uo The aggregate On.
tries at the three land ooss in the ststs during l4e
were 795.e4e scres, follows:-
sALrs OF PuBLIc LANDS, wIscoSsuw, 1s4o
Green Bey........ 81 6s7 acres 2lOl8s sc,es
s,;n..s, p,,. ps,,..'''''' ~ $50 79l79
2s.,a6 so2eaa /.
Cash receipts for the year. $3.50 240 92
aggregate ehtrics .7so. .o40 acres.
The whole quantity entered In 1s4s, wss l,Oll,4ss
acres and rather less Of the axers
gate entries were b. land warrants.
The movement In real in this city, some time
past has been quite and spectators have got the
ball In pretty rapid motion It will bs that the
operations thus far have been confined almost entirely
to land property. Lots in the upper
part Of the city have chsns.d hands three four
times within the past Elk months ct On advance In
prices every time ard the probability IL that during
the next six months, they will change hands many
times mere; and those Who unfortsnate to BE-
the st holder holders when the bubble bursts wiz
be Without doubt heavy losers. There appears TO BE-
81 at objection among peoulstors opsrsts In produs-
tive property in houses rent and pay
Ing annually good interest the cost. Unimprovsd
and uDproducvs lots the fsvortss Of spesulators
and those who purchase do merely the purpose Of
heldiDg until they realize better price. This pre-
vents great deal Of building and tends very materially
to check the growth and sion Of the city N has
svery great ipnuencsn keeping mp rents and innAtng
prices Of property beyond its real legitimate value
comparison Of the number Of new buldings erected
In this city, with Phsd-Iphs and Baltimore, during
the year lsl9 throws light upon the matter and
accounts in the scarcity Of houses here
ard the high rents rulirg:-
1S49.-New York. buildings erected. =. 1,lo6
fhiladephia " 1000
IT will be BY this that the number Of build
ipgs erected In New York In 1sl9 500 less than
Baltimore and sos less than Phisdelphis. In pro-
portion to the population Of the three cities, there
thopld have been In this city In l8s0 ct least
four thousand houses hundred more
than built. This lie the result OF the system Of
specultins In real estate much In vogss hsrs ana
until the attention Of fpecustors is turned more 10
productive property. We cannot sxpset change.
In view of this state Of things, Il is mot sur.
prisipg that house rents In this city sxessd
those In any other city 10 the world. There II
plenty Of room up town for building, but very fev
appear disposed improve their property. It
Yteoe&
around u.s. growing rapidly ct the expense OF
tar payers in this oity and they viii continue grow
long Of lots In the up per wards refuse to
build. The greatest to this city 10 the large
landboders John Jacob Astsr probably retarded the
growth progress and prosperity Of the city Of New
yorh than any other and II tis mprsssion
that his hsrs executors aud asdgns will follow In his
footsteps This and several other large estates hold
an immense number Of lots up town, upon which NO
auta havs hesu "A
and they probably will remain. These lots ere an
nusly Increasing in value sucisnt pay the interest
their original oost and that 10 all these ovsrgrown
capitalists want So long ss We have such among
mutt expect to be behind other cities In the
structon Of dwellings and 10 advance Of all other oitee
In rents The moot prsiog class Of our city
boast o. s builders aud fast their means
permit they purchase lots and put up baildsgs In
fortunately, they have the equal 70 theiR
vantr, and their progress i therefore, comparatively
limited.
As regards the market value Of real estate Il is ct
prsssnt, rather speculative The great abundance Of
money, and the difficulty experienced In finding safe
and profitable employ ment for capital, has induced
tpeoulaos abandon fancy stocks and all sssh worth
lees stuf and take hold of soas,hng sold, sub-tanaI
something that has visible, nt,insie value; and the
result has bern yer, rapid and very great increase
In prices The bubble is stl undergoing the process
G sSpsDhon' ana u pftbaoiy VII be extended mach
beyond the present point. The ibhston will, In this
- In every previous coptinss until explosions
takes place II Is in possbe to srrest such movsmsnf
lindsay, or vbsn IL has reached reasonable expansion
and the resut H. therefore ruinous 20 those Who come
In st the eleventh hour Lots generally. are, ct ths
moment ,elling ct prices much above their actual
value fer building other purpose; but they pro-
b-bly win 60 much higher, aud much money WILL no
dsrb, be made and lot By rhoss who In for rome
months hence
1beesnss of the State of New York VIII zoe be open
before the let Of Nsy aud 10 psssibls that they meg
not be In order ., that tine for navigation. The
vcrk nov In prrerrss NUT be oonplstsd before the
csrss be oSsred and In Iusacs Of is nature
and extent, It cbnuo, be foshsd before the 1st os
ksy. Much, ho~s,er, cspeDds upon the weather.. The
CstL Commissioner haze, 10 modifying the tariff OF
tolls the esrsls OF this State male several vsry
important reductions.
NV loRk srArr csssLs-AIrsRAyioss YnrfcEr
CHAhsEs
-tsf9.-- g-lS'0.->
cts. ~. ~. sf,.srlr-
o. prrt heop tud lard. per 900 peunss
On ga ted hsh ana e,h In srtr, rsr loo