New-York tribune., 1868-01-04
REAL ESTATE.
Nry.YoRK. Friday. Jan. 3. 1867.

THE nrincipal sale by auction to-day at the
Exchange Sales Room was OF the property Pearl and
Rrdpess being No 80 the former and Nos % and "a
ON the latter street Tho dimensions OF the lot are 346
feet sc feet 35IB feet and 90 feet and upon Is ve
story brick building. The bidding was brisk but the
property was struck down at the low ngure OF s5OOO
We note no material change in the market today. We
learn that the Messr Seth and James Bird have disposed
OF their extensive planning and mills, situated on
Courandtst Tarrytown, for $4,000; the Messrs. John
son. Van Tassen and Fowler the purchasers. Mr.
John A. Hunter hassold his house and lot Coege-ave
Tarrytown, to Mr. william Van Reden, for $500.
THE WEST.
Marked as was the year 1861 by an almost unparalleled
activity among builders throughout all our Northern
cities the indications present are that 1868 will witness
st more rapid growth and more extensive real estate
Especially is this the case in many OF our
thriving Western cities and towns Our reports from ST.
Paul Minnesota show that 4l0 buildings have been
completed that city during the past season at cost OF
s5OOO while many others projected now In process
of construction St. Paul has been pushing steadily for
ward filing up her squares and enlargng her borders
and vet the demand for stores and residences keeps far
ahead of tho supply During the coming year
new meetlnghouses are to be reared ana
old ones improved; hotels, store-houses, shoe
shops, manufacturing establishments, q new Custom
House are be erected and other Improvements made,
which will wholly change the appearance OF some streets
purposes have already been planned at aggregate
cost of 100000 the Farmers Hotel to be finished by
contract the 4h Of July for S250O an extensive ad
dtOn is to be made the Merchants Hotel a cost oil
$4,000 and the CustomH House Is to be pushed forward as
rapidly as pOssble when finished the cost Will probably
reach sl5OOO. The advance in the value OF real es-
tate has been as marked the rapid growth OF the
CITY, Three hundred and fifty dollars foot front
was offered, and refused one day last week for an
unoccuped lot on Third-st., and desirable property
In other portions Of the city is commanding even
higher prices But not only at the commercial and rail-
road centers OF Minnesota builders pushing forward
their operations with unusual vgor but even where rail-
roads have not yet penetrated towns villages and cities
are rapidly sprngng into existence In Sauk Centre the
building statistics for the year foot up SlOs, and this is
in town situated the verge of civilization In an al
most unsettled country scores OF miles beyond the reaeh
OF the enlyenng and invigOratng influences OF railways
the head of navigation that dates its commencement
but little than year back and which In the Spring
was deuged by freshet which swept away dams and
mills and for a while suspended all building operations
correspondent writing from Chicago the subject Of
real estate says Real estate continues to rse n0twth
standing the frequent predictions Of some shrewd men
that II must tumble Numerous auction sales have taken
place this season. generally bringing prices as good or
better those demanded at private SALE There Is an
immense amount OF the 25 square miles embraced
in the city limits yet unmproved. and great deal Of
money has been made by buying tracts OF afew acres
dividing them into small lots generally 25 by l25 ee ana
selling them at auction Central property has also kept
tending upward though generally not as rapidly as that
the outskirts For instance, lot on the corner OF
State and WashingtOnss, on which the First National
Bank will erect next building costing sSOOOO
aud which was purchased in the Spring for $4,000 would
now readily sell for $4,000 than that suma good
interest for few months investment"
4 st. Louis editor, writing upon "House Rent, Land
lords and Tenants" says that the stringeney Of the
times during the year just closed has been such that all
have felt the pressure The years work oos up
nothing or worse than nothing The reason is plain
with constant decline I'm the prices OF manufactures,
there must be corresponding decline in rents and the
expenses incident TO busness. 1t is true the landlords
the last TO feel the general pressure but they were
wise they would meet their tenants In liberal spirit and
bear propOrtIonate share in the general loss. Such,
however not the custom Of this cassnot that they
are entirely unreenting but because they generally
class themselves and being out of business do not
participate the general struggle For this reason they
last to feel and the last to act He believes that
their interest il IL To the interest OF the city, TO
modify and cheaper rents In the midst Of general crisis
drive Of business and out Of the city
lie led to these reflections because IL is apparent In the
daily increasing signboards to let" TO rent "for
sae &C. that the expenses Of living there too high
that the population, dsheartened and dsprited, are
leaving the city The cost Of rent important item in
the expenses OF every family is too great is dspropor
onate to the business Of the town. 1t may be that the
per realized quite moderate the assessed value
OF property but that property was probably pur-
chased years ago for oneha oneourth Of what
1t is worth to-day. Landlords overlook this important
item In flush times it will do to pile 1t on, perhaps but
when business is depressed and the active, live element
Of the city parayzed IL would be well for this class 10
remember even q reduced rent pays very large in
teres on investment made years ago. Let them,
them contribute as they should and aid aud sustain
the people and drive them away il quest Of cheaper
rents cheaper living and better fortune when, II they
could remain until the storm is over they would prefer
to stay.
We print below our customary table Of recorded trans
fers:
NEwYoRK CITY.
NO 5'R Bfo'"N' i99tb $50