New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-01-07
REAL ESTATE.
NEw.YoRK, Monday, Jan. 6, 1868.

NEw.YoRK, Monday, Jan. 6, 1868.
No sales by auction took place at the tx
change salesroom to-day, but there was large attend
ance Of real estate and some property changed
hands at private sale. There to DO no anxiety on
the part OF real estate holders to part with city properly
unless round prices arc offered and disposed
TO STOP look around and wait for future developments.
The general impression TO be that city lots and
buildings will only not deprecate In value but that
prices will continue to advance.
SBw-JERsEr.
Landlords In Trenton contemplate raising the rents In
that city the coming year. and considerable Interest
already manifested by all classes OF tenants In the
probable result of this writer in one OF tho
Trenton daiies the subjects OF rents, says IL Is
difficult even raise money enough to pay the rents
at the present rates II labor abundant and II the
wages bore any comparison to the prices OF provisions
there would be but everybody knows that
directly the contrary Is the case The idea OF paying ten
dollars month for threel upper rooms In brick house.
and seldom less than i've dollars month in
houses with two families located in obscure streets,
in old and ricketty buildings at that, will
strike the reader as quite and yet 1t Is pro-
posed to raise above these figures We have been
told demands have been made OF go 80 and even 90
per cent the present rates Poor people, and many
families who regarded poor people, because
they have steady employment and keep themselves up,
prospect before them TO know what to do 1t not ex-
peeted that wages will raised We prospect as
yet In the demand for labor Our city au
thorities and citizens even now doing out public
charities, In most careful manner in order TO
enable those out OF employment TO pay the pres
ent rents. and keep their families from starva-
ton. With such q state OF things to talk
about raising rents Is, TO say the least very sur
prsng certain that many OF these tenements con-
sdcrng the cost OF their construction at the present
rates paying largo dividends larger than any other
Investment Bank railroad stock bears comparison
them. The result of this movement will only tend to
make matters worse and. persisted In IL would be
valuable piece Of statistics to know how much win be
lost 10 the In the end When people find that they
are driven TO the extremity by exorbitan rents, and
still exoroant prices In provisions they will cling
20 families and let the rent 60 OF course the land
lord will have his remedyhe put them out but II
ongt 70 he remembered that such extensive putting
all probability viii follow, win be very likely
result loss 20 the and loss TO the city Me-
chanics and aborers will move OF the city, and leave
the houses empty for much longer period than the
creased rent pay for"
Some real estate operators in NewJersey are occasion
ally realizing handsome profits In the sale OF cranberry
lands. Fifty In Burlington County were recently
sold for the original cost Of which was only fifty
cents acre. t25 "bog OF 176 acres. partially I'M
proved in the vicinity is held at still greater
price Among late transfers notice the sale Of Mrs
wsgoners place containing four in Hacketstown
10 Mr. James Mitchell for 1900. She has also sold lot
on Mainst Hacketstown with 200 feet front, and hav
ing upon two dwelling houses, for $4,000 Mr Burdette
Mckinney OF Allegheny County, Sew-York, has pur-
chased Mr. John v. L. Boces farm, situated upon the
line Of the canal about mile south Of Bound Brook in
Franklin Township, for s6,sOo The farm comprises
i77 acres. The late Garret stryker's farm
at North Branch recently sold at
auction at <i29 80 an Mr.. Christopher Stryker was
the purchaser. The j. v Dumon farm, somervlle
offered at auction last week but after having $50 an
acre bid for IT, the sale postponed Mr. Albert Roy
has purchased the farm OF Mr. H. L. Emmons In saltwater
township containing l35 acres for so25 at the rate
SIS acre. The John Dovell farm, Hampton town
ship formerly owned by Mr.. Geo. s. Vansickle). was
sold last week TO Mr. John Garfield for $4,000 II
tains $50 Mr. Henry Hart OF Green township has
bought Mr. Joseph Coults house and lot on Halsed ST.
Newton for 5000 cash Mr. Ralph Titus has disposed OF
his mill property, comprising large stone grst mill, two
tenant houses, and about Of land, in saltwater
village, TO Mr. Martin J. W. Youmans, for $1,000.
BruDISG ASSOCIATIONS.
Flourshlne building associations in successful op
GRAFTON in some OF the Southern and Western cities under
the control Of able In sandusky Ohio one OF these
societies has been formed with capital Of 100000 and
another In Burlington, Iowa with basis OF $4,000 These
organizations only afford the workngman an oppor
unity 10 secure for himself home but TO the capitalist
who Is willing TO take stock simply as an investment
they pay good profits The Wilmington star says Of them
III man occupy dwelling worth 1000 and pay $500 per
annum rent four quarterly payments he will have paid
n eight years. t2O and lost the interest these pay
ments amounting TO several hundred dollars more. lie
will thus have paid out nearly 5000 and, at the expra
ton OF the eight years has nothing an equivalent 1t
is true he had roof to sleep under during the eight
years but why not build house the cooperative pan
and pay for Just what he has beeu paying his landlord
as rent There vast difference between paying $500
year for dwelling for eight consecutive years. ind at
the expiration OF that time being the Of the build
ing besde having had the benefit Of It's occupancy and
paying the amount to the landlord without having
anything at the expiration OF the time, TO show for it,"
RECORDED REAL ESTATE TRANSFERS.