The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-09
REAL ESTATE MATTERS.
Raal Esfafa N0fea.


James Crooks has sold to ex-MayOr William q.
watson twenty three lots OF the Madison Park pro.
perry at Paterson N. j. for $1 500, or $500 periot
The real estate known "a the Darlington pro-
perty, on Broad street. above Green, In Newark.
N. j., was sold 10 Alderman Orson wilson . Few
days ago for 900. 1t has Broad street frontage
OF seventy-seven feet and six inches, with depth
Of 1870 feet With the addition Of the corner lot It
would make handsome site for the new hotel.
Last week the Board Of Directors OF the Norfolk
and Great western Company. In session In RicA-
mond, contracted for the sale OF 100000 acres OF
land now held or hereafter TO be acquired. to the
Virginia International Land Company, composed OF
q number Of wealthy gentlemen IN New YORK, Seve-
raj OF whom spent two weeks In the early part OF
June examination Of the country along the line OF
Correspondent writing from Philadelphia says
Real estate here in Philadelphia has experienced
years sass are duh and * but rare occurrence IN
comparison to what they were before the war Thus
~ o. ~ to New
is Rut Of houses in the Pniladelphia market Thas
is to say, so many were built during and immedt-
atey following the close Of the war, that the supply
Is greater than the demand. This glut he's made
many building materials cheaper, though the price
ample, which during the war brought from thirty 70
forty dollars per thousand, now command 0ny
s.. or eight dollars Per hSgssns e
or because they were Unlonists and thousands mere
AFFAIRS should become settled. The great bulk Of
this population has now returned south, whion TACT
affords one explanation OF the glut IN houses. me
vogue here for fifty years Ia great blessing to those
In moderate circumstances, and. IN view Of the
greaG benefits conferred, 1t is certainly matter OF
surprise that 1t has not been adopted IN all tho
Otner cities in the United States Here 1t is within
the power of every One however modest his income,
70 become the owner OF snug home IN tne course
T There are over 200 Of them In Phiiadelpha.
BrOOk1y gives the % ss
now IN successful operation some nine cooperative
building lot associations. The first efforts made in
this direction took place In the winter OF ises-o1
Greeley Mr., Blanchard and MI. HICKS besides
others, made addresses on the subject during that
year, and three organizations taking their start
from that beginning, have since sprung into exist
| ence. The first encountered some preJudices; but
in June 1857 1t had thlrty-nve members and cash
the Eighteenth ward, Of Messrs. jacob 4 A. M. Suy-
DAM dividing into thrty-nve lots, the cash capt
tai Of 1000 on hand being paid as the first IN
| staiment. The w0rkingnen have promptly
paid their weekly instalments, and ON the
original cost OF $4,000 they had, up to the LIST Of
July as paid over $500 Inspired ey tho suo
| tied on much larger scale: with membership OF
! ITS and with an equal number OF lots They pur.
weekly instaiuent Of So each. This society, only
organized In the spring OF 1885, has already paid on
$lT,S0o Of its indebtedness Society after society
has since been organized until Brooklyn has, az We
have sat not less than nine cooperative building
| lot societies. which have paid an aggregate OF
$o4 476 ON properties bought at wholesale, at an az
gregate Of 1892 205. These lots. which are appor-
toned to members at cost prices, have already IN
creased onet third In value being now worth
$2l6, 3O5 tenth, called the SOQthside Society, u
also being organized, and movement is under dls
cussion for building houses on these lots on an I'm
mense scale upon the same cooperative principles"