The New York herald., 1869-02-15
REAL ESTATE MATTERS.

IL is well known to all familiar with operations on
the Stock Exchange that the current OF speculative
activity variable one. 1t has its tidal changes
irregular though they are, unlike the great tidal
movement OF nature but as constant and inevitable
IL ebbs and nows with never ending restlessness
now setting strong and sturdily In one direction and
carrying upward in Its course certain classes OF Sc
curties and again rececing thence, lifting into
prominence and favor others which 1t had pre-
viously ignored, ever fckie, however In It's favor
and presenting as many varying features IN the
market a. the rolling pillows OF old ocean
in their everlasting movement. With the great
activity exhibited in real estate OF late and cspe
clally during the past couple OF years. this market
has assumed similar character, and the newly
aroused interest In land speculation, which has at
tracted 10 the ranks Of the dealers and operators
such large accession OF capitalists seeking profit
able investments, and shrewd adventures ever ON
the lookout for opportunities OF profit In turning
their wants and desires to account. has had sim.
lar exhibition. But while in the stock market the
tidal prominence and special buoyancy OF any par
tlcular member OF the list has been rejected
In general appreciation or steadness OF the Others
SO also IN real estate, although the leading IN
terest OF the day may be turned in one
a bgoyant feeling Is experienced throughout the
market and prices OF other descriptions OF real pro-
perty are proporiionatey advanced or their rmness
maintained.
Thus II we refer to the dealings IN the market this
time last ycar--or later perhaps-we will find that
property on the east side OF the city In the neigh
bornood oil Harlem, mon0polized the largest share OF
attention, and, under this impetus, lots situated
what was sghtlngly designated as the Harlem hats
the subject OF special activity, and under heavy
speculative dealings, TO the partial exclusion
OF other districts, rapidly and IL was thought
OF the time. extragaganty appreciated. The present
forwardness OF the scheme OF clearing ioll Gate OF
the distractions to Navigation there shows, however,
that such was not really the case, as with the
pletioD Of that work still greater Increase OF the
value or the land on the upper and eastern extremity
OF Manhattan Island In certain 10 result. Subse-
qucnty BROOKLYN property assumed particular
prominence IN the market, and. commencing with
ing to Fatbush and visiting East New York. too the
largest dealings In the market were In property
Of that description. while while the real really busy
animation In New Jersey real estate. There
were OF course exceptional heavy sales Of lots To-
ns suburbs than these which excited great interest
preponderating over that given as the peculiar
feature OF the market nc the time and showed the
iropoliian districts; but in the private market the
current OF speculative activity was marked by the
characteristics we have noted.
The market opened this year with westchester
situated at the lower and eastern extremity the
completion OF the Pacific Railroad and the prospect
OF the establishment Of the depots OF the connecting
lines In the neghborhood Of Port Norris with
the commercial changes likely to follow tho opening
Of the upper channel, stimulating large dealings.
s ana
ments have given H. this description Of property
has, however, been overshadowed by that which
The real estate market that gave the Initiative
| to the present speculative movement, aud ever
since, under the impetus OF q large investment
Park and boulevard lots During the past week the
west sido has re-exhbitBd IT. prccmincncc In the
market, and with aroused spccuativs activity 10.