The New York herald., 1869-04-13
Reul Esfate Notes.

At Westaeld Union county, n. j., saturday,
there auction sale OF hfy-three lots at prices
ranging from $3.50 to $500 per lot.
The Chicago Times applies the recommendation
made here some time since respecting the manner
OF conducting suction sales TO that city. Its issue
OF Saturday says:It seems hardly necessary TO say
that auction sales OF real estate, to be profitable.
must be such that the public will have confidence In
the managers OF them. There should certainly be
no terms conditions hidden from the purchasers.
II the property does not bring what 1t is believed
it Is worth 1t should be withdrawn from sale; but
the disreputaoe practice OF knocking down the
purchases to fictitious bidders which has so nearly
ruined the business In New York, 1t will hardly be
profitable 10 repeat in Chicago. Yet II IL reported
tnat, at the small auction OF property on Thursday
afternoon, there were persons present whom the
audience believed to he leagted with the auctionecr
TO up prices. And this II Is said, was the rea-
son why the bidding ceased, the audience melted
away aud the sale was terminated after the sae OF
hail dozen lots.
Ihe same paper further says:-There are many
specific Instances Of remarkable lorsines that have
been made In Chicago by dealing In real estate;
but II IA not probable that there are many
cases Of ~ rapid appreciation oi value as fol-
lows:--ln the month Of February, 1867, Mr..
james Moran, builder, OF this city, bought
an acre land OF Judge John NJ. Wilson Tor $l.U00
Ihe land was situated ON Indiana avenue, near Six
teenth street lie sold it, after holding 10 for seven
months ldY $500, thereby making lSo per cent.
The man to whom he sold held possession Tor about
a year when he sold for $4,000. The party who now
has possession win not take $4,000 for the acre.
1he Aurora Beacon says Judge s. ID. Lockwood, OF
Batavia. who, with Stephen A. Douglas. bought
tract o forty In south Chicago several years
ago, for which shey paid 500 per acre, mas just sold
his share for $4,000.
Tne transfers OF Chicago real estate, as published
for the last few days. show that property within the
old city limits IL much more active, comparatively,
tnan that which lies beyond those limits.
Tue Huntsville, Ala. Democrat OF late date has
the following respecting real estate In that city,:
Yesterday great deal OF real estate was sold for
taxes generally small sums, which the better indt
the scarcity OF money or the difculy Of collect
inu lt notwithstandlng the large amount of cotton
sold at high price which u seems ought TO have
brought plenty OF money INTO this county The nne
larse brick dwelling and large lot on Adams avenue
belonging 90 the estate OF William Mcdowell de-
ceased, we're sold at public outcry for cash, and
bought by Hr. Francis j. lie Vert for fi0,7Oj. The
dwelling house aud lot on Franklin street belonging
70 Mrs Maria Erwin have been sold privately 10 Mrs
Neakley for $500.
The Daily Il.iand Empire published In the white
Pine inning district Nevada, has the following real
estate iteIn. which EXHIBITS the summary manner IA
whcn they dispose OF questions Oi ute Ia that
Deighborhood:--Quite an excitement and consid.
eraoe Amusement was created on Main street.
Hamilton sunday afternoon. by the cry or LOT
Jumping man accused a countryman and CO.
relglonist mot particularly noted Tor puzillsml ol
hasing Jumped lot, upon which said eOuntryman
Was Az tue TINE working with pick and shovel.
hlgh words cnsued, large crowd, was soon at.
tracte1 70 the spot aud matters looked squaily for
tine; but the matter ended 10y the real estate
operator going down. az n 10 draw Derruger-
about wnicn time the accuser had urgent business
The same paper says concerning prospectinr:--
Notwithstanding the snow stu covers our, noun
tain sides 1t does not appear 10 chill the ardor of
hardy prosptctOr.. ON saturday last a party OF
young men from Hamilton discovered several prom.
ising lodges between three and iour miles from town.
IN westerly direction. locations and extensions
have been the order In the vicinity since. Among
| the new locations from which we have seen some
| fair looking ore, are the Midnight aud the BipQs
The Base Metal Range IN being pretty thoroughly
prospected IN the neighbOrhood Of Sllcrmantowu
| and many very promising lodges have already been
! discovered.
Recent surveys, u ia asserted show that Salt Lake
IL steadily rising; that since the earlier surveys IL
has risen thirteen feet and rising al the rate
OF one foot per year. Much land formerly cultivated
" now submerged.
The speculation In real estate In Chicago Ia begin.
ming to excite attention abroad. A Ihlade mia
paper thus comments:-An unimproved ot OF
seveuty-six feet front on the corner Of Michigan
avenue and Fourteenth street, sold recently Tor
S3O0U, or over $500 per front foot II IA stated that
| the total sales through agents alone average
100000 per week In the vicinity OF the great
parks the advance In property has been especially
rapid. Comparatively Wild IaDdn which a few