The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-01-31
REAL ESTATE MATTERS.


Froperty-PrOspects Of the spring Bash
The market for real estate during the past week
has exhibited increased activity the auction mart
PC was not usual last year to hold auction sales Of
aeal estate on the first day Of the week or on Friday
and this practice which is now becoming regular, Ia
n strict sequence TO the extended nature OF the bust
mess ana the requirements OF the market We should
not be surprised II, owing to the limited accom-
smodations Afforded the brokers in their present
Auarters-whfch, In the months OF February and
March, il the antcipations are realized. will be
Found entirely too small to hold the crowds likely to
'pe attracted there upon the occurrence Of two or
thfee large sales on the same day-and the difculty
pr procuring other suitable accommodations near
Rho BUSINESS centre, II the auctioneers should be
compelled to adopt the plan OF holding sales OF real
ESTATE at night as In Chicago.
As the season advances the signs OF activity in
crease
The present movement in Westminster property.
as exhibited in the purchase and sale Of large tracts
pf land OF which we have made frequent report is
only preliminary to their presentation in the market
in smaller plots. The whole OF the southeastern
portion OF Westminster county, especially where it
'borders the Sound, is destined to feel the quicken
ang and awakening influence OF the increased COM
anerce OF New York city, that will result from the
completion Of the Pacific Railroad, and which
with tho removal Of tile Instructions at He'll Gate
WIN spread itself along the eastern river front north
2rly. and change the entire topography OF this city.
IN the southern and eastern eXtremities Of West
Of he Ds w
Fhe Paclhc line. The Harlem and Hudson River
roads are already preparing for this change
ei2n OF dlsposing OF their real estate
Situated down town, while the Erie road VIII fnd
3n the completion OF the Highland Suspension Bridge
p means Of extending their connection to the same
point The passenger depots need not necessarily
Follow this new direction OF the freight as the whole
sale houses in which the various products OF Europe
Asia and America VIII be disposed OF, by samples,
win still be located on New York Island, probably
AOuth Of Fifty -ninth street.
/. The Importance OF the early completion OF the
aocality for homes within the state for the great
army OF workers OF all classes who will be thus
k1e advantage to the revenue Of the State gained By
their residence and that or their families may not
20 lost IN the removal OF their homes outside OF IT'S
1tmts-whch would naturally follow from the exist
Ence OF improved facilities Of travel in that direc-
tion-here claims attention. jersey City, H0boken,
Ous towns on the New Jersey Central and Erie Rail-
roads, now within rapid ana easy communication OF
and their
Indeed, in many cases, actually their existence and
whatever prospect OF future progress they enjoy, to
the growth and commercial and financial pros
Eity OF trade here they spring into being
Materially and socially they are dependencies Of New
York. and In their intellectual life reflect the inte-
Eenoe OF the metropolis In each Of them the morning
HERALD Is as regularly and eagerly sought for, to
learn the history OF the daily of local interest
transporting among them, as well as Of those OF the
world, as IN the city OF Its publication and ia as
necessary adjunct to the breakfast tables OF their
business men, But Brooklyn, more shan any
or all OF these cities or towns, Is a part of New
York-as much any Of the uptown wards
and claims more consideration and favor with
Sta1ens generally N ne Development and pe estso
1t IL part OF the State and In aiding its growth and
material prosperity we tighten our burdens OF taxa
ton, by creating sharer In their distribution every
year better able to relieve or present proper
tion; while If We neglect to do this, and when the
eas ne ea a people ses
great portion Of the benefit likely to result from
that development OF business activity which Is des
Mined to convert Manhattan Island into city OF
shops and storehouses. These considerations
deserving Of attention by our ate and city author
hevled upon their real estate heavier than they de-
SIRE and should receive due thought
| With the completion OF the bridge the time win
come when IL WILL doubtless, be found that
The maintenance Of two governments in
che separate sections Of the grea. city is useless
both under one municipal management may, per-
haps. be found the true solution OF the present d
cult problem OF On enective, economical local adj
j 10 the meantime the appreciation Of Brooklyn
sant future, to the accomplishment or this end
continues steadily and logically Being much lower
m proportion 70 1tS distance rom the present
business centre OF New York, considered with regard
60 the time required In the transit than other points
ri interest," It Is much sought for. especially IN the
heighborho0d Of Prospect Park, a. a permanent In
%estmcnt and promises to be largely represented In
Abe auction mart this spring. by the way the direc-
Zion Of the public mind towards Capitalization has
had recent exhibition here In o movement 10
hnnex East New York with Brooklyn, the proposal
originating with the property owners OF East New
York. and the discussion OF the advsabity OF inc0r
porattng within the city limits the other townships
In Kings county.
|, There has not been much done this year vet In
Esw Jersey property, the season Of frost and snow
psua about this time not being considered the most
favorable for bringing property In that State Into
hbe r1arket; but when the warmth OF spring shah
hSve clothed the ground IN It's carpet OF green and
hecked the trees with leaves and buds inviting the
t0ty OF the city TO seek rest and health among its
pieahapt fields, then we may anticipate another
seties Of extensive Sales OF New Jersey lots Ito be
1eld on the ground"
In city property the prospect Of the opening OF the
Pacific Railroad In July next has given fresh I'm
petus to speculation, and operators, without waiting
Tor the opportunities Of public vendue ara buying
and selling largely at private sale. We have ALREADY
published particulars OF some very heavy transac-
tious OF this kind and give notes Of Others to-day.
Renl Estate Notes.
The following sales OF city real estate have been