New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-24
REAL ESTATE.

NEw.YoRK, Saturday, Jan. "a, fslv.
The coming week promises O considerable
revival the auction business Messrs Muller wilkins
a Co., T. II. Ludlow Co., and A. j. Blocker, Son Il
Co, advertise number Of pieces Of valuable city prop
ery to be disposed of ct tho Exchange Tuesday The
accumulation OF currency in the vaults of tho city banks
still continues and getting to DO quite large. promising
greater in the money market than the last
year-an influence having usually q considerable ten
dency TO strengthen the prices OF real estate.
The real estate market at White Pine, mining district
Of Nevada quite notorious few months ago. is thus
viewed in The San Francisco Buiietn: One year ago
everybody here seemed crazy get hold OF town prop
locating, buying, jumping, fighting and resorting
almost every other means for getting possession Of
this being sometimes effected by Of ncosure
that IT, by punching few feeble sticks into the ground
at long intervals and connecting them by of
hides ropes and often with nothing substantial
Irvine towstrngs Yet this answered every pur
pose-t in the eye Of the law deemed constructive
possession and than Of these claimants has been
acquitted for killing respassers on lands thus ncosed
for the strife after this wretched and now generally
worthless species OF property, contention riot and even
sequent scrimmages. its violence and bloodsbed, is all
the owners OF houses can now inhab them in
peace and the possessor of town lots hold them without
let hinderance Even stores and business places,
unless eligbly situated scarcely worth conendng
prices Of real estate Stores that readily commanded
monthly rents OF $500 ten or twelve months ago
be had for $780, the price of choice lots having fallen
equal proportion OF course serious disappointment has
eDsued To many who had counted ON certain income
from Investments In this description OF property, while
others who had built houses for rent upon leased lands
have many found IL ypedeDt to surrender the
same with the improvements, to their landlords Con.
tracts entered into for the purchase Of real estate have
been generally ignored, no one pretending TO observe
any longer attempting to enforce them. Aud now,
lest those abroad should get the impression that snch
falling of In the value Of town property is indica
tive OF like decline In all other values as we'll OF
generally distressed state Of things here may well
say that such is not the casehat while there has been
great reduction Of prices generally this reduction has
affected few other things to the same extent as real
estateaDd that the depreciation Of the latter followed
by lower rents, is looked upon by our people most
fortunate the former prices expressing the
laborer and proving universally hurfu In regard TO
losses suffered by this decensiOn in the prices Of real
estate they might well fail upon present holders
upon any else SINCE had they sold out II must have
been sustained by whoever might have happened TO be
the purchasers"
We note the following sales Of Washington Heights
property made this week through Potter Brothers, No 81
Pinest.: Washington Heights, $45 000 l6
at Inwood $4,000, Plot No. OF Dyckman estate,
$4,000
Mr. Robert J. Law has sold his property known
Union Hail. In the village Of Mount Vernon, for $4,000 TO
Mr. Thomas Butler Of New-YOrk.