The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-18
REAL ESTATE GOSSIP.

Continued Stagnation i'm Business
Rapid Transit Once More-Jubilee
Sales Extending All Over the Country
Tho Excessive Valuation OF Uptown
Propcrty-The Number OF Applicants
for Correction.
my dear fellow, we are doing absolutely moth
ing in real estate at present; have done very
little since the LIST of last month, and expect to do
less until about the middle OF September" These
were the words used on Saturday by an eminent
broker who had 'just come up from the Branch to
attend to some business that could not be post
poned," and his statement reflects the status Of
the general business as it exists in this branch at
present Real estate transactions are very quiet
and will remain so for q few weeks to come. But,
on the other hand, every one comedies q brilliant
FAN season to come, which Is based upon the firm
ness OF prices maintained on city property, the
hurrying home OF capitalists now abroad and the
existing ease in the money market. The major
portion Of the
LARGE ESTATES LEFT BY DECEASED CAPITALISTS
are mostly all disposed Of and at present there are
very few large parcels remaining which will come
into the market. Thus far we have heard of but
one estate Of any magnitude to be offered at public
sale during the ensuing Autumn. If this land is
really sold considerable west side property will be
released thereby, and we shall then witness such
another rise in realty situated the bouIevards
which will astOntsh the natives.
RAPID TRANSIT
however, is the burden OF the song chanted by
every land owner above Twenty third street, east
and west without such conveyance it is useless
to try to bring uptown property in active compe-
tit0n with that located IN the Vicinity OF the Cen
trail Park near the lower entrances. On the
RAILWAY and the proposed CONSTRUCTION Of the
Gilbert road have values OF Westchester posses
sions become enhanced in proportion to prices
ru1fn Mo- haff Qn Ial nd nioa mat
now be made good.
have not only been more numerous this Summer
than any previous year, but they have also been
more successful The high prices Of rent prevailing
10 oeS for
and more commodious accommodations; hence
lots, which short time ago were only known as
At greatly rates. Se lever Of fu selling
Il u9 20 s sses snv ass not s S c
but the system has been extended to
places hundreds Of mics remote The latest
fashionable spa Of the United States where Mr..
Jere Johnson, Jr, OF this city, was called to con-
to state that the. sale was as complete as it WAS
novel. Upwards OF ten thousand persons attended
jubilee s Band The prices Obtained I there were
marvellously high, the purchasers, as general
rule, being strangers to the place, most OF whom
the lots purchased. The success of this sale has
been the means OF Boston parties engaging the
services OF Mr.. Johnson to dispose Of large parcel
OF land In the vicinity OF the "Hub.n
THE VALUATION OF UPTOWN PROPERTY
subject ag1tated by lew landowners, who ina
CINE themselves aggrieved by what to them seems
excessive rates-has received considerable atten-
ton at our hands, especially since committee
from the Common Council has been investigating
the alleged inequality OF the ratings short time
ago we published q statement made by the Tax
Commissioners IN relation to excessive valuation
OF property in the upper wards, setting forth the
aggregate increase over the years Of 1870, VI and
~ and the ratabe taxatiOns. In this the Com
missioners stoutly defend the position they have
assumed by adducing solid facts from the figures
they show, and deprecate the idea that any dis
elimination has been made against the three
upper wards-namely, the Twelfth, Nineteenth
and Twenty second. The annexed table will show,
by wards, the number OF applications made for
correction OF assessments on real estate, with the