The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-21
Dull Business Still the Order Of
the Day.
SUCCESSFUL SUBURBAN SALES.
Staten Island Realty Look.
ing Up.
SALES TO BE HELD THIS WEEK.

At the present moment we are In the very midst
OF the midsummer stagnation In real estate bust
ness wi tn but poor prospect for lettering ahead
at least for several weeks to come. with ell the
dulness, however, prices remain 6rm. and We have
not heard OF any one anxious to sell Ut any lower
figures than prevailed during the busy season.
Great things are expected, however. rom the Pail
tranic, when our moneyed men win return from
their Summer vacation and 1t II likewise sntici-
pated that considerable foreign capital will be In
vested in city property.
During the past week we have had but
beggarly array Of city sales 70
report but on the other hand. sub
urban property continued quite active. es-
pecially In Westchester county. A sale OF lots at
Pelham Park which realized over $4,000, 10 the
more noteworthy, inasmuch az this portion OF
Westchester is not included In the annexation.
But the day Of the sale tthc 10th inst) the new
railway route OF the Harlem River and Portchester
Railroad was lnauRurated, which drew together
very large assemblsge. and the sale. in conse-
quence, turned out grand success. Furthermore,
this route opens up this fine country, and the hand
some villa sites at present dotting the vicinity OF
Pelham Bay will soon be cut up into building sites
to accommodate the rapidly increasing tide OF
Westchesterward emigration Tho next success
full sale In this county was held by Jere.
Johnson, Jr., on Thursday, at Wihamsbridge, on
the estate OF the late ]. 8. Palmer, realizing up
wards OF sixty-six thousand dollars, the particu-
lars OF which we published on the 10th instant
The other auctions at Far ROckaway and Plain
field. N. j., were not 30 brilliant as were antici-
pated. The last mentioned estate, formerly
belonging to J0nn w. Norton, the defaulting Su-
perintendent OF the Money Order Bureau OF the
New York Post once under General Jones, was
mt NJ nnhl nv 4
Blocker, on the 18th instant, when only
about one-nlth Of the property was disposed
of General Jones. who was present, with
only two OF the bondsmen deemed 1t due to the
remaining five sureties, who were absent, to pay
some difference to their opinions, and finding tnat
the prices bid very low, adjourned the further
sale until the 10th instant, to be held at the Real
Estate Exchange Of this city. While General Jones
is ostensibly the trustee OF this property for the
United States the same is not sold for the benefit
sof the government but to cover the amount OF the
defalca,ion, some $7O,Ooo for which the ex-Post-
master and his bondsmen are held The estate is
very fine. and one Of the best appointed in that
county, Since the sale several Offers nave been
made for the remaining lots at very fair rates.
THE EXCESSIVE TAXATION OF UPTOWN PROPERTY,
commented upon at length In this column on the
.A5th instant, based upon late proceedings in the
Board of Supervisors, has caused great excitement
owDer. in the S Twentyrst Nineteenth and Twelfth
wards IN particular Considerable anxiety Is felt
was referred the Examination Of the tax rolls and
the report OF the particulars In the alleged over
S Se Sap
counsel, and as the City Fathers have adjourned
over until the , end Of the s, dog days, 1t IT,. is
until Fan for enlightenment on this
very mpSrttant subject per cont
Supervisor making the charge OF the excessive
taxation In the upper part OF the city, the effect
upon properly IN TINS secGh ha must De very asas
somewhere, and that. on close examination OF
the schedule marking our taxation, the error win
be rectifed and our city be spared the humiliation
of sailing under false colors. Property owners
accept the status OF assessments on the basis laid
down by the Legislature on confirming the annual
levy. Thus, when the taxes are rated at IN per
cent, they claim that that Is the legal enactment.
an imposition and betrayal Of trust which cannot by
any means be conducive to prosperity or encour-
age investments in our local realty. The worst
feature OF the whole business Is that the enormous
taxation should arise from reform government.
We must, however, patiently await further devel-
upon this highly important subject
STATEN ISLAND REAL ESTATE
mas been out .te quoted 9S IN our columns curing
listed therein. Lately, however, considerable effort
has been made to resuscitate the Eight little
island" and the prospects for this picturesque isle
are Frightening very materially. A large number
Of our citizeDs have availed themselves OF the npe
sceneries offered and cooling sea byeezes to take
up their abode during the Summer months At
Staten Island, while others, unable or unwilling to
pay the nigh rents demanded IN TINS city nave 10.
published the details OF q sale held at New
Brighten By 'ete ;noS On
realized very good prices. Most Of this
property will be built upon in the course Of few
izing to built large hotel At Hamilton Park pro-
vided Mr.. Hamilton win dispose OF the property.
s has tss lar an osT @
Tor so doing. The bridge across the Kills at New
Brighton viii be erected this FALL thus uniting the
island with New Jersey at Perth Amboy. Only re-
suits beneficial to both places can ensue from this
'lron bond" Every citizen on staten Island is in
terested in this enterprise, and for every dollar
subscribed real estate owners Will receive three or
four to one in the increased value OF property.
In addition TO tne aSove we are nIUrmed an
factory, which, when completed, Will give employ
ment to about one thousand hands to operate the
same, and have already purchased 200 hundred
acres OF land in Northhed FOR this object will
commence operations Immediately on the return
have been transmitted there for approval and
confirmation.
in the city. as well the suburbs, are rather
limited and as folows:-
ya n.r gcn so. sqs AsD , Sov1urspA, sgaY2a
between !ssS and sssh sss ssss7S9ioo % Az,
18th st., 5, between stR and Madison avs; size.
l0Ios lssd and l2ih sta, i7S IT. e. of Grand Boule
WEDNESDAY, JULY g. AND THURSDAY, JULY a.
1000 lots and plots at Irving City, IL miles from
Newark.
.M n. GIBSON GEssEx crrr,-xoNpAr, JULY q.
The plot, 75xl00 containing lots
southwest OF Hopkins Qormerly Clinton) and
Concord Qormery Harrison) ST. fronting 10 # Hop
kins nv, and 100 IT, on Concord 81.
The lot fronting on s. Hopkins FORMERLY Clinton) av
between Montgomery and Oakland avs 25xlO0
TUESDAY, ~.
Four lots Nos DOL 2O3 EOS and 2O7 Wayne ST. Jer.
sey av., each 20xl00
WEDNESDAY, JULY q
Two lots 372 Wayne st. and 355 Railroad av Jersey
City, each 25xs6
~ A. d. MKLLrcK, JR, AND BRorHER-ruRspAy, JULY 20
Continuation sale of the Tinghast property at New
ark, N. J.
JAMES xnLER-wrDSEspAy, JULY q
under the direction of George A. Hasey, referee)
No. 80 East 18th St, house and lots sL9 IT. 'front.' 70
rear, 90 e. 8. and 95.7
THURSDAY JULY
under the direction OF Thomas II. Landon, refcree).
lot OF land of 34th st, 626 IT, g. OF 10th av
20 l0x74L
FRIDAY, 20
under the direction Charles A. Jackson referce).
lots of land Of LIST ". and. l04th ST.,
100 11x175 n.
auUrnrn ruurE rnrarurur nr A nov