The New York herald., 1874-02-09

ous settlements already formed possessing most
even ' single lots may be- oDsnea az tempt
g borne nsIIss tS those VINO have ens 80 inS
TINS direction. Considerable % Of = That inquiry
OF a kindred nature, who design avaiiing them
selves OF tile opportunity now afforded them OF
obtaining real estate within the city AT low 6gures;
One OF tnese ASSOCIATIONS has already commenced
the work Of new settlement, their present de-
sign comprising the prompt erection OF fifty houses,
the nucleus oi What viii yet be populous quarter
Beyohd tns increasing inquiry IN the direction OF
Westminster the market EXHIBITS
4 GENERAL IMPROVEMENT IN TONE AND SPIRIT.
This was clearly shown last week in what might
fairly be regarded az an eplsodical sale Of uptown
property which attracted the largest snare Of inter-
est tnat nas been exhibited IN the open market 0r
some time. Not alone this IN nterest manifested
IN large attendance, but In active and spirited
bidding, winch resulted In very satisfactory prices
being obtained. so true IL 1t that good New York
real estate, when fairly presented in the market,
rare lntervals-in fact, 1t might be almost said
always-plenty OF money at this centre seeking
that KIND Oi Investment. IL has been working
quietly ior some time now; but, AS prices begin to
leel the stimulus resulting from THESE operations,
owners snow more disposition 10 invite the COM
petition OF public sale, with the chances OF its
larger return Thus we hear OF some large sales
as projected, based upon the satisfactory results OF
tnat last week above referred TO. The outlook at
present would seem to avOr the CONCLUSION that
similar satisfactory results will follow uture Oper
atoms oil this kind, AS they have in the past.
..S"J S"AAAASu Wy, buCus VIC IAdy PoiAs oub SSiA
tim as
CONDITIONS AFFECTING THE REAL ESTATE MARKET
AT THE PRESENT TINE,
and stimulating II to activitv:-
Fnst-Ihe crowded condition OF the city below
Central Park. A city that has peOpled from Its
OverhOw an entire State on one SIDE and an area
nearly equal on the Otner, comprising WITHIN Its
limits the third city Of the Union.
%cOa0-Opportunty Tor longitudinal expansion,
as against the previous lateral expansion in the
annexation OF the lower portion OF Westchester
county, which brings large new territory under
SVStem imnFnVpmenL q
more than quadruped and nearly quintuped the
value OF real estate In the Twelfth, Nineteenth and
TWenty-second wards in ten years.
Thtrd-A plethora OF money at this centre seek
ing sound and safe investment, superinduced by
that resulted from the panic, and the addition OF
nearly the whole OF the $440oO,000 reserve to the
permanent circulation OF the country.
Fourut-The discredit brought upon other forms
OF investment by the panic giving greater promi-
nence to real estate.
FU7h-The present chances and the ultimate
certainty Of rapid transit.
StrM-Maniiest destiny and the almost universal
Iaitn wncn the moneyed men OF the country ana
this great city.
seuenM and last-our own faith in ourselves.
With such strong array OF chances in favor OF
activity wnat wonder is 1t that We come across
incipent signs Of this spring activity daily, and
can speak with hope!ulness almost amounting to
The commissioners to whom was entrusted the
laborious work Of determining the awards and
assessments for
THE WIDENING OF THE KINGsBRIDaE ROAD,
from 155th street north to the Harlem River sub
mltted their report last week. This report en-
braces the labor Of two years, and provides for
total award and, Of course, assessment Of 000
Owing TO point raised by the Corporation Counsel
in relation 80 some technical matter, which point
Is now before Supreme Court Judge waiting
decision in the matter Of another report,
the report OF the Kingsbridge Widening Commits
sion was not acted upon but laid over to March
next, by which time 1t is anticipated the decision
IN the other case will have been rendered The
bill recently introduced into the Legislature pro-
vlding lor the appointment OF commission to ex-
anime plans for
RAPID TRANSIT,
with view to the city's constructing the work,
meets with general favor among real estate men.
1t Is feared. and indeed Is so asserted, that An
drew ID. Green will not only oppose the passage OF
any such bill but ObStruct Its operation appica-
tOn in the event Of Its passage. 1t would be well
therefore, for the Legislature should such pro-
ject to be undertaken by the city find favor with
1t, 10 define in such connection the duties alike of
the Comptroller and Mayor in the premises and
make them mandatory.