, 1874-09-21
REAL ESTATE.

No ono expects the real-estato market 10 show
any considerable activity till after general busi-
ness hnB been prosperous for yoar or two. Sur
plua funds arc invested In rcnl ostate aud, until
these accumulate, and can no longer 10 proflsa-
bly, used In trade or manufactures. transactions
are confined matuly to purchases for improve
ment mud occupation. That money IL worry
abundant atl over tho country. does not givo any
definite promise as to when holders OF real egtato
may hope to rcalzo. Till tho great public arc
satisfied that 'bcd-rock" las beon reached aud no
further shrinliago can bs expected, an active
movement In the safest Of all Investments can
not bo expected, That they aro 80 when judicious-
", mid sometimes oven rocllessly, mnde iu and
near grcnt commercial ccntres, il attestc.l by tho
hiatorY OF all tho citics in this country. Whilo
IN mercantile Gfo moro than ninety out Of ovory
hupdred-ns proved by the most carcfnlly-pro-
pared statistcs-fail, those who haye "acre-
property, or any considerable realty III our great
cities, and can manage to hold OIL to it, always
mako their fortunes. OF course taxes and in
terost, il they have much OF that to Pay, may
''eat thom up" during long SEASON Of depres-
slon but it il fact wcll understood, that, while
one Stewart may anass q great fortune as II
merchant mere hy lar tho larger proportion Of tno
rea! estntoin OUT lc4aing cities.
As au example Of tho way property has appro-
eiated
IL NEW lonK,
tako tho following from tho TIMES OF that city
Of tho 1ith:
Tbs following the fnca III relation to tho n.Iyata
sao o1 property on Thirsy~secon,i Btreet, between
broadway and Sixth avenues ". IT, Iiay1,oF sold ono
aud two-ilfh lots. corner broadway aud Thrty-Hcc-
o4 street. !? est on broadway W fent On hrty-src-
and street, 40 geet Sixth ayec aud los feet IN ho
south nne, with four ,fanr-story brick stores md
dwellings thereon, for the SUN Of f175D0O which nro
now rented for $lB 900 par annn Il aI eyltIuco of
The great Increase of rea estate in New York City r
hs5nos akss thG e hfo9w9g Fly M le to taid
sast. il isss for s4o aain so tSa, il iHu' isI;
IT, 5ooM as liz sa1 ~. aow Ssa1 ~ is a. f9r ,s W.
profit Of 5000 900, owning them only twelve years. io
aiways rtcevinga laEgo relMl on ho price paid TOR
Bank prcaEe lis Property "a % fase ocan aer
their Bank. Tho present bank 1s located In Canal
asreet.
Instances in abundance might be given Of u
like appreciation III this city. Tho Writor wan
offered, IN April, 1862. fourteen acIeA lnl1nonte
1y south OF aud fronting OIL Twonty-sccoAl
street. aud through about tho contre OF which
Mietttgan avenue runs, for $500 per aero
$1,000, 10 ror cout down, balance In ton years
at per cont interest. Tlie fear that he might
not DO ablo to provide for the tntereHt md taIos
deferred him from purchasing. friend WHO
went with linn to look at tho properly took It,
andiu eght months sold 1t for $1A, ,0OD, ,-,naklng
= clean profit Ut 81, 600 OIL MI inycHtlnout OF
81, 900. The property ia nov valued by MI OK
lericAcol roal-oBtato dealer at
OVER ONE MILLION DoILAHH!
All thls In twenty-five md Q latf yoars.
alost a'on who haYo heen it, tho city quartor
OF y century, and are n.il numbered a.onH "the
labofing claAsos, have mado a!ullar narTow es-
capeH from boinB rich. In fact, tho whole city,
or almost any past OF it might be given AZ Al O.