New-York tribune., 1884-12-28
F4rORABLE NEWS or neatly
why the MARKET is srRoNG---HotipAY puiNfsa
RULING.

The real estate market last week fully syinpa-
tblzed with other markets regards dnnras bu defea
from them un arruunt ~ the nature ~ the marker NJ
maintaining values unchanged. Whatever may r held
~ store of OPERATORS AMI owners after the nesnnr w
tho ,ew traf n IL iaet That tb the install holiday dn
upss No aipi that whe ct'nes ipn the general ae-
,,,assoU Ia pVsness the,h Whit iew rtlta'p Nahsae
inns W Importance, sht The anptloh shlrs were hn'
WaghA ef sreeai attention thp iper'h ~ erhNrtahpes
iast weeb showed another lalliNs Hh lihih VAC pnir
spaudHg peFai " iasi ipaF lNeie Npip iHn 'prWlph
iuyol,iug ,slues 81 the algUnt ~ Fynipni, asAhs'
I66 o0nVeyanoes Ia number and Fbhsbnip ~ aWu"hi
for the SAINT weeb last year u s n0i pleasure !" h"le
that the gagos i5i Ia number aud @i7a'f's ~
amount for last week, against lis mortgages hNm'lhB
~ 726,sGi for the corresponding week year aga
Along with other interests real estate dealers are look
ing 10 the new year to bring in era Of renewed coni-
dence aud activity.
The ocular position of real estate IN New-Nork City
must be considered when wonder is expressed at the re
markabe strength shown by the real estate market III
the face OF the declines in the prices of stocks and com
modities There are some cities which expand even
when many of their neighbors suffer sagnaton born OF
the crInpng OF industries AMI the poverty of spccu-
lators In many respects Manhattan Island realty pos
sesses an Inherent strength sufficient 10 DEFY the con-
dtions which etard the growth OF mary places or even
put them on the downward path Ihs pun lea'ure "I
the market well put last week By v H. Stevenson
in chat with TRIBUNE reporter Mr. tevenson re
ferred the quick revival OF France ater her payment
to Germany OF enormous war indemnity as penalty
for conducting disastrous war The secret OF her eas-
tcity lay In the wealth poured from alI EUROPE hlo
France and the secret OF New-Iorks power he argued
was in the concentration Of money here not only from
America but from across the 9cean harrow area ana
attractions which draw spendngIrOncy were certainly
important elements governing the value OF real prop
ertv New-YOrk Island" continued dr. Stevenson.
conai, only Il 800 acres. out OF which there are lOOO
acres taken Tor PARKS. OF the remainder about 1000
acres are already occupied by buildings leaving only
$500 acres OF vacant land. The number OF acres oc-
cuped by buildings within ten years mas been over
doc FOR ss2 the number 80 and the ratio
of lmproy nment increasing Little lane Is left 10
bui r and yet.nO investment with the same security
pays a. high OF interest does Newton rea ~.
Among the private sales last week was that OF the
biidng the northeast corner OF Fralin-s ana West
broadway by T. W. Haynes and j. NJ DUNBAR iOr
500 900. Samuel Glover bought No. log East Thirty
sixth-st, for $4,000. FROM Thomas Tbacher. \. '.
stout sold lots at SiXthave and hundred and
twenty -lhrd-st. to the Reformed Dntch Church of
Harlem for 500 900 Five lots at Ninth ave and Fifty
siXtl-st bought by Morris seinhariI for 900
william +. Morgan paid $4,000 for No LIS Madison