Year: 1868

Who Are the Operators, Contract Dealers and


Small Capitalists-BrookIynv Iyn w. New Jersey


City Lots.


Monday is by common consent among the real
estate auctioneers regarded day Of preparation.
and only in very rare and Insignificant instances
have any sales been set down for held on that day.
This wholesome observation-disclosures as 1t permits
operators margin for observation, enabling them
to take glance at the money market and learn its
feeling and the tone that is likely TO prevail during
the week, 80 that they may enter understandingly
into speculations 10 real estatewas strictly honored
yesterday, and all who take an interest In these
movements found employment enough in the alb
sence OF anything to attract them to the Exchange
Salesroom in coming the announcements for the
succeeding days ana reviewing their schedules opas
operations, making preparations for disposlng OF
present holdings and seeking new Investments.
The number Of men to whom the daily transactions
greater now than t has been at any previous period
OF our history, although very many who now appear
were rsasrded % by the then naotss as strange are
by no means the late additions they appear to the
new excitement but simply those whose judgment
and near New York was long decided and acted
upon, and, growing with the increase or speculative
rators where before they merely watched stray
chances for good investments, and worked, Us Il


Take, for example, our German population, that
frugal class which has almost usurped the retail
grocery and provision business Of the city. Industry
and economy have been the maxims Of their lives
and the watchword OF their success but along with
that has been sagacious employment OF their spare
sap ta IN e WSeTc nv he tet "e
demands Of rapacious landlords, they might quietly
rest and look calmly around them for any opportu-
nifty OF lettering their condition that might offer Hav


ing this object In view, many Of them years ago in.
vested al tier savings in the purchase Of asoi,
the edva OF their srew dnoss in the greatly M
creased value this property has since acquired That
which was once 80 G essy G1ne IA New ~ 70 no
suburbs, easily accessible and heathfu in all It's
surroundings abundant opportunities oifer for the
pursuance OF u IKE policy ana are being eagerly


We have shown I'm previous notes here or real es-
tate movement: how in Brooklyn and East New
York this class OF operators have quickened the
speculation IN real estate and now the sound ideas
which form the basis OF their conduct are perrneat-
ing other natiOnates and extending to all in like
circumstances. as Is demonstrated every day by the
large sae OF property 10 situated Us to be within
proof be called for than the large sale to be held TO-
day by Johnson Miller Of over 900 lots in the Sis
INTO t6e hands OF specaators ia bonrnt IN by Eoes men
on contracts which allow them certain margin OF
time during which they may again offer 1t for sale,
when II II sells at an advance they are much the
ganers; but does n0 the very fact that this being
done prove that there are sunncient number or
would be purchasers TO come to the rescue OF the
contract men by buying OF then, and from what
class they be drawn but that above referred tor
II may here be remarked ~ worthy OF note that al
though this practice OF buying on contracts has ex
tensvely prevailed this season the operators have
never failed TO meet their engagements


All that can be said respecting Brooklyn property
applies equally TO New Jersey. A single example Of
the offerings IN that State will SUFFICE On Thursday
hext MessTs. A. J. Bieecker son Go. offer for sale
tract OF land comprising about 200 city lots near
the city OF Newark, from which IL is separated by
ttr river passalc and known the kingsand
Manor tract. What better site for home for the
workngman whose ayocations call him to New York
than this can be presented Sixty trains pass
daily each way from Jersey City TO Newark, and IN
less time than II would take TO ride to Fifteenth
street IN this city. In q crowded car without a
seat, perhaps hanging on the platform. he
he transported in q comfortable carriage 10 East
Newark, with every accommodation for his ease and
enjoyment. Property thus located Is now selling at
very low rates. aud the certainty of its appreciation
renders II a safe investment


or city property there Is not much TO ne said be-
yond the simple facl that every day marks Its in
crease In value. Only In the upper districts Is II at
oil available for speculative purposes ana even there
1t already commands such nigh figures, with fair
prospects OF rapidly increasing value, that present
holders are ndisposed. except IN isolated cases TO
SELL preerring 10 reap the benefits or appreciation
themselves to sharing the same with others.


Meantime we refer 10 our daily quotations for fur
ther Information respecting the condition of the
market.