New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-11-24
REAL ESTATE.
vrw.Yoan, tuesday, Nov. %, i8c

... NEw.YoRK Tuesday. Nov %, 1902
NyeaT1v every sale of city property which has
. stteppted I'm the Exchange this Fan has bnt served
. e. s.iose the woakness OF the market This weakness
N syiaent enough from the enormous oeenno -
- yslume of business transacted. Tho hrst eVi'
80 NJ dissatisfaction with high prices is the
r.a1sal OF people buy the wares when are
Ts,ad them This Is tho invariable precursor
- selin prices The recorded transfers 90 not eno"
.. transaction IN unimproved property Where eHhG
ssxsss or = year ogo there were nah uozSh' oucn
~ Of our population, that great zeal OF
sa y,,oDerry il constantly being forced ON the mar
Ss ga changing hands g tf and tSr nhcices
o ~ h al ways something doing IN houses
a. ia In property which is bought tor inVes''neG'
$40 So 70 of the transfers, there Ia not
snsiour lie done that there was az the open
sg Mr. BleeeEer sold the Central Park lot ?'Eioo
tret on Fithave., 272 feet south OF Eghty i
he lets adjoining eitheTside, recorded last oPI5
A q f s7 M X S
Api lShave z Z o. Sah s. Ss s 1850
seyeT lnouths Interest on $500 is more Than WV IN
ead Of gaining which tie purchaser Of ia' sprHg I1 Ss
seAs SIM dedHeted from his capital not 10 mention o
sxDenses OF advertising the present salefSYehue sP''
49, Ss IT. ludlow Co.. In their attempt to sell 40
Breekyn ots were successful IN dsposlng OF oy iVs,
tkere being scarcely any disposition on tHe Rt ~ any
~ sI6ry on the east SIDE for which there seems al
ways 20 be purchasers enough y. 49,, =, Cor,r,o1.
veaiihiyc Boston ano1g The nAest In the city, have
t,,sT been add for SG0UeO each. To-
Tks Sprta0EeId RcVu6icdn. IN IN editorial article
headed The Turn IN Real Estate, has the followi1g
Sf very evident already that tho predicted turn in
real etfaie has cuunisneed The upward movement IN
prices of land aud buildings has stopped almost every
where, Transactions are Dlueh fewer ana harder "
IsEe Willie In many representative cltSs prices huNo
6oy 10 recede The latter fact Is fG!y reepg
Dized M san FrDese6 and Chicago "a 18th 0f when
places real estate speculation has been excessive M
TIE last years The real estate attorneys IN Chl'
esEo report that their principal business now relates
70 reislng money on mortgages; rents have gone
avn decidedly, pd there are uOie empty stores ana
dweurs 'baun any tine for SIX yearal OF when are
ta sure precursors VI decided fail ~ the prices OF lana
MS marked, In Rew4Y0rk, while at Boston reaI estate 10
sate dull An accurate observer reports nat there arc
500 houses for sale there Queiy, where " WIch VIII pns
very little or more than the MORTGAGES upon Icu.
Here, IN Springfield, where real estate mas oeen
very active and prices advancing steadily tor SIX
or eight years, the hull has fairly cOlnmencedi
and many desirable pieces OF real estate are
efer,ug but Gud no purchasers, aud proDNniy VIII
until prices aOate There never has been sea
sou when so many valuable dwelling. houses were IN
log from $500 to $4,000 each; hut 1t very doubtful
another season they Will be found salabl6 for the sums
hey have cost NOW that the farmers, through the low
Brces OF breadstu become the natural advocates
Of return TO specie payments, the Landowners OF TIE
county ale occupying the rank among the DIRECTORS
10 reformed currency. Bat by the Same process they
seem in a fair way 20 DO converted. Through "a
natural law OF reaction the country Is inevitably forcing
4Self back TO a specie currency aud specie prices" .
At CeutreVile Bayonue City n j., or tie line OF inc
Central Railroad OF New-Jersey Friday, at II p. NJ,
thee will be- SIDE OF % budng lots and two houses aud
IOs Trains for the sale viii leave tue foot OF Liberty
p. The advertisement IN another column WIZ
give fuller particulars. 40 600 I........