New-York tribune., 1883-03-18
MOVEMENTS IN REAL ESTATE.
THE CONDITION on THE MARKET-sALEs CONCLUDED
AND AUCTIONS PROPOSED.

THE CONDITION on TIE MARKEr-sALEs CONCLUDED
AND AUCTIONS PROPOSED.
There was some complaint last week by real estate
dealers at the course OF dne inarNet, i,. Ime
tanned Yet the explanation of the tallng
off in transactions may be looked for
in the high rates OF money. slrlpgency III loaIl-
eratiOns by dealers. and certainly checks all trans
actions in which the element of speculation enters
AZ all. There was no development OF weakness In
the market rs Il consequence of tie slight diminu-
tOn IN the number OF exchanges OF property:
The market is strong for improved
properties and the special feature Is the inquiry Tor
dwellings. Even the hlgher-priced class OF tins
property is being inquired for to an Increasing eX-
tent. The business done In vacant lots - small.
Naturally, where 10 rampant spirit OF speculation
exists the movement Of investors is slow from es-
tablished income paying properties TO realty where
the builders possible profits form an important
element in values.
A prominent Broadway dealer said Yesterday
here is one strong supporting influence to the
market which we are prone TO overlook. nat lSthe
constant addition to our residence element from
persons who. after making money elsewhere, con-
clude that New-Yoril IS The only place to live IN,
and so remove here. That class has Decn n great
past years. but 1t never before exercised
so great an influence as II does to-day. There IS
good deal doing in the way Of renting summer
places, and there are pending several important
transactions in this line
4 large business is being done bv auctlonecrs,
although the sal last week were o, no great inter-
est. There will be some excellent offerings ihs week.
scott & Myers will sell at auction vacant corner
LOT n SiXfv-thirl.st. AMI Fifth-avc., one OF the
few Iema ming budng lots in that aycnne below
ventV-scCond-st. Good lots in West III 'hO1en arc
also 10 be offered. and several fine residences not
far up town. Among the private sales rot recorded
Sivty-thrd-st to Jacob Meyer for $4,000; No. 43
West Fliy-ihild-st? 10 William II. GrlnptIy
Tor $4,000; and TIC property at the
northeast corner OF Greenwich and LaiCht SIS,
for ,f3O 600. There is a good movement III Brook
iyn real estate IN small parcels and some dealers are
d
from NcW-YOrk that may be compelled bY the az
yauccd rents here this spring.
Tie E,c0rd and GHidc saws that = VI. Hamilton has
exchanged Nos. ! aud last Sixty
nuth-sf. for ir. lambs two houses. No.
go Fiith-avc. and No. East Sixty-seyrp hist.
the figure on which the eNchaIi<, Is based beng
abou. 5225,uOO Tor the SiXty-uiutI-St. house and
1878. GOO tor Mir Lambs prope ties.
The trustees OF s.. PatHcks Cathedral have for
$40 OO0 sold The premises Nos. go ana 27i Null
herry-st and :, 10. l. AMI .Ic:sey-s,. 10 John J.
Wariug, VINO gave IN part PNmcIt a $4,000
through clerical error, is described as being IN
Jersey City.
4 deed from l. [. Fountaue to Never L. Sire.
transferring a piece OF property 2jAljO on Fifty
nmih-s.., near ScvtHth-ayc, 1Or 100000, was
recorded Yesterday.
ARCHERS FRIEND FALVEY on THE STAND.
Captain Archcrs iucnd, William II. Falycy.
occurred th' vi ness stand yesterday go tine CN-
annH,i ion before Comm ~loncr OSuoiu, ON thc au-
phcation oy the British Con- al Tor ihc cXtradlton
OF Edwin Harvey Wadgc. alII> Edwin Archer The
witness answered the question, ~ au easy. care cs,
manner that some uuc, amu,lEg. lie testified
| that he received ~ Lon Oh q trcuaphc order
| h1m Archer, dated az Plymouth on November -.
tie DAY on which n j. l. gcd tha. tdr iorg ac-
crptancr pr scntCd DO London. ] lc t'lc-rapllc
order directed tie payment t. 'JacA" laiyoy, the
witnesses brother, of go. ON the ncAt day the
wines was shown 0y his brother letter from
Archer dated al Plymouth, November -, and re-
ftrlng 80 the order sent hy telegraph. IIc ictt,r
was exhibited before tHr Commissioners.
ana the chcck-book and ba k-book of tlc Witups,
were also shown Ia proof OF the
payment ol the money. On cro,s-examinaIion the
witness WAS asked about hI' business ~ London.
lie said he vas IN The naht of sending large mum
bels Of lete!s 10 different persons soliciting orders
FOR mining stocks.
Mr. MarbuIy, the counsel Tor tie British Govern
Most of them did not but a few did"
Where ORDERS were given the Win - bought the
stock ana received a commission from the 8, l!cr,
aud to share the prospective g.lls OF the pur-
Did the stocks have any value !" asked the couu-
sci.
'Not much said the witness.
"Who made money ia the transactions"
ooh! did,
How about the purchaserp
"Hc usually lost.
But the persons who sold the stock TO you-didn't
they make some hing, too ~
Yes, they made sonnet hing
The witness failed to understand some Of 4r.
Marburv's questions, ana would say, Beg pardon
with draw, unt. the question vas repeated. III
naily Mr.. Marbury sald IN rather cxa3prIa;ed
tone, "Cau't you hear mcY The witness OK
plained that be u httlc hard oil hearing. Il
didn't know whether il tna," saI1 The counsel,
cor WI ether 1t mere habit. 1 luu almost
every Encshman says Beg pardon when you ask
him quest on, ana make you repeat H. uO matt
how Distinctly yOu speak" lie tucn, aitcI begging
the Irpo eIs not 10 mention the fact, tod " sloIy
oI an English waiter 10 whom he Mal q complaint
about the quality Oi the food that brought 10
| Inn. The waiter would answer every question with
| ." Beg pardon, ana II was impossible 10 sct any
| lurtnoI in stating his gucyance.
| In; cXamIuatlun W4Ii be continued tomorrow.
OCIWlTTlNG "BUNKO" MAN.
L.Il Il.nLI