New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-09
PROMISE OF REAL ESTATE.
THE MARKET GROWING fIRMER.


INQUIRIES INCREASING IN NUMBER-lN VESiMhN !
BUSINESS NOT DISCOURAGED BY LACK U"
SPECULATION.
The summer dnlness in the real estate market Is
not over but dealers looking forward 10 All ~,
creased movement before the mouth ~ , oJ bnt
auction offerings will not be large until Octonot' ou
there seems 10 he no likelihood that inc tnarhoD
he depressed ~ the pressure or mucn unImpio,o I
property Wherever such safes can a "' a%yance in
bey probably will be unless there Is an
.nrices early in the season more lmpottan.
than what is now expected. lner Ie,;.r !" "a a
complete absence OF speeu nav Conservative
brokers saw that none Is likely to be deyeiopcu W
the autumn. There are others VINO oenero ' Ia
that phase of the market VIII 90 Sc" III Ienend
souew nat on the future course OF the socn ins :.
buoyant feeling III Wall Street assists the reauy
transfer of prOperteswhlcd are cdrrleu gu ma, s'''
even when IL does not affect invesI ment properly.
There were no transactions made privatei! inst
week which can be selected as atruStwor'uy lnu "
houses and lots also is increasing. ana 10 nkeE VI
increase AS the returning tide OF investors anu
owners is swollen. There seems tn Dc nn lacn VI
evidence that large am uni Oh capn ' a.
il hack of the market tor realty, apd
dealers are unanimous in their Denei tnae u ms
was not the case prices would not nave ne d.
tmy throughout the summer. ptoiniuon' NV
st. broker sand Yesterday: :. H.. 4,
1.-THE last season was not satisfactory III tnat ~
did not meet the expectations oil many reSt-os'a.o
dealers as to what the market would oe' IUe pc
tIon sale of The Jumel estate placed many improved
nropertes in strong hands, but later on tue ueual9
ior n ptown lots diminished so that III was iounu
advisable to postpone the anctlon safe OF scHo 10
iates or part of their property. There was even
strong sentiment among some people nat INC Pii.eS
nf wrst-sIde realty would not hold NO one cIaiins
that west-slde lots ara dear as an inNcs'"tu' :"
present prices, except CONSTITUTIONS oe"s
or those who lost money IN that part OF tue III to
feal-estate depression that did not end I'LL io' o.
Rnt much property there will not return prohts on
Investment for many years. If prices to-day were
bnilt on "A speculative basis there would nave oeeu
q collapse this summer Inc lac' Ihss aneS IA s
oot declined but on the contrary are hardening as
the autumn gr rvs older, shows that the situation Is
sound and healthy" :
While the auction sales were small ana uhlmpor-
tant tbrouch the summer those wUlcb have recently
taken Mace have been well attended. ihls eoon az
tendance IL encouraging TO dealers and goes 10 con-
lpue their belief that there Is real inquiry ior
property, although that inquiry is checked oy tue
wish that q decline will take place before pur-
chasys are deemed necessary. Among
lie private transactions last week
NAV be mentioned the following: Oeorse
r. blanchard bought No. l North Washington
,ouare from L. X. Robert for 500 Andrew D.
Krrwin purchased FROM Douglas RoonSon sr. nine
lots IN Nmetv-irst and Nlnety-second sts and
Fourth-ave for about $50. 600. Several purchases
of tenement houses III Harlem are reported
Specilica IONS for Dlue-storled apartmenthopSe'
which H. j. Wilson's OF No. 1877 East Seventy-secOnd-
al intends to build III One hundred-iud- twenty
tbIrt-st between Eighth and 81. Nicholas a'es.'
were submitted to Inspector Esterbrook YESTERDAY.
The binding wi II have frontage OF l42 feet ana
drpih of 90 feet and the walls are 10 he built oil
hrick, On the frsi floor are 10 b, ban ing rooms
and stores and the basement Will no occupied oI
dining rooms and kitchens. The estimated cost OF
nm, structure is $685. $50. ID. 4. Atwood Is the
Architect.