New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-08
TRADING IN REAL ESTATE DULL.
ACTIVITY CHECKED BY IHE HIGH PRICES ASKED
SOUND FEATURES OF THE MARKET.


SOUND FEATURES OF THE MARKET.
The loug-expected autumn activity IN the real
estate market is still dllatory IN It's arrival Inc
market last week was extremely duil, althou@D
Trices refuse StubbOTny 10 yield. In almost every
direction realty is held firmly and there Is the same
disposItion among pTOperty-Owners 10 postpone
reallzatIons N hope OF IuIIheE lnproYeneIt thaI
was shown last spring. In many cases ueaieIs
believe this policy viii tend 10 cheek ACTIVITY IN
fhe real estate market In certain districts on the
west side vacant lots, If carried tor few wears
,rnr,iss IN NET much larger returns than would
be received from them. In certain east-slde 0cal-
Tres improved property can well he carried win the
prospect of receiving as much as OF more man
buyers are wiling to give now. but market Tor a
large portion of city realty can DC maze Only Dy z
concession from the present asking bEuTes, and
1ntil tnat concession is made nothing like former
Real sstat has undou btedIy been affected by the
condition of affairs IN Wall street, ana the TACT that
mock speculation reflects 10 a large extent the
general pusitiOn of the cOuntTY's prosperity warns
6roperty g holders against the danger OF expecting
big profits out OF their investments Inc position
of some of the large builders would De
more assured If they should aDate their
ideas not of values exactly, but Of the
degree of pro lit they can obtain at the present time
There IS however, no discOuraglng symptom IN the
market Besides the absence OF second mortgage
obligations on property generally the present SIT
nation presents another strong contrast with former
times when values other than those Oh property
rere generally shrinking as they appear to be dong
of +Ee mOmeut-theTe is no wild speculation and no
financial complications connected with suburban
".
failing off III the number Of plans for new build
ings as an uufavOrable sign. Said a Broadway
hrSker of prominence on Saturday: " In no manner
Ia tbis unlayorabc, unless II IS regarded IN the way
we regard cessation of eXtravaganl railroad build
inc namely, as a compulsory action resulting iron
ntber uufayorable financial conditions. In ltseL
IN Martial stoppagc of building operations Will be
beneficial to the market and avert the danger o.
over-production" 49,. . .u-..,..o,, ,,.o,
renorted last week William Laor sold for j. Bent
isT Sonier No East seventy uluth-st. 10 William
n Farweil for S3S 900. V. h. Stevenson, jr., re
norris the sale to Isdor Straas OF the residence ant
eiehf lois of ground at One-hundred-2 and tth.st
ond The Grand Boulevard, formerly owned by Tn
late Matthew j. Brennan, for $4,000 MoIdeca
q BellaIny report he sale OF the apar tment h0us'
Nos. 223 and 225 East Seventeentb-st; 10 William
r Martin. for 100000. No. 236 West Fifty
second-st was sold for $4,000 to Mrs. William II
Cook No. Is East FOrtleth.st, for S1OOOO u
Jobn A. Cisco No. A West Fiity-second-st', 10
S35 200 and the rorthwes corner of MadlSon-ayC
snJ Sixty-Afth-st. for $4,000 Napoleon
Haiues las bought from F. r, HOughton The oil
BniJs Head Hotel at One -hundredth-st. and lhlrd
ave for $50, OOO audit is reported that the plan
manufacturng business of Haines Brothers Will b
Transferred tDere Among the building operation
nronosed rs the erection by Adam Bckelhoupt
Seven dwellings IN One-hundrcd- and third-st, Yves
nj Niuth-ave., at a cost of S75,0 0c TO $4,000