New-York tribune., 1885-03-20
INVESTORS IN REALTY OUT IN FORCE.
sUCCEssFUL SALE OK THE LOvETr EsrATE-AC1IvE
BIDDING AT AUCTION.

SUCCESSFUL SALE OK THE LOVETr EsrATE-ACIIVE
BIDDING AT AUCTION.
The Exchange saesrOOm was crowded yesterday
by investors and spectators attracted by the sale
at auction by Louis Mesier, of the valuable prop
erty belonging to the estate of George LoVftt Inc
bidding was solIited, and the cOmPeti loL was so
warm thai good prices were generally realized ior
realty that passed, with only Que exception. into
the hands of persons who sought the investments
tor thelr aGtuad of The condiIinn of
the real estate market as REGARDS g9od ,hcoihe-
yielding property Inc onlia,ngs id IA o. COG 700
TO Moses Sahlem the total rental is S4,6Zo; joan
ID. Wendell bought the buildings running hn through 1
from Nos. 687 and 6S9 Broadway to Nos. 200 and aud
$50 Mercer-st,, for $l5OOOO. The rentals IRON
sss Meyer p'Yg9dd' psid $500 for tGe buildings
which rent for 81, 800 Nos 401 TO 407 Seventh
ave were sold to ID. X. DE Beixedor for S66 600.
Wv Thompson PAD & SOOIS tUr No 10. SCgSr sTe
sold for SD 500 to Philip Hauseman. Nos GOl
to COS Tenth-ave, were bought by Edward
sSsSsSSff sSsS0c for N No. Se5 Bowery Mr. Wendell was
the purchaser of No. 219 and 22l South tlfth-ave.
for S21 500. For Nos 22O to 226 South tlltl-aye
30S South Fifth-ave. were also bought by
Mr. Wendell for $25, 600. Thomas Eageton paid I'D
$l6350 for No l9h south ~ fttn-aXS; M Wende & for for
sol 500. No. 81 Greene-St., rented Tor % 600 a
year, was sold to Stephen Barker for $4,000. y.
Westst. (which are rented for $13, 700 year. for
SIG. 600. No. 4S0 Sixth-ave, (the plot running
back about $40 feet and 17l2 feet wide at the
extreme cnd was sold for 500, 200 toWP Dixon the
rental being So 500. Lots IN AtlantIc-aye Brooklyn,
near Nostrand-ave. (some of them bordering on the
ayenuel were sold at prices ranging from S0So TO
S775. Including smaller parceis sold, the total
proceeds realized for the estate amounted 10
$8sC,390 o,
prices John +. B. Smyth disposed of No. q l09
Second-ave for 81 5000 to G. Eeyors NO. o6l soc
Orri-ave for $23, 800 to Thomas B0yston, and Nos
637 and $50 Frs-ave. for $4,000 10 NJ Kehoe.
$23, 900, Nos. 3t5ia aud 3l7 West seventeenth-st.
SI7. 500. and No 259 West Twenty-second-st. for
$I2'60o: John T Boyd sold No. A East twenty gyy
frst-st for $37, 900 TO Grant NagIe; q. +. Kay
mond sold No l44 Bowery for S4O'4Oo
HORSE SENSE IN THE COTTON EXCHANGE.
1--WE do not pretend to be lawyers nor parlia-
rnentarans but we are business men who want TO do
business aud discuss matters upon horsesense prln-
cIples," was remark made yesterday at meeting
of the Cotton Exchange when proposition to
strike a clause from the rules providing for the
expulsion of the members who violate the law ix-
ing the rate of commissions for doing BUSINESS Mr.
Storms, lawyer, had given an opinion that the
bylaw as a whole was Illegal MI Sc0tt Assist
ant Corporation Counsel, and counsel 10 the Ex-
chance had given an opinion that the Exchange
had the right TO fix commissions, but he was not
certain that the penalty clause was legal, although
he thought it was. ,. L., H.,
Hentz moved as a substitute that the two opinions
be printed and distr buted, and further discussion
be postponed for a week. Wien several objected 10
Mr. Hentzs motion he introduced it as au amend
ment TO the one to adjourn. Then there was
a / excited controversy parliamentary law, when
(seorgo Valentine quoted from "CushIngs Man
ual1 Then Mr. HentZ's motion was declared out Of
order and the motion TO adjourn was Withdrawn.
Vice-President e. ID. Miller said there was no Deces.
sity of further discussion, and that 1t was well
known that the rule was violated every day, not
alone by its opponents but by its advocates as wei
and that the Exchange was the sufferer thereby.
motion was made to read the opinion OF hr.
Scott.
'"Humbugl blot il outln cried Treasurer Walter
r. Miller Nevertheless, il was read. George Staber
said: al don't think where the opinions of the two
LAWYERS differ so much that we will be any better
prepared TO act upon the matter week hence. Our
minds are made up"
al was brought up as a lawyer and know what
lawyers aren said George K. Moore. lawyer by
the nature of his education docs not understand nor
look upon both sides OF matter"
On Tuesday the matter will come mp again.
A. r. PARSONs'S EMPTY UTTERANCEs.
Justus Schwab the First-st. beer-seller, and
A. X. Parsons, of Chicago, made speeches on
Wednesday evening in Louisville. Parsons tod
The mixed crowd that heard him that the Socialists
and Anarchists were organized and armed, and
numbered 5000 men. In New-Y0rk City, he al
legged, there is a registry Of 5000, most OF whom
Alexander Jonas the Editor of the Socialist organ
of this CITY, rdicued the assertion OF the blatant
Parsons when spoken TO on the subject. these