New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-29
THE REAL ESTATE MARKET.
NO SIGNS OF A REVIVAL oE ACTIVITY YET IN
SIGHT.

NO SIGNS OF REVIVAL OF ACIl'lIf lei AA'
SIGHT.
The real estate market continues dull-a statement
made so often as to have become stereo'sPeu.
the sale of the General Daniel Butferned rA ioI
al 100000 to a syndicate of speculatds was uiao'e !"
causo any great revival OF activity. That saie' tc
most important Of the week, Is likely to nave oeho
fetal effect on the neghborhOod surrounding the Prop
erty. - - M,
n is believed by some that the market was ho'
helped by the opening Of the new auction saiesro "
Pine-st Others contend that a contest oe'wee' '"o
old and the exchanges Will tend 10 pron,o'o o"
ness At the opening of the Pinc-st room Phlhp a.
cu,vtb Of fine firm of smyth d. Ryan, made an address,
in the course Of which he said
SIN the Llberty-st exchange there are mghpriceu
manager three or four lady clerks ana ype"Fiucre'
several men and boys and an elegant lndNluuai ~
brass buttons laughter All this costs about "-',Uoo
a year. and the style is entirely unnecessary nv
old room at No. Ill Broadway was run by one hi'Ii'
Peter Meyer at an expense of about 800 per noh'
ord q uniform knock down fee Of S3 was charged.
This &c what we propose to do here. We beneVe 'hav
people will buy good real estate no matter whee IL
is offered. At present buyers attend safes VII '
premises and think that II good property was oneieu
in City Hall Park in the pouring rain youd ma ouSc
there This is not temporary affair, but an e'io'O
protest by business men against the attempt Vi a
monopoly to control our business. Every active anu
nrougnont real estate auctiOneer but one IS III Ii9
movcncnt and their names should be sufficient guar
antee Of Our earnestness. As to the talk that 'hls
exchange is only bluff, and the auct0heers arc oe
going TO support 1t. all that | can say IS ulat MI
Nesier Of the firm Of A. II. Muller d son. WHO Is
prceent tolls mo that they have booked one saie
for 200 lots and another for seventy lots lot ths ~
change already; and, beside these Jere Johnson 'nu
lanes l. Wells have large sales winch are 10 tame
nace in this room and all this certainly looks iiAe
business" ,
sone imnor,ant sale, are announced for the coming
v,oek ON Thursday the Argyle Hotel properly a'
pabyIon l.. l.. will be offered ms Is one Vi Wv
most exclusive and handsomely furnished hotei9 III w
nc,pbtorlood OF Nev-York and comprises not Only
ert cuss hotel constructed with all the MODERN i
rrovemonts hut includes also park, some seNcn'S
cro. in extent and thirteen cottages, KNOWN as .io
,-rrto Cottopesp fully furnished and supphen VIII"
.lon,ore Gas hot and cold water, etc Inc properly
I.n includes a casino, with tennis courts, bo"lihs
I,ovs billiard reading and ball rooms as wei as u
,,rtetv NJ drives and extensive stables iachthhs'
heating and fishing facilities are at harn anu ''i'
h.oI. and cottages have been filed to Overlooking
during the last few summer seasons The SAFE Is 10
Ia absolute and liberal amount Is to DC ano"cu !"
remain on bond and mortgage , -,
sales on the Exchange last week amouhVeo "
s,osa.o considerable part OF which represehVeu
,,-orortv ho,irht in This buying IN OF property 10
bcin, 1yertone II is Of the causes a %eii a.
one of the effects OF dull market ana sHouiu i'
be encouraged. .uo, ~ conniled by
Tho Record and Guide for the week ending hi"i'H
AS follows: