New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-04
REAL ESTATE MODERATELY ACTIVE.
INVESTORS SOMEWHAT AFRAID OF TAMMANY
HALL-sALES REPORTED.

HALL-SALES REPORTED.
There is moderate activity in real estate circles
and brokers encouraged at any sign Of an increased
demand talk of activity to follow the setting
in Of cool weather and every effort Is made to tone up
the market Underlying all this seems 10 be tho
recognition Of the fear that legitimate dealers in real
estate appear to have regarding the success OF Tam
many Hall in elections 1t is easy at times to connect
real estate activity with political schemes and at
other times it appears difficult to show where tho
"spols" influence eXerts itself. The terrorism OF
Tammany Hall would not be admitted by some persons
interested in the legitimate development of real estate
interests in case political argument arose. but there is
little doubt that outside Of those personally interested
there are occasions when activity is restrained for fear
Of the tremendous power eXcrted by one faction In
municipal politics.
If the promising aspect of Wall Street speculation
is sustained the real estate market mist depend
largely strictly commercial considerations and lean
on speculative operations hereafter The investment
community is not anxious fora 'boom" Unreal eSatethat
anticipates actual needs, and concessions must be
made in many instances to spread the impression that
realty on Manhattan Island is cheap There were few
interesting features in the weeks auction market and
the programme for this week Is not particularly atrac
tive.
The number Of conveyances recorded last week was
236, involving $4,227,312, against 3O3, involving
So 100 $40 in the corresponding week Of 1900. The
mortgages recorded 300, covering S2,621 ,o27,
against 206, involving ~, 2GO,632 last year. IherS
were sixty-two buildings at estimated cost Of
SOB 200 projected last week against ftyive at cost
of SJ24275 in 1890. The Real Estate Record and
Guide says
As the season advances the rumOrs OF large and
important sales become numerous aud persistent
Investigation generally proves that there Is little
or no truth In them, as the In two stories
which found limited circulation in real estate circles
this week. one Of these stories had It that William
AStor had sold TO William Waldorf AstOF the southwest
corner of Fift-ave and Thirty fOurths together witt
depth on Thirty fourthst. equal t. that OF the hote
now being erected the Of Thirty tnlrd-St and
move the dwelling houses now occupying the ground
and extend his hotel through to Thirty fourthst, thu
securing block front on Ffthave and large depth
on each street Mr. Bartlett, William Waldorf AsOrs
manager. was seen In relation to the story. lie said
that there was absolutely truth in the rumor, thai
the only thing that lad been done In regard TO the
corner In question private matter concerning Only
the family OF Mr.. William AstOr. He said the latter
had no intention OF selling the property TO any one
and that no hotel would DC erected the ground 1T
all.
The other story concerned the Broadway Tabernacle
property northeast corner OF Broadway and Thirty
fourth-st 1t said that this had been sold
By the church people presumably for the erection OF
Guide saw Dr. Taylor, the pastor of the church. aud
| questioned him to tho truth II the matter The
| Doctor said that. although he was not OF the
trustees of the church, he would certainly have known
II the property had been sold. He had heard nothing
about the matter, he said, and furthermore he had
| not even heard talk of any contemplated sale.
The contract of sale Of the southwest corner OF
Nassau and Fulton SITS, 11Xl13 the site of the old
Commercial Advertiser" Building recently destroyed
BY fire, has been hlel this week. The seller the
| WolG and the price $4,000. Brokers, L. ]. Phil