New-York tribune., 1894-06-17

,-,r1r. THE FALIl-REALTY AND THE
CONSTITUTIONAL CONVENTION.
.ha business done in the real estate market
"".net is compared with that Of the same period
'S ago a big Improvement is noticed. This
',-,s last year real estate with other forms OF
rnis uas suffering severely from the financial
tSo The work which has been accom-
oep ., real estate since trade began TO show
p~,oms Of getting back into something like
H"so, condition has been far in advance OF the
".,at,ons Of the most sanguine. and even at the
W.. time when the summer dulness has taken
P,s :, the market there are encouraging features
~ the conditions. Brokerage operations and
ID .,o, sales Of any importance have stopped until
SUI ON hnt there will be, nevertheless. enough
,,ng "' ~ make a market. Large investors and
p'-,r p,,ors have gone ont of town for the summer.
"e' ,ll be observed that few brokers have said
'"1 'n,,c IN reference TO vacations. and 1t seems
s' a''r ,bat the majority Of them will stay in town,
s. hAsn f,r business which pending negotiations
nay bring.
LARGE PROFITS MADE.
rDs large profits on judicious real estate invest
80, 1, this city were apparent last week at sew
W. ~, s.Ies In the auction rooms. The sale OF the
eA. % s,ory stonefron: house at No 42S Fifth-ave'
,rine 10 the Landon estate. for N12ON showed
,aase in value Of $1,000 since 1879. when II
." %. taught for $4,000. When such profit can be
was Asa a, a legal sale the opportunities 10 make
". .asv IN New-York real estate are evident. An
"S"' S ',nnortaut auction sale in the last week was
w. . ~ the property at Nos. 72 "a and 76 Walker
,,is a fve-story marble and iron building. and
It sold for s'o-'VV' -,,. ...,o-.,os
4. ,,a aucton market last week, but the majority
- ,hs offerings were Withdrawn. and with the ex-
',,,,on Of three or four cases the bidding during
me week was nfeiess. There is from present in
Scatious disposition on the part OF holders 10
withdraw their properties from 'he iia'N0 N''
re fall
roera has been some talk among real estate
men recently of taking some action when VIII
King TO the attention Of the Constitutional Con-
-.,tion the need of certain reforms In the saIe
and transfer Of real estate. 1t is thought by Fedi
.xate men, and they seem justified in 30 thinking,
,h.t there are too many legal impediments IN real
state transactions and that laws which govern
,,s sale OF real estate were framed 10 meet otner
@s sa -, ,hosa ex,s+,np nj present The
co,sttutional Convention has already had sub
,tea 10 its attention the proposition for the aooh
"a, Of titles by dover and courtesy. This -
sso in the right direction real estate men CONTEND
but they are anxious for many otner reforms
which will clear real estate Of so many OF us
lsral hindrances. At present, under existing laws
raj estate is a more difficult commodity ot SAFE
than any other form of property, and progressive
men In the business are anxious 10 see chahse'
TRANSACTIONS OF THE WEEK.
r,s apction sales of the week amounted TO $685.
H. against $550s64 IN the previous week ana S'4-'
u in the corresponding week year ago ~
odyate sale the aggregate was SSoz'-o7' asal"S.
rznssO week ago. Building operations showed
. sight decrease from the previous week Ihe
ytncipal sales of the week at private transaction
we're the following:
cR. Gresor & Son have sold for Max Danziger
q three lots on the south side Of Eighty.eghth-
& ExO0s beginning 80 feet west OF MauIsoa,,ar ar,
srs private The same firm has also sold the
as- hye-story brownstone oapartmen houses
s.,S.ss eexgOxi02 for Johanna Hirschberg for
about $500 also for Walter Wood the three lots
75xlln on the northwest corner OF One-nundred-
Snd-tweafth-st- and Madson-ave.. for about $500
H R. Drew Co have sold FOR Elhelnda stoSc ne
house on lot &xlOO Columbia College leasenoid
a. g. Newman has sold TO private buyer No
lia Broadway. a six-story frame front building
on plot SxSx25x94. for 10000 ,,,,,- =, r,...
William c. Walkers Sons sold for Philip NJ Platt
to Matthew Clarkson a six-story stone building
10 25s Canal-st, near Broadway 26xS' for S5o,c
Thompson, Jennings & co. have sold for Maurice
Benson Nos 60 and 62 Iispenard-st.. near Broad
wcof building, nearly completed. standing on
BLOT SoxsSs The price paid Is about S5gCO .
Terence Farleys Sons builders have sofa 10 MI.
shwarz four-siory dwelling 3xe5 and extension
By 100 No IS West Seventieth-st. for $oO@ r.
ztte has sold for William Rankin No. 44s ,el Mesd
Niy-fourth-st.. a fve-story hathouse zoToXiD ,
feet for s2S5CO william Kennedy has sold Tor
Mrs Elizabeth Stewart. TO John G. Hegelein, three
Irregular lots 1T the southwest corner OF one
hundred -eigh ty-secoDd-st. and Wadsworth-aNe
for 1850 The trustees of David II. Halght nave
sold 10 Herman X. Cammann No. u Nesey ana 20.
Barclay sts at about $4,000. II is reported that
the estate will use the proceeds of this sale IN e
rebuilding OF it's property No. 1856 Broadway, lateIy
the home of the Manhattan Life Insurance Com
pany. , >,
The Union Railway Company has sold to the ~.
zetner Brewing Company the thirteen lots on
the southeast corner Of Third-ave. and Juha ST,
adjoining the brewery plant of the purchasing
company for 10000 These lots were part of the
forty-two lots advertised 10 be sold by James l..
Wells at auction at the Broadway salesroom on
Tuesday. -
plot Of fifty acres. between the West Farms
and Cnionport roads. Morris Park-aVe ana the
"oh road" IS reported sold by the Delaney Neli
estate TO a syndicate represented by e. H. Levy at
about r2.0OO.
CONVEYANCES AND MORTGAGES.
The following table. taken from "The Record
and Guide" shows the number Of conveyances'
mortgages and projected buildings last week. ana
:or the same week a year ago.
CoNVEYANcEs.
1903 1894
June o to -. June : % IA,