The Providence news. (Providence [R.I.]) 1891-1906, 1894-02-16
LAND AND BUILDING
What Is Going on in Provi-
dence Real Estate Circles.
MARKET NOT VERY ENCOURAGING,
j. +. StudIey Will Erect New Build
Ing at Corner OF Weybossct and
Orange Strects--National Builders
Notes.

Notes.
A consenus OF opinion, garnered from
the ranks OF those who deal In realty and
those who erect buildings thereon, is to
the effect that the past week has not wit
messed any material Frightening in the
financial sky as exemplified In their par
ticuiar profession. There have been few
light sales, none Of any remarkable mag
nitude. There has been slight increase
In the demand for farm loans and exchange
and slight accentuation in the demand
for loans secured by city and suburban
real estate. The sale of building lots has
not enjoyed any considerable revival SO
far.
One dealer In realty attributed the leth-
argy OF the market to the slow progress
made with the pending tariff bill and all
agree that this factor is to greater or less
extent responsible for existing conditions.
1.-The people are not going to buy until
something definite is known as to the
future stability of the money
Market" said one real estate man
TO NEWS representative yesterday.
"Many are anxious TO invest in home
lots now, but are deferred by the
constant spectre of tariff uncertainty. IL
he matter were once settled so that the
people would know exactly what to de-
pend upon, i believe that there would be
boom in the real estate market that
would cause the heart of the real estate
man to palpitate with Joy. The builders
are with US in our dilemma, for people
cannot build unless they have the
lana to build upon, and
there is an end to the matter. Mort
cages, the bugbears OF a prosperous COM
munity, alone thrive nowadays. We con-
fidenty looked for revival by the
fifteenth OF the present month, but we
are compelled TO defer our hopes until
later period. We are now nearly
a month behind our annual
spring revival and the beginning
is not yet in sight. There is one encour-
aging feature about the situation, how
ever. Business has ceased to retrograde.
1t is, rather, standing still. We are wait
ing patiently for the breaking OF the
business deadlock. When that comes We
will go ahead fast enough to make up for
the time that we have lost"
Succumbed to Grippe.
Grippe has been busy among the real
estate and building men this week. Mr..
A. l.. Andrews has been laid up for sew
eral days by the insidious maiady and
confesses thst he has had enough.
Mr.. Hoppin, of Hoppin, Read & Hop
pin, has also been on the sick list this
week.
Work on the Tillinghest building, at
the corner of Weybosset and Peck streets,
is being pushed as rapidly as possible.
There has been some revival OF the talk
OF tearing down the buildings on the cor
ner OF Weybosset street, opposite the Mar
ragansett Hotel. A large, handsome
block has been talked of for this corner
of the city for some time, and several citi-
zens are said TO be interested.
The heating apparatus that has been put
in in the Rhode Island School of Design is
said to be the finest OF its kind in the
whole State. The ventilation facilities
are also marked improvements on any
thing of the kind ever attempted here.
National Builders.
The meeting of the National Builders
Association which was held at Boston this
week, was well attended by representa-
tives of the Builders and Traders Ex-
change of this city. Secretary Cady
presented his report, and other business of
local as well as general interest 10 archi-
tects and contractors was transacted.
Some important changes regarding speci-
fications were discussed.
The estate included within Weybosset,
Peck, Pine and Orange streets has been
leased by George III. Darling to j. Edward
Studley for a term of SO years, the lease to
run from March !, 1891. Mr. Studley is to
remove the old wooden buildings which
have been for so long an eyesore to the
community, and in their place will erect
a substantial structure.
The big deal between Wood, Harmon q
Co., Jesse Howard and Mrs. George Slade,
by which the former firm secures the es-
tate adjoining the State Fair Grounds,
was consummated last week and the new
proprietors will proceed at once to plat
and lay out the property.
The John Tiffany farm at Warwick, con-
tanning about 80 acres, was sold at public
auction Wednesday by the mortgage.
The new Kent & Stanley building on
the site OF the old skating rink on Aborn
street is being rushed rapidly toward
completion. The foundations have been
all laid and the walls have risen to a
height OF several feet. II is expected that
the building will be ready for occupancy
early in the fail.
Alterations are being made on the build
ing controlled by the William ii. Low
Estate Company ut 199 Westminster
street. The builders are French &
Hornton.
Il. j. Whitaker has sold three lots on
Chatham and Farley streets to Joseph
Woodcock.
John King has conveyed his estate on
Pennsylvania avenue to III. A. King.
A 2h-story six family house is to be
erected for Francis II. DE Grace on the
north side Of East Transit street, near
Ives street, at n cost OF 5000.
Edward f. Barry is 10 erect 2h-story
three family house on East Transit street
near Gano street for William Il. Sullivan.
The structure is TO cost 5000.
Daniel German has mortgaged to the
Rhode Island Hospital Trust Company !or
5000 the tract OF land containing about
13 ODO cuuarC feet with improveuenfu IN,