New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-19
QUIET WEEK IN REAL ESTATE
NOTHING OF IMPORTANCE DONE AT PUB
Lie OR PRIVATE SALE.
THE MARKET EASIER SINCE THE END OF THE
TARIFF DISCUSSION RAPID TRANSIT
AND UPTOWN PROPERTY.

AND UPTOWN PROPERTY.
Real estate transactions continued Hight last week
and the trading at both public and private sale
OF comparatively little importance. No large deals
were made and nothing happened at the auction
rooms worthy OF much comment. The sale
Of two club properties on Thursday brought
number OF people TO the auction rooms
but neither OF the pieces attractive
enough 10 lively bidding. The lease
OF Manhattan Field. at Eighth-ave. and One-hun-
dred-and- ffty-ifhst. was sold under the direction
Of the receiver OF the Manhattan Athletic Club. and
brought the small amount OF $50. The other club
property sold consisted Of two adjoining tracts
OF lana OF about eighty-fve and sew
enty-hve acres respectively Big Upper Lake
In the Adrondacks. owned by the Lakeside Club
The larger parcel o, land sold for $500 and the
smaller one for sl.lO0
TARIFF AND REAL ESTATE
The passage OF the so-cacd Tariff bill had the ef-
feet Of bringing easier feeling real estate men
it would be hard to find real estate broker who APP
proves the new Tariff bill. but II has served to end
the uncertainty about tariff legislation. and the end
Of ne disgracefu tlnkerngs OF the men IN Washing
ton was hailed in real estate circles with delight
Real estate. Ike all other investment properties
VII feel the influence OF the settlement for this
season Of the tariff agitation There Is a cry
FOR the President TO take immediate action on the
bill so that business adapt Itself at 10 tho
changed conditions which the vii
People unacquaintei with real inquire what
the tarin has TO do with It, Directly nothing. ind
rectiv. great deal Real estate markets cannot
be strong when the investing public is frightened by
the cry o. hard times" The contemplated change
Of the country's economic principles such as the
Democratic party threatened IN It's platform; the
inefficient management OF the National finances and
the subservency OF legislators 70 corrupt trust
paralyzed the industries Of the Nation. tied up
vestors and made men chary % spending money
Win such conditions prevailing, the tendency
20 hoard funds or lend them high rates OF inter-
est. Real estate speculation suffered. but
much other forms OF investment properties. Peo-
pie who control reai estate have been unwilling
part with their hol llngs in the time Of uncertainty
Trading has necessarily been light. and the volume
Of business has been confined within narrow limits
Fortunately. real estate unlike other properties has
not deprecated in value. Values have been main
tain~d Throughout; the long OF depression and
the principal harm wrought TO the market has been
In the lack OF transactions II is surprising tina; the
business In roa' estate has been good when the
conditions Of the times considered. After the
wreck caused by the tariff agitation has been
cleared away real estate IN this city and Brooklyn
Will be among the few investment properties which
will be able 10 show that the stability OF realty has
not beer, really shaken.
RAPID TRANSIT DISCUSSION
Property-owners In the upper district Of the city
are now talking good deal about the chances Of
having the proposed underground system OF rapid
vote favorably on the measure IL November. for. II
the provisions OF the BIZ introduced In the Assembly
last winter BY the Chamber Of Commerce SHAH he
accepted by the people OF Ne"-iork as the best
he'"'u % s''"s Wv '"i- """''' '"'''', w
value Of property in the northern wards viii be
largely Increased 1t T. 20 be hoped that the under
ground system Will be accepted by the people. The
prosperity OF the city in the future depends TO
| grea; extent upon an easy Nay OF getting ao'u'
and the growth Of the city as far as population y
81. sh.re -
| concerned cannot increase Fr'"'y uhl'N mr.. -
| good rspii transit system inc Ac"'''S o' 'uD
towns IN biadlns Tor o''y Io'N 70 Nv. ',.e " ~ ~,
| Ing greater every DAY Eheeneh, 'ac'''es ~, Nv
| Ing are onerea near ny i"e "o"'s ms 'e
| Tor brooHNh Los 's'''' - 49,, -,
u'os !"S' ""a. M w. 20, -. - 90. -, ,,,.
would DO Tor this city IN" "','es a." ,,,
these places gro" }ns' A. WV ..
grow years ago. 10" f'"'s =. W, =, -, 49,,
alSo '"h' A""' p'I' - , 49,. -,
Of Brookyn WIN ns ntm vnrT.r. ,,,, ,rovs
- 80 p.,,aa =, -. ,ou unless reductions are
acr1f' me n',.s 49,, ~ W. -"
,..,r,, c,,rs ~ TIL, WEEK
Tn. sale. r III. auction room amounted to 81 .y75
ogalns, n2,.oy in TIE previous week. ard 5000 in
I the same week in 1873 In Brooklyn the sales were
go go against S7s25 in the same period year ago
There were only four actual sales N the new or, s
auction rooms in the week me 'o.ow"s
principal sales and reports Of safes al '''"'F "''
| hctOn
! 7, was reported yesterday th.t the seven-story
,.u1t,, q, tho soufhwes, corner OF Church-st. and
buiHhs ~ NV -, -, a.. >,,,.,,,,,,., p,
Park Place. formerly occui"e1 o' "'
"a. Insurance COMPANY had been sold The prop
- , 20,
cry = fn'' &c.,, p,-,or has sold for John Petit
George DE fores, baf'on mas sou 10 rsonao,s
+ 10 Mrs Kate T. Belloni. sister OF Iheonore ~
| Y,are,.r Nos 1870 and 1872 Pearl-st.. running
| hdN""''''' = a, - On v-a,.r-s, a
| through anu ihc'""'"h w. a. ,u,,no
| nv" -. -, ,,lo, 2s feet I'm Pea .
| known as me haHo'''' vi prov 1n =, -, N Zoo,
~. reliant maid about 500 100 for the plot
| -N..' ,,. u pauo,i has s0ld 10 Franklin y.
| Mrs kAte -. he'oi'' n - -, ar, -
| Greene NOS IN 10 l'o VIZ ,,,,.,.
twenty-slxth-S'' ~" VIZ oo,.o A. RATION was
| vi - q, ,h,s Gallo also
~ soI,,,g pro,bers have sold to an investor for