The Providence news. (Providence [R.I.]) 1891-1906, 1894-02-23
| AND AND BUILDING.
Local Real Estate Transac- :
tions Of Note Detailed.
THE MARKET FAIRLY ACTIVE.
The swartz Building Mortgaged-
Notes from Cranston-Thc Haniey
BIock-G General Items of More or
Less Interest.

During the week past the real estate
market has been fairly active. The total
transfers recorded for the six days was Is,
including several sales OF large extent.
For the future there is considerable
promise, but until the general commercial
interests throughout the entire coun-
try show signs of more favorable
condition, but little real hcalthfui activ-
ity can be expected in real estate. Several
permits to build have been issued within
the week while owners OF residences 10
rent claim that seekers for houses
are rather more numerous than
at the corresponding time last
year. The sweeping reductions
In rents predicted at the commencement
of the recent crisis in the financial inter-
ests have not as yet materialized, although
as a matter OF course there has
been some reducing. AS TO the loan
market, it is very active, and an
extensive amount OF business has been
done in loaning on real estate during the
past week. The number of recorded
mortgages on real estate for the week is
"a, while that OF the mortgages on personal
property is 2i. Taken as a whole, the
condition OF the real estate market at pres
ent. while not yet up TO the expectations
OF the dealers, is still in condition en-
couraging TO the majority.
Swartz Building Mortgaged.
The Swartz building on the north heast
corner of Weybosset and Orange streets
has been mortgaged by Harriet A. Swartz
to the Citizens Savings Bank for s125.0O0.
rs A New business Block.
nr- a.
are engaged in drawing up plans for
James Hanley for 5-story business
block at the corner OF Washington and
Union streets. This is the site OF the old
Shattuck's Exchange, famous hosteiry,
which was destroyed in the great Aldrich
House confiagration several years ago.
The block will measure 90x90 feet, and
will comprise offices and stores. On both
streets the front will be of Pompeian
brick with trimmings of brown stone.
Work upon the structure will be begun
Immediately, and N. b. Horton and Will
martb & Mackillop will be the builders.
A $2S. 900 Purchase.
The Mechanical Fabric Company has
bought six lots with improvements be-
tween Sprague and Cromwell streets from
Joseph Moseley for s2s,000.
A mortgage of 5000 has been placed on
the estate on the corner OF Taber and
Adelphi avenues by Catherine A. Mcguire;
mortgage, Rowena Albro.
VIII Build Houses.
A 2K-story two family house is to be
erected by Mrs. Mabel A. Hammerill at
the corner of Point and Courtright streets
at cost of 5000.
Il. r. Nixon will erect 2-story two
family house on Broad street between Carr
and Gala streets cost $1,000.
William M. Harris is to build 2h-
story two family house on Harris avenue,
near the school house.
Henry Cavins has mortgaged the pro-
pcrty on Orms street, containing about
475 square feet, and several other lots on
the same street to Catherine Harvey of
East Providence for $1,000.
ssNo Omnibus Clause"
The convention of Builders and Traders
Mt Boston last week were armed TO the
teeth for the destruction of the so-called
s'omnibus clause" i'm specifications. A
will probably be put to osleep. The builders
resolution was introduced advocating its
elimination from all specifications and the
resolution was referred TO the joint COM
nittec, by whom the Objectionable clause
contend that the clause is unjust TO con-
tractors and owners alike as it shifts too
much to the shoulder OF the contractor
and disarranges responsibilities.
Hanley Block Let.
The Haplcy block on Washington street
has been leased to parties whose names
are not yet disclosed. Possession will be
given as soon as arrangements have been
perfected. Business in this quarter OF the
city is said to be reviving at a gratifying
pace.
Will Lay Out Plats.
A. -