New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-14
THE MARKET MORE ACTlN +.
THE NUMBER OF real. ESTATE TRANS
ACTIONS LARGER THAN FOR FIVE
MONTHS.

pr.sfXEss AWAKENING N ALI PARTS or THE
cry THE ELECTION AID RAPID TRANSIT.
Transactions In real estate at private sale last
week were larger In number and In me amount OF
Nancy involved than In any week tOr th- last hVe
months The buying movement Wa confined 70 no
particular part Of the city, and reports from biVh
er- said that there was renewed activity IN t""' ="
tate Investments In all quarters OF the town me
amount Of money involved IN the sales last week
Wa nearly SeD0o which was about double thr
,rn,,,uf r.port.d in any w"-k since the spring sea-
son Th- Increased number OF sales made through
brokers Offices the best evidenr' 81 returning
activity ln the real estate market, ana u SHOWS
that Investors have great confidence I'm N~w YORK
realty both for permanent investment aui for spec
l,,lon Tn. East Side ~ the city. which has not re-
ported many sales recently. benefited by the
buying movement last week and dowio"n property
was IA good demand. ON the West Side ~ M cry
that d. mat part west Of Central Fark there "aN
slight falling OF Ia the number OF TRANSACTIONS al
least 50 FAR a. could De- learned from The reports OF
salas sen, I'm hy West Side brokers There was
nothing doing In the auction market worthy OF com
ment. For this week there are a number OF safes
announced 10 take place which ar" awaited WIN
considerable interest The properties ADVERTISED are
good ones and II they bring their value there
will H. doubt to tn" advisahihty ~ selling
real estate AZ auction AZ the present time.
THE ELECTION AND RAPID TRANSIT
Propcr,v-owners are deeply Interested in the re-
suit o. the vote be- taken at the November "l"'-
tions on the rapid transit question TIL" lack o.
adequate rapid-transt facilities has been the great
est obstacle 10 the expansion OF this city and no
one realizes this NOR" than property owners ana
rcal esiate brokers There now seems TO b" MI"
doubt that the popular vote VIII be IN FAVOR OF
nlui,ipal ownership OF a rapid transit system but
there have come complaints from some quarters
and certain degree % apathy IS exhibited on the
question which should not be In evidence For In
stance from the East side OF the city comes the
cry that votes be there because the plans
OF the rapll-tra system do not include any
facilities for East side travel II should b" re-
membcred that the Rapid Transit act ~ amended
hy the last LEGISLATURE does not make II obltga-
tory FOR the Commissioners to adopt the present
mans ~ the CITY decides upon municipal ownership
Power is given to the Commissioners. II the vote
f. I'm the affirmative 10 adopt other routes ana
other plans FOR construction. In regard 10 the
East side IT may be satisfactory FOR the voters
there 10 learn that the Commissioners have al
ready taken that part OF the city into considera
ton 10 the extent OF sending engineers there 10
study ont an East side route. There seems 10
doubt that the present plans viii be altered 80 as
70 give rapid-transt facilities 30 all parts OF the
city.
The friends OF the surface roads and the Gle
waited roads are exertlng themselves with uncom-
mon zeal TO secure the defeat OF the proposed
rapid-fransit provision. and they may be able to
hold back the votes OF some people who have no
knowledge OF the situation the vast benefits TO
be derived from an adequate system OF rapid tran