New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-06
NEV-YORK REAL ESTAT
THE AUTUMN REVIVAL IN PRICES HAS
SET IN.

OLD PROPERTIES BEING BOUGHT FOR IMPROVE
vrNr-RrNrAI.s MORE EASILY COLLECTED.
Tho arc, u,,el IN August is a period during which
the American traveller in Europe who left his codn
try in May or June begins to th'nK OF re'uii''e
home Autumn is the season wheh 'He "'''' up
and fall and when the profitable perion se'S III.
The mere mention of the fall revival In prices makes
the American abroad restless. and ne engages p"H
sage bv the next steamer If he be stock opera
tor before startng for a six days period Oh an
senoe from land. he cables his orders win poSsIpis
discretionary powers lodged with ms broker i''S
interesting period has now set IN o'ocA p'oNe'S
are receiving orders from American customers
abroad who are about to embark for home. but tns
real estate operator does not have this advah'as+
because OF the absence facilities. and indeed IL *
necessary for him to be on the spot. tary lroS,s
may fal, upon the crops and cause nucluatio''7 !"
the securities of railways thus affected but the cary
frosts. when they fall on rea estate, are harhesS
whether the spot is under roof or not
Real estate has yet been attacked by the feVer
OF speculation ard It Is safe to that IL Is not sur
fering from chilis. 1t is firmly set upon pins when
are not artificial. and is bding its time with the
utmost complacency
man well qualified to talk on this subject is
Alfred f. Marng. OF the firm OF Horace D Fly u
Co.. Nos. G. and GA Pne-st
To a Tribun, reporter Mr. Maring said yester-
day: Speaking generally of the real estate mar
ket Its greatest feature for the last TWO years
has been the nrmness with which II has withstood
the panic. In desirable business and residential TO-
calites the demand for old properties for improve
ment by the erection of modern buildings has been
remarkably strong. That section In fifth-ave
south of Twenty hrd-st. has. during IN" last TWO
years undergone a complete transformation. Let
us take for instance the erection Of the Constable
Building the Bonfls Building. Charles Scribners
Sons Building-a these have resulted in the bring
ing in of business concerns In what has here
ofo heen residence III
parent that the blocks in this vicinity between
Fifth and Sixth ayes. Will at an early DAY De
devoted wholly to business purposes. Into this sec
ton have moved during the last few years many
prominent firms of architects. builders and estaD-
lishmens whose business is closely allied with the
various branches OF the construction of buildings
Iere plasterers have their Offices, with dealers In
roment and stone and building material. decorators
congregation Of this class OF business men IN
given locality If by concerted action
so far real estate is concerned. regard IL
very firm with indication Of weakness. In
ments, and the fall market for realty promises 70
be favorable TO the landlord as 10 ire class OF
property for the investment Of money. | think
nothing is more desirable than improved real es-
One of the indications of the renewal OF business
activity is that for the last two or three months
rent collections have been easier. our tax with
tenants leads 10 believe that they all take a
more hopeful view of the business outlook. con-
slider the present rates OF fire insurance in many
instances altogether too high. hope. however
that before long the insurance companies VIII Sc"
their way clear make some concessions. In
cases where the buildings are poor and are
regarded extra hazardous. II Is question
whether the owner really afford to insure