New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-28
REAL ESTATE.
RI-SINESS IN THE FIELD.

magnitude are few. the smaller transac"o"' o.
numerous. and fair degree OF ac"'''y um
II Is a generally expressed Judgment tha'' ""',e
there may be a period OF dulness pending the au-
iustment of National inancia! ana currency p'oo
lens there will be no falling away OF values io'
New-York realty.
Excavations are in progress In many parts OF .ne
city for foundations for large structures poth lot
office and private uses. Labor Is cheap anu
great abundance is available. Money being SO
ulentiful and lying idle in such vast amounts the
builders OF substantial worth and extended eX-
perience see no hazard In going forward with I'M
provcments which. with the return o: better umes'
vii. be in ready demand.
There is another feature. however. OF decided
importance TO owners and lessees. and one which
will be agitated in the coming months OF FEBRUARY
March and APRIL pending the annual removals on
May !. Thus far rents have not altered apprecaoy
from the standard Of two and three years ago
Meanwhile tenants have struggled on hopefully
but the time has come when they can no longer
bear the burdens which they believe should now
part be borne by landlords. 1t is predicted that
new leases. based upon much more reasonable
figures than those prevailing will be necessary
T. there will be more vacant offices and stores ana
dwelling houses and fats next summer and fall
than New-York has ever experienced The last
week has given indication OF distress In con-
spcuOus quarter. Ii may not be generally known
that In the locality OF Murray Hill there are many
houses In which rooms are to be let, ana which
are. in fact leased for that avowed purpose. The
gradual and unbroken advance Of the hard times
has driven people who, two years ago. were pros
porous and living on a generous income In luxurious
apartments. others less elegant and less expen-
sIve. These people, still finding their incomes abb
breviated. have now and again changed their places
OF abode until they are forced to be content with
the modest and in far less attractive
parts OF the city. Unfortunately for the house
keepers. there have been few to take the places
OF those whose circumstances have compelled the
changes referred to. The landlords. however un
! yielding in the matter Of rents. have many
empty houses their hands. The tenants have
been competed to sell their furniture at auction
| in order To save a remnant OF the wreck The red
! flag of the auctioneer il daily on houses In
the particular locality indicated. The large apart
ment-house' are far from being filed and there IS
one prominent instance. II Is said where the land
lord Of enc Of these immense embellishments makes
show OF having house full Of tenants by ilu-
seen from the street. He does this. II is alleged
ihe ggeF 10 Keep " the mouse some OF '"0'e ALREADY
! In the northwestern part OF the city there will
he much Improvement with the opening Of the
mildcr season Several large buildings are planned
| for construction in the neighborhood OF One-hun-
acknowledgements and One-hundred and-nneteenth
| St and seyenth-ave In the lower, part Of the
| city many u the great buildings which have been
! In process Of construction during the last year are
under oyer and the york Of tsps r d9wn bS os
and there south Of chambers-st.
/ The trade In building materials has Kept up wei
In spite oi the general iu.ness IL - interesting 10
note that the volume of exports In this class during
]
figures Tor 1884, were Ao27.l52. and in 1893 Ss'6Ss
/ showing slight Increase.
There has been some talk In real estate circles
respecting tho merits " an incorporated real estate
/ business based system which would admit OF
after the manner in which railroad bonds and other
s.cnr.trs are draN IN On the s'otS ny ,ch
/ experiment Those who haye opposed IT point
~ real estate In the face " the demorallzed
nnlprnl condition Of the country and. making King
comparisons with prices Of two or three years ago
are able demonstrate the strength OF their posi-
/ ton and the Wisdom - their attitude on THIS mat
ter They take ny the lists OF securities w nm, tns
stock Exchange and make similar comparisonss
ties been subjected 10 similar Influences In purely
exposed 10 the atmosphere Of speculative panIcs the
business would b" demoralized 10 such degree uat
hrnkee broker referring to this subject S pe1 Ihe
. sNlsAnia Railroad Company. which had resislen
every mort made to have that stock listed on the
Of IT, wilom in the TACT that It had been sub
Jet to the attacks which would have been made
the other hand reading: which came in ,sS on The the
speculative ude hesnnng IN ihr -, la" , %, ~ many
panrs ~ greater lesser degree ever since
me h our o' in sevcr months show falling
m compared with those for the correspoonadilsS
which 10 are at nominal figure; VIII an s eHr
r.sel confederation for the rest OF tlg'eSis f9p
transfers no OF which were nomn "a T., ne co"''dera
ton FOR the rest being stated at Hi,f 80 were re-
corded last Week rs Involving n.2slle4 and for s,r
The esD0n4 pTse %ffs 4 sI e' The ."e rate Of
tcrest continues at about per S1h IT, ,hn Rmi1ing
Department show some improvement over the prsv
week There were hree Nv p1 rn,rrsent
INK sSs2c:o for the corresponding week Of lSss rho
,ra,ry Ho Tick o hi ss' loi a"Is
x3s2 feet. to Palmer Bros for VIZ no so three
s, J21" aM MGr No 4is East Fiftysevenths for
Sl2"y, 1 o c,o hayo sold for r. r. and the
Rev Dr A. p. Atterbury. executors OF the estate
Of olivia p Atterbury the % a corner
of WaIison-ave and Sixty-seventh-st, size ZZSvo'
oT about S four Aso tor 'I brck and
! nathouses. each 2oxial. No 1903 to 100 west Eighty
efn'H has been sSr " cTroncousy reported that seiss
Cooper cSs IgrchSssG and ." 40 II appears. ac-
coriins to L. b Bnsse owner o. Mo 40 that nat
neither his properiy nor No 80 adjoining Is III
' Fay siacom East SIDE builders have psr-
chased from H. hnadS br oT rne n1pe'
ws% Essk 10 has q, e With Mrs
T Teresa Lynch. for lot on Central Park West
between and NINETY s rsoor,.
has sold h % D phSA f Sf eSsfss' Sa
recently from m me berty and William SITS to the
Mutual Life Insurance Company or to anybody
ese rs 'a Of this s corner y the erection OF
Tx Congressman John Quinn has purchased from
/ n RInaldo n Brother Nos. 100 and l2 Onver-St.
! two three-story buildings. on plot 20x5o.
The Mutual Life Insurance Company has traded
/ win the Equitable a building the south side of
/ Cedar-st. between Nassau and William sts in
/ cxchange for a building OF similar value on the
north side This gives the former company all
the land far east along the north side or Cedar
81 as the Stokes Building.
Francis Crawford has purchased from T. c. Lyons
twentlcth-et between Lenox and Seventh ayes.
| The property will be improved by TIE erection of
! three-story dwellings.
A. f. Bradick has purchased from Walker x
Lawson. builders. No. 32 Riverside Drive four
story limestone front dwelling, for about $4,000.
Herman A. Moritz has sold No. 3G3 Seventh-ave..
a four-story front and rear tenement house, for
! s22 Opo an advance OF $500 the price paid In
November. 1883
Hall j. How & Co have sold for j. Allen Town
| send o John Shields three lots the south side
One-hundred and min eteenth-st. 100 feet west OF
Manhattan-ave. The purchaser Will erect three
nli- nm nj he me hrOkprS