New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-07
NETWORK REAL ESTATE.
THE MARKET NOT AFFECTED BY GOLD
SHIPMENTS.
A PROMINENT DEALER IN REALTY TALKS of
TUE CONDITIONS OF THE TRADE.


II may he truthfuy said that real estate circles
are not affected by any scare from god shipments
abroad European investors may buy stocks anu
when they get tired may send them back by inc
cargo and carry gold away In return payment
The real estate investor does not nave this u''''
Guilty to contend with. The ground OF Mahha''a'
Island is thoroughly anchored and so compie'ey
diked on its borders that II cannot be "anspo''e
to Europe or any other point TO be returned ana
thrown upon the market at an unpropitious perio''
Everything is going well in real estate. and the
man who buys understands that long after ne res''
In nearby cemetery his investments VIII De Sc
cure heritage for his heirs. This is the Simple
difference in the choice between Stock EXCHANGE
securities and real estate. which those OF large
means who have made recent heavy investments
have thoroughly considered.
OF course this Is time to start in TO boom the
real estate market any more than II is the perioo III
which to boom the market for pork But any one
who Is interested in the subject OF real estate anu
will visit the Real Estate Exchange at No 80 LID
erty-st will be surprised at the congregation there
Of the men who are engaged from 10 o'clock IN the
morning to o'clock In the afternoon In dickerng
figures for the disposition and the acquisition OF
real estate. There are always men ready 10 SELL
and even at these times there is multitude eager
to buy Real estate dealers look upon the present
period as the edge OF most prosperous times IN
their line OF business and they only have to revert
them In their confidence.
Speaking yesterday of the conditions which pre-
vail In real estate circles. William Fl. Whiting OF
the firm OF Rutland Whiting. at Temple Court
Beekman and Nassau SITS, sad
1--WE handle almost exclusively property which Is
in what is known the downtown district. must
say that find the demand on the part of In
vesors is for realty in that section because OF the
fact that there is belief that whatever exists
there gives assurance Of prompt and steady IN
come This talk of the transfer OF the business ana
financial centre OF New-York TO Q more northery
point is simply absurd We have down here the
Stock Exchange the Produce Exchange, the Cot
ton Exchange, the Real Estate Exchange. the Cohee
Exchange. the Metal Exchange, and south OF Canal
st. some OF the greatest banks and banking houses
and trust companies. not only IN New-York or the
United States, but in the world. Why should these
great institutions, including also the life Insurance
companies. take up their foundations and move
northward? New-York is here 10 stay, and they
here firmly planted at The southern end OF the
island. where they will remain forever. But real
estate values will be disturbed by the fact that
the interests planted below Canal-st will not de-
part from their established homes. Manhattan ISL
and is long and and there is plenty OF room
within its boundaries for enterprsng TO locate
themselves without contguity to Wall Street. The
great financial institutions of New-York are an
chored at the points which they now occupy.
THE Importance OF the Brooklyn Bridge do
not think has ever been appreciated. The New
York entrance TO ii is at a central point, ana It's
terminus IN Brooklyn affords connection with
every section beyond the East River. think the
outlook for the fail business is favorable. we
have been busy during the summer. not only IN
selling, but also in renting property II is true
that the rental charges have decreased somewhat
from those OF year ago, but collections have been
exceedingly good At the lower prices There were
many properties left unoccupied in May !. but with
| improved business conditions tenants are coming
| forward Tenants are also demanding the more
modern conveniences both for business houses and
homes With respect 10 the former. i might say
| we find much difficulty in disposng OF flats where
elevator accommodations are not provided.
Regarding the question of insurance, ! would
saw that in my Judgment the present rates are
| excessive. l think the companies should adjust
their rates to the conditions governing men In all
| The shrinkage OF income renders insurance a hard
| ship at the present rates and there Is no real
reason why insurance companies should not make
concessions to their patrons In view OF the late
paralysis Of business and continue such concession
until general confidence is fully restored and bust
| nass affairs resume a normal condition."