New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-29
REAL ESTATE.
BUSINESS IN THE FIELD.

BUSINESS N liif. flfsirp
Tn, great underlying conditions at this period Of
tho wear which ultimately control the course o'
prlces such a. the outlook FOR the crops. w"r" o.
most promising character last week Although the
DEVELOPMENTS in the rcal-csiate market "ere As a
rule OF quletng influences. still general i'e'"s %
chcerfulncss continues and the prospect FOR an eN
ccl,ent fall business seems Z" b" RooI nv -
newed activity in share speculation IN me wa.
Street exchanges last week. followed by a genera
advance in the price OF securities d'at J" 'h''''
due largely to the promising crop reports received
IS also having its influence upon values IN re''N
An important feature IN the improvement r"i"fF'l
TO- as erecting real estate i the question OF rents
II seldom happens at this period 81 the year INA
there Is much business transacted in the rental o.
dwellings Agents. brokers AMI owners 81 rear -
tate arr beginning. however. to make preparations
FOR an active fall business. The nrs' class named
have become aware that In the renting OF '"''l-
lncs at east. the season - Just ABOUT hoh'n
ahead Of the usual time Last year AZ this uhe
IN. outlook was gloomy. people III a.. III 'h'''
nower 10 reirench. and the question IN inc ii' OF
every householder was: "iiow can save do!'ar.
This year business il better tho outlook bright.
and the same man IL looking for more comfort iof
his family and consequently he Is WILING TO pay
more rent and the result IL that there - unusual
honefulncss for both the landlord and IN" tenant
There IT, FOR example. an unusually DISK i'in"Nl
for homes alons the Inc OF Columbus-ave f."
are wanted for immediate occupancy. bat the ma
t,r,v % be taken possession - about September ]
or October l. In fact" said on" "'I-kno"n
brokerage firm There were not enough sH"i'
bouses 10 supply the demand several however.
have been rented during this month. and IN some IN
stances for better prices than Last year. But they
s1d.d. Of the hgh~r-priccd houses iher" would
probably be enough to meet the demand bu' even
as 10 these there good prospects OF better
rents"
Mcpherson CONN report having rented eight
houses since July 4. n from 15r 10 ,'"p per
wear the lower price 500 Increase on last year
rents " T. Jackson. broker. likewise reported an
increased inquiry for houses. among which were
few for houses 10 buy. though tho buyers wer" gen
era,ly nu,tiny OF decision upon their negotiations
until the close Of the renting season. without eN
cep,,or the West side brokers reported the pros
pects for fall business extremely bright
An important factor that Is 20 affect real estate
in the near future. bu, which Is frequently lost
sight ~. the large increas" IN the demand lof
labor tina; Will result by the erection OF large ne"
commercial houses. For illustration. take the ne"
building that 10 now being erected IN I'nth-"Nr''
between Eighteenth and Nineteenth sts for the
Chicago drygoods firm of Sicgcl, Cooper y 20 u
is said that 1t VIII require AT least two THOUSAND
employees to ran this new enterprise Another IL
mstrat!on is that OF the American LiihographI'
Company which Is to be housed during 1895 on IN"
southwest corner Of Fourih-avr. and Nncteenih-st
This company now have branches OF their business
In HiNdIO fHndlrIpNld IH'tiii''s I'''"'" ''''
New-York II Is proposed consolidate all OF these
various branches under roof. at Fourth-1v".
and Nineieenth-st Ii rs expected mat II VIZ re-
aulre 300 men and women 10 run this business
Here are two firms alone coming from other ciiics
that will give employment so, people. There
are other large enterprises IN course OF CON
strnction that Will also give employ mcnt 20 many
thousands Of people, and they all must have homes
The effect finally vii. adj value to really IN many
ways.
During last week the auction sales IN this city
realized 1851 s4 Last year. during the correspond
| ing week the results amounted to only $3.50
Across the East River the auction sIlos aggre-
gated SOL 10 while for the same week OF 1921 VIC
| AS was the amount secured.
The private sales for last week compare un-
| favorabiy with the sales made during the same
| period OF last year. but when compared with tAe
| previous week OF this year the contrast s more
! favorable The reported private sales during last
week amounted I'm value 10 ABOUT N.joo.ooo COM
pared with N.sooyO for the previous week. During
the corresponding week OF 1894 The private sales
aggregated 81 9t3 90 The couycyances recorde ,dsi
week number 2y4 OF which 10 were nominal, the re-
inander beng represrn,rd by tc% ,lo. Of c1
| fers numbered lsi. o, which ~ were nominal, the
others representing H;2l3eci. .,.
there were IL transfers. OF which =, were nominal.
the Others showing total a Investment ne s Of S
e. ok go against the showing OF the corresponding
week Of last Year. which was "a loans reprsenf
ing s. 34Os The average rate OF interest on these
| loa MS was slightly above ) per cent year.
There were. nled in the building Department last
| week plans for twenty eight new buildings. repre-
senting x3 315. as against sixty new structures. 10
| cost ST b5S 3Cj. in the same week last year.
| r. Policeman a. co. have sold for James Rufus
Smith Conron Hrothers, at NSm the hve-s'ory
| aaf 10 rs West Elghty-trs-sl.. 46yl0.2
-, > II. Greenbaum has sold for John Frame 70
charles (;umb. at about $1,000 rve-slory brick
| nathouses on the east side OF Mad,son-ave.. p II
feet nortn OF Onehundred-a d-sevenh-st.. each ,
| ylOO I'll, ~,
| Douglas Robinson CO.. in conjunction with II
| II Drew a. CO.. have sold for Frederick r. James
| The four-story English basement brownstone dwell
ing No. I6 West Thrtieth-si.. 27x6x9s9. for $4,000
10 Isaac Walker
| Samur, r. Jayne co. report having sold tht
following dwellings on private terms For Thomas
Crawford. No 1886 West Nne,eenth-st., to William
Dill; for Mrs. George Starr to j. IA. Mcllvain. No
GS West Twentie,h-st. tnree-story house al NO
III East One-hund ni-twenty- ninth-st 2xios
30 IL, sold for Mrs. Mary Vittum by Barnett q
Co. and three-storl dwelling at No. 20 Eas
Slxty-eighth-s wa sold by John Dwyer owner