New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-04
REAL ESTATE.
pI-sINESS IN THE FED.

BUSINESS IN THE FED.
4 long stride was made last week on the me Oh
consolidation o: real-estate securities. Inc yam"
action referred to is styled in some directions a. a
funding scheme" and IL carried win IL 'h"'" V.
the wharf and warehouse system OF the GU! q.
BROOKLYN The inciden; Is another ihd'cd"o" -
:be latter-day tendency group several INTERESTS
in one c,pitalize the outfit. Introduce the Secu'i
Ties upon the market and thus encourage '"e spun
and enlarge the field Of speculation
The annals nation of the Brooklyn "ha'i ~
uarebousing interests has caught the attention anu
,,,,ed tho criticism of many downtown pns'hess-
,rh ,.;ar.e exnressed are not altogether
barrnonious In rea!-estate circles. ACTIVITY III inc
disposition OF parcels OF the c'r'h SUI =,
the artificial encumbrances attacheu .,,
naturally a condition to be desired py 'he MUSEUMS
raa,'os,a,e broker He lives commissions But
tho main question among reai-esta'e INV" -
whether this class of investment Is 10 come "po',
49,, oxohangos I'm the form of trusts, represented
nv bonds and stocks and be subject 10 All inc
bufetings of hard times. snort safes "''" ''''
like There are many real-cstate dealers whose
,Iews were solicited last week who strongly advo-
cate the idea of dealing in real-esae securities OIL
denominations admitting OF easily handing
,,otber thing however which interests real
estate men just now to large degree Is the
financial operations Of the Government Ihey
may issue bonds in Washington to the height OF
Trinity Church steeple. said real-est estate
down down New-York really the fraction of an inch"
b st EEp p money Which night otherwse
real-estate investment is hndnG refuge N .ne sV'
nTnds nTT 50 TS income tax It is held invites
Investment In Government. bonds, because houers
funds fun from reacstate securities which would
otherwise be thus invested an ,o. ,
apartments foes not yet appear to disturb own
The belief Is hSweyer shat horns must sn vsIy
by during he past year Pe
assumed another year 70 ssv that. in justice
rents from May should come down. whether
landlords prefer smGy hop rs9ta s0re pnasonabIe
mounts will be demonstrated after the date
v wnGn new amonc np,oWn tenants rents must be
reduced if the apartments no" oc'"p''" "'e ~
eaestatc mon are Just now highly delighted
over the possibility OF the appointment OF ,yrns
a PARK Commissioner MIR. Clark is large
really owner in the cy an sd Is tIPr his nssh
hors are his friends d circumstance which goes
far in the way Of comincndation. -,,..,o franc
actions during the last week represented 5000
in value. and the auction sales nrrcsno no
week Of last year The figures OF recorded transfers
FOR last week show 4 falling OF Of s22O75.2oo. az
C CO I The conycyanccs numbered s9 Of which
% are at d nominal min 1ca So OF an FdT the
snondIng week Of las year there were 2s5 trans
fers 1856 of which were nominal; the consihera''oh
rbc mortgage figures show that there were rec
ordnd last week 81 involving s2.s25s. and for the
Notwithstanding week Of last year there were 32o
mortgages. representing StozlS showing coIre y,
spending decline in loans OF Nso'S2 The rate o'
Interest continues at about > per cent The mum
Der OF plans for new buildings nled IN me nni
over the previous week. There were 81 new plans
representing In value $3.50 against 81 tep pr,
sentng SIS 10 for the corresponding week OF 1881,
Thomas !. McLaughin has purchasesdd Sos' a., -
will erect TWO hve-story tenement-houscs on inc
plot. ~. -. a,a ,,s v.s,
Eighteth-si. four four-s;ory. brownstone front
bay window private houses r., -
West Eichty-clghth-st, private dwelling on
5GRp He5S S w e2f f?fa TT NJ a''
brownstone front fathouse. on private terms
Fis'mons Mr. S MaAr hfyr ' %o ss West Fort
eighh-st a thrce-story dwelling lexsjxoo feet. for
leon Leon rlman has sold to Mrs. r Hart No. IS
Fron,-st northwest corner OF Caiyers Aley' io'
c, r. Gregor & Son have sold FOR Joseph GILES
he lot gxlo feet on me e soa'n of to
a builder who VII erect a hve-s;ory nathou.".
Philip Bracndcr has icd plars for ne buldhg OF
three nve-story brick hathouses on the south ..d"
OF one hundred-and-nrst-si 2@.'Fieet east OF AM
Kramer Brothers lessees have filed plans for the
building OF q thrce-story brick public han. nos.
o., Mcha@i Brennan mas nled plans FOR the building
OF ten-story brick hotel on IN, northwes, corner
OF Central Park West and seventy-ioHr'h-'''' 70
Thomas T. Lockwood has filed plans FOR u"
building OF three two-story frame dw"hilhs on IN"
south side Of Onc-hundrod- and seventy htth-st'
4, feet east OF Franklln-ave.. 10 cost w."
N,rr,rct Bowney and Mary COoncy have
dled ulans for the building Of two fiVesiory BRICK
0athouscs on the north side OF one -hundred-and-
forty-eiehth-st. 100 feet west Of 81 Ann s-A'e 20
5000 , 49,
James O. Wallace. builder. has begun work on
re ulans for a new Office building on the plot AZ
the southwest corner OF Exchange Place and VIII
iam-st which he recently purchased for $4,000
The building. which ~ to cover an Irregular plot
N ixGsxl72 feet VIII be fifteen stories In height ana
OF freproof construction. with n front OF brick
stone and terra Gotta. The new structure VIII
cost Il Is said. Snn.s0.
Mrs Ella A. Little. It II reported Will erect
slx-sory Office and loft building. with stores. on
the plot 52xlco feet. at No. y 10 y West Forty
second St at a cost of 10000
John Schnoerng will build seven-story apart
ment- house with front OF buzz brick. terra Gotta
west corner OF West End-ave. and Ninety fourth
ST. II will COS. about $4,000.