New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-02
REAL ESTATE.
BUSINESS IN THE FIELD.

BUSINESS IN THE FIELD.
The week ,ust closed has contributed little re.ei
to the monotony of the duness OF the p'eeeus
week in the real estate market IL was e~pee.
that the last weeks business would DE son'e"""'
restricted as usually happens when holiday DC
urs The aggregate results of purchases and sales
however at private contract last week were saVs-
factory for this period Of the year Inc nsuieS
show that about s. 100000 OF property chahgeo hus
during the week against 100000 for the previous
week Investors seem to have regaiheo co"'ue",e'
and II pending transactions come to head soon inc
closing month of the year will be productive Vi az
unusually active market in realty.
The improvements talked OF in the last ie"
months which are at present eNciu"s mus"
interest are In relation to the deVeiopmeh' VI ~
Harlem Ship Canal The business that Is areaus
being done through the canal is surprise even 70
,ba most sauguine advocates of this work. ana I'M
douhtedly makes necessary a further acuoh oi Oon
rress in connection with the Improvement Oh na
lem Kills so called which is the direct connec"o"
Of the Harlem River with East Harbor ana LONE
Jsland Sound At present a long detour Is require
oround RandalTs Island The improvement OF 'he
Kills will save this and add Immensely 10 the iao'i'
Ties of the grain trade which IL LOOKING io' ~
ton at East Harbor. The bearing OF inns MAJ
on real estate interests In the twenty 'n ~. o..
,rventv-fourth wards and the new annexed o's"'e'
a, ~, the lea st feature of the situation Nothhs u
moro manifest than the fact that with the rApiu
increase in population. New-forK IKE ra''s a."
Iondon is 10 have Its different centres Oh ua'e,
where rersons interested in special departments 70
,,dus,rv will congregate in order TO De near ,ie
,aces ~ business instead Of travelling the "ho,e
,o,gtb % the city to get from business 10 '"e'i
homes So that 1t looks as II the coming p or~
,ion OF the North Side is TO he largely INV. ',o
in the commercial and manufacturing huusu y,
that are to be developed under the faVoraoie 'o'O'
lions that there present themselves
Already there has been added remarkable I'M
petus 10 the trade and commerce of this whoe
locality by reason OF the great advantages IL pos
sesses being made widely known III "ouu o0
difficult matter to overestimate the commercai anu
manufacturing future of this entire section.
-rha Harlem Canal as a factor in the commercial
,,ea NJ New-york has been looked Harvard to with
great deal OF interest for number OF years ie
necessary delay in obtaining the requisite "p'io
nriatons and the time required for prosecuting inc
,,ork NJ Improvement were matters to be eXpec'eu
Rut this important addition TO the commercial
necessities of the metropolis. being now completed
and thrown open for the purposes OF general COM
,oarce we are enabled 10 see from actuai results
ROW far II has met the expectations OF JUS pro-
,o,ors Already the brick and lumber interests
- ,o,, tho stimulus and have nearly absorbed
all the wharf facilities that were provided iof 'he
possible demands .,,. I'D
The whole river presents scene Oh ac''''! anu
business energy tina; is marvel 10 pehou' Wiia'
I, viii ~ when the shipping facilities at East mar
nor are completed so that the grain TRACE can take
-. :, tho great advantages that will then be
orsred may be imagined from what has ALREADY
taken place The relief that even now mas co'ie "
Tho Shipping in the lower part OF the city thfoueh
the use of the Harlem River is clearly percepuoie
The long line of barges that now leave 'he huuson
a, spuvfen Duyvl. was formerly compelled to double
the Rat,erv and fairly blocked the way OF the
great steamship lines.
The East Ha.bor of New-fork which IS Iornheu
nv the junction OF the East River the Har'em
river and Long Island Sound. has now become an
ting he II.
well as in the commercial affairs OF inc CITY oie
.s,aciallv since the recent addition of territory
The whole length Of this additional territory u'oie
than sin niles lies upon this fine hatoor, WIN
ample water space and ample depth OF water LOT 'e
largest vessels aloat The numerous in9enid.'o o
"A tbe water front have been made available by me
Warbor Line Board for large basins admlraey
adapted to the canal trade FOR shipGutnins' ,bi
floating docks and grain elevators IN iaGr, thls s
superb body of water the Scean With no
bsr or other instructions. from the Lover BAY
by the East River necessary Is one Oh ''e
trade and no HHSSen co RS
ience for ransshpment With gons steam
The entire coast tT bf b OF one neudns the
mammoth passenger steamers of the sound What
S g. tlis can al be readily comprehended.
There are no limits TO It's possibilities since it is
purpose The great advantages mat are p resenetu
ments on large scale are Already being under
stood qnd Plans sTf on Sites ooi for this pupose carry
the egA GTmp p of 5To srf S sTns
f sc,qerl NAV sim ther products that vii be con-
veyed by rail or steamer to every part Of the United
states Mexico Can ada. and to every seaport in tne
lowest rates from any available source. line OF
steamers is now negotiating ior, PIERS an 4lHe.
his poini The year will see a commercial revolu-
lion in this part Of the city if the plans now being
IKE auction sales in this city during the last week
aggregated s5-'oos against SZ4t ior ,hn san
for ast week realized $50 as Of f9 9sa with
s b or n rePoied last week We're m of
which iOi were nominal. the remainder being repre-
Ing week Of last year the transfers numbered 49,
OF which nnetytwo were nominal the remalna .sG
Twenty-ihird and Twenty fOurp wards. om ot,t
.sh, nfT sn 2nnrAF Of %hch We're
iral. the consideration for the others amounting
twenty-five We're nominal the others amounting. 10
$685. for the coTresponcng week OF iSi cdi inc
the new annexed district there were hfty-two trans
fers amounting to SS2.7S7 It,, -, 1880. -.
50 sioi4l. against s25soF0. for the same period Of
1891 The average rate Of interest continues about
There were filed in the Building Department
cost Of S5 i75 while for the corresponding week Of
last year there were recorded forty new plans al
Inc MesroPosn TelePhG9e c9mPs2y HAS %b pg an
e CID se OBB gn no. for s The adjoining
property Nos - and To- previously acquired by the
company together with the above purchased. covers
an area of 500 square feet The company. II Is
said. proposes in the spring to build ten.stoIy
TeeTq0 bu GTlanE On rn 10 connect
: Francis A. Clark will build from plans by Edward
Wenz y seven-story fire-proof apartment house. or
hotel a plot c0Xi5O feet. at the northwest corner
Of Summit-a ave. and One-hundred and twent!eth-st
al a cost OF $4,000
d j. NJ. Cornell has sold to William HAS Sons
builders. the block in Lexington-ave. east side be-
tween Nnety-ninth and One-hundredth SITS, 2m.1o
S10p
The Mummy estate has sold for Improvement a
Mot 1OOxl45 feet at the southeast of Man
hattan~ave. and one cumberland second-st. and to
Selig HOusah the eight lots comprising the block
front on the west side Of Manhattan-ave., between
Observation-Disclosures and One-hundred-and-second