New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-04
REAL ESTATE.
BUSINESS IN THE FIELD.

There have been many causes attributed from
theory at least to the failure OF the 1ea' eS''
market TO respond at this season OF the year 30
actively and proftably as was predicted IN te e1'
summer months that 1t would In the autumn -
conservative man prominently Identified with rea'
estate affairs expressed last week his disappolh'-
mont with general results Everybody VINO ""o"'
anything about real estate In Ne"-l oiN' "' -
was confident that the return OF 'he in'sSu"s
c,assas 70 the city from their summer trips abroad
or from the seaside or mountain resorts "o"'u ma
the beginning OF active market In rea'y' Imsii
ox,ao,ations have not thus far been realized. Inc
sale and purchase of real estate in TINS c'N nav"
rally involves the solid deposit OF l'Ise 9"''N "
money TO begin with, and in many cases 'le So
ing Of still larger amounts In the FORM u V'e'''''
hased on mortgage securities The cause Oh l"a0
tiyity in my judgment. Is chiefly line A''''uu'
on.rers who really desire liquidate bu' "ho' o"
account of their confidence In the eVeh'"'i ..'.
rLo, value Of their holdings hesitate JEST al 'he
noint when negotiations might be iaNoiapS '
between both the buying and selling parties. 'h'
owners are positively willing to dispose Oh 'i''
nropertv. the buyers will be diSnclihed 10 u'"' 10
.s On tho nresent condition of the money mar
Lat The investor invests only when ne th'N ~
can see a resulting profit by SO doihs' i"'' 49,
&c reasonable on his part, and II appears u III ."
rsasonab,e on the part of owners VINO are com
n,etelv satisfied with their property 10 'hio"
ia,,s and then withdraw them whenever they as
over a nibble at the other end of the line
Another feature which seems TO nave enter WV
the situation in the last monih Is INC vi
movement OF speculative securities III III" as
street market The downward tendency OF 'o"-
49,, .horas IN the Stock Exchange has unQuesuoh
oh,v had IFS effect upon many investors. Va" az
yaluas depreclating in this centre OF Hn""0e'
uhot In the judgment Of many Is an "o.o I
level especially at this season OF me w.. "a
under such favorable industrial pfotu0"N' -
.arsnortation conditions, the holders OF large '.
- &c confidence in many circles OF hnaiice u"
,.d If remarkable activity In STOCK sPeo "a
ION is pending 1t IS customary 10 say in real
made III hIcp although ever reliable In ms o 81, 10
slower in returns and in smart - ennoyei on A
So ~ revenue. 10 the amounts ~ ihe Stock
way and sure bass Of speculation -; ;he indgnent
Fxchange 1t Is obvious inc s}ate men that the
OF many which they represent must Oh
await DEVELOPMENTS market na in the last week was
ihe icorsnicuous by the absence OF rne ne NAV
ve-tor who buys properly The real buyers it Il
Ia we're what are known as D 1, tntent If i'm
80 who buy realty win the u n ad",nre These
pa by were Te
week than W. oreeate results indicated by the re-
norts Received reach only about 'he sN''e ~
s2l"vo ct week there has been some activity IN
III ' rooms Of this city. ana, IN laC' .'e
auctioneers succeeded in disposns t Si s Tb at
per incI,,ded property offered AT public auction
"a hv direction OF executors as Wen as uiue' pa
,t,,an ~ and foreclosure DEGREES Low prices nave
ru p,dlng interests have again been revived snow,
, homi * per cent increased business over the
pTSn ,o,aI conveyances OF last week recorded were
o-a NJ which 165 were nominal. the remainder Deihr
a,resented nv 81 Ss91s1. while for the corresponding
aat ~ 1894 the transfers numbered 3i4 Of whic1
| 10 we're nominal. the others representing an in
| ve,tment OF 50, 1O496s
| In tho Twenty-third and Twenty-fourth wards
,,n,,tiny the new annexed district. act 1850 there
were slxty-nve transfers. OF when nty-tAree were
norni,ei The others showing a total investment OF
sl2l 166 against s9S 40 for the same period Of 1924
The total transfers In the Twenty-third and Tween
| ty-fourth wards. including the annexed district ag-
| ercgated $3.50 S34.
! There were filed In the Building Department las,
| ueek dfty-eIght pans for buildings represent
ing sslS BIZ against forty structures to 1923 2c
| i'm the same week Of last year
| There were 2SG mortgages last week, involving