New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-09
REAL ESTATE.
BUSINESS IN THE FIELD.

A variety of causes has contributed during the
last week to restrict business in the realty market
A large number OF investors in realty are remain
ing passive for the moment pending the orsaniza-
tion Of the committees in Congress ana 'he an
nouncement OF some definite expression OF op'"'o"
or the part Of that body as to what remeues arc
10 be provided to relieve the anxietes that are ITO"
affecting the commercial world
The statement recently made by Speaker heeu
that Congress mus. avoid all legislation except III
the direction Of improving business mas aiase c"
much anxiety on the part Of large dealers In realty
especially those who compelled IN ther Nas'
operations to use large sums OF borrowed captaI.
Another cause for the restriction of realty opera
lions at the moment is the labor troubles IN lhe
building trades Several proposed large buildihg
operations have, result OF the strike. beeh
abandoned The strike. 1t is contended. has done
the city and the workmen incalcuable harm by
thus arresting these contemplated building opera
tons.
While the investors in realty, as before stated
are simply looking on for the moment ana mus
causing some disappointment on the part OF those
who have realty for SALE there is another class OF
real estate dealers. namely the builder and tho
speculator, who are on the alert for bargains IN
building lots and unmproved property for sale In
fact this class OF property has been in good de-
mand. resulting in numerous sales in the last week.
Unimproved property in any good locahty sa! IN
Broadway adjoining streets. is especially sought
for at good prices There Is considerable proht
realized in buying this class of property and In
improving by the erection OF frst-cass buildings
on It. This explains why so many large sales nave
recently been made to SPECTATORS At present there
Is very little demand for medium-class property
The desrability of limiting the height of buildings
IS again under consideration. At regular meeting
Of the Chamber of Commerce. held on Ihursua!
last the appointment OF committee to investigate
this subject under discussion. and. on motion
OF Charles s. Smith. the following resolution was
adopted:
Resolved. That the Committee on Internal Trade
and Improvements be requested to report at the
next meeting Of the Chamber whether. In their
Judgment. the construction OF buildings IN this city
without limit height. and without reference to
the width Of the streets is consistent with the pub
lie health and welfare"
Another question OF larger interest not only TO
merchants but especially to property-owners, as
the proposed plan of building more elevators in the
upper part Of the city for the accommodation of
grain received here for export At present, 1t is
said. there neither cars nor canalboats up to
the date OF closing OF navigation sufficient to trans
port the grain that is waiting 10 be sent to the sea-
board that. in fact. part of the productions of
tho great West are locked up away from the mar
ket The remedy for this Is clearly apparent The
seaboard the place for accommodating the products
OF the country Grain elevators OF sufcient capac-
fly to receive and deliver the vast connentaI pro
ductons fast as they are demanded Tor me
worlds consumption SHOULD be pT9dea rms s mf by
recent happenings in such a way mat syneIcat,e
ef the iF ste offered for this purpose With
the intention OF taking immediate acton once let
died al this port with the same greater economy
that It can in the West, and there will be no doubt
Some life has been exhibited in the real estate
auction Ia & y the has last e %e With a ra
ers Notwithstanding the fact that the list OF an
cSarscier This is regarded by operators as in
Of better CONDITION for h h really oS sae at
auction for last week aggregate the sum of sS2ss75.
The aIcton sales in brooklyn realized liz the sum
spending week of 1894
week Aggregated the sum Of 100000 against 5000
900 for the previous week zee me ny nrs Do ne
NAL the remainder being represented by y, total OF
For the 20 M gb Wsek or as' n ysa
inal the remainder being represented by total Of
% III the ISe newt d
were is transfers. Of which s nomina ls the s
q ,9T the others q ero go NJ M
others amounting TO s2lssl2 the corresponding
fourth wards. Including the new annexed district.
there Were 70 tT "a amounting to 3isS .,
H721Se against s5s9547 for the period Of 1894
The average rate of interest continues about AZ
There S were filed in the Building Department
Of oo V While T for the cerespondng week Of last
year there were recorded 81 new plans at an esii-
Kdansky Fine builders have puTcha Sc dol the
OS 7s Ap hf or a5Oa running through
Eliza NJ. Snlvely has sold TO Rosa r. Stratton No.
81 East Broadway. hve-story tenement-house and
lot. 25x75
John r. Todd. who recently purchased plot In
Coumbus-ave.. 766xl0o. twenty-five feet south Of
Eightieth-st opposite Manhattan Square. and ad-
joining lot in the E.ghtieth-st., for $4,000.
has resold the same to Morgenthau, Plant & Gold
smith. al advance.
William H. Hurst has sold to Oppenhelmer Broo.
& Veith the plot, 10)Sx63 the southeast corner
of Madison-ave. and Eighty eighth-st.
F. B. Walker has sold plot Of five lots or the
northwest corner Of St. Anns-ave and Onehun-
dreda md forty fourth-st. for Joseph Schosser 10
John II Baker and to the same buyer. for Gouver-
Tilloson, three lots in One-hundred- and forty
ffth-st, north side. between Brook and ST. AIMS
Alfred Siegman has sold plot 100x100x19o, In In
wood-ave.. side 200 feet south Of Clark Place,
for 5000 10 |. Rothschd, and No. 466 East One
ed-and-forty -ninth-st. $500, to the same
buyer.