New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-31
MONEY FOR NEW BUILDINGS.
INCREASE IN MORTGAGE LOANS At LIB
ERAL RATES.
CONDITION OF THE REAL ESTATE MNNNHi-
SALES AND FEATURES OF TIE NhLN
PLANS FOR NEW STRUCTURES

PLANS FOR NEW STRUCTURES
Thu large increase in the building movement. hiS
ma lie a big demand for money and many ou'"'''
looms are being made Loans on real estate are
made in mos. Instances on liberal terms anu ~"
rates will continue 10 prevail on Tea' 'sui'v i
PRINCIPALLY on account of the good record real
made in the panic times. Lending institutions ha>c
found II easier in the last t~O weeks TO e'"P'o'
their funds and there is plenty Of money To !oah d.
A., and , per cent, according to the nature VI 'ie
security and on business and private u"e"'it''
money can be had at per cent When me oi'S w
not exceed 20 per OF he market value OF 'ic
property TIE savings banks and the keal Estate
Trio 'Gu,rantce companies report more detnanuS
for loans in the last month. ana gooa WaJo'''S vi
them have been builders loans AT hDeral rateS'
There are many demands for mortgage lodhs io'''
ovnors and spectators IN real estate, VINO VISA 10
increase the value of their present ho'dlngS ~ du-
di,lons and alterations. to keep pace with Tie
nov, buildings which are goins ul. ana III some
banks and other mOney-endnS concerns d osN''
demand is reported coming from ms SOURCE
,h,n from new operations The idea is held ny soe
peonle Interested in the money and real eS'de
markets that tho filing of so many plans TOR new
buildings Will have tendency to sti9en money
ratios for they reason that II the outlook II so goou
for investments the money rates ought 10 go w.
but so far this theory has not been deVcoPei' anu
most institutions report easy money on reII eSu''
loans Appraisers loans for savings banks an
rou,c. mat annlcat iors FOR loans. while not eN-
tensive are steadily increasing, and that the indca-
lions point toward large demand Tor money 10
he put out in new directions X appears thai the
wan, of money will not be obstacle to the puld-
ing movement.
BUILDING CONVENIENT CONTINUES
This movement continues 20 increase ana laS'
week tee number of plans filed at the Building De-
nor.,rcr, showed an increase Of nine;ycight over
the corresponding week last year ana an increase
Of cighty-ninc over tn, previous week ms year.
The amount OF money involved in the plans ie' '9'
,veok showed an increase of $&9S73S5 over the cor
rcspondng week in 1894 and an increase Oh S'''o''
e25 over the previous week this year Inc pt"S io
tina large store to be erected by the 'hcaSo nun y.
Siogel Cooper IL CO.. at SIXt1-lve' h!sh''v"'' "'
Nineteenth SITS, call for q seven-story orI0N so
and iron steel skeleton frame. hr"-prooi' '"oio''
etorn and lof, building. - cover the entire DION
fr,nt in Sixth-avc GOO fccD and running p1Nn '
DO. IN cach street The has not been d'"ii'e'S
estimated though the Slegcl CONSTRUCTION Co'"pa'.'
A CORPORATION formed expressly 10 pu''' ''
IRE has 4 pad-in capital OF N"''"" anu NV 90
will probably be near S.3"c". steel to"r' -"'
Zoo, hich will rise from the centre of the 'h'h-a'e
,o,. Tn. building will hc thoroughly hre-proo''
and all modern Improvements VIII be ihs'"i''' III
Guiding electric elevators. stc@ih-"ed'l''s ~
nlant and apparatais ana eIeCr'e-'s'""N ''
o,,,ros and wiring. Ground Will he broken III May
,;eorce H. Post has been commissioner py he"'S
Z, tI,yo,pever 10 draw plans FOR two buiIiihgs one
., n. erected on the site Of the old Metropolitan no
.el and the other on the site 81 the %" i''"'
Hullding 1t said that the building 10 De er"0''' Va
the Herald" site Will be the talIest once S'i"'
,r rho civ on the metropolitan Hotel site the ne"
h,rslnr Will be twelve stories. The Nc"-hor~ An
Id, CIuh wi. shortly invite architects I" submit
,l,ns for a new city clubhouse 10 be eTectei al wv
southeas, corner OF Ffty-n.nih-st. ana NNt"-"'e'
This building will cost about N''' ana WIZ DC '.'
fines, athletic clubhouse IN THIS country. 'o'' .''
dc,,rs ~ the piano filed it appears that new buiI1-
.bsz g.
hols and private residences are being projected UT
an parts Of Manhattan Island and hS vicinity
BUSINESS IN TIE WEEK.
The demand FOR real estate at the auction roofs
an1 through brokers Offices ~aT somewhat H'"''''
last week although the private saeT whieh "'r'
made pubic aggregated about H"""" N"u''"'
hyvcrs OF property have IN the Last week SHOWN
80, ohior,,ons +, the prices az which prospective
s,crs hold their property and on this account more
than any other business vas restricted. inc "u'-
ton sales developed 10 nov features ".r ~
AMOUNTING In value to Sig+s2. against N"N'sT' Ia
the same week a year ago The irlncp"l f"'9 D"
the aurtion-rooms last we"k were the fo"'"inG
Iorr Y Go.dlng and Phpps a Easton have S''H
t,r Police Inspector Mclaughlin the two ipni-S''Fy
s.,,. front storce and dwellings SOS. ~ am -
| West Forty-eecond-st. 70 William 'tV'hn'"
! Adams The Inspector purchased the pioI'rP ABOUT
elk months ago from Manl"lbaum ~ Levine Tor
O., on and tite was taken some time Ia'eG ~ the
/ r,o ~ N.rgaret Heenan. The buyer. 4 member
- ,no real estate firm ~ Adams Bros. - also ne
n,,rcha ger of the four-story building On same s'|l
| jof Nos ilG and ~. ADJOINING The price reported
/ - bay. been paid for both parcels - about S-f'-
Co.," but good judges estimate th'' '"e ".S,eS'''
+ price agreed upon - hei''' F-'''y> w
sum mentioned.
| William g. Adams. Of Adams Brothers. mas p"r-
| chased the two four tory hrownstone dwellings,
Nos 20 and ~ West For'y-s"cond-st'' al ABOUT
$1,000.
snll f,r He
hck IN. three-story dwelling. No 2ls West thirty
eghth-gt to Or. Murch at N5"
charles If Leland Is the purchaser Of No. " West
Tbjrty-fourih-st. Il four-story hlgh-%toop brown
stone residence recently sold by ADAMS bro'hers'
| at $4,000.
II Is reported that Luther Koun;ze is the pur-
, chaser at :l25Oco II the four-story and bisemen;
brownstone dwelling. ~. East Fifty-scventh-st.'
sold by Frederick Potter
Randolph Guggenhe!mer, IT is reported, has s)li
| In. six-story business building, nos. l'1 and la
7 Grcone-st, for about $4,000
Schrac & Richtberg have sold for william Beai
| to Thomas Swain No IA West Sixteenth-st.' Il
four-story dwelling. for $1,000
James l. Frame Son have purchased from
Clara Sachs four lots in Sxty-nin'h-st. north side.
100 feet west OF Central Park West, and VIII build
five four-story dwellings upon them.
John Farley has sold two three-sory twenty-foot
brownatone dwellings in West Enl,ave. No. 81 to
| T. ". Wettlaufer, and No. H7 u Horace lnglyson
j. ". Midget & CO. report the sale for William Ian;
u Lynch Of 100 acres or lana Known hS REMAIN ihF
| Wow Park. West Chester village. for Siopt
Bennett a Graf have exchanged fyr W - bhd-
win the iy'-stOry apartment house No. lJSs fdfk-
| ave. az $3.50 with L1ndaay * Johnson tor me
three-story ana basement limeston" dweihnS no
$50 West seventy iirst-st, at $I,..O. -
sawson q Hobbs have sold for DR.. Wi.'lAm r.
Diler the four-stOry brOwnstont DWELLING no. ~
| West sixty -ninth-st. to r. J. Mount; prlc.. %o0
Cremin & Norton have sold No 2&i TAiIi-iive.
! a brick business building for $4,000 g. Bulldc'
| Patrick Norton and haV- aisO sold for Elward +.
! Hartley No. IA Fast Onc-hundrel- and-twcnty-
| sevenih-st 20 same purchaser flr $4,000
Richard Rlker has FLED plans for a iivc-tofy
brick nIthouse in the east side ~ Tnirl-aNe.. ~
feet south Of Forty -nn;h-s; Dames ". Coe. aren't
! tecD to COS. $1,000. .
! seton q Wissmann have sod for Frederick Pot
ter the foUr-stOry brick AID stone from re5id me-
/ No Fast Fifty-s- vCnth-st. fJr $500. .
! William t. Jacks N his sold for Ere 'Crlch H.
I.ttleh.d no 129 We; gity-5econd-st. - tnrcr-
| story dwelling ~ feet front. for about 100 -
A l.. REYNOLDS. who e. t. convey - Mr.. IAtuefrld