New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-20
REAL ESTATE.
BUSINESS IN THE FIELD.

BUSINESS IN THE FIELD.
There were no special features in the real estate
field last week There was an Increase OF business
over that OF the week before. Fluctuations or tnis
kind. however. especially around National Coh
vention week. have special significance The una
nimity with which real estate men who are Demo-
Gratis repudiate the Chicago platform is remarka-
bic. They throw politics TO the wind ana declare
that the honor and credit OF the country are OF
more Importance than mere party considerations.
Upon the question OF gold clauses In mortgages
Henry C. Swords the president OF the Real Estate
Trust Company, expressed himself as follows 'he
other day: TT Is our policy to discourage the use
OF the gold clause in mortgages. Inc c'a"se
generally In the printed form. but In the great ma
iority of cases Il is stricken out when the iorm
Is filled in Not more than per cent OF the mort
cages contain the gold clause. believe that wha'
ever kind OF money the Government co'Siue''
good enough for itself IL good enough TOT W. o"ee
In q while a customer insists on having ,he so'"
clause used. and then, Of course, IL Is kept III
Money is plentiful. however Tor loans upo"
real estate which is good security as one ca"
we'll have that I expect that during the pres
ont controversy over silver there will be little II any
increase In the percentage OF use OF the gold
clause"
Persons passing through Fifth-ave. near or JUS.
above Forty -second-st. nowadays md mat part o'
the avenue in a disturbed condition At the SOUTH
the site of Sherrys proposed new home nave just
ham "a zed 70 the ground. Clouds OF dust from the
old dwelling houses on the site have hiied fll,h-a'e'
for the last few weeks. Diagonaily oppos"e' III.
top story of the Fifth-ave. front OF the ohe'
Hotel has been taken down. while the rear po.t'o"
of the building has been razed TO the grouhu' Ieo
Delmonico will have his new headquarters. Al me
southwest corner Of Forty-third-st the ne" nan
~ tho Hotel Renaissance Is approaching compie-
,,on n is TO be opened October /. At Madlson-a'e
and Forty-second-st. the Church OF the ii'i' i''
has been nearly demolished
7, bsgins TO look as II the days Of the ST. james
Hotel were numbered. Although the negotiations
for the purchase OF the property oy fh'au''p
syndicate have gone over into August there II sou
. :. u,,. q minor hitch or two in reaching an
oyraemsnt The principal Philadelphia IN the dea'
"a a wealthy merchant Should the property go u
Tho syndicate the hotel will be torn down ana
store erected the site Other"iso uie Do'
Comnany will reopen the hotel on August 10
Although John b. Cole, the owner OF 'he f'o'e'
Royal site. Is in Europe ana mas '.sn . 40
weeks his attorney has sent out 10 the ne"
dap,al NJ the story that +. T. Walton the piuhser,
has been negotiating for a lease OF the ne" no'ei
70 he erected at Fortleth-st. and Sixth-a'e'
A. o,,omnt WAS made last week to foist upon the
newspapers the story that all the pr'''0ip'' 500
companies OF this city were going 10 oane wv"
nI,nts TO Long Island City and combine all these
in "A
real estate would have been Tor sale at N"iiou'
no,nts on the East and North Rivers Real estate
is somewhat cheaper. to be sure III ione i
CITY than in the crowded portions OF new io'N
But the amount saved in the way sueses'eu "'"N
n. small compared with the expense OF forcing gas
under the East River. The truth OF 'he repoi" On
a,-..dv stated in The Tribune Is denied by those
49,, -. :, interested In the alleged combination
- = p,oh are engaged in preparing the plans
o., pr,rckerhoN Hall the twin building which, with
Mibank Hail. Will form the nucleus OF D'rl'1u
College at Northumberland nineteenth anu JIG |
hundred a nd twentieth SITS. and the bou'e'at" anu
Claremont-ave The plans are the same Tor ooth
boIIs Each building Is TO be iour-s'orS se'
,,,, ord terra Gotta structure. The stone VIII De
,a,,, limestone The roofs will be fiat and VIII
be of asphalt. tut ,-,,,o,
A strong opposition to the tunheh's o' '"'o |
SQUARE for the Metropolitan Traction Compah.
tracks will undoubtedly be made by lhiah! ~
and o,her business men in Union square west AZ
roach no,nts at Fifteenth and sixteenth SITS IRON
40 ors IN case OF the tunnel being permitted, one
.o,la have TO walk some distance especially 10 |
oet IN TiGany's This would be an inconvenience |
TO customers and would not tend 10 improve inc |
value Of the property the west side OF the square
A great deal of disappointment was Iet Ias'
roo,e nv nroperty-owners the upper West Side
ar The total lack OF provision made Tor them III 'he
Manhattan Railway Conpanys plans as presented
% tho Panid Transit Commission. These property |
owners have been on tho warpath for years Tor an |
elevated road up the Boulevard or Fourth or hieV-
anth aves They confidently expected Some en-
couragement this time from the Manhattan people
Among the auction sales of this week Will be the
following. william Kennedy will sell to-day at NO
-, urodvoy Nos 800 to S34 East Ninety -eighth-st
q threo-storv brick factory. Charles A. Berrian VIII
nut nm No 40 West Twenty-thrd-st for sale
Rrvan T. Kennedy will offer Nos lls and us West
c,x,, fourth-st. also Nos go TO "a East Ninety
sixth-st.
Tomorrow d. Phoenix Ingraham & co. will sell
No. 61s West Forty-seventh-st in foreclosure. at
No II, Broadway Strong & Ireland VIII ofier TOR
sale No PSI Third-ave.. and William Kennedy VIII
place on sale. in foreclosure. Nos Sll TO 81 west
nd-fortieth-
philip A. Smyth will offer in foreclosure sale on
at No II Broadway the plot 10 b. l3s
bv So feet in West One -and-fortiethst..
south side 575 feet east OF LenoX-ave. William
Kennedy will offer No 1913 Lexington ave. and
BRYAN L. Kennedy No. $50 Avenue b.
on Thursday at No. Ill Broadway, Philip A.
SMITH will sell No. $50 West End-ave. James L.
Wells will offer property % by lis by 20 Feet with
,wo-story frame dwelling. in Bainbridge-ave., PA
feet northeast Of Travers-st. b. l.. Kennedy will
sel No - East One-hundred-a d-twenty -irst-st.
d Phoenix Ingraham & Co. will sell in foreclosure
On Friday. at No Ill Broadway No. "a West Sew
a three-story and basement brown
stone dwelling William Kennedy will offer No.
AZ East One-hundred and fifty -seventh-st three
story frame dwelling with one-story frame In rear
On lot 246 by 1o1 feet.
The Metropolitan improvement Company mas SOLD
he block front the east side Of West End-ave
between Seventy ninth and Eightieth SITS, on which
, row Of dwellings will be erected. The same COM
,any has also sold % Slgmund b Steinman. for
a5 0O the property O2 by 2S feet at the northwest
corner Of the Boulevard and Eighty-hrst-st