New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-15
REAL ESTATE.
BUSINESS OF THE WEEK.

BUSINESS OF THE WEEK.
While the transactions in real estate conducted
through brokers amounted to $4,000 as far as
reported. last week the conclusion Of the sale OF
part OF the proposed hotel site at Thrty-sxth-st
and Broadway, at 100000. negotiation which has
been pending for weeks. left the average OF other
sales for the week at low figure AT least one
lease this piece of property is yet to be provided
for. but 1t is understood that this Is be arranged
TO the satisfaction of all interests.
Real estate men declared last week that the
National conventions source Of trouble in
the real estate market. although these were not
important factors they usually in a Presi-
Dental year The conviction was general the latter
part OF the week that the st. Louis platform
would declare for sound money in no uncertain
tones, and this conclusion gave rise 10 increased
confidence in tho real estate situation In spite Of
attempts to becloud the public mind confidence In
Major McKiney's soundness the money question
has taken a strong hold upon real estate men, one
of these said the other day: There has been so
much printed by both sides regarding Major Nc
Kinleys attitude the money question that for
some weeks an element of uncertainty was intro
duced on that point. The air seems to be
cleared. however and all the indications point to
a satisfactory outcome on that score. lnasmuch
as Major Mckinley is to be nominated and
since the Republican platform is bound 10 be sound
on the money question: while the Democrats seem
determined to have a frec-sllver platform, the
opinion spreading that all have to do is to vote
for Mckinley order TO place the general condi-
ton OF the country on satisfactory basis Person.
ally am a Democrat. but matters now stand
Shall cast my first Republican vote in this next
election. and know OF scores Of Democrats who
will DO the same thing. or course, meanwhile real
estate interests affected. But believe the out
come will be all right"
Outside Of the political aspect bearing upon the
la,r 10. FHc OLE in
field OF which real estate men talked most last
week the part which John Jacob Astor is taxi
ing in the field. The policy OF long leases IN the
Aston property which he favors. already de-
scrbed. received a heightened interest from the
filing OF plans by Mr.. Aston for the marble office
and business building which he is to erect in Thirty
fourth-st Immediately west Of the new Astor
hotel and the Hotel Waldorf extending from Thlr-
ty-fourth to Thirty-third SITS The impression pre-
walls that John Jacob Astor proposes 10 take an
active hand in promoting and developing the prop
critics which he controls. In view OF his extended
In real there is factor In the
market which could well stir up more conjecture
and gossip than this.
II the mana cement OF the Manhattan Railway
Company could hear the private opinions Of some
OF the best real estate in this city TO that
corporations attitude there would be tingl,ng OF
cars. None Of these will talk for publication. for
obvious reasons. The following Is the tenor OF
Il
estate man: The decision OF the Appellate
Division Of the Supreme Court has left che rapid
transit question wholly in the hands OF the Man
haitian Railway Company. President Lows rcslg
nation from the RAPID Transit Commission Is gen
orally interpreted as showing his despair over any
satisfactory solution OF the rapid transit problem
Tho Maintain company has the hold The com
pany evidently understands this. a. Is what Il has
been playing for And now that 81 mas gpt ,h" " l 2
hand. what does 1t DO? 1t simply asks for ih"
l. GrGF - "a f.arf' ~
routes which-it will be discovered in tim"-wiN
preclude any other corporation from building a
north and south line extending into IA" lower "r-
ton OF the city That il the substance II tho siiua.
ton. As far As can Sec the only hope ior real
called. is concerned lies In the city, giving the
Manhattan company what u wants"
There were Indications last week OF considerable
interest ir investments IN houses for reSi'nc" pr-
poses In uptown districts. one firm sold half
we're resoli within two days. Horses were soll IN
West Twentieth Thirty Hcr'nd. IhiTiN-tnii'l NV
ty-sixth and Thlry-ninih St. aFsrogaung ''V
II Is announced ~ mo brokers n the matter tina,
the deal for The purchas" 81 tho s. James Hoiel
This property belongs 10 the Spofr0rd estate. Tho
for,n a eyndicate OF Phladeipris capitalists. The
principal hitch In tho negotiations has com" from
soil & Cheney who have long lease on ~" sto~e
next south 81 tho hotel Tho syniioa'" refused ~
take the hotel property unless they could go' this
hfth-s;. Thcs" phases Of tao matter 10 u SAID
have now been arranged
Among me principal auction sales this week vi
be the following: To-Day kcinau Lulz & Co VIII
offer n; Shorns sale tho int"r-s. ~ Harriet :
Armstrong In No i?0 20 i2f West S"vente"nf h-s'
I'm No o. Fast Twenfy-nrSi-st. in M ?i{ Green
wich-st and in 40. - Dey-st NoF. L. ~ l'l and
ls2 Chamhcrs-s and IN SO. 20 Wash.nEton-sf
Ryan l.. Kennedy will Offer No. 523 West Twenty
ni1th-st. .
on Tuesday at executors gale William " RYAN
will offer 80 333 East S"vcn'ynithsi. n 80 Ia .
Sevoutv-fixih-st. ard Nos. rs and In Frreman-ft
Rrookyn. A. auction salc Mr. RYAN VIII Offer ~
! aGO Park-ave at Dne-hundrcl-anl- thirty sccont-
81 At The Real Estate Exchange Richard Y. Har-
nett Il CO will put sale 20. 2ii2 Fifth-av". 4
rour-story and basement brownstonc dwelling
house. go
l. ] Phillips Co. Will offer in partition sale on
Wednesday nos &c. p and % East Sixty-siNth-st
on Friday william VI Ryan will present for sale
No 40 East Seventy sccond-st four-story brick
and brownstone residence. while on the same day
| y Phoenix Tngraham & CO. Will place on fore
| closure sale No 15l Worth-St.
| William B TAYLOR Il Sons have sold FOR MrH
Granville T. Iiawcl NJ. Q West Forty KIN 81. a
four-siory hrownstone residence. for abou $50 900
| Charles NJ Heymann has purchased II George "
! Bowling the four-srory dwelling No SO) West Nine
| ty-ninih-st. for $3.50.
! Aueusiin II Donohue has sold 70 Mandelhaum
Levine No. % Delancey-st., old buildings. Tor I'm
| proV