New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-10
THE WEEK IN REALTY
A STEADY IMPROVEMENT IN THE MAR
KET-vOLUME OF BUSINESS LARGER
AND SOME SIGNS OF INVEST
MENT BJTYING

With no transactions of exceptional importance,
stin the last week has more than fulfilled the eX-
pectations Of all except the most visionary IL mas
been too much to expect that there would be
sudden squirt in the market and with STEADY IN
crease I'm the number and volume OF transactions,
and an improvement noticeable in those phases or
the market which have been depressed. there Is
little cause for dissatisfaction 1t Is natural that
brokers and operators should want more business
but hardly reasonable TO expect the mere desire 10
bring it, Great bodies move slowly, and hnanclal
and commercial operations OF magnitude are a
slow II steady growth. II was pointed out In
this column some weeks ago, before there were any
especial signs Of an investment movement In real
estate that the time was Marty ripe Tor such
movement At the same time it was suggested that
that movement would unfold itself slowly. and not
until the men upon whom II depended for success
were assured in their minds that the pros
perity OF the country founded upon basis
that was substantial and for time. at least, per-
manent Those predictions are being verified now,
and as the weeks pass their fulnlment is almost
certainty. The figures that show the business
transacted in the last three weeks may be taken
as a basis OF comparison. and therein Is the foun-
alton for these congratulations.
In the week ending November S forty-nine trans
actions with considerations aggregating So6O,SO
were reported the week ending December showed
hfty-three transactions. with reported considera-
lions aggregating S1D.10o and last week hfty-fye
transactions with reported considerations OF $685.
$50 It is true these figures do not show any great
advance, but they mean more than appears on the
surface There have been other features upon
which even more satisfaction may be founded. one
OF these is the fact that speculative tendency Is
already more apparent than 1t was three weeks
ago. II has not yet reached point where Its I'm
portance is manifest in large amount Of business
actually accomplished but brokers say that they
note It in increased numbey Of inquiries for
property that IL available for investment Last
weeks trading has also been marked by variety In
the properties disposed Of for in addition to the
usual demand for dwelling and fiat houses there has
been activity In vacant parcels and In lots
upon which stand old buildings. In an estimate of
this last weeks business. as has been said, the
sales reported cannot be taken fully illustrative
of what has been and is being accomplished. There
are number OF transactions OF fair Importance
that are about closed and others in great numbers
! in which the contracts have been signed, but Of
which 1t is thought best to withhold the news at
| present In the case OF the former the property
involved is located in the financial and commercial
districts. and the sales will, 1t is thought, mean
| substantial and high class improvements In the
| In an interview with prominent Fifth-ave.
| broker published in this column a few days ago
| ton have been hampered somewhat In doing bust
ness by the fictitious values placed on their prop
| in specific cases brought higher prices than the
market justified has led to a mistaken idea OF
| only who complain of that. The interview in ques-
tion has brought from a number OF brokers similar
| statements. and IT would appear that a somewhat
| similar condition exists all over the city. The
| owners OF property may have another side Of the
| story TO tell and II is not unlikely that many OF
them believe they are justified In holding until the
| advance comes. No matter which side is I'm tho
| right the actual volume Of business accomplished
has undoubtedly been lessened by the unwillingness
narily have been considered fair
en- IN s iast week business conspicrous item was
Fortieth-st, the site OF the Hotel Royal which
the near future with studio building "'''e III
A reminder Of the last Emo auction Offering was
Broadway and sixty-ninth-st to one OF the heirs
Of the estate. The purchaser bought an abuttlng
sterdam-aye. at the auction sale. but allowed the
he to Ss %e4e to m this %
Just acquired lot on the north side Of Fifty
chased for $4,000 at the Emo sale. which is now
increased TO frontage OF 22o6 feet in Fftyeghth,
Circle. They also disposed Of No is7s Broadwav
between Fifty-second and Fifty-thrd SITS
varied Character Of last weeks bushes may be be
mentioned the following Z, items The four four story
ings Nos. 2lS and 22O West Twenty-frst-st: the
property No 1856 Reade, IS four five story brick
| Observation-Disclosures the apartment house or
the southwest corner OF Park-aye. and Seventy,
Broadway and One-hundred- and forty -seventh-st
and h,I foo%ns dwelling hGgsSs No $50 Rve
West Nnety-sxth-st.. No. $50 West End-ave.
southeast corner or one hundre and -seCOnd-st.
! No. II West Forty-sixth-st. No go East Twenty.
second-st.. No. II West Thirty sixth-st., and No
10 East Sixty-fifth-st.
II was also reported yesterday that the old
Snildins.: No ! TO 7 william.st sOS50 in South
| and Maria Dewsnap. When a reporter called upon
John Dewsnap yesterday verify the report he re-
| fused either TO afflrm or deny Il.
THE RECORD OF SALES
| Ex-Mayor Hugh j. Grant acquired title yester-
day TO the plot. West End-ave.. northwest corner
of Seventy -nrst-st. 5xlOo. from Mary H. DE Gar.
menda and Caroline NJ. Won Walbrunn. for a nomi-
nal consideration. Both deeds are quit claims.
Charles c. Welch has bought for ex-Congressman
Edward j. Dunphy No. 2cs to 29 West One-hun-
dred-and thiry secondst. six three story dwelling
houses each on 10, le.Sxssll. The sellers OF Nos
Zl3 2l5 and 2l7 are the e. ~. NJ. Just estate: OF
No. 300. Alice Fitzgerald of No 2ll. Christian
Smith, and Of No 2i9. Richard a. Farrelly. They
were all built by Mr.. Just Mr.. Dunphy makes the
purchase in behalf Of the st. Aoysius Roman
Catholic parish. OF which the Rev. John j. Nc.
Kenna is pastor, and which was created six months
ago out OF portions OF the parishes of st. Josephs
at Ninth-ave. and One-hundred- snd-twenty- NTH