New-York tribune., 1901-12-08
THE WEEK IN REALTY.

,-.v0, the nrincinal feature of the realty mar
ket for some time has been the important realty
transactions under way in the district bounded by
rhirtieth and Thirty-fourth SITS. and Seventh and
Ninth ayes there has been no excited rush Of op-
orators and brokers obtain parcels in that sec
hon Realty operations are now SO wei! oeHiieu
and planned some months before steps are TAKEN
to bring them to successful end that no expected
activity in any particular section can apparently
stcn the prearranged order of business except IN
rare instances. Such occasions are extremely raFe'
end Il is seemingly well for the marhet thal Lhey
are rare II they were frequent they might de-
noraIize certain fields, upset the work OF many
large improvements and leave in their tran many
brokers and spectators poorer in pocket oul
richer in bitter experience Not long ago eAtraoi
dtnary buying and selling in certain dlsulcts oi
the city were usually stamped as boonls- harge
numbers OF persons were generally attracted ps
s,ch hoorns-raost Of which not the result
of natural demands. They usually rushed rnaoiy
into the trap laid for them by those VINO were re-
snonsfble for the boom. Exorbitant prices were
pajd for property by the victims in the aifected
districts and this property in the majority OF cases
was either held q loss for long time or quick
" sold at loss. Happily. the day OF such oooms
Is gone. Once in e great while person OF
number of persons will go into deal Win thelr
ewes closed, and will suffer a sorry pecunlarE
depletion. To-day the number O. students OF the
realty market is numerous, the army OF CON
servative leaders formidable ana the ihealiS VI
getting honest and sound advice at small cost
SO plentiful that healthy conditions exist ana are
assured for many years unless something untore-
seen hsppens Thus conditions are as they shoulo
be- and every real estate broker and operator
who follows the Golden Rule desires that they
should be maintained These views are not those
held by one but by many leading SPECTATORS
Much could be written to show that the begin
ner in the real estate field has better pros
poets Of becoming identified with successfui trans
actions than perhaps at any time since uues 10
property On Manhattan Island were first legally re-
Eosd n
sect would probably not change the men VINO en-
tered the realty market with the idea that large
suns or at least fair living, couId Dc niaoe III
this field without much hard work. ot course
they failed to attain success unless they accloeht
ally ran head on into good fortune Such cases OF
eoos fortune are known but their number is small.
Undoubtedly the most convincing PROOF that the
rrospect Of the broker, the ne" specu'aIoi u
the new investor succeeding Is greater no" tAaH
.t anv lime within the last twenty or more years
the nresent character of the varied lines OF the
market Each realty corporation, though haFlng
interests in common with others and many peOpie
active in the real estate market Is "ofh4hs 0t
lines which il il has not created ltseiI' - aii an
portant part OF them There are coii's1iiiSS ~
make 2 specially Of dealing in business proper
,jes either ,5ptown OF downtown. Some NANNY re-
strict themselves to study OF wan olreel Psi
cels They buy to improve or resell OF aoe 1O'
others who are not acquainted Win feai's ~
citions In the latter capacity they act as ao-
yiee s,S 80 re a. WORK they do in this respect Then
there concerns which make or The west
SIDE section the East Side secuon,. OF hnonS ~ tbe
arf syse accurate records kept in most
e.ces of real estate transfers anu ano Sa+ing TO
yrons-tT The new investor can safeiy opeiat
h.oush any Of these companies OF pI!s H., aIr,
ecge Of realty operations ano r sa ssnch companies
81 the market There were fe" SUCH Cum
Many Interesting deals were made last week sl put
Just what they indicate TO the futuEe u ,be onera
lions Of the stuyvesant Real Estate COMPANY n
she district bounded by Inr.,etn ite o many re
ports bea3 sd some reports are that the Pennsy-
1aala RaiiTeao Company is lnIe.eSgeo hoveyer ~ say
these reports are untrue. Then it has been an n
nounced several times that joint staton Is ~
New-York a3s Pntnana. the New-York and Harlem
and The Manhattan railway con,pal,ie' ,oaa} fer
minal the Harlem trains viii connect, 1t is saao'
Win the tracks Of ne ci
station Of the Sixth-ave- branch OF ene Matla eIe I
railway Company 70 the new +bs renorf T t. Man
haitian and the New-York and Putnam raiisay a
companies will also run trans 5e g SnYyesant Real
Estate Companv was asked yesterday afternoon
s,s be ariSne pup rePorter - add TO the announcement
made by his company some GAYS sso, th ttiat -, a.
nouncement dd not reveal the plans Oh iae CUM
Some of the principal transactions OF the week
al the @ soppthwest corner Of Fifth-ave, and Eigh-
teenth-st by the Alliance Realty COMPANY; the
sn sss e q N oanf Sinai Hospital Training
tor Nurses at Sixtg-seyenthss nrebass ano of the
Stokes building and other property by the Mutual
Life Insurance connany: the sale OF mo; 5 20 20
adjoining parcels. 10 a person who VII m o.lild - a
large warehouse on the plot snd me sac o,s 0 nos IS
Daniel s. Mclslroy.
n n 4