New-York tribune., 1903-06-28
THE WEEK IN REALTY.
Condition Of Market 4fords Some
Cause for GIadness.


Conditions are not bad they might be Judg
Eng from the actions of of the leaders OF the
realty market, the building tieup could continue
for months Yet without seriously affecting
their business. Should the building trade strikes
be IN effect in october, II is impossible to say
whether not it would usher in panicky times.
There are many lines Of business in the realty
market. and each is more or less connected with
the Others. The majority OF buyers seek the lend
eTs Of money in carrying out their operations The
greater number Of builders look to the people who
loan money on bond and mortgage 10 help them
IN their projects The speculative buyers must
ind purchasers in q reasonable time, else they
would make profit from their investments. If
general favorable conditions Go not prevail the
brokers' speculators builders and realty companies
suffer. It is said that the prospect for the return
Of normal times before the summer dulness is
past is excellent.
yesterday, that many persons identified with the
realty market are looking for the bright side Of
things in the present condition OF the market
This trait is contagious and its power for good
IS great have few occasions in the realty
market when could find nothing to make me re
eoice. The principal reason for not being despon-
dent il the present trying times is that the building
rseup came at the best OF the year. the hot
season when there are more realty vaca-
rions than there at work in the city.
SAYS CITY Is UNDERBUILT
Now. another important reason is that the city
IS underbuilt. and not overbullt, many people
think That means that there should be few va
cances in buildings used for dwelling purposes,
that hathouses. apartment houses, etc. should be
better paying investments than any time in the
history this city. and if the latter assertion is
true the demands 70 purchase faIhouses and apart
Tnent houses should be many and the sales almost
as correspondingly large. The present building
EtrIke reminds me of the following story:
Two men who lived together had a quarrel over
= loaf Of bread. It the only thing they had to
ear in the house and. fast. II the only loaf
Of bread to be had in the country in which they
lived. They were angry at each other that they
forgot that they had not eaten for many hours.
and did not see that number OF rats winch hao
got into their rooms were nibbiing at the bread
When they had settled their dispute the bread
was gone and their cravings for FOOD were almost
.rsufferabe. II many days before they fouhd
something 10 eat.
.F5ovv foolish we were TO quarrel they said to
each other We did not by dispute better the
CONDITION Of any one; not even ourselves For not
being able 70 contro3 our tepers Father Time tooE
away from Us the loaf OF bread which we mac
earned by the sweat Of our brows. and consequently
we suffered much mental and bodily anguish
The moral Of the story take TO be; Never to
look upon a person as an enemy unless ne Is an
obstacle in the va Of the betterment OF the hu-
man race.
MARKET READ FOR TIECP-
~ -, strongly IF the opinion that the realty
-,s-l-4+ Was never better prepared for building
,ie17n and think the strikers will learn this be-
fore -nanv DAYS hope one Will consider me
taking sides with sny faction in the building traoe
Cortruversy.''
one OF the features of the purchase market last
1aelz vras the transactions in tenement houses AT
least forty such transactions were reported II Is
thought that activity this class Of buildings Is
proof positive that many more sueh ouiidllsS iN0
be buft 10 meet the present needs.
Jacob FinkeIstein has sold for H Manoeinaunn
M 81 East Seventy-toUrth-st-. five story 1ee-
ass rT1lS
% louis singer and Louis AiulteT Nos S and g go
East One-hundred-and-sixth-st Two & seven s'0'S
tenement houses on plot 0exloo-n leeI s - xf-sb
Harris Sokolski & Son have s9Io [or p;1se n On
No 1Ss Allen-st-, six story tenement io1Se' va
gg5 Fast one hundred foTty,fourth-st n'e
story hathouse on e Iof .oHlgS SSt the plot 5oxso
fss- On tte east side Of Washington-ave oo IeeI
f9'A bs alo - Sought lot 2sxleo feet on the west
side Of Tiebout-ave-, 200 feet north OF One-1Iu
soe Of the sales Of hathouse or apart
:neor house a Pr0fs5 Is5 MacdoGgal-sf 10 z2s Tenth
~ = : s ec6ndsve No 81 randst No a. Ridge
svent6-gf Kos 455 ana $50 West hun
-TNeTty-seveD1h-s5 Nos 81 "A seco9d-sEe 10
- Vegf first-st No 2as
{ East Observation-Disclosures y o %. U.s. U.s.
One-hundred- and 10 20 sn5 fSs Il Vest
One-hunred- 5 ~ Fast
s5ne-hundred-a raeLeenth-st y tdsnS Z 6casI and
No. East
[o----ez-1h-st No u East One-hundTeo-arlo-s
Iee-ih-st 10 2O2 East Orehundred-a Il
10 : Faer hundred anu-siXth-sI-, No 17y1
T-frsr-ave. and Nos. 20 and = East OAe-Iu eN
aod-ffteenth-st.
SOME ASTOUNDING COMPARISONS
r, ,4a building statistics for the last week and
so- about the last months some OF the com
narrative tables are truly astonishing, as increases
3 F1fl5ing plans for some months are shown When
rig decreases were expected Last week twenty
-ya r1ans for buildings TO be erected IL Manhattan
were Cd against twenty-five IoT lhe 80
s- sr-fl7e The total number Of building plans 1ieo
Issr week in Manhattan and The Bronx was Ioits
rfne Is agafrst thirty-iive for the Corresponding
vel, lasf wear There is great oifereflce- now
ever in he estimated cost OF the pu!Iallss Ia ID
~ The fo~rv-rfne buildings being S3illz9 ana Lor
ba -b{rTx-fs=e buildings Ss2z2 $50 Inc IQla4 Ilul.
Of mans for buildings nleC from
q 5are vas 996 as against ezs for the a
rrsod iasr year The estimated cost dor m 80
f-.fl5rFs was S43 1880 and for the 9i9 pui4olhsS
sl.sl357s
REALTY PAPERS OPINION.
The Real Estate Record and Guide" in its last
sss1e saws in an article the real estate siil3liO'
The real estate market IS doubtless seasonaply
dun. but ii probably seems duller than II rea4ly Is
Cracrlsrfye Operations whether by real estate CIi
rsrfes ~ individuals have been reduced 10 illi--
IFr-r because specuators cannot aiIoro 10 IAt aiS
cbances on q condition uncertain as tle sLGs- Y
5T- 0f biiIding makes the existing situation On
other hand a number OF S1les
he reported and unusually large nIIlo ne
race which escape publication II IS eNlraor
Rls0 how consistently the NUMBER OF 2,esr
in the history Of New-York- During the sS IasI Le
weeks instance conveyanees