New-York tribune., 1903-07-05
~Dyr WEEK IN REALTY.
e,s,isfios for June Shoe Strong
T.ocqI Market.

LOlGu VI UhCb.
o, was asked whether the statistics on
= mortgages and projected buildings
80 showed abnormal conditions in the realty
g ~ would quickly say no. for these sta
uA.' rot indicate z state bordering on tirnidiry
us,srtsirty They are statistics that should
- - n riIded frames and hung up in con-
-f,res where realty men meet. so that the
- lessons .hey teach might be more widely
sea7e persons may not see any good les
,.e obtained from the statistics, but. never
ssess they are there
i-f .f.. records of mortgages, etc, for the re-
,--tl.e af the year be radiantly pleas
m- ~ records of June. the realty leaders and
l-er nv in the market ought TO have some
% - +f,srks on the appointed day IN Novem-
peslry men. however, are more given TO
..- .ha leaders OF the market and watching
-. movements than IN trying 10 ma records
s-stie for gllded frames.
, ave some records or realty documents
b. found in many real estate Offices. but
- hardly worth the paper on which they are
80 Tn fact. they often put false impressions
,.- sfairs IN the minds OF many. Especially
o. 80 IN The case Of the newcomer in realty
j ' --+ssa records or documents set forth how
s--4 -areel was bought many years ago for
- 5ollars and now one inch Of it was recently
o.or5fnC 10 the tale, for something like
onoa Not e word appears or the paper as to
NJ carrying the property from the day OF
1T -. ,,-tu the day Of sale. It must, however.
- f-~-otten in computing the probable realty
=. e,-7 q vacant plot valued at 100000 to-day
-. fr q hundred years many thousands Of dollars
- he'd 10 be paid taxes by the owner Of that
- And documents that would lead the reader
= f,-gat this should never be displayed in any
real estate oftce
s--rrrsrED SENTENCES FOR OFFICES
r. should instead be replaced as quickly as
.f. with the June records on mortgages. con-
&C and projected buildings, and If not by the
- -s-.-5s hy placards in neat frames with
..-ess somewhat Ike the following:
.-.,rssB5s n dollars have been made by wise
se-rv Investments and as large sums lost by IN
r.. ,sa June records the following sentences
could he made.
The total number Of realty conveyances for Man
.-- - Tr.ra was .G5g. against 555 for the
molta iaSf leT %5 Issi1S Wo1id if not ar
-esr ron these figures that the people who are
sorfdart bout the future Of the market show their
f--r ir al excellent way, by investing
Another one could read:
Totsl number OF mortgages on Manhattan prop
e-ty recorded In June; lo52 as against seS Tor the
Corresponding week LasJ year. Inc me n9InneE 5o OF
Trrrx mortgages recorded IN lHe was 64e ana Ior
7--e -6r s,e The amount Of the Manhattan mort
Manhattan MORTGAGES recorded in June. 1902 Is this
T6t zuaicsnt proof Of the stability Of local real
estate
In big RED letters foot or more should be printed
m sbeeDskin the following sentence formed from
The agures u the June statistics:
rofsr number Of plans for new buildings fled in
the last week Of June, 1893, 30 as against S6 for the
isst week iu June, 1892, gain of for June, 1903,
Tfen there was general building tieup.
Many other. collections Of words could be got
fr,n1 the statistics This collection should be con-
.ssrad worth the while to hand down 70 the COM
j-r generation Of realty men. and. moreover, for
ire knowledge of the present day workers in real
C-e of The principal transactions of the week was
fbe purchase by Clement & Campbell from Potter
4 Brother of Nos. g. 3 and East Twenty-seventh-
81 The plot has frontage in Twenty-seveuth-st.
Il T feet and a depth Of IS feet. The buyers will
premises The details Of two big hotel leases were
reported 81 the course Of the week. One transac-
non was the leasing Of twelve and one-half story
Severity -zeventh-st 80 feet east OF Columbus-ave.
which viii be completed on October !. The lessee
& the Manhattan Square Hotel Company. which
was o-Eanized bv sondheirn & sondheirn The lease
Is for twenry-one years at an aggregate rental Of
E1.A0094 The other transaction was the leasing Of
Blfty-iourth-st and Broadway, for twenty-one
gears. for s1.20oN
4 REALTY PAPERS OPINION.
gsThs Real Estate Record and Guide" in its last
EsEas says IN part about the last week in realty:
The real estate business reported this week TAX
sng into consideration the season the strike situa-
11oa and the fact that the week is broken by a
holiday, may be considered a fairly active week
making more than fair comparison with the cor
responding week Of last year for Manhattan. For
The Bronx the reported business far exceeds that
reported isst year, ana II mas been ahead Of the
record o. twelve months ago for some weeks past:
a fact, the business being done in this section
seems 70 nave escaped general notice. Judging
from the prices being asked and obtained Il looks
fs u the conditions that The Bronx property owner
has been looking and hoping for had arrived. Prices
are sun, ana The renting situation in almost every
tel-oh o the borough is IS good as II not better
than in Manhattan.