New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-16

.Ee rca est-te market last week was much more
active than sny week the last three months
The number % private sales reported from las:
Monday 10 yesterday rot isrse but there we're
rnn,y r-ore prospective buyers IL the market than
in ,ons tTne acc'-iag 20 many real estate brok-
srs IL view OF TIE greater rI1be- Of inquiries
about parcels 70 sale 10 lease, the outlook for
fairly brisk market i5 tra rear future has grown
srghter. and realty Affairs have taken On a more
pleasing appearance.
III. obstaclss Nhich are az present retarding the
perfection or many Operations are likely eitnei
10 nc sr-rnou-tod removed before many mere
weoks 1h-y 7-s so: caused by marked decrease
ga values. Value nave been steadily rising m
nearly ever section OF The city :0r some wears
liere ana the-c nr.-es for improved and uaim-
irov~l pa.oc.s y-c-t upward a. astonishing gate
snI taeu contracted l'tt'e. There are few op-
orators vho a~e expecting a decrease m values m
mary sections especially iu he newer Hs;rics II
cry. Vts-> .f,ilders, spectators and investors
were par-i--l1rl- busy about she n" ~ the open
frg u re Grb~c- and f0r some months atfefNard
The r,af-rit- ~ operators. hCvHver. a-fcpn'"
higher prices ard they eagerly waiting for
reaty conditions 70 become more favorable - fhac
-hey cgn prominently active again IN The mark"
A stri1g.1cy II money for realty ventures Is en-
rry responsible for the present slugs.sAness Of The
market. In the week there were. however. signs
of plenty % money iE the near future for those
identified with IN. real estate market Inouesuon-
ably the money lenders have treated literally apph-
can;s for loaus Tor realty projects in The last rev
years u NAV he that this generous way IN deal
sag with applicants Cor loans has resulted IN "a
little feSerash realty speculation and t-af the
money lenders have decided 10 check such ''tl
dency by Tightening their strings on their money
hagr The r,ney lenders hold the key % The realty
situation. II they have much money 70 lend 10 the
real estate market the present season Wi! &c con
sinuation OF the activity of last season. II 'NeS
have little money for realty needs the present sea
son Will ne dun. and may be disastrous TOT many
builders and operators whose financial colal'oh Il
shaky.
gard 10 the mortgage market in is last issue
IN leIt follows.
Paramount 20 al other markets ms summer IS
Ire lnorESss !fonSS 1 I ~ lie 1o3sT market more
sharply IN years and TINS Is u NJ 81 u's p.-
lInderzianding ~ the relation eKlstias between
.stsie MAJ scr and also the brick rnarket The
Gnask"t ior iumter iron and othor bn!dng ma
lost 49, stop ard fallen he nc II the march -
events. and M" main army - marking nIae "'l4e
Tpon raj estate rransactions and building %,
erations Tie noae, strnEercy has had q malked
- srs rs5-ilf, .'ey.r ief's, in ~ central
more HLao. 80 80 1870, posI .s,.t- \. !, 80
condition 90 being restrained ard ned np; I'D ap-
ION On Washingtou Heights buffers have made
mistake IN NE cnoioe OF plans, ihe sc-ton mas
plain he seen undesirable class II apart
rally Ersvitats 70 the Heights. d Is 10 be hoped
I.at Us sPgIqq G h,e ossesys INC b,rme5
by the last Two years work.
afTna,i1s e svaSnce could 100 s,rongiy state ne
case ProIer,y on he s ERR may he sad b 70 he
LANDS sufhciertly strong and well content hold
aoiss d %G n years This appss 70 10th t0 business
ald resldence ppopfrty ia re otntTei sections r.
many detached houses built this season in $50
81 The choice residential suburbs but more st,en.
construction IN tie future, not only In BROOKLYN
easier. Brokers report the demand for one-tanlilZ
apartments in good locations in Manhattan a. ap
psrently ineNhnustibe. and consider II effect OF
SssliSg is abroad This September Than was pre-
Sga:nst real estate 4. oomprshsndsd under tis In
inoiley. B1Ieins forces are beiEg augInented. the
Portland cement has risen IS % cents barrel
on Tn.ssag Sa "Wednesday si OS ot IN. Week III,
Long Island RsSity Convsntion will be held IN
soSx Island q. n inysst.nt red tt sSe a 20 bs
rhe real estate market. or TUESDAY. T. . McNeece
william c. Redae,d. on The Future OF Long Isl
N Sos2 w Es on On 5s r sac sMsnqfsst
r. n ssevsrt MeKHisht on . The Ions leland
ksilroad Company: II; Allen TsnIey. on ''rhe De
xsd 10 R.sity VSia.s": wiism n Cirtfith' on
The Present and Future. Future OF Queens County: Z.
uve-lse'': walter = Greaesn. on Land Reclams-
TO-, ,o -at, N rsonrsoH on fhe fSrSect, - t5sr5,
Politics Real Eststs,; John W; PsTis; on The
esstions,'' and Calvin Tomkins. city Develop
rlent and Local Consequences" Controller Metz
viii deliver an ADDRESS OF welcome Otto Kempner.
president OF the Kings and Queens County Real
Estate Exchange will preside. on "Wednesday the
members az the convention VIII be the guests OF
rhe Long island Railroad. They win be taken 81
luncheon viii be served at the Consumers PARK
CONGRESSMAN Calder and Thomas p. Peters Editor
of The brooklyn Times."
one OF the principal Manhattan transactions re
ported lest week was the sale by Nichols Lunmis
for Henry ogpenhemer OF The four story brick
tisilcns No 60 eth ave- on lot t4sNo60 feet. sd
soinine ths corner Of s7th % The buyer will make
extensive alterations 20 the premises for his Own
occupancy upon the termination OF the present
TIE Equitable Lise Assurance Society loaned last
the no. IL BrOeo way Conrany HIloGoo on
The Old Borsei property. ?. 10 ils Broadway: on
which once structure 10 being built u viii BE-
9 twin OF TIE New Trinity Building. az No IL
Broadway. The mortgage 10 az per cent. and IS
oUs IN Jsnuay. ia Il. there e a prior mort
cage % 5000 on the Borsel site, held by the
Equitable Life Assurance Societ5, the total sum
a tts loans On the premises made by the Equitable
Two weeks ego The Metropolitan Ifs Insurance.
Cor psny lcsnes TIE New Plaza Hotel cite. be.
s,s -. J,oek front the west SIDE Of 5th ave.
frSm Str 20 5s-h 81. SecolGo.
,saso Friedman. j. J. RoFenhlatt and ". Cold
ferg sold for eamuei Gary 20 the North western
Fssify Corlpsn. a Iiot Of nfteen lots ~ IRE north