New-York tribune., 1908-01-26

feet, from L-achman & Goldsmith, and the Dur.
chase by the Yer Planck Estate a corporation of
which Minturn Post Collins is president Of No q
west 18th St. a three story house a lot 20xSS.9
feet As the corporation owns No. 2S, adjoining
il controls plot 40xSs feet in the street The
negotiations to purchase No. - were begun about
two years ago
There was also a lager purchasing movement
last week in The Bronx and in many suburban
olslTlcts, particularly Westchester. Most OF the
Bronx parcels recently sold were purchased by
builders, and w3l be improved with one and TWO
family frame houses. Lots suitable sites for
cheap houses viii undoubtedly find quick market
IN the future. scores OF builders are plan
ming TO erect such structures in the spring. Last
week plans for twenty-5hree Bronx houses, 70 cost
s56i,%9 were filed, against thirtythree houses to
COST s1sO.5ov. for which plans fled the CORE
spending week last year. Il is a difficult thing TO
md the record Of any realty work this year sur
passing that for the work made in a similar
period last year. But the Bronx building tables
for last week show Bronx builders and snecuI-
lators perfected plans in the week investing
little more than twice the they contracted TO
spend for buildings projected in The CORE
spending week Of last year.
Real estate conditions in the tunnel sections Of
New Jersey are rapidly improving Brokers re-
port they ere able 10 get larger loans that there
are more inquiries about property and more in
vestnent deals have been made recently. O1to
kernpner, president of the New Jersey-New York
Real Estate Exchange says his annual report
10 the exchange that the union between New York
and New Jersey by the tunnel will lf-
ford 4 chance 10 bring 10 public notice the great
residential anu industrial opportunities that New
Jersey offers as other event in the history OF
that state could ever have done. we are conf
dent, Mr. kempner also says that the compile
non Of the tunnel Will be the turning point in
New Jerseys prosperity and mark an era of rn-
Paralleied good times particularly as to real
tate For thar reason and as a means to bring
about this era of prosperity. celebration worthy
Of the event should be conducted by this e.-
change. Ii has been impossible to learn the exact
date Of the opening and preparations for the cee-
braiion have been held in allegiance that ae-
count. but it is our intention observe the COM
pletion Of the tunnel by special celebration even
though the Same occur on some date sub
seauent to the opening day
The Real Estate Record and Guide saws in
its last issue, in article about savings bank
and MORTGAGE money. in part follows:
There has been much speculation lately as 10
viii be during the next few months Cerfsi5Iv
colldltlons are better than they were during No
could not be obtained during those months at any
nra,ios Siy those engagements which had been
- a great deal depends upon the attitude taken by
ioaring bond and mortgage CONDITIONS baTa VI
arisen ana they mast be met each in its own way
ror example. the life Insurance companies bave
been in the habit OF loaming vast sums on raaItr
~ ne present TING and for some past tbey
rave been virtually out OF the market One ress.,I,
ls. Is they are lending cash TO their policyholders
,h nshg p1sces clause Is inserted 10 the effect
given period Thousands of peonle who 1900, !
looking over the sfaes 9f ef 65 eeargs5 eagse
Eaees from the first OF The year il will he fag'ns !
Insurance companies To- Msnhatfsn 49,. is
,s,7fY-ihne involving s2.@2e.500. while in The
lsa'i-, ste corresponding period last ve,r 90 .yer
feoosoea 'of Manhattan. representing ss22s.soo.