New-York tribune., 1908-08-30
MANY HOUSES SOLD
BEST TYPE IN DEMAND.
l)owntosrn Building Projects Also a
Feature of the Market.

A feature Of the trading in the local real estate
market continues be good demand for modern
dwelling houses Several fine dwelling houses each
representing investment Of several hundred
thousand dollars. changed hands IN the week. one
of the deals affecting parcel In the Highlands
of Fifth avenue" Taken as a whole the volume
of trading small. but the market, however was
not without many bright spots. There Is not the
slightest doubt that the business transacted at the
present time would be considerably larger IL many
Spectators and operators of many years expert
enoe. who enjoying themselves far removed
from the turmoil Of tho Vesey ST. zone and
other districts, In town. IL is true that the
attendance at the foreclosure sales and at other
sales of properties offered in the Vesey ST.
rooms is about as large in recent years at this
season, but there many strange faces TO be
seen in the throngs which gather there daily, and
a notable absence of large numbers of familiar
faces Even large numbers OF real estate brokers
are still enjoying themselves in rural districts many
miles from this city, and their offices are being
managed by clerks Moreover. scores OF investors
who seldom remain away from the local avenues
of trading in real estate have not been seen In
their usual haunts since the last financial disturb
ance and all inquiries regarding their whereabouts
elicit replies that they are taking long vacation.
II IS expected that cool weather Will rnaks
many we'll known realty leaders and brokers who
are out Of town short their stay in rural
regions and return again to the scenes OF activity
In which they have played such an important part.
Maybe large number OF the ebSentees from tne
market would be here now If the big decrease in
values which was expected by many experts as a
result of the financial disturbances last fall had
taken place. Prices, however instead Of becoming
lower In the majority Of zones have slightly ad-
vanced with one or two exceptions. and few un-
usually attractive pares have found their way to
the auction room. Now nearly every person who IS
looked upon az having considerable influence In
shapins realty affairs, and who has been IN town
for some weeks and is therefore able 10 gauge
accurately real estate conditions, says that new
era of widespread prosperity which will result In
greater values is hand. and that next spring
there is likely to be large purchasing ana ouiio-
ing movement IN the newer districts OF the CITY
and in the Pennsylvania tunnel terminal zone
This year will not be best remembered Tor any
great amount of private trading unless there should
he a marked increase of activity IN the brokerage
line before next year 1t will not soon, however,
be forgotten on account of the stupendous projects
for in,proying business sites which have been per-
fected and which about to. be carried OUT IL
is likely that the total invested in ne" buSi-
ness building projects this year VIII far exceed the
best previous record made in that respect III -
q ureu known fact that the prospect of a new
building code being adopted soon is IN a large
measure responsible for the filing of many ofnce
projects which are not likely TO be carried out 1oF
many months il at all Those plans have simply
been drawn with an idea OF having the projects
approved under the present building code, ana
should real estate conditions be more favorable 70
the nersons interested in those schemes. the plans
coud easily he put into effect without further ap-
rroval of the Buildings Department Just before
the Tenement House Commission came into power
hundreds of property owners rushed TO aIcnltects
offices for plans for fathouses which could be