New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-07
AUTUMN RENTS OPEN WELL.
THE MARKET PROMISING. BUT NOT HIGH.
WHAT DEALERS THINK OF THE oUTLooK-FrAT-
UREs OF THE SITUATION.

WHAT DEALERS THINK OF THE oUTLooK-FEAT-
UREs OF THE SITUATION.
With the coming of SeDtember's cool nights
the autumn renting begins and landlord and ten
ant figure probable future relations the one from
"bu" and the other from bear" point OF view. The
net result OF their conflict Of arithmetic Is not ascer-
tanned until winters storms making things unpeas-
ant for travellers, by which time the law OF supply and
demand has worked Its cruel end 1t ia yet too early to
forecast the market this autumn, but
enough has been done in the way Of actual renting and
enough shown by inquiries TO Justify gesses rs to the
future. OF the rca estate trade by TRIBUNE
reporters indicates that autumn rents viii show little
change, one way or the other from last spring. basis
unless there should DO adecded change the situation
in the next few weeks. Landlords here and there
may make some slight concessions; tenants here and
there may pay more than they expected to pay because
they must have the place ~; but In the main the
promises develop startling unusual features
IFS the most difficult thing I'm the world correctly to
forecast the rent market said representative OF Z. H.
Ludlow d Co., sand many OF the published articles
possess no value. real estate man, In talking about
tito condition and probable course of the
market, has the utmost difficulty in giving
his views so not 10 mislead people.
Ifhu talks too encouragngy, the landlords Immediately
think that there is famine of realty and possibly raise
their figures on property for sale 10 let to basis that
prevents the broker from doing anything on the other
tenants crowd to the offices and expect get their
wants satisfied at runous reductions from
tho basis believed ia by the owners
Of property" With these remarks as text, the
views Of different dealers may DO summed up as follows
Ior hlghprccu dNengs the inquiry Is later than usual
The business done n tho IN this class OF roper
IS Il chiefly tho rontlng OF furnished houses. Unlnr
nshed houses usually have their lenses dnted I'm the
sprirg There are fewer furnished houses thar nsna
IA 20 whether or not they shhT STAY I'm New.York fi
The alarm felt the DreVnlcuca NJ
cholera IN Europe has an Important bearing the sit
nation many persons who would .ordnarily live nm
their honses for summer with the expectation Of
rowing through or settling in Europe now debating
the question whether or not 1t is tho part OF wisdom To-
parsons who contemplated coming back to the city IN tho
winter now think that they might ~ well avoid an risk
by staying IN their country places I'll next
Both hish-cass and m-dum-pnced property appears
driving people In from the country. Some brokers looked
Tor an Increased demand late last month, but II has
furpe ont that families supfnerrg in the monufau or
al the seashoro have remembered the gepnhers
that for few years past have followed cold August
mas bring them into the heart OF a terrible "hot SPELL
After allowing Tor al Influences, however dealers think
that nrst-clas, dwellings I'm fashionable localities
likely 10 command full rents this season. Although
many houses may DC cit the IN most
ufo able 20 carry" them IN nope Of an improved
Not few brokers think that there IS a decline IN the
tendency toward hi gh.nflccd apartment houses They
ntess they nav FOR set OF arartmentt viii Give thonl
m tho present depression ~ business separate dwell
Inc Of sqnal quality The difficulty OF securing good
plumbing M large aggreeations of families under ono
wanting many defenders ~ the fiat system. N. -.
Hfounrr of Morris b. Baer a. CO.. said notice no dc
cline the public favOr,ng oil Hats. fiat gives family
all convenience one hJor, aud Il can be run with less
waste ~ fuel and light than separate dwelling In fact
oae can calculate his expenses to- dollar Ia Hat witch
he cannot do II ho is running house. For medium
priced Oats there T. good demand. we have lad IN
guiros and have made sles earlier than lat aud
cot fun rentals Peapie sceu TO appreciate the ad-
seca@.c OF the heller assortment they then have to
choose There f. no special feature Ia tue renting
market tho season has opened well and We viii be
satisfied " % continues notice little difference be-
tween the autumn and spring seison- as regards the
rutingof furnished or uuluushed Mats or houses the
business n NewYork D. growing eO last that the rent
g otch season bccO ucs moro and more ndi-crimnate
f,ir busincf rieht along. except IN midsummer bnt
Jlsr now though. there = qnct buying for invest
nrut; We ARE wing Tor the return of people from the
country nud fsOm Europe ior the beginning OF an active
other brokers say INA, any possible di-tasc Of tho
nuc Tor apartment houses viii Doe checked by She fact
tat thr large supply enabes heat OF faulty secure
sr nr more comfortable aud handsome than
tutc which could Zee ohtaued IN the -anc hsurc 90
house :" year or two ago. s@it Wo..nioIniol rcal
rent. un 20 cyurnnt figure, nnh scr captalst after
cIi a..i putting 1872 paa'- tIat i,F' the rover OF
,ld ert dr.- iccorm isf.1u' ih sc 'rate esahash-
a.tut. aud snow nu equalization of relations hutreou
tl,.t DApcHeFc fIts aIi h-i-wicct dEt .hnss IS
a,.ug 0u. r,4tus Boo u'Tc cluInlo rtailn,tnDut OF
rewarded with srit ni numerous signs "to lct 30 the
window or ttr doors OF apartment hoH7rs, hut The
beari.h' ardurion gu % uii.Ni Ue h'l i"N lh'S vi"
. speedily uuiucI 80 inquiry u4 Co rents D. male uf
landlord osar7ut "a, 1 i"''. "- question ac'a,r
lat two year, has rot enabled capiislisis
"hish funra." A. yet ho"rvcr, rra c'tatH mch say,
Hlr.cin property is snh o. nolI w. DO strength As
rs s4c. DO o.. sustaucd by tho fact that ln hs part
ments cal boz bought ior from $1,000 90 $4,000 each,
where cgu IlIy we lrlnpn'l noises IN u s,, l5 soo5