New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-29
THE REAL FST1 TIE MA RkET.
40 GREAT ACTIVITY LOOKED FOR TILL 1881
OUTLOOK IN THE TWENTY THIRD AND TWENTY
l--LS

OUTLOOK N THE TWENTYTHIRD AND T" fNIN
Vot-rTu wARDS-THE ADVANCING OF WIS.
The Christmas holidays have almost broken up the
reoI estate market AID the existing duIne9s ) h"'
expected 10 give place to lifc and activity III aler
New Years Brokers are confident UEi 'ie H'-'
week, Of l-9l viii a marked change. lIoS POM 10
re Nruncss Of real estate values IN the face of ID"
recent dl>couraging conditions, TO easier money ana
TO returning confidence in general business Inc SALE
nv .uctpu for the four working DAYS ending F'lciS
approac he'd 100000. With but one or two unlin-
,ortant exceptions they represented property north
Of Fits nuth.,t vt private sale brokeiN are n"'he
somewhat better and they say that number 81 in
uortau transactions will BE made in the near miure
Auc.Ioneer, are now pretty busy making ready i'r
their announcements OF sales 10 be made ID the latter
half Of January. some OF these promise to attract
CO., dcr2blc attention.
The outlook i'm the Twenty third and Twenty tonr'h
Wards is promising. These wards have in great
measure become practically self supporting. owing TO
the large increase In population ana manufa lures Tie
same certainty that atthc~ itself To- Oihcr New Ork
C.N property Ia, been experienced Iu the Twenty
IL nd and Twenty fourth Wards The groHth ha- bcen
steidy and healthy. Tie Assessed valuation,
In 1891 promise u aggregate Si0.OooOo
The ,Icaic~t needs are rapid transit and local sur
face roads. There good .oah To- Ouc hun
drcdand venuet-t.. AID ID l-Jl IL viii be- compile
ted 20 Fordham. The depressed track Of the Harlem
road viii also be completed TIE coming year IN ~
gard - -urfIcc roads, ordinance has been passed
by the Board of Aldermen. permitting road On tir
West side. up ~cdGwlck-dvc. Road also pro
jeccd 0n the Fast side and mp tn central thorough
fares. Tie law pissed 10y TIE last Legislature. pro
vidiu; for a new Commissioner % street Improve
ment lwh assumes onic. January l.. has resulted
IN great deal Of healthy agitation, and the Park De
partnent has been compelled 10 do work in this
direction than ever before.
The salt, during TIE last year have been very
heavy Ir lH7. they DULY -. 10000 In 1859
the aggregate vas ll,joOOOO and this year they VIII
exceed s13,0OO.O00
The decision Of the Board Of Directors In advancing
the aucoAcef.' foo At the Real Itatc EAcAaugc ha.
resulted iu the formation .. protective a1soc alton
by the auction mon. The feeling between the brokers
and aucuouecrs la become very bitter. The latter
contend thai the brokers' have not h"~itacd t. o. all
their power 10 njure the bu.ilc-- OF aucioncero I"
their own advantage They assert thai this not
the of NJ. Ludlow the founder Of the IA hang"
a. 10 the way the institution should bo conducted. and
further, Uiat ~ annual r'pOu made -eycal year
agJ the brokers, In speaking Of Il cndrge ~ i""-
promised that there ,houi adyanc. 'esIs
Al that time the brohcs congratulated themscivr-
affecting change satisfactory {, all Interested. When
the late advance Wa made the aUctiOuccrs not
consulted. \, they the main support OF the Ia
change. thi, Is regarded BY them unfair.
The broker. say that the aGciioncers should MOI
object to paying fee VI tenth Of per cent all
offerings, al private sale the commission paid -
per cent and even Tie assertion Is made that
great many Exchange auction sao- are fictitious aud
do not represent actual business. to the detimcnt Ol
the market Ownci-, it i. declared. have been In tho
habit Of testing the market by putting up at public sale
property on which they placed limit. Failing 10
reach the upset ngrc>, IL bid Ia by the Ovicr or
his representative at price misleading 10 owners Of
buycra Of property 10 his Immediate neighbOrhOod.
These tFTin-actiDnS il H aid figure legitimate bui
ut-- and Cre1c dl-tiu-t. The fcrs. me brokers
clt-- q Ye.S . .I.t.r
and practically Nil II.
on Friday afternoon the auctionecrs appeared before
the Board Of Directors ana demanded that the 11
be rcscindcd. Hy vote Of 10 the Board ren,-cd to
aCcedc to tie demand.
TIE CJnYcyancce and mortgages for the week ending
December -. "a, compiled by rho Record aud GnIdc"
a. follows