New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-02
FEW SALES AT AUCTION.
PRIVATE TRANSACTIONS OF REALTY IN
CREASING.

REAL ESTATE AND REFoRM-RECoRD OF CONVEY
ANCEs AND MORTGAGES.
The interruption OF the business week by holi-
DAY was 10 a great extent responsible for the few
sales brought to close in the real estate auction
rooms The business extremely small
scale and the attendance equally limited. The
business Of the week does not however. reflect (he
true condition Of the real estate market IL was
merely an off week. and real estate men have no
reason for disbursement The better feeihg
which began Immediately after the election con-
tinues and there Is n marked Improvement II. all
departments Of the real estate market. Purchases
OF property for speculation and investment In
FYfth-ave are at present the leading features OF the
real estate business. and before the winter Is out
there will in all probability be a big movement IN
real estate in that thoroughfare. Real estate men
clocely identified with large operators in realty have
assorted IN the last week that In the coming year
nroviaing financial conditions become more settled
there will be an enormous amount OF buying ana
selling OF Fifth-ave. property Recent large pur-
chases in this street would seem TO confirm this
assertion
While the amount Of business done In the auction
rooms was small there was good business at pri-
yate transaction and the number Of sales made
was in excess Of any previous week for several
months. Many downtown parcels which nave peen
in the market for a long time found buyers ana
in the uptown district there was an active demand
lions were trades but there was enough cash ousi-
ness done to give great encouragement TO dealers
IN realty.
The record Of building operations shows improve
ment 1t is only necessary to walk about the town
10 become convinced of the activity In the Duiu"s
department Of the real estate business
REAL. ESTATE REFORM.
The subject Of reform in the real estate business
"a row being actively discussed in real estate CIR
OF directors
Peal Estate Exchange to enlarge the usefulness
OF that institution are meeting with general APP
proyal The necessity for improved methods III '"e
buying and selling OF real estate has long peeh APP
parent and II the Exchange can bring ABOUT heoeS
sary reforms such as doing away with the eN-
pense and delay IN the transferring OF rea"S' q"
will rrove a blessing to the real estate business.
The idea Of forming Board Of Registered BROKERS
appears to BE a good one, and some remarks o'
that subject by a weknown real estate man. "i''c"
appeared In The Record and Guide issued yes
terday are worth reprintng. They were as io'-
lows:
Our objects are to keep out objectionabe, men
and remove Objectionable practices Ia the DusInes
70 create central point ,oi ,nformation afforded
members and the facilities for the KAN, ,aOw
s eSD saHsif son 81 dbSssr or respecab the
business who should be discrminated aeainst. ,
ants about whom the brokers in the boar1 counu
inform each other only recently, SOM rom
their Isna,orG oiven sirpiy because he wanted 10
get nd OF them The Information ootarileu IT., ~ TWO
years the board would possess Iist INA, mou'' and
r%c, rscuS '6 et1,nsy he the means OF wedding
out all the disreputabc characters from ue -
By cooperation we could put down a great many
eyt prsctces that have grown up about the real
estate business Take for instance the nahins u.
false sta tements about property which Is very COM
mon could give you many Instances one rea i
To piece of uptown properly N .9'uin ,Ino siS .
which was represented as fully lei anu pay us v as
20 ! made an examination. and found II was
talted" Tenants were In who were sH U eIo Three
houses IN Tbirv.ninth-s; were represented TO me
paying or per cent on the Htn ont taxes
1anltors ices cca and light friend came az 70 me
once and told he had bought pieGe rnrn lie
found after the leases had expired that II w pi,
The men who make such statements ought TO be
Starred" They do deceive experienced real
estate men. but they do OUTSIDERS
TO RAISE LOANS.
Similar rnIssatements are made to raise loans
The broker is not always ignorant of these false
statements nor s his share in these transactions
always limited TO his commission. Repu,able prok ,
ers ought TO protect each other money nnp
brokers themselves there is not the right feeling
generally had plot OF uptown iots s, hn w were
in the market by putting up my board when sev
era Columbus brokers sought ou, e sre toIS me-
that one Of them said he could sell theh Wei. "ob
9' Ho and asked hm yhy ne didn't Ggy D he said
80
Now. that Is not the right feeling AmohS IN, tnr
stock members OF the Exchange there Is peter
understanding one OF them has given me par J, III, III
Jars OF property that has been In the contro 81 III
nrm for very many years. think this would pe ,e
spirit In the Board OF Registered Brokers. Meln-
pers who desire assistance In the purchase OF sai.
or any particular piece OF property woulu 20 a,.ne
ior IL and be willing 20 divide commissions. Wv.
ers OF property would, in my opinion, soon come "
zee the advantage OF choosing their agents from II
po1rd as guarantee Of reputabillty. \ rePutapie
nsoker does much for the property In ms char?e
IN the and selection OF tenants; prompt IN
Qulry into anything that happens re!atch 10 tne
property by which owners are spared many ACTIONS
.or damages. in the keeping down OF expenses ana
promptly accounting for the money they rece ,,v
INC board will have tendency 10 create ieelhs
o. honor among brokers. by which not only they'
out the property-owners also Will be beneiiten
LARGEST SALES OF THE WEEK.
Adele dc Talleyrand Perigord. Buchesse di Dino
mas sold through President John A. Stewart, OF the
united States Trust Company TO Jefferson M
Levy Nos 70 and n William-st., the southeast cor
aer OF Lberty-st for s3so.o00. There are two hve-
ssory buildings the plot. which Is 45.4 by about
ieet. and contains $500 square feet The Ducn-
- Of Dino II the daughter Of an old-time New
80 merchant. Joseph Sampson. who purchased
ssrner In lsls for $4,000. The property adjoining