New-York tribune., 1894-04-08

SALES AT PRIVATE TRANSACTION INCREASING
AND OFFERINGS AT AUCTION HOLDING
THEIR owN-RENTs THE PERPLEX-
ING FEATURE OF THE MARKET
Real estate in all its branches was active last
week The auction market did not show signs OF
remarkable strength. but the conditions governing
1t were favorable TO a steady Improvement Trans
actions at private sale were made at substantial
Increase and he property traded in was valuable
and showed the strength which real estate values
are gaining Much OF the property sold was for
improvement. That was an encouraging feature
Of the market: for soon as property Is SOLD Tor
improvement it shows that the wealth Of the city
Is growing and that there is increased interest
In realty Another encouraging feature Of the real
estate market is the supply OF loanable furlds on
bond and mortgage at cheap rates.
While the market at present is not In such
favorable condition II was this time year ago
It Is in state that precudes all talk about It's
being depressed
In the auction market large number Of sales
are being withdrawn and adjourned. and voluntary
offerings are few. Many of the properties with
drawn will be kept out Of the auction market unti
the fall. when better prices will prevail. The sale
d property at private transaction is one OF the
leading features Of the real estate market Brokers
reported in the last week increased demand Tor
residence and business property The transactions
Of the week showed that there was moderately
large movement in the buying and selling or real
estate at private sale, and in almost every instance
there was large increase in the value OF the prop
erty sold. Investors seem TO show more courage
nowadays and the stin prices for good property 40
not frighten them of.
The auction sales Of the week amounted TO Sso'-
w. against $n7.55) In the corresponding week year
ago The private sales amounted In the week 70
Slsao5S against s. $4,000 for the corresponding
week OF last month and &,lH6s2 for the previous
week.
HOUSES NOT RENTING WELL.
Unless there is big increase in the business done
ey brokers' in the renting market between now and
may there will be a number OF unet houses In this
CITY AT the present time brokers find that their
BOOKS are filled with unrented properties, and they
are beginning to wonder where people intend TO i've
~ ~ not because there Is demand for houses
mat they are not rented There is a first
% rae demand and the supply is equal 10
ue demand. but conditions governing the
.ehs are unfavorable to the majority Of people who
want houses and apartments In certain quarters.
anu IN certain class Of properties. there has been
Slight concession made by owners in rents. but
sAe disposition OF the majority Of owners is to make
tSauctions except in rare instances. Old tenants
se been able TO secure concessions In some cases.
aAa brokers' report that there is chance that
"hers will make reductions Of 10 per cent IL they
Ha al the last moment that they cannot rent their
s'pe'y AT present rates There is a big demand
a s small houses below One-hundred- and-twenty
The bst, 81, and II owners would make the rents suit
houses 'S "ou'l nave 'e"a"'S loi al '"e'i
People who refuse to renew rentals at present
snw Will In many cases store their goods for the
fon fer IN the hope that the fan will bring reduc
tov.ns' iihere are others who moving out OF
IN snhto brokers' report that the demand for houses
many nnon pan towns is large this spring. ana that
aIso - ana renting places IN the country. There is
big demand for large country estates.
PRIVATE SALES AND BUILDING OPERATIONS.
,ne principal sales at private transaction in the
81 week were the following:
Inc Clearing House Association has bought plot
~ sfouhd with building in Cedar-st for 100000.
f.n property in connection with bought last
Building io' Tue He" |'e'ii"s iio''e
iroU IA, Peitit has sold the seven-sory brick and
q the bgs re building at Nos. 50 and 50 Pnest known
e. sss Iraders' Exchange, for about $4,000
~1Se x. Read has completed negotiations for