New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-21
A FAVORABLE OUTLOOK.
HOPEFUL CONDITIONS OF TIE REAL ES
TATE MARKET.

STILL FURTHER IMPROVEMENT EXPECTED ~
THE NEXT FEW wEEKs-srErs AGAfS5r
TAMMANY BY THE REAL ESTATE
EXCHANGE
Conditions which are favorable 20 n good real
estate market were present last week The amount
Of business transacted was not large. bat indl-
cations pointed a material increase IL, the next
few weeks There Was an encouraging demand
for property. and Willingness on th" part Of
holders to relax little ia their prices. Ia the
auction sales in many cases. the purchaser was
not the plaintiff This shows that competition
has begun. General conditions are favorable 10 the
real estate market. Money Is easy. and on good
property It can be obtained at ~ per cent. The
real estate market at present may be said 10 be
In condition OF preparation. II l. getting ready
for the spring season which T. near Al hand. and
which promises to be active. Real estate men .x-
pect 10 see much improvement In all departments
of the business but they look for nothing like "A
boom In fact. boom Is not wanted. steady
and active market is what every is hoping
for.
NEED OF WIDER ADVERTISING or SALES.
At public auction last week the amount OF bust
ness done smaller than in the week before. and
materially smaller than In the same week In the
previous year There several good bargains
offered most OF them being legal sales The great
trouble with these good bargains Is that little
Information Is given about Them to intending buy
ers that often the chance OF getting them Is les
sencd for want Of proper Information concerning
them. All the particulars Of property sold legal
sale If advertised in the most public manner pOr-
siblc, would Increase the chance OF sale. The in
terests Of the defendants in these legal sales can
only be protected In this way. The agitation that
Is going on IN the Real Estate Exchange in
reference 10 Tammany Han ana legal sales show
that the spirit Of reform is active In real-catate
circles and If the Real Estate Exchange IS sue
ccssful I'm accomplishing it, purpose there VIII. no
doubt be "A vast Improvement IN the present method
Of advertising legal sales Some time this week 4
resolution viii be- introduced Ia the Legislature ask
Ing for the appointment Of u committee To inquire
into the methods by which the legal sales of real
estate have been transferred from the Real Estate
Exchange to the New-York Real Estate Saicsroom
Of which Peter +. Meyer, who Is Richard Cookers
partner is president II Is proposed t. show mat
the transfer Of the legal sales from the Real
Estate Exchange to the sdesroom at 80. Ill Broad
way was due To Tammany influence upon the
Judges Of the. Supreme Court VINO signed the or
der of transfer
The private sales Of last week showed sub
stantial Increase Reports from real estate men ~
all parts OF the city showed activity IN this Kind oi
sales The prospect for the renting season H. good.
Indications point TO the fact that rents Will not
come down. There Is NJ present inquiry for invest
ment property In large parcels. and some large
transactions are looked for In the future. The
amount Of business done AT private sale last wcc.
amounted to sl,tG,s2D.
BUILDING OPERATIONS LOOKING UP.
There was an improvement in building operations
in the last week. Investors and builders are he
ginning to take advantage Of the excellent OPP
portuntes now offered and IT is safe to say that in
the next six months there will be a wonderful
activity In this department of real estate. Labor
and building material stili be got at prices to
encourage building.
The following table shows the number of con-
veyances. MORTGAGES ana projected buildings ior