New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-17
REAL ESTATE.
GOOD PRICES AT THE AUCTION SALE
OF THE DAVID JONES ESTATE.
THE MARKET HOLDING ITS OWN. WITH VALUES
WELL MAINTAINED AND FEW sALEs-THIs
xuEEIc,s oEEERINGs At Auction

THE MARKET HOLDING IT'S OWN WITH VALUES
WELL MAINTAINED AND FEW sALEs-THis
WEEKS OFFERINGS AT AUCTION
|. decidedly better feeling was noted In the real
estate market last week While many private sales
of improved realty were recorded and an unusually
large number Of building sites changed hands and
will be improved by the erection of fathouses.
dwellings and business properties 20 soon as plans
can be drawn the most encouraging feature Of the
weeks transactions the auction sale on
Wednesday. a, which Peter F. Meyer sold at prices
entirely satisfactory to the heirs OF David Jones
many small parcels. principally on the East Side
A total Of more than half million was realized by
this sale.
There has been a disposition OF late for property
owners to look askance upon auction sales and the
feeling has become far too prevalent that any prop
ertyh holder who has the temerity to offer any par
GELS of realty. improved or vacant. under the man,
mer. must expect to have its actual value discount
ed about 20 per cent Wednesdays sale had been
advertised for weeks. and announcement had been
made that competition would be absolutely free and
open, and that effort would be made by the
executors 20 protect the offerings in any way Con-
sequently the auction-room held one Of the largest
crowds of prospective buyers ever assembled in the
Broadway salesroom. and at its close brokers' oper-
ators. auctoneers and In fact every well-informed
real estate man, ready to declare that the uni
formly good prices secured for every OF the
several classes Of offerings fully demonstrated the
fact that If all auction sales were conducted under
similar conditions there would be far less cause for
the general complaint and disfavor with which
auctions have unfortunately come to be regarded
notable feature of the David Jones estate sale
the willingness and even eagerness Of the small
investor enter into the competition and pay fair
values for properties Offering reasonable return
Doubtless better prices secured at this auction
than could have been obtained for the separate par
cells at private sale.
Notwithstanding these encouraging features OF
the market. the usual number OF croakers were
making themselves heard In many Of the brokers'
Offices 1t may not be out Of place to call the atten
ton Of this class Of men, who persist In finding fault
with the market. no matter what the conditions
may be- to the fact that the records show that the
market is more than holding its own. and that one
Of the foremost reasons why more actual sales are
not made from day to day is that property in favor
able locations is for sale to-day at prices owners
would have been glad TO accept a few years ago
That determined 10 hold their properties
at their own figures. unless subjected to extreme
pressure, is amply shown by the fact that prac-
tically all the sales made this spring have been az
figures considerably In advance of the prices recent
ly paid by the sellers. Another evidence OF this
tendency hold property is shown by the vast I'M
provements now being made by owners who have
secured building loans with little difficulty. Last
year the building operations were so large that a
considerable falling off in this direction was looked
for this season. That this view erroneous is
total amount invested In projected new buildings
from January May Is last, is $50 492 4o5. while
for the same period in las. year the total amount
was s33. 7s1,115.
THIS WEEKS AUCTION SALES.
Among the auction sales scheduled to take place
this week at No III Broadway unless otherwise
specified. the following:
aac Nay o,s f besr
S sRRs
frame building; One-hundred- seventy fourth
i6ix47xloa$, vacant No Ills sscond-ave, southeast
corner Of One;hundred- -ninth-st. l.x6s three
BY Peter r Meyer Co. fpys ss ;a for Ed
ST. south side $5Ss feet west Of Central Park West
lS6xlOo 81, three story brick dwelling; due on judy
BY BY D. Phoenix ingraham ( Co. foreclosure sale,
Thomas Colston Kinney, referee, No 52s West One.
eas
front Cycling due on pdfmen' a2s Dunc sc.
on y s fhs RuSs
View Snd Tada aSes and Fedson Road near
Two hundred and-f fty-sxth-st., Twenty-fourth
BY D. Phoenix lngraham executors sale. Nos;
AS and 400 Tenth,aye east side, 4s5 feet south OF
chS:aS SaS D' toxs wo-ssor r frame
Co., ssc sas
va Northeast corner of onr
story tenement. with stores; due on Judgment,
BY D. Phoenix Ingraham & &c Co. foreclosure sale,
xio vestcry BRICK rick da due due aae
M 49, 3 iqofSt st. ' BY RaSafs H lar
Co, executors sale. No. 600 to COS seventh-ave,
hold Two twostory brick stable together with Nos 2o
29 and 2l West Forty-second-st at rear OF above.
WednesGSy May Ho william Ra fore
closure sale, A: Walker Otis. referee. Avenue A;
jerome oo sic formerly wiamsbrdse 5Sxia5; due on
81 William \; Ryan. foreclosure sale. A. Walker
= Br%sn Ken9sly ssssu,o5s sale Nos 1904
south side 70 feet west Of Brstow-st.. each 25xlOO.
BY Bryan L. Kennedy public auction sale No
10 West one hundred andthirtieth.s south side,
g es5 h
BY Peter Meyer e CO. sst sae
thirty -fourth-st, north side s. feet east of Lenox-
ave, l76xss.ll;, four-story brick dwelling; due on
By James 7. Boyd mechanics lien foreclosure
sale Charles Goeler refsree 70 1SS TO lZs Edge
forty-hrst-st, 99lixS0, four ive-story brick fats,
by William Kennedy. foreclosure sale. Francis
p Lowrey referee Nos 49, 10 ard ~ West Horiy-
three iye-story stone-front dwellings: due on judy
m S,bi;r SsSS' Nav m-Bv Adrian H. Muller Son.
par aaFSHa Sale John Due rseree 10 ~ East
south side s rect weS Of
front dwelling.
BY Philip A. Smyth foreclosure sale, Jesse s. Mel
SON referee No. 1888 Lexington-ave., east side.
1884. feet north of One-hundred- and-twenty first
ST. runs north 22l1. east 90 south 1911 west 81
stores; due on judgment. l2.ssl.
by William NJ. Ryan. foreclosure sale; George L.
bred nd north SIDE 100 feet west of
Eghthayc each 25x1O011. two ive-story brick flats;
due judgment. S297.
BY William NJ. Ryan, foreclosure sale, George c.
Austin, referee, No. 3s7 Mount Hope Place, north
side 100 feet west OF Fleetwood or Madison ave,
l9xl25. three-story frame dwelling; due on judg-
ment 81, $50.
BY D. Phoenix Ingraham & Co. foreclosure sale.
Francis ?. Iowrey referee. No 10 West Tenth;st.
story brick dwelling; due on judgment. N2.S3
BY D. Phoenix Ingraham & Co, foreclosure sale.
Pennington Whitehead. referee One-hundred- and.
sixty sixth-st north side. 2 feet west OF Amster
dani-ave. 25x95. four-story brick fat due judg-
ment g GA subject other mortgages for sl3 700.
Hail a. 70 sal Pen