New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-13
REAL ESTATE.
POOR BUSINESS SHOWN BY THE WEEK.
AUCTION SALES.
PLAIN INDICATIONS OF A DECIDED REA' '0-'
COMMUNICATIVE IN UPTOWN fRor-
ERrY-rHE BATHGArE ESTATE

AUCTION.
Tho ce,tre ~ interest in the real estate nelu y.
tho last week has been the broao""s a,.arv
room in which at some time IN 'na' p..,,o re
class Of property has been tes'e" VIZ. - yoa
su,,s Taxing the sales consecutveN' "'eIo go,
su,'' 80 dav on Tuesday. crushing
ACKNOWLEDGMENT on Wednesday. hasco Oh i"
da,. ard staonation on Friday. Those broHe's VIZ
r,otcbed tho sales all interpreted their rhea'"
the same way. although all VIII NOV 1T ur,own
the lesson Briefly, this IL 'ha'' .,.,,o ,be,r
dwellings, and building lots are maihta'",,e ',,n
u"c""s' a'u T., somo cases advancing In value
a., ,n.,,ou,r nroperty Just ut present there - ="
doc,dod reaction from high rates. ana 'eu''"
toward lower prices which owners WIN ~" y" o,r,
cont unless at forced sale. The chahge II n
cd for I'm various ways ana II may w Wv, dor,
norarv but that the bears are In the ascehoa".
49, ,o,,, section at present one really
doubts ,, n,as
The first important auction OF ehe "' 49,,
that Of the Bathgate Estate building iots anu '
nroved the only satisfactory Offering Oh 'he ".o"
Tho announced Offering was OF 10 lots' a"u "
,hose 159 were sold for total OF S3so0' the re
t,dor hoIrr withdrawn until after January l.
The general average OF prices obtained was eHa
tremely good and the sale must be casseu ss 6av
that the great disappointment occurred %n o M No
buildings at No. s. to 50 Liber,yy-ds own for $4,000
and $50 900 respectively at sale attended oS pnr ron
four bidders Some Idea of the value OF tne ppesps
critics oG Gan o Ig Of over $4,000 made for the
TIberty-st parcel and refused and inc pumoTmnced
of,er ne sale that he was prepared TO pa Hf" IN
e. ,bn Offering The Cortlandt-st parcei IS I'M
royad by AN od-style =iX-stOry bulidnR, put oiu
as II is this is earning almost per Gen ba Vn
- ta,o coo rather than have lost the parcel -,
' Tbc attempt to sell No. Z29 Fifth-ave part OF
the old Brn'WGk n,te q'e a RuGee'b but the closing
,i,s Icc;;or,a ma well as tho Brunswick ana OF
large store I'm the nelghborhood mas TAKEN a., .,s
i,fe out Of property In that district Tor me pres pres
80, a, ioost offered at more favoraDle time the
nroner,, may reazs "A better price, and redILns
,hIsP The owTer wisely withdrew IL The best oner
received at the sale was 'i,V,V r o I'm" -
pcrhans This week may show better thlnBs tu. u.
these auction sales have had depressing ~
on the market. and cannot from ~na WIN, 49,
~ viev thcy IRE regarded. be considered ehcourds
Tc Against this poor showing downtown, now
ever must be get the fact that the rcportu con,
-, xsl0 No and that they include a Broa lwdy
corner traded at q fair rate, thrc" houses IN hfeI
eide Drive n big apartment house In Eighty -'n.Iu
a. and "A whole Boulevard block. II needs Oily
a 'snurt in tho downtown section 10 make me
narkcf an excellent one. and AT any day plH Sa'e
NAV set the tide running I'm the right 1irection
Tho annual meeting Of stockholders OF me he1
t-g,,,e Fvchangc and Auction Room Limited VIII
-. bcd al the Exchange to-day. The regular ucke'
Tor directors to which there Is no opposition con-
Rirbard V Harrett Edwin \. CrlIikshank MI ed
+; NarlIug J. Edgar Leaycran Richard Decy Y, :,
John + Doyle Charles Peabody r. y TrLnr'
scn solomon De Wnlltearss and Moses ottingnt'
aud for inspectors Of election; WlIlam VI, 'u,S IN,
shank Frank Il iioughton ana a. L. MorHec4 a,,I,
tnhL e',d W,rng have filled the office Of Presi.
dent The sentiment Of the incoming boaru u sdy
70 be- settled upon Richard V Ilarnett for me heN'
~ ~, ~ Inc Exchange. The financial state
men, FOR the year 20 be presented AT the meeting
is a highly satisfactory document