The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-27
REAL ESTATE NEWS

The contracted list OF offerings to DO disposed
| OF In the auction rooms this week furnishes
proof that the auotioneers are disposed 10
| take somewhat pessimistic view OF the pres
ent condition OF the realty market. Ihis 10
offset to some extent by the fact that Ihanks-
giving Day will seriously interrupt the ousi-
ness time OF the week and that following .
holiday Friday Is apt to be dull.
Nevertheless. the properties offered to the
public during the past two months have con-
sisted mostly OF parcels that might consistent
ly be offered during dull season, as the
measure OF success meted out to them would
be practically the same during dulness and
during activity. In word. these parcels have
been such as the auctioneers considered suited
for time OF Inactivity and the natural INFER
ence from this Ia that the auctioneers con-
sidered the season particularly dull one.
And that the inactivity 10 not yet at an end In
their opinion Is attested by the current list OF
public offerings.
AT the beginning OF the fall season there was
an attempt on the part OF many Of the more
prominent auctioneers to sell really desirable
parcels. Advantage was taken Of the Emo sale.
when the attention OF the public had been 1T
tracted TO the auction market. to place numer-
Gus important estate offerings before the pub
lie, but these met with ACKNOWLEDGMENT SUCCESS
that all the parties to the sales were dlscour-
aged and OF late offerings OF the Same kind
have been spasmodic. Several OF these were
admittedly made with the sole end In view OF
testing the state OF the market In order to
ascertain the reception which would probably
be accorded more I'm portant offerings.
II was easily discovered that little interest
would be III anifested In sales which necessitated
an active interest in them to be successful. and
the result has been that many auctloneers have
.I..I- sk-l- .IA
until tho time is more propitious. This the
clients have done and the present scarcity OF
good offerings Is the consequence.
Just how long IL will be before properties can
DO probably placed In the auction market 10
OF course problematical. IL depends In part
on the character OF the property and In part on
the Developments In the general realty mar
ket short time ago 1t was the belief OF some
OF the auctioneers that there could be no re-
vival Of interest In the auction room until the
beginning OF the new year or even later. Tho
trend OF things in the market generally has
been OF such nature that IL is probable this
belief needs revising.
The past two weeks have given evidences OF
q decidedly favorable movement In realty at
large. and as the causes OF this movement
seem to be "a nearly permanent as posi- Die. IL
should continue almost indefinitely. The
brokerage branch OF the mark ct has heen seri-
ously handicapped by the tension in the money
market. This il now relieved and the only
question is as to the permanency OF the relief
and the possibility OF still lower rates on
money on call. At any rate the difficulty OF
securing loans on realty 4. lessened and In
vestment buying Is discern bic In the reported
transactions OF the past two weeks. II there
IL a proportional increase In this buying
during the remaining weeks OF the present
A.
brokerage branch Of the market in excellent
condition
As the volume Of business In the brokerage