The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-05-21
REAL r NEWS.

The past week in tho realty market has full
nlled the promise OF its predecessor. The de-
cline In the volume OF business which set in
two weeks ago continued steadily. and the on
tire list Of sales at private contract provided no
transactions which disprove the repeated as
]sertions OF brokers that tho activity which so
long characterized the market has come to an
end until fall. But even though the boom has
ended, n normal amount OF business may be
looked for in the coming summer because the
conditions invite 1t.
Naturally the interest OF the market will now
centre in the numerous auction sales OF
suburban property. which are scheduled for
some time to come. Evidences OF this interest
are found In tho many inquiries at the offices
Of the auctioneers who are to conduct the
sales. Al this interest presaGes an increased
attendance ut the auctions and should result
In keen competition and good prices. The
properties to be sold. In most instances. merit
all the attention that has so far been shown
them by the buying public. for It il seldom
that a more attractive list Of summer offerings
has been made up.
In addition to these sales, II is In the sum-
mer months that private sales OF suburban
sites are most encouraged. This summer
more than any other for years past. should
provide n largo number OF sales OF building
lots and completed homes. Tho air Is SO full
OF rumors about improved and increased trans
portation facilities for all the outlying districts
Of the city that the shrowd investor and the
business man DESTROYS OF finding a home out
side the sphere OF traffic alike will decide that
some improvement must take place, and be-
fore the actual improvement is made will seek
logically to anticipate it and secure the prop
erty desired before its value is increased.
Nor are all the improvements visionary. The
recently completed arrangement for transfers
between the Manhattan Elevated hallway and
the Third avenue system has already affected
the value Of property in parts OF tho twenty
third and Twenty-fourth wards. and the APP
preaching completion OF the big power house OF
the Third avenue road. near Kingsbridge. fore
shadows an extension Of the road In that direc-
tion which will develop a tract Of land on Man
haitian Island hitherto little exploited. There
IA a long, fine stretch OF land between Fort
George and the ship canal which promises,
when adequate transportation facilities are
provided. to eclipse the present prosperity and
growth ofthe Twcnty-third and Twenty fourth
wards.
The sales OF the last week call for little or no
ommen Both the buying and selling were
confined largely to operators and the only fea-
ture Of the entire week was the continued deal
ing In vacant property. which. too. was connned
to the professionals.
In the auction rooms the week was. on the
whole. commonplace. In several OF the more
important sales the ideas OF the bidders and
owners as to values were radically different.
and consequently many parcels were with
drawn. A close scrutiny Of these partial fall
ures shows that the property was not located
in the sections which are attracting and de-
serving attention. so that this lack OF interest
is fully explained.
The following are the comparative tables for
--I..A n-I thn Irnn~ If fhn n
mortgages and projected buildings for the cor
responding weeks OF 1899 and 1893. as COM
piled by the Record and Guide:
coSyFYASCES