New-York tribune., 1900-09-30
CONSIDERABLE ACTIVITY IN THE AUC-
TIoN BRANCH OF THE MARKET.

The transactions in the real estate market for the
fourth week IN September were hardly Up to ex-
pectations. There were some sales OF dwelling
houses, and over wide area scattered sales OF
apartment houses and lots were noted. The
ton branch OF the market gives signs OF awakening
from its four months OF inactivity and others be-
sides the auctioneers lawyers plaintiffs and pro-
fessional traders appearing at the Broadway
salesroon. Last week outsiders were attracted TO
the auction room by the announcement Of the
utors sale OF the remainder Of the estate OF Ker
nan B. Daily. comprising thirty lots IN the Twenty
third Ward, Borough Of The Bronx overlooking
the Harlem River. The lots were sold by William
NJ Ryan, as auctioneer for fair prices. numerous
bidders
An auction sale which will thoroughly test the
temper OF the market IS that OF the Bradish John
son properties, valued s. $50 900. 10 be held on
October IL The list Of properties to be offered in
ciudes some Of the choicest property IN the city.
Two parcels one at the southwest corner Of Broad
way and Twenty-frst-st and the other the north
east corner OF Flfth-ave. and Twenty -arst-st are
the subject Of much discussion There IS consider
able speculation 70 the price these viii bring.
IL Is known that several investors and spectators
will figure prominently in the bidding. which
promises 20 be spirited Thirty other parcels IN
Sixth, Eighth. Tenth and Twelfth aves and in
Washington, Fourteenth Fifteenth, Sixteenth,
Twentieth, Twenty-Arst Twenty-eighth, Thirty
third, Thirty-seventh, Thirty-eighth and Forty
ninth SITS. will also be disposed OF under the ham
suit Of a partition suit by direction OF the Su-
preme Court, and the announcement OF the sale
comes as a welcome change 70 the uonotoloUs
series Of sales IN foreclosure proceedings in which
The general public has taken little interest Every
one viii have opportunity bid and some excel
lent prices are likely result That such will be the
case IS the hopeful view OF every real estate
owner and broker IN the city, for should this
sale, involving. i does. some Of the choicest
realty in Manhattan. prove failure, the effect
the market IN general IS likely 70 be injurious.
The Dig transaction II real estate which IS 20
usher IN activity after summer OF extraordinary
iUlness," as announced with big display heads and
An abundance OF detail by oue Of the morning
newspapers a week ago unfortunately was in the
nature Of a fairy tale The alleged sale was that
Of the southeast corner OF Fifth-ave and Fifty
second-st-, adjoining the site OF the new Union
club house The plot, rs feet in the avenue by
100 feet in the street was said 20 have been sold
BY the Rarney-sheIdon syndicate 70 Harley T
Proctor, OF Cincinnati The Tribune promptly de-
MED the report which was entirely premature An
attempt made recently 70 discredit the report
OF the sale OF the Bradley Martin properties at
No IS 70 2 West Twentieth-st with an abuttfrR
house IN Niueteenth-st, which had been promptly
and correctly published in The Tribune two weeks
ago. The premature publication CT alleged sales
the negotiations for which are nearly cornpleted
with possibly only 4 few minor details awaiting
sa satisfactory adjustment in order 70 close the
transaction, is serious menace 20 the market ro
say nothing Of the injury It works IN the case OF
principals though apparently about 20 make
sale or purchase under conditions advantageous
70 himself. has not more confidence In his own
judgment than is possessed by the majority OF
people who occasionally buy O. sell a parcel OF
real estate. the chances are az least even that
premature publication will defeat the transaction
and that all further negotiations VIII be drop0ed
Few forms of investment present more elements OF
so much time IS CONSUMED arst in arrangirE the
z
possible restrictions on the property, encub
he purchaser has ample time for rsfection. n
the mean time the details OF the proposed trans
action having been made public the tir1id ptir-
chaser is beset BY friends and acquaintance all
ing for dsvs 70 argIr1ents ne 5of @ % "a Ie6 @ -SIsn sen
ar, oF.Ea fs+e- s-tT- t 49, p "a Si-T Coh 1-s.
that the contract IS not signed never will be. and
70 discover through his lawyer some minor faw
IN the tLle or violation OF some detail OF the con
uact anorolng MN loophole Tor refusing 70
p3rsd T 2s as ResR @as ss s IF P c four 95 and
2asesq{ WseT oTo%Tsto4e GTs1g Ing a3qse at at No 2
was purchased from William G Wilson by Joseph
price being made public No IS East Fietg-si1t2
St an old four story and basement brownstone
Henry W, Taft 70 stuyvesant Wainwright for a
house sales Of apsrtment and hat houses on the
West SIDE and ne upper East Side figured in
ne West side seVersi fsTge biocE< of Tots we're re-
sold for Improvement in the section 10 the west and
north OF the Park. The entire block front IN
Lenox-ave. between Oue-hundred-and-thirty-ei
and One-nundred- and thirty-ninth SITS. 200 feey
front by LIS feet deep. sold 70 Alexander Hacr
at $4,000 The property will be improved al once
by the erection OF apartment houses. -Four seve1
story hathouses az Nos. 5o3 5o5, 3i5 and 81 East
Observation-Disclosures, 25xlo0 feet each. were
given in exchange for the lots the improved prop
erty figuring IN the deal a. $4,000. Among other
vacant parcels sold for improvement are tie plot
5ox1Oo feet the north side OF One-hundred-and-
ffty-Lhtrd-st-. one hundred feet west OF Eighth
ave- the plot 50x100 feet the south side Of One
entyseyenth-sI.. three hundred feet
west Of Lenox-eve, on which seven story eleya-
tor apartment house is 70 be erected and a plot
60xl20 feet the west side Of Edgecombe-ave, one
hundred feet north OF Oue-hundreda ad-forry-Arst-
st. which six story apartment house IS 70 be
erected.