New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-10
THE WEEK IN REALTY.
Dali Summer Market, zcitb Mort
cages Hard to Place.

Ths sales market is dull Some people say that the
duness is than ordinary type.
As of the of their assertion they point
number private transactions reported last
week which 10 reflect the true condition Of the
sales market The inRcton should not cause any
alarm however Many big brokers and investors are
miles this city. enjoying much needed vacation
and thinking realty market There should
be for alarm over the heavtness OF the
himself when there will be lvelter
days viii find 10 his question In the stiffness
about him He must look other for the
answer and he viii that after the summer calm
comes activity Surely the hoped for activity now
will come proper time unless some unforeseen OBJ
etacs arises 10 delay its advent
MORTGAGE MARKET SOMEWHAT TIGHT
present the mortgage market appears TO be too
tight possible lively sales market Hundreds
prospective buyers reported be idle because they
get satisfactory mortgages They do not wish
money per cent or per cent. but at or 4n per
They do not wish short term mortgages either IN
speaking about the mortgage market, man who owns
property valued hundred thousand dollars said to
Tribune reporter yesterday;
Though the mortgage market is somewhat better than
it has been for some months is sti unaIscsve 20
many persons have personal Snowdedge OF sesSlS d
were told that renewal would be made the basis
rate Of interest would not cali that renewal Of the
mortgage. but new mortgage. Since the beginning
property had Increased What / would like to know is
tbs pr6perg set had Th 9 so the
To ask him to pay bger a o Pa o5 e IN
mind nothing less than bad business.
a REALTY PAPERS OPINION.
The peal Estate Record and Guide in an article
in its last issue on the realty in the last
months in part as follows:
This has been curious half year the history Of
Nev-Yorl real There has been unprecedented
s s 5d ii bat s strced actyg has EFT the
tority brokers and operators comparatively speaking
UNEMPLOYED The consequence IS that spite of the fact
that aggregate number Of the transactions RECORDED
larger before in the history Of the city Il
has undoubtedly been the whole dull and unprospeT-
Gus season people real and build
ing Property been confronted with the IN
usual situation of good renting combined with poor
selling and builders with every Involvement 70
apartment and tenements have been unable
because of their inability to borrow the nece
sary
Taking Manhattan The Bronx together. there have
recorded. against only 10635
corresponding period OF 1903an increase OF fully
occurred in The Bronx and that the transactions IN the
borough Of the Harlem 90 per more in
six months Of 1904 than they
the months Of 1908 This Iact
developed market recentlythe fact
that The is destined become in the future
locality greatest activity will place.
large The Bronx. larger borough
is spending less than half much buildings
The Bronx second only Manhattan within few years
in the estimated cost of its projected buildings
The Bronx has made for the deficiency In the Manhat
Taking the boroughs together build
ings projected during the first months OF the
called expenditure of SAG $50 against
SIG $500 for the corresponding period OF last This
Is small increase but entirely
Bronx The new buildings the course erection In
the buildings during the
Of 1903 This is enormous jump and indicates pros
pated which extraordinary considering
the inaccessbility OF the borough.